Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend. Berkshire’s Class A and B shares jumped more than 1.5%, each. Class A shares are … Read more
View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China is still a critical trading partner for many countries across the world, and the often-used narrative of the superpower being delinked from the global economy is overdone, says the Manila-headquartered Asian Development Bank. “China’s still probably the number one trading … Read more
The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The artificial intelligence boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year to date. The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists’ forecasts. Hotter-than-expected inflation data … Read more
An Alberta country music star is criticizing the province’s energy minister for advising its energy regulator to accept initial applications for a coal mine project in the eastern slopes of the Rocky Mountains in southern Alberta. Corb Lund says that after meeting with Energy Minister Brian Jean, he doesn’t believe the minister knows enough about … Read more
Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels. The Omaha-based conglomerate posted operating earnings … Read more
Here are the most important news items that investors need to start their trading day: 1. Rocketing to records 2. To the moon As the new space race rolls on, Thursday brought another historic moment to the final frontier. Intuitive Machines became the first company to land on the moon when its IM-1 mission touched … Read more
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent nearly a year crossing the U.S. and globe with her high-flying “Eras” tour. … Read more
Joachim Nagel, president of Deutsche Bundesbank, during the central bank’s “Annual Report 2023” news conference in Frankfurt, Germany, on Friday, Feb. 23, 2024. Bloomberg | Bloomberg | Getty Images Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the … Read more
First-time homebuyers will get a tax break, while speculators are being targeted in new housing initiatives unveiled in B.C.’s 2024 budget. The tax programs come along with new money earmarked for the province’s BC Builds program intended to spur the construction of new rental housing. The initiatives come with the NDP government claiming 78,000 homes … Read more
A construction site with new apartments in newly built apartment buildings. Patrick Pleul | Picture Alliance | Getty Images Germany’s housebuilding sector has gone from bad to worse in recent months. Economic data is painting a concerning picture, and industry leaders appear uneasy. “The housebuilding sector is, I would say, a little bit in a … Read more
