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…
Apple stock plunged nearly 6% Monday after the U.S. Supreme Court ruled that Apple customers can sue the company over prices on its App Store. The 5-to-4 ruling lets consumers move forward with a long-running lawsuit that claims Apple (ticker: AAPL) is using its market dominance to inflate prices via a 30% commission at its Read More…
Everything goes through a lifecycle, and operating systems are no different. They start out as new and fresh and full of possibilities and go through an explosive phase of stratospheric growth. This is the exciting period. But going along with that growth are the inevitable teething troubles or bugs and problems and sleepless nights. And Read More…
Intello, the New York City-based Saas management platform, announced a $2.5 million extended seed round today, along with some product enhancements. The round was led by Resolute Ventures . Harrison Metal and Magnetico Ventures also participated along with various individual angel investors including Zane Lackey from Signal Sciences, Chris Smoak from Atrium and Zach Sherman Read More…
Though not generating the fanfare that its new ConceptD computers have, Acer also introduced a pair of new Chromebooks at its press event this week. Unlike its numerous education models, however, these new laptops are designed to appeal to enterprises that want to add Chromebooks to their mobile fleet. The Chromebook 714 and 715 may Read More…
Shopko will close its remaining stores across the country, including all of its Montana locations. According to a document filed on March 18, the company will close all of its remaining locations by June. The company stated in a press release that it was unable to find a buyer for the business, which declared bankruptcy Read More…
It’s not unusual for companies to be inundated with messages from people looking for answers — what is rare, however, is for a CEO to personally respond to one. Yet one 10-year-old schoolboy appears to have succeeded, grabbing the attention of the boss behind one of Australia’s largest airlines. Alex Jacquot recently penned a letter Read More…
799 Comments By Shayndi Raice and Shayndi Raice The Wall Street Journal Biography @Shayndi www.facebook.com/shayndi Shayndi.Raice@wsj.com Paul Overberg | Photographs by Paul Overberg The Wall Street Journal Biography @poverberg paul.overberg@wsj.com Daniel Acker for The Wall Street Journal March 4, 2019 10:29 a.m. ET An Amtrak train from St. Louis to Chicago hurtles past Dwight, Ill. Read More…
Cheniere Energy’s liquefied natural gas export terminal in Texas, in October 2018. Photo: Eddie Seal/Bloomberg News 2 Comments By Christopher M. Matthews Christopher M. Matthews The Wall Street Journal Biography Updated March 4, 2019 6:33 p.m. ET Cheniere Energy Inc.’s LNG 1.56% expected $18 billion deal to supply natural gas to China signals the company’s Read More…
Facebook and Instagram are pushing back against a practice known as cybersquatting. Photo: Yui Mok/PA Wire/Zuma Press 11 Comments By Shan Li Shan Li The Wall Street Journal Biography @ByShanLi shan.li@wsj.com Updated March 4, 2019 9:48 a.m. ET BEIJING— Facebook Inc. FB 0.28% and its photo-sharing app Instagram sued four companies and three people based Read More…
Venezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas. The opposition’s parallel government filed papers Friday urging the U.S. Court of Appeals in Philadelphia to support the Trump administration’s push for regime change in Read More…
Walt Disney CEO Robert Iger’s pay package jumped 81% to $65.6 million in the year ended in September. Photo: Michael Nagle/Bloomberg News 6 Comments By Micah Maidenberg and Micah Maidenberg The Wall Street Journal Biography @MicahMaidenberg micah.maidenberg@wsj.com Erich Schwartzel Erich Schwartzel The Wall Street Journal Biography @erichschwartzel erich.schwartzel@wsj.com Updated March 4, 2019 2:21 p.m. ET Read More…
Gold was discovered in Nevada in the late 19th century, but it was Newmont Mining that kicked off the state’s gold mining boom in the 1960s with a find on the so-called Carlin Trend. Photo: rick wilking/Reuters 10 Comments By Alistair MacDonald and Alistair MacDonald The Wall Street Journal Biography Jacquie McNish Jacquie McNish The Read More…
Traders have begun pricing in a small chance of the Federal Reserve cutting rates this year, a move that could nudge inflation higher. Above, Fed Chairman Jerome Powell. Photo: Joshua Roberts/Getty Images 106 Comments By Akane Otani Akane Otani The Wall Street Journal Biography @akaneotani akane.otani@wsj.com Updated March 3, 2019 2:28 p.m. ET Bets on Read More…
