Hurricanes earthquake drag down third-quarter profit at Buffett Berkshire Hurricanes earthquake drag down third-quarter profit at Buffett Berkshire: Berkshire on Friday said it lost $3 billion before taxes, or $1.95 billion after-tax, from the disasters, leaving its Geico auto insurance, General Re reinsurance and Berkshire Hathaway Reinsurance units with underwriting […]
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Global stocks edge up after U.S. tax plan Powell nomination Global stocks edge up after U.S. tax plan Powell nomination: The Republican tax plan called for broad changes to the U.S. tax code, including slashing the corporate tax rate and reducing the number of tax brackets for individuals. “Everyone knows […]
U.S. third quarter productivity fastest in three years jobless claims fall U.S. third quarter productivity fastest in three years jobless claims fall: U.S. worker productivity increased at its fastest pace in three years in the third quarter but the trend remained moderate, suggesting that a recent acceleration in economic growth […]
Apple market value We may need a bigger chart Apple market value We may need a bigger chart: Apple Inc (AAPL.O) Chief Executive Tim Cook quashed concerns recently about muted demand for the iPhone X, saying pre-orders for the 10th anniversary smartphone were “off the charts,” but it might be […]
Luxury auto brands are scrambling to avoid a blue Christmas Luxury auto brands are scrambling to avoid a blue Christmas: Consumers have gradually shifted over to luxury sport utility vehicles from sedans in the last decade, but the trend – which has occurred in both the non-luxury and luxury segments […]
Asian shares rise on Fed optimism sterling firms on expected BOE hike Asian shares rise on Fed optimism, sterling firms on expected BOE hike: Asian shares touched a 10-year high on Thursday after the U.S. Federal Reserve expressed optimism about the economy, virtually cementing the case for a year-end rate […]
Lockheed F 35 deliveries were halted for 30 days Lockheed F-35 deliveries were halted for 30 days: During routine maintenance at Hill Air Force Base in Utah, the Air Force detected “corrosion exceeding technical limits” where the carbon fiber exterior panel is fastened to the aluminum airframe. A lack of […]
Under Armour chops forecasts as North America slide worsens Under Armour chops forecasts as North America slide worsens: Shares of the maker of Stephen Curry basketball sneakers, already among the worst performing stocks on the S&P 500 .SPX this year, sank 17 percent in morning trade in New York, hitting […]
Samsung Electronics names new generation leaders as profit soars Samsung Electronics names new generation leaders as profit soars: The world’s biggest maker of semiconductors, televisions and smartphones replaced the leaders of its three main businesses, named CFO Lee Sang-hoon as the likely new board chairman, and said veteran co-CEOs J.K. […]
Shopifys earnings beat fails to reassure investors shares drop Shopifys earnings beat fails to reassure investors shares drop: Investors and analysts had hoped Shopify would release more details about its operations and customers after Andrew Left of Citron Research released a critical report about the retail software company in early […]
