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Breaking News: Markets

Wharton’s Jeremy Siegel says Fed needs to make an emergency rate cut

by Adrian Jhonsan
Wharton’s Jeremy Siegel says Fed needs to make an emergency rate cut

Wharton’s Jeremey Siegel on Monday called on the Federal Reserve to make an emergency 75 basis points emergency cut in the federal funds rate after Friday’s disappointing jobs report. In …

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Categories World

Apple shares drop 7% after Warren Buffett’s Berkshire Hathaway slashes stake by half

by Adrian Jhonsan
Apple shares drop 7% after Warren Buffett’s Berkshire Hathaway slashes stake by half

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Warren Buffett sent shockwaves through …

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Categories World

Bitcoin briefly drops below $50,000 for the first time since February

by Ev Richard
Bitcoin briefly drops below ,000 for the first time since February

Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor  | Bloomberg | Getty …

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Categories Technology

stocks, data and earnings as volatility continues

by Adrian Jhonsan
stocks, data and earnings as volatility continues

A stock exchange in Germany. Torsten Silz | AFP | Getty Images LONDON — European stocks fell sharply at the start of Monday’s session, as global volatility continues amid concerns …

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Categories World

Nikkei sell-off, 1987 Black Monday crash

by Adrian Jhonsan
Nikkei sell-off, 1987 Black Monday crash

Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024.  Bloomberg | Bloomberg | Getty Images Japan stocks confirmed a bear market on Monday …

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Why pharmacy chains like Walgreens and CVS are shuttering locations

by Adrian Jhonsan
Why pharmacy chains like Walgreens and CVS are shuttering locations

In its fiscal third-quarter earnings report to investors in late June, pharmacy chain Walgreens announced plans to close a “significant” number of its 8,600 U.S. stores. CEO Tim Wentworth said …

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Categories World

Berkshire Hathaway earnings 2024 Q2

by Adrian Jhonsan
Berkshire Hathaway earnings 2024 Q2

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Berkshire Hathaway‘s cash pile …

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Categories World

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple

by Adrian Jhonsan
Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Warren Buffett’s Berkshire Hathaway …

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Categories World

How a shuttered power plant in Michigan could pave the way for more nuclear energy

by Milton Acorn
How a shuttered power plant in Michigan could pave the way for more nuclear energy

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | AP The Palisades Power Plant on the shores of Lake Michigan had become a piece of …

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Categories Science

Berkshire’s cash pile could top $200 billion as Buffett sells stock

by Adrian Jhonsan
Berkshire’s cash pile could top 0 billion as Buffett sells stock

Warren Buffett in Omaha, Nebraska, on May 3, 2024. David A. Grogan Berkshire Hathaway‘s highly scrutinized cash pile could top $200 billion — more than the entire annual gross domestic …

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Categories World
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