Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The Omaha-based conglomerate disclosed in its earnings filing that its holding in the iPhone maker was valued at $84.2 billion at the end of the second quarter, suggesting that the Oracle of Omaha offloaded a little more than 49% of the ...
Stocks tumbled for the second-straight day Friday as a weaker-than-expected jobs report and a dismal forecast from Amazon added to investor fears of a more substantial slowdown for the U.S. economy. The Dow Jones Industrial Average closed down 611 points, or 1.5%. The S&P 500 dropped 1.8%, while the Nasdaq Composite lost 2.4%. Early Friday, the Bureau of Labor Statistics reported that the U.S. added just ...
ROCKLAND, Maine — Noah Barnes can’t sell bunks aboard his schooner fast enough. The ones unoccupied by his staff, anyway. Barnes, the owner and captain of the 153-year-old Stephen Taber, said demand for multiday voyages off Rockland has been “as good as the Clinton years.” “Typically in election years and times of uncertainty, we see a little bit of a ...
CrowdStrike on Sunday said Delta Air Lines had rejected on-site help during last month’s massive outage that sparked thousands of flight cancellations. Delta CEO Ed Bastian told CNBC’s “Squawk Box” last week that the mass cancellations following the outage, which occurred at one of the busiest times of the year, cost the company about $500 million, including customer compensation. The airline has “no choice” but to seek ...
U.S. stocks saw their third-straight trading day of heavy declines as recession fears continued to mount and Wall Street abandoned a popular trade that had helped counter high interest rates. The Dow Jones Industrial Average was down roughly 900 points or nearly 2.5% Monday morning, while the S&P 500 declined 2.3% and the tech-focused Nasdaq fell 2.5%. On Friday, the ...
At least 27 people were killed and scores injured in clashes in Bangladesh on Sunday, as police fired tear gas and lobbed stun grenades to disperse tens of thousands of protesters calling for Prime Minister Sheikh Hasina to resign. The interior ministry declared an indefinite nationwide curfew starting at 6 p.m. (8 a.m. ET) on Sunday, the first time it has taken such a step during ...
The arrival of F-16 fighter jets in Ukraine marks “a new chapter” for the country’s Air Force, President Volodymyr Zelensky said Sunday as he confirmed for the first time that the combat aircraft are in the country. Ukraine has been urging allies to transfer the coveted jets since the start of the war to protect its skies against Russian missiles. Russia maintains air ...
Rioters attacked a hotel used to house asylum seekers in the UK town of Rotherham on Sunday, as the country faces the worst social unrest it has seen in years. The violence was triggered by the stabbing of three young girls in Southport, northwest England, earlier in the week. The far right has seized on and spread a wave of ...
Rescuers in Gaza raced to dig victims from the rubble on Sunday after Israeli airstrikes on two school buildings left at least 30 people dead, according to the Palestinian Civil Defense. The strikes continue a bloody weekend, after a similar lethal attack on Saturday. The Israel Defense Forces (IDF) and the Israel Security Agency have taken responsibility for the strike, ...
Mali severs diplomatic relations with Ukraine for providing intelligence to rebels for Wagner ambush
Mali has severed diplomatic ties with Ukraine after the country supplied intelligence to Malian rebels involved in an ambush against Wagner Group forces in July. “The transitional government of the Republic of Mali condemns the hostility of the authorities of Ukraine who do not observe that Mali has always called for a peaceful settlement of the crisis between the Russian Federation and Ukraine,” ...