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Berkshire Hathaway enters post-Buffett era as shares drift lower
Jan 2 (Reuters) – Berkshire Hathaway’s post-Buffett era began quietly Friday, as shares slipped slightly after the “Oracle of Omaha” handed Greg Abel the top job following six decades at the helm. The world’s most famous conglomerate now must protect its record without its chief architect, who remade modern investing and transformed the company […]
Dollar climbs to start 2026 after biggest annual drop in eight years
LONDON, Jan 2 (Reuters) – The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between […]
Nvidia in talks to buy Israeli AI startup AI21 for $3B
JERUSALEM, Dec 30 (Reuters) – Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet’s Google […]
S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
NEW YORK, Dec 30 (Reuters) – The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by declines in technology and financial stocks, with financials also weighing on the Dow. Communication services shares were among the biggest gainers on the S&P 500, fueled […]
DOJ sues Virginia over in-state tuition for immigrants
The Justice Department sued Virginia over a law granting in-state tuition and aid to undocumented immigrants at public colleges.
Trump’s funding cuts put America’s consumer watchdog on the brink of collapse
WASHINGTON, Dec 30 (Reuters) – When Bianca Jones, a 33-year-old special education teacher in Memphis, Tennessee, decided a couple of years ago that she wanted to buy a house, she started digging into her Experian credit report. She was shocked by what she found. Her student debt had been double-counted, making it look as though […]
SoftBank completes $40B OpenAI investment
Dec 30 (Reuters) – SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son’s bet on AI. SoftBank has been building one of the largest private technology investment programs in the world, […]
US stocks end down as tech shares drop ahead of New Year
NEW YORK, Dec 29 (Reuters) – Wall Street‘s main indexes ended lower on Monday, kicking off the final week of the year on a softer note, as heavyweight technology stocks retreated from last week’s gains that had pushed the S&P 500 to record highs. The information technology sector weighed on the S&P 500, as most […]
Oil jumps 2% as investors weigh Ukraine talks against supply outlook
Oil prices climbed more than $1 as investors weighed Ukraine peace talks against potential supply disruptions in the Middle East.
Lululemon founder Chip Wilson launches proxy fight for board shakeup
Dec 29 (Reuters) – Lululemon Athletica’s founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the company’s board, days after the apparel maker announced the exit of CEO Calvin McDonald. Lululemon shares have shed nearly half their value this year as the company struggles to find […]
