End of an era: Warren Buffett will ask Berkshire board to replace him as CEO with Greg Abel
Buffett said he will still 'hang around' to help, but the final word on company operations and capital deployment would…
Category: Economy
Chevron to slow pace of share buybacks as Trump tariffs and OPEC+ production weigh on oil prices
U.S. crude oil prices have fallen as President Donald Trump's tariffs raise recession fears and OPEC+ pumps more oil. ...
Trump vows to revoke Harvard’s tax-exempt status: ‘It’s what they deserve!’
Trump has sought to extract concessions and changes from Harvard and other schools by threatening to withhold federal research grants.…
Block plunges 20% as Cash App miss triggers downgrades
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that may…
Trump calls on Fed once again to lower rates after solid April jobs report
President Donald Trump issued his latest call for the U.S. Federal Reserve to lower interest rates, following a better-than-expected jobs…
U.S. payroll growth totals 177,000 in April, defying expectations
Nonfarm payrolls were expected to increase by 133,000 in April, according to the Dow Jones consensus estimate. ...
Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
In its policy decision, the central bank highlighted that it will continue to raise its policy rate "if our economic…
Auto giants ditch financial guidance as industry reels from Trump tariff chaos
The corporate updates come shortly after Trump imposed a 25% tariff on automotive imports into the U.S. earlier in the…
Microsoft passes its first test on U.S. tariffs with limited product exposure
If rising costs do push businesses to boost efficiency, Microsoft, with its Copilot artificial intelligence assistant, could be helpful, CEO…