-- Japan’s Nikkei 225 index opened at record highs on Monday, extending a strong run from last week as investors piled into local stocks amid hype over artificial intelligence and the prospect of ultra-low interest rates. The Nikkei 225 rose 0.6% to a record high of 39,420.0 points, hitting a record high for a second...
-- Most Asian stocks retreated on Monday as persistent concerns over higher-for-longer interest rates sparked some profit-taking in technology stocks, while Japanese markets scaled new record peaks ahead of key inflation data. Tech stocks were hit with a large degree of profit-taking after a strong rally over the past week, as optimism over artificial intelligence...
By Jonathan Stempel NEW YORK (Reuters) - Berkshire Hathaway (NYSE:BRKa), the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop business it did not already own, after resolving a lawsuit over the price. The price means Berkshire paid about $13.6 billion for Pilot,...
FRANKFURT (Reuters) -German labour union Verdi on Saturday demanded Lufthansa offers a higher wage increase for thousands of the German airline\'s ground crew before it agrees to a fresh round of pay talks aimed at averting further industrial action. Ground staff walked off the job at major airports on Tuesday in their second strike this...
By Jonathan Stempel (Reuters) - Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway (NYSE:BRKa)\'s shareholders. Buffett on Saturday devoted a special section of his annual shareholder letter to Munger, who died in November at age 99. The 93-year-old Buffett called his long-time business partner a key driver behind what...
By Milana Vinn (Reuters) -Chipmaker Broadcom (NASDAQ:AVGO) is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the...
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T (NYSE:T), whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for...
By Nick Carey LONDON (Reuters) - Europe\'s automakers and their already-stretched suppliers face a tough year as they race to cut costs for electric models to counter leaner Chinese rivals which are bringing cheaper vehicles to challenge them on their home turf. A big question is how much more Europe\'s automakers can squeeze out of...
Household social media platform Reddit holds Bitcoin (BTC) and Ether (ETH), according to a public IPO filing. The disclosure comes after Reddit filed to go public with the Securities and Exchange Commission (SEC) under the ticker “RDDT”. RDDT is expected to start trading on the New York Stock Exchange (NYSE) in March. “We are going...
Senator Elizabeth Warren (D-MA) referred to Republican opponent John Deaton’s campaign as a “threat” as she called on supporters to help fund her campaign against him, newly surfaced emails from the politician over the past week reveal. Warren Launches Email Campaign in Fight for Senate Seat Deaton, a noteworthy attorney from Rhode Island, moved specifically...