Berkshire Hathaway Inc. (NYSE: BRK.A) posted record annual profits and expanded its cash reserves to $334.2 billion, as Warren Buffett used his annual shareholder letter to issue a pointed message to Washington: spend wisely and protect those who draw the “short straws in life.” The 94-year-old investing titan, widely regarded as one of the greatest Read More…
Activist investor Elliott Investment Management has acquired a significant stake in BP Plc, as the British oil giant struggles with years of underperformance and weak investor confidence, according to sources familiar with the matter. Elliott is reportedly pressuring BP to consider transformative measures to boost shareholder value, believing the company is undervalued and its performance Read More…
Toyota is recalling more than 140,000 Toyota and Lexus vehicles due to potential safety issues, the company announced Thursday. The recall affects certain Tacoma, Camry, and Lexus RX models from the 2024 and 2025 model years. The Toyota Tacoma recall involves four-wheel-drive models, which may have damaged rear brake hoses due to the accumulation of Read More…
Frontier Asset Management, an independent asset management firm, has officially launched its suite of actively managed exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). These ETFs are designed to enhance Frontier’s multi-asset Active ETF Strategies, with the goal of providing attractive risk-adjusted returns for investors. The Frontier ETF suite consists of six actively Read More…
Berkshire Hathaway Inc. (NYSE: BRK.A) posted record annual profits and expanded its cash reserves to $334.2 billion, as Warren Buffett used his annual shareholder letter to issue a pointed message to Washington: spend wisely and protect those who draw the “short straws in life.” The 94-year-old investing titan, widely regarded as one of the greatest Read More…
Activist investor Elliott Investment Management has acquired a significant stake in BP Plc, as the British oil giant struggles with years of underperformance and weak investor confidence, according to sources familiar with the matter. Elliott is reportedly pressuring BP to consider transformative measures to boost shareholder value, believing the company is undervalued and its performance Read More…
Toyota is recalling more than 140,000 Toyota and Lexus vehicles due to potential safety issues, the company announced Thursday. The recall affects certain Tacoma, Camry, and Lexus RX models from the 2024 and 2025 model years. The Toyota Tacoma recall involves four-wheel-drive models, which may have damaged rear brake hoses due to the accumulation of Read More…
Frontier Asset Management, an independent asset management firm, has officially launched its suite of actively managed exchange-traded funds (ETFs) on the New York Stock Exchange (NYSE). These ETFs are designed to enhance Frontier’s multi-asset Active ETF Strategies, with the goal of providing attractive risk-adjusted returns for investors. The Frontier ETF suite consists of six actively Read More…
(The Center Square) – A federal judge has blocked the $24.6 billion proposed merger between Albertsons and Kroger in response to a lawsuit filed against it by the Federal Trade Commission and several states. In the ruling, Oregon-based U.S. District Judge Adrienne Nelson argued that the merger “is a plausible, relevant market for antitrust purposes,” Read More…
Steve D. Scheel, the board chairman emeritus of SCHEELS, has been named the 50th recipient of North Dakota’s Theodore Roosevelt Rough Rider Award, the state’s highest honor for its citizens. Gov. Doug Burgum presented the award today, celebrating Scheel’s achievements in building SCHEELS into a leading retail brand known for its exceptional customer service, leadership, Read More…
(The Center Square) – Nearly 40% of all Americans plan to shop on Black Friday, to kick off the holiday shopping season. Holiday sales are already expected to once again break records this year, with the National Retail Federation expecting a total holiday spending of between $979.5 billion to $989 billion in November and December, compared Read More…
Idaho-based 7k Metals is set to make waves in the numismatic world with the launch of one of its largest and most innovative coins: the 1-kilo Grand Canyon silver coin. This impressive collector’s piece, part of the company’s Topography collection, will debut on Black Friday, November 29, 2024, with a limited minting of just 77 Read More…
Legendary investor Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), continues to captivate the financial world with his investment moves. As of November 14, Berkshire’s Class A shares have delivered a staggering cumulative return exceeding 5,660,000% under Buffett’s nearly six decades of leadership. Recent filings with the Securities and Exchange Commission (SEC) reveal Read More…
Goldman Sachs is considering spinning out its technology platform under the bank’s digital assets business, the company announced on Monday. The spin-out is still in its early planning stages, with the firm aiming to establish the new entity within the next 12 to 18 months. The platform, known as GS DAP, focuses on digital assets Read More…