U.S. Trade Representative Robert Lighthizer and European Trade Commissioner Cecilia Malmstrom took part in a meeting on steel overcapacity last March in Brussels. Photo: Stephanie Lecocq/Press Pool 19 Comments By Emre Peker Emre Peker The Wall Street Journal Biography @wsjemre emre.peker@dowjones.com March 4, 2019 7:00 a.m. ET BRUSSELS—U.S. and European trade negotiators face growing domestic Read More…
Philip Morris said Monday that it plans to take a pretax charge of $194 million in the first quarter due to the ruling. Photo: Daniel Acker/Bloomberg News 2 Comments By Micah Maidenberg Micah Maidenberg The Wall Street Journal Biography @MicahMaidenberg micah.maidenberg@wsj.com March 4, 2019 12:29 p.m. ET Philip Morris International Inc. cut its profit outlook Read More…
Ted Baker founder Ray Kelvin at the Carondelet House on Aug. 12, 2015 in Los Angeles. Photo: Ari Perilstein/Getty Images 4 Comments By Ian Walker Ian Walker The Wall Street Journal Biography March 4, 2019 8:06 a.m. ET British fashion retailer Ted Baker PLC said its founder and chief executive has resigned with immediate effect Read More…
Believe it or not, there’s money in podcasts. Spotify is in advanced talks to acquire Gimlet Media, the Brooklyn-based narrative podcast company, for more than $200 million in cash, according to Recode. Gimlet has raised approximately $28.5 million in venture funding from investors including WPP, Stripes Group, LioneTree Partners, Graham Holdings, Betawarks, Cross Culture Ventures, Read More…
General Electric‘s cash problem will look better in 2019 after an accounting change takes effect, an accounting professor says. For reporting periods beginning after December 15, 2018, all public US companies should apply a new accounting standard that requires them to recognize financing-lease assets and operating-lease assets on their balance sheets. The previous accounting term Read More…
Alphabet shares traded slightly lower Tuesday morning as Wall Street delivered a classic reaction to its earnings which were released the prior evening: the results were good, but not good enough. While Alphabet reported revenue and profits for the fourth-quarter that topped Wall Street’s expectations, analysts said the internet giant’s margins were disappointing. That revelation Read More…
Former San Francisco 49ers quarterback Joe Montana knows an opportunity when he sees one, and one of the largest growing industries is cannabis. The NFL Hall of Famer joined former CEO of Yahoo Carol Bartz and invested in Caliva, a San Jose-based weed dispensary and delivery service, raising $75 million in funding, the company said Thursday. Read More…
In 1992, Ozzy Osbourne hit the road for his farewell “No More Tours” run. In 2019, there’s the sequel, “No More Tours II.” That would seem to contradict the whole “farewell” thing, but such is the way with rock ‘n’ roll. It’s become as predictable as the concert encore. Time and again, artists book “one final Read More…
Among the items United Technologies produces are Pratt & Whitney jet engines. Photo: Chris Ratcliffe/Bloomberg News By Dana Mattioli and Dana Mattioli The Wall Street Journal Biography @DanaMattioli dana.mattioli@wsj.com Thomas Gryta Thomas Gryta The Wall Street Journal Biography @tgryta Thomas.Gryta@wsj.com Updated Nov. 26, 2018 6:58 p.m. ET United Technologies Corp. UTX 0.20% has decided to Read More…
President Trump said he urged General Motors CEO Mary Barra to get back into Ohio, after the company announced Monday it plans to cut jobs and close several plants. Photo: AP By Mike Colias Mike Colias The Wall Street Journal Biography @MikeColias mike.colias@wsj.com Updated Nov. 26, 2018 3:11 pm ET General Motors Co. GM 2.03% Read More…
Dave Stephenson Photo: Olli Tumelius/Airbnb By Nina Trentmann Nina Trentmann The Wall Street Journal Biography @Nina_Trentmann nina.trentmann nina.trentmann@wsj.com Updated Nov. 26, 2018 4:29 pm ET Airbnb Inc. has hired another executive from Amazon.com Inc., this time naming Dave Stephenson as chief financial officer of the vacation-rental portal ahead of a potential initial public offering. Mr. Read More…
The unemployment rate in Raleigh, N.C., is below the national average. Above, runners in the city in April. Photo: Streeter Lecka/Getty Images for Rock ‘N’ Roll Marathon By Shayndi Raice Shayndi Raice The Wall Street Journal Biography @Shayndi www.facebook.com/shayndi Shayndi.Raice@wsj.com Nov. 24, 2018 8:00 am ET The New York and Washington regions were the big Read More…
‘The genesis of the trust crisis is the irresponsible handling of personal data by a few dominant consumer-facing platforms,’ Ginni Rometty said. Photo: Michael Short/Bloomberg News By Daniel Michaels Daniel Michaels The Wall Street Journal Biography @DanMichaelsWSJ Dan.Michaels@wsj.com Updated Nov. 26, 2018 3:31 pm ET BRUSSELS— International Business Machines Corp. Chief Executive Ginni Rometty attacked Read More…
