Business News
In a shift, Buffett says focus on Berkshire’s stock price
Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing.
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Business News
Southwest CEO says mechanics deserve new contract, but company wants ‘flexibility’
Southwest Airlines Co’s mechanics, who have been in labor contract talks for more than six years, deserve a new deal that makes them among the best paid in the airline industry, but the low-cost U.S. carrier needs “more supplier flexibility” in return, the company’s chief executive said.
Business News
Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter
Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy.
Business News
As trade deadline looms, U.S. and China sprint to seal a deal
U.S. and Chinese negotiators met for a fifth straight day on Saturday as the two sides race against a March 1 deadline to reach agreement and prevent a further escalation in their trade war.
Business News
Warren Buffett says prospects poor for ‘elephant-sized acquisition’
Warren Buffett is hunting for “an elephant-sized acquisition,” but he is not optimistic about getting it done.
Trading Ideas
Africa’s Astonishing Growth and Unstoppable Bull Market
Mention developing economies… and China and India likely come to mind. It’s true both countries are growing fast. But China is nearly a developed nation, and India isn’t too far behind.
To find the fastest-growing economies, you’d have to travel to Africa.
More than a dozen of the fastest-growing economies in the world are located in Africa. Chief among them is Ethiopia. The East African nation has seen an incredible 10% average annual gross domestic product (GDP) growth in the past decade.
It’s not just Ethiopia that’s booming either…
Senegal’s GDP is growing at 7%, the Ivory Coast’s is growing at 8% and the …read more […]
Business News
Falling stocks, Kraft Heinz trigger huge Berkshire loss
Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett’s Berkshire Hathaway Inc, which on Saturday reported a large quarterly net loss even though operating profit rose.
Business News
Egypt’s top administrative court lifts ban on Uber, Careem services
Egypt’s top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem, which have faced fierce opposition from traditional taxi drivers, a judicial source and lawyer said.
Business News
Wall St. Week Ahead: May be time for growth to run out of gas
A return to fashion of growth stocks in 2019 helped lead the overall market out of a year-end shakeout, but another multi-year run of growth performing better than value may not be in the cards.
Business News
Trump says he’s inclined to extend China trade deadline and meet Xi soon
President Donald Trump said on Friday there was “a very good chance” the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.
Business News
Brazil judge suspends Embraer-Boeing tie-up negotiations: court document
A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.
Business News
Microsoft workers demand it drop $480 million U.S. Army contract
Several Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract with the U.S. Army and stop developing “any and all weapons technologies.”
Business News
No more MOUs! USTR Lighthizer tweaks trade terminology after dispute with Trump
In trade talks between the United States and China, Memorandums of Understanding – the building blocks of what would be a historic deal – are officially out.
Business News
Fed’s policy pause sets stage for broad overhaul
When Federal Reserve policymakers last month put a three-year rate-hike campaign on hold and backed ending a yearlong push to shrink their $4 trillion balance sheet, they cited increased risks to U.S. economic growth and the need for more time to sort through the data.
Business News
Brazilian judge suspends Embraer-Boeing tie-up negotiations: court document
A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according to a court document.