Berkshire Hathaway boosted stake in Alphabet, homebuilders in the second quarter Berkshire Hathaway is increasing its stake in Google’s parent company, Alphabet. It is also boosting its holdings in homebuilders. The company also continued to pare its stake in financial companies and a number of othe
Aug 15 (Reuters) – Nvidia is in talks to invest as much as $3 billion in SB Energy, a subsidiary of SoftBank Group and developer of a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions. The investment is being discus
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
Aug 15 (Reuters) – Prediction market operator Kalshi accused Nevada’s gaming regulator of violating federal law in a statement on Saturday after it sought daily penalties of $120,000 a day over the firm’s alleged failure to comply with a geofencing order. • Board investigators successfully placed ni
NEW YORK (AP) — Wall Street will get financial updates from some of the nation’s biggest retailers this week, along with more details from the Federal Reserve’s most recent meeting. Home Depot reports its latest results on Tuesday, followed by Target and Lowes on Wednesday, and then Walmart on Thurs
Iran said Qatar was holding three of its pilots who had been missing since March, which Qatar denied. The United Arab Emirates accused Iran of again attacking one of its vessels in the Strait of Hormuz. The Iran-backed Houthis again struck a Red Sea port in Yemen. And in southern Lebanon, 11 people
By Arpan Chaturvedi and Dhwani Pandya MUMBAI, Aug 15 (Reuters) – Maharashtra state’s food safety chief has intensified a crackdown on the food and grocery industries, suspending the permits of 12 warehouses of Indian grocery giants Eternal, Swiggy and Zepto after finding cockroach infestations and o
By Nupur Anand and Manya Saini NEW YORK, Aug 14 (Reuters) – JPMorgan Chase terminated its banking relationship with prediction market platform Polymarket in October of last year, citing regulatory concerns, a person familiar with the matter said on Friday. The source spoke on the condition of anonym
ANNAPOLIS, Md. (AP) — A Maryland state tax court has struck down the state’s first-in-the-nation tax on digital advertising and ordered state officials to repay the tax money already collected from big tech firms. The Maryland Tax Court said the tax violates the federal Internet Tax Freedom Act as w
NEW YORK (AP) — A civil rights agency accused of halting a sexual harassment case filed on behalf of female prison guards is now blaming an administrative judge for doing so in error. A labor union and two female prison guards sued the Equal Employment Opportunity Commission, which enforces employme
A potential disaster was averted Friday when a Phoenix air traffic controller recognized two American Airlines jets mistakenly were flying the same flight number and acted quickly to avoid confusion and keep them a safe distance apart. Audio of the incident shortly after midnight Friday shows how he
By Suzanne McGee