Allianz flags at the insurer’s annual meeting in Munich in May. Photo: Sven Hoppe/DPA/Zuma Press By Chao Deng Chao Deng The Wall Street Journal Biography @chao_deng chao.deng@wsj.com Updated Nov. 26, 2018 9:31 pm ET BEIJING—In its latest move to show it is open for foreign businesses ahead of a summit with President Trump and other Read More…
Cui Tiankai, China’s ambassador to the U.S. Photo: chris kleponis/Agence France-Presse/Getty Images Nov. 26, 2018 5:32 am ET U.S.-China economic relations are at their lowest point since China joined the World Trade Organization in 2001. Each side has whacked each other with tariffs and other restrictions—with more perhaps on the way. At the end of Read More…
A researcher performs a CRISPR/Cas9 process, a gene-editing tool that is cheap, easy-to-use and powerful. Photo: Gregor Fischer/DPA/Zuma Press By Preetika Rana and Preetika Rana The Wall Street Journal Biography @Preetika_Rana preetika.rana@wsj.com Wenxin Fan Wenxin Fan The Wall Street Journal Biography @xinwenfan wenxin.fan@wsj.com Nov. 26, 2018 1:51 pm ET HONG KONG—A Chinese scientist claims to Read More…
A shop at the Grand Bazaar in Tehran in September. Members of the European Union are trying to establish a channel for payments to sustain trade with Iran. Photo: Vahid Salemi/Associated Press By Laurence Norman Laurence Norman The Wall Street Journal Biography @laurnorman laurence.norman@wsj.com Nov. 26, 2018 12:00 pm ET BRUSSELS—France and Germany have joined Read More…
Facebook has recruited Kate Patchen, a veteran of the U.S. Department of Justice who led its antitrust office in Silicon Valley, to be a director and associate general counsel of litigation. Patchen takes up her post amid ongoing scandals and reputation crises for her new employer, joining Facebook this month, according to her LinkedIn profile. The Read More…
Bitcoin and the broader cryptocurrency market plunged on Wednesday after the U.S. Securities and Exchange Commission delayed a decision on whether to approve a proposed bitcoin exchange-traded fund (ETF). The federal agency said it will continue deliberations on the bitcoin ETF, which, if approved, would be the first of its kind. The bitcoin ETF, which Read More…
Elon Musk’s lawyers are probably poring over rule 14e-8 of the Securities Exchange Act of 1934 right about now. That regulation is the one the Tesla CEO may or may not have violated when he sent the markets into a frenzy and halted trading in Tesla’s shares after nonchalantly tweeting Tuesday that he was thinking Read More…
A startup unicorn is joining the streaming-video fray. Media mogul Jeffrey Katzenberg has raised $1 billion for a new mobile streaming service he’s calling “NewTV,” CNN reports. Disney, Warner Bros, Entertainment One, and other major media firms have invested. Katzenberg recruited in January former eBay and HP CEO Meg Whitman to helm “NewTV.” The service Read More…
Apple shares are jumping Wednesday after a strong fiscal third-quarter report, trading more than 5 percent higher and inching the stock toward a $1 trillion market value. The stock hit the $200 mark in midmorning trading after opening at $199.13. Shareholders had previously been looking for a price of $203.45 to make Apple the first Read More…
Wendy’s had preliminary merger talks with Papa John’s before the company’s founder, John Schnatter, stepped down as chairman last week, a source familiar with the situation told CNBC. The talks cooled after Schnatter’s use of a racially charged slur led to his resignation. Schnatter still sits on Papa John’s board and has a nearly 30 Read More…
Amazon’s Prime Day again broke records this year, but the sales holiday also boosted sales across the broader U.S. e-commerce industry. According to Adobe Analytics data released this morning, larger retailers – meaning those with over a billion in annual revenue – saw a 54 percent increase in sales on Prime Day, compared with an Read More…
Tech-driven disruption in the insurance industry continues at pace, and we’re now entering a new phase — the adaptation of underlying business models. That’s leading to ongoing changes in the distribution segment of the industry, but more excitingly, we are starting to see movement in the fundamentals of insurance — policy creation, underwriting, and claims Read More…
Judge Kimberly Mueller on June 10, 2016 in the U.S. Eastern District Court of California found that John Duarte, a nursery operator and wheat farmer, plowed wetlands, four to six inches deep, and therefore violated the Clean Water Act (CWA). The Judge found Mr. Duarte, by chiseling a pasture, discharged fill material into a water Read More…
Venture capital-backed companies based out of California are usually recognizable. But what can get lost in the mix are the companies based throughout the rest of the country. VC research firm Pitchbook compiled every state’s most valuable VC-backed startup into an interactive graphic. READ THE FULL STORY.