The Wyoming Business Council (WBC) is proud to announce the launch of a new Job Board through Wyoming Venture Capital (WYVC), aimed at enhancing support for its portfolio companies and partners. This initiative addresses the ongoing challenges of recruiting qualified talent in Wyoming while providing job seekers with a streamlined resource to explore employment opportunities Read More…
After closing over 100 locations and filing for Chapter 11 bankruptcy protection in May, Red Lobster has announced the appointment of Damola Adamolekun as its new CEO. The seafood restaurant chain, which has been a staple for 56 years, has faced significant challenges, including a leadership shake-up with five CEOs since 2021. Adamolekun, 35, expressed Read More…
Boeing announced Monday that it had made a “best and final offer” to its striking machinists, including bigger pay raises and larger bonuses. However, the workers’ union quickly rejected the proposal, stating it wasn’t sufficient, and no ratification vote would occur before Boeing’s deadline at the end of the week. The union criticized Boeing for Read More…
(The Center Square) – A coalition of small businesses are calling on Congress to make the 20% small business tax deduction permanent. Small business leaders visited Washington, D.C. this week to call on lawmakers to pass the Main Street Tax Certainty Act, a bill that would prevent the expiration of a small business tax credit Read More…
This week promises to be pivotal for the tech industry, with major companies set to release their earnings reports amidst a climate of heightened scrutiny and market volatility. Raymond James analysts have highlighted Apple as a “more stable AI play for volatile times,” positioning it as a key player in the ongoing debate over the Read More…
J. Michael Cline, the founder of Fandango, tragically passed away after a fatal fall from a luxury hotel in New York City on Tuesday morning, authorities have confirmed. Cline, aged 64 and a resident of Palm Beach, Florida, was discovered “unconscious and unresponsive” at the Kimberly Hotel located at 145 East 50th St. in Manhattan. Read More…
The economy is set to be a pivotal issue in the 2024 presidential election, highlighting the stark differences between President Joe Biden and former President Donald Trump. Consider the American economy as a bag filled with a variety of policies and economic indicators, with inflation being a prominent one. Although inflation has retreated from its Read More…
Benjamin Franklin’s timeless assertion from 1789 about the certainties of life—death and taxes—might require a modern update if he were alive today. In our contemporary landscape, alongside these age-old certainties, we witness another phenomenon: the ever-escalating compensation of chief executive officers (CEOs). According to a recent study by Equilar, median pay for America’s top CEOs Read More…
(The Center Square) – A judge sentenced FTX founder Samuel Bankman-Fried to 25 years in prison on Thursday, marking the long fall of the onetime cryptocurrency star. U.S. District Judge Lewis Kaplan also sentenced Samuel Bankman-Fried, known as SBF, to three years of supervised release, and ordered him to pay $11 billion for orchestrating a massive fraud. Bankman-Fried, Read More…
(The Center Square) – The U.S. Department of Justice sued smartphone maker Apple on Thursday alleging the company maintained an illegal monopoly over the U.S. market. The complaint, filed in the U.S. District Court for the District of New Jersey, alleges that Apple illegally keeps a monopoly over smartphones by selectively imposing contractual restrictions on Read More…
(The Center Square) – The National Association of REALTORS announced Friday an agreement where it will end the 6% commission that is routine in home sales. In the settlement with homeowners, the association will pay $418 million in damages and end litigation on the matter. Experts say that Americans pay $100 billion a year in Read More…
(The Center Square) — U.S. agricultural trade exports declined by $17 billion in fiscal year 2023, raising concerns from U.S. senators about how the Biden administration will address the issue. The deficit is growing and will decline by another $8 billion in fiscal year 2023, the senators said in a letter to U.S. Trade Representative Katherine Read More…
(The Center Square) – Billionaire businessman Elon Musk said Wednesday that he won’t donate to anyone seeking the U.S. presidency in 2024. The Tesla and SpaceX owner’s announcement came after a meeting with former President Donald Trump on Sunday. “Just to be super clear, I am not donating money to either candidate for US President,” Read More…
HELENA – Montana Attorney General Austin Knudsen led a coalition of 16 attorneys general in demanding answers from Wells Fargo Wednesday regarding the company’s debanking policies, which appear to extend the Biden administration’s woke agenda. In a letter to Wells Fargo’s Chief Executive Officer Charles Scharf, Attorney General Knudsen raised concerns with the bank’s decision Read More…
Revolutionizing Finance: The Rise of Cryptocurrency Payments – Explore the transformative impact of cryptocurrency payments in the modern financial landscape. This article delves into how digital currencies like Bitcoin, Ethereum, and Litecoin, powered by blockchain technology, are redefining transactional processes. Cryptocurrency payments have emerged as a disruptive force reshaping the financial landscape. These digital assets, Read More…
