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…
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…
ChatGPT, a conversational AI model built by OpenAI, is the most talked-about technology of 2023. And it has caught the attention of payments services providers keen to unlock the potential of the generative AI that powers it. Generative AI is set to revolutionize various sub-verticals within the payments industry. The most significant impact is expected Read More…
Two people familiar with the company told Business Insider that the headcount is “much lower” than the 1,500 employees CEO Elon Musk had told BBC News remained on staff, particularly when excluding remaining contract workers. The billionaire did not specify whether his total included such employees. The outlet said getting closer to 1,000 means Twitter’s workforce is Read More…
The major averages turned lower following Fed Chair Jerome Powell’s press conference. Investors seemed to have turned their attention to Powell’s comment that the rate-setting committee has “a view that inflation is going to come down not so quickly.”“It will take some time, and in that world, if that forecast is broadly right, it would Read More…
The Berkshire Hathaway annual meeting is May 6 in Omaha, Nebraska. Often referred to as Woodstock for capitalists, the meeting has become a highly anticipated event for investors, drawing thousands of attendees from around the world. At the Berkshire Hathaway annual meeting, Warren Buffett and his longtime business partner, Charlie Munger, spend several hours answering Read More…
Two major U.S. automakers are calling out car dealers for allegedly jacking up prices beyond sticker value and ripping off customers. Ford and General Motors warned dealers to stop exploiting supply chain shortages by setting prices above the manufacturers’ suggested retail prices, or MSRP. “We have very good knowledge of who they are,” Ford CEO Jim Farley said while unveiling the company’s latest quarterly Read More…
Facebook has patented a new technology for an “authentic” robot eye. The idea, granted in December, would let the social media company build a “high performing and realistic” eyeball that would be like an “animatronic device” to track humans’ eye movements. Tracking eye movements is used in digital ads to detect what people look at, as Read More…
WASHINGTON — With workers quitting their jobs in record numbers across the United States, employers are getting creative with their offerings to attract and retain talent. Many are providing more money and benefits amid a nationwide labor shortage that has worsened supply chain shortages and hampered businesses, especially those that employ front-line workers. In Arizona, one Read More…
Apple Inc. Chief Executive Officer Tim Cook received almost $100 million in compensation in 2021, a year in which he completed 10 years as the company’s CEO and led the iPhone maker to record profits during a global pandemic. His $98.7 million pay package rose more than 500% compared with the previous year’s $14.8 million, Read More…