Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter …
Berkshire Hathaway’s big mystery stock wager could be revealed soon
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Immigrant workers are helping boost the U.S. labor market
The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor …
Sony and Apollo send letter expressing interest in $26 billion Paramount buyout as company mulls Skydance bid
Sony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the …
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it "simply had no …
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Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid …
Carvana shares spike 30% as used car retailer posts record first quarter
Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit …
Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
It's finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales in its latest quarter, sending its …
Bally Sports regional networks go dark for Comcast cable customers
Comcast customers lost access to Bally Sports' regional networks a month into MLB's regular season. Fans of 11 MLB teams, including the Detroit Tigers …
Viking shares rise more than 10% after cruise line operator’s market debut
Viking is not your typical cruise operator. Aboard its smaller, upscale vessels, you won't find any kids. In fact, the cruise line doesn't hide the …
Johnson & Johnson will pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it will pay $6.5 billion to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based …
Pfizer beats revenue estimates, raises profit outlook on cost cuts and strong non-Covid sales
Pfizer on Wednesday reported first-quarter revenue that beat expectations and hiked its full-year profit outlook, benefiting from its broad …
CVS shares plummet 18% as health company slashes profit outlook on higher medical costs
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, …
To train car dealers on EVs and other topics, Ford turns to gamification and AI-powered education
DEARBORN, Mich. — Ford Motor is launching a new training program for more than 3,000 U.S. franchised dealers on Wednesday that uses artificial …
Starbucks is about to report earnings. Here’s what to expect
Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here's what Wall Street analysts surveyed by LSEG are …