In response to a lower-than-projected revenue, UPS has declared a significant workforce reduction of 12,000 employees. The shipping company witnessed a 7.8% decline in revenue, dropping from $27 billion to $24.9 billion over the past year. Notably, UPS experienced a 7.4% decrease in shipping within North America and an 8.3% drop internationally. CEO Carol Tome Read More…
(The Center Square) – The Employee Retention Tax Credit, designed to help businesses keep employees on the payroll during pandemic shutdowns, could end up costing taxpayers seven times more than initially projected. The Committee for a Responsible Federal Budget said initial projections for the Employee Retention Tax Credit, or ERC, put the cost of the Read More…
In this insightful exploration of AI tools, we navigate the transformative landscape where Artificial Intelligence (AI) infiltrates various aspects of our lives. From content analysis to resume evaluation and PDF conversion, AI tools are reshaping our approach to diverse tasks. Artificial Intelligence (AI) has permeated every facet of our lives, revolutionizing the way we work, Read More…
(The Center Square) – Less than two months before implementation, a federal law impacting gig workers is being challenged in a Georgia court. Founders of Fight for Freelancers, a coalition of more than 2,500 independent contract workers in varying professions, seeks an injunction to prohibit enforcement of the new law announced this month by the Read More…
When can we stop worrying about rising prices? The latest inflation report offers no easy answers D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University Tired of thinking about inflation’s impact on your wallet? You’re not alone. But like it or not, higher prices continue to be an economic and – with the Read More…
Jordan Frith, Clemson University Few objects in the world are more immediately recognizable than the bar code. After all, bar codes are all around us. They’re on the books we buy and the packages that land on our doorsteps. More than 6 billion bar codes are scanned every single day. They’ve become such an accepted Read More…
(The Center Square) – Federal policies must focus on strengthening American energy independence, the American Petroleum Institute emphasized Wednesday at its annual State of the American Energy conference. API CEO Mike Sommers and Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer blasted the Biden administration over what they called its “short-sighted” energy Read More…
(The Center Square) — New Jersey has given labor unions the legal authority to file litigation against companies over alleged labor violations despite claims from business groups that it will result in a slew of lawsuits. The legislation, recently signed into law by Gov. Phil Murphy, will allow unions to represent workers or a third party Read More…
(The Center Square) – The Texas economy grew at a much faster rate than nearly all U.S. states in the third quarter in 2023. Texas also surpassed national growth rates in all categories and grew faster than the nation for five quarters in a row, according to U.S. Bureau of Economic Analysis data. Real gross Read More…
General Motors (GM) has acquired approximately half of its Buick dealerships across the United States as a result of their reluctance to promote electric vehicles (EVs) during GM’s transition to an electric future. Roughly 1,000 of GM’s 2,000 Buick dealerships opted for the voluntary buyout, which remains open for additional dealers to choose instead of Read More…
According to filings with the state of Michigan, General Motors (GM) is set to initiate layoffs affecting just over 1,300 workers across two Michigan plants early next year. The larger layoff, involving 945 employees at GM’s Orion Assembly plant responsible for producing Chevrolet Bolts, is scheduled to commence on January 1. However, the company has Read More…
For the eighth consecutive year, Fox News Channel is set to conclude 2023 as the most-watched network on cable television, with its new primetime lineup thriving and “The Five” making history. FOX News Media CEO Suzanne Scott expressed gratitude for viewers’ continued preference for Fox News Channel during unprecedented news cycles, praising the network’s team Read More…
Costco, the retail giant, disclosed that it achieved sales exceeding $100 million in gold bars during the first fiscal quarter of 2024, as reported by CNBC. This announcement took place within the company’s earnings call, where it revealed a 6.1% surge in sales compared to the first quarter of 2023 and declared a special dividend Read More…
Millions of Americans are engaged in informal gig work, a phenomenon not captured in the government’s official employment statistics, as indicated by recent research shedding light on the true extent of this type of employment. If a more accurate representation of Americans’ willingness to work is considered beyond conventional economic data, the job market may Read More…
Today’s broken media business is brought to you by a revolution in advertising. Starting about two decades ago, Google and Facebook figured out how to siphon off most of the ad revenues that had historically gone to support independent journalism. The duopoly is now the target of numerous antitrust actions by regulators around the globe. Read More…