FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14%, while soaring prices of stock holdings such as Apple Inc led […]

NEW YORK (Reuters) – A shakeup in stocks accelerated by the past week’s surge in Treasury yields has investors weighing how far a recent leadership rotation in the U.S. equity market can run, and its implications for the broader S&P 500 index.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange […]

FILE PHOTO: A man holds up a minimum wage sign at a rally held by fast food workers and supporters to celebrate the California Labor Commissioner’s order for the company to rehire and compensate workers who went on strike for coronavirus disease (COVID-19) protections, in Los Angeles, California, U.S., February 18, 2021. REUTERS/Lucy NicholsonWASHINGTON (Reuters) […]

One of Germany’s best known footwear brands, Birkenstock, is selling a majority stake to the American-French private equity firm L Catterton and an affiliated firm, Financière Agache, Bernard Arnault’s family investment company. Financial terms were not disclosed. WWD had reported Feb. 8 that Birkenstock was in exclusive talks with L Catterton. The two remaining relatives […]

(Reuters) – Wall Street’s main indexes fell on Thursday, with the Nasdaq slipping about 2.5%, as technology-related stocks remained under pressure following a rise in U.S. bond yields.FILE PHOTO: The Wall St. sign is seen outside The New York Stock Exchange (NYSE) in New York, U.S., February 16, 2021. REUTERS/Brendan McDermidThe benchmark 10-year Treasury yields […]

The growing attraction of short-term real estate loans during the pandemic is making it easier to borrow to refurbish properties. By Matt Phillips The pandemic forced owners of hotels, malls and office buildings to adjust almost overnight to a harsh reality in which millions of Americans were no longer traveling, shopping at stores or going […]

The reporting season has produced a better than expected set of results from many companies, yet the NZX50 index has continued to slide. The index is hovering around correction territory – classified as a 10 per cent fall – while other markets around the world remain strong. Stephen Bennie, of Castle Point Funds, said there […]

The Cherokee Nation, for the first time, has asked Jeep to change the name of its Grand Cherokee vehicle, a move that the carmaker, preparing to release the next generation of the line, has so far resisted. Chuck Hoskin Jr., principal chief of the Cherokee Nation, said in an interview on Wednesday that the name […]

“I’ve been a mag hag since I was a kid,” Honey Dijon said, confessing that she used to relish visits to her tailor uncle, who always had fashion magazines like GQ lying around. “I would study them like a science book.” When her parents insisted at age 16 that she get a job, Dijon found […]

NEW YORK (Reuters) – A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.FILE PHOTO: The German share price index DAX graph is […]