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Breaking News: Markets

Citigroup CEO Jane Fraser says low-income consumers are more cautious

by Adrian Jhonsan
Citigroup CEO Jane Fraser says low-income consumers are more cautious

Citigroup CEO Jane Fraser said Monday that consumer behavior has diverged as inflation for goods and services makes life harder for many Americans. Fraser, who leads one of the largest …

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Exxon says Chevron feud over Hess Guyana assets could drag into 2025

by Adrian Jhonsan
Exxon says Chevron feud over Hess Guyana assets could drag into 2025

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.  F. …

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Warren Buffett says AI scamming will be the next big ‘growth industry’

by Adrian Jhonsan
Warren Buffett says AI scamming will be the next big ‘growth industry’

Warren Buffett isn’t jumping on the artificial intelligence bandwagon just yet, warning about the technology’s potential for harm. “When you think about the potential for scamming people … if I …

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Chevron CEO says natural gas demand will outpace expectations

by Milton Acorn
Chevron CEO says natural gas demand will outpace expectations

Natural gas demand will likely outpace expectations as electricity consumption surges from artificial intelligence and data centers, Chevron CEO Mike Wirth told CNBC on Monday. “It’s a little hard to …

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Categories Science

Robinhood says SEC could pursue enforcement actions over crypto operations

by Adrian Jhonsan
Robinhood says SEC could pursue enforcement actions over crypto operations

Omar Marques | Lightrocket | Getty Images The Securities and Exchange Commission could soon pursue enforcement action against Robinhood, according to the trading firm. Robinhood disclosed in a filing Monday …

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Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion

by Adrian Jhonsan
Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears 0 billion

Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan | CNBC Berkshire Hathaway …

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Brent, WTI gain after last week’s losses

by Milton Acorn
Brent, WTI gain after last week’s losses

Palestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures …

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Categories Science

Previous mistakes shape my thinking on our latest stock gone wrong

by Adrian Jhonsan
Previous mistakes shape my thinking on our latest stock gone wrong

When you make a mistake in this business you can do one of two things: You can cut your losses and move on or you can stand your ground while …

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‘We lost quite a bit of money’

by Adrian Jhonsan
‘We lost quite a bit of money’

OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual …

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Warren Buffett says Berkshire Hathaway is looking at an investment in Canada

by Adrian Jhonsan
Warren Buffett says Berkshire Hathaway is looking at an investment in Canada

OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. “We do not feel uncomfortable in any shape or form putting our money into …

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Categories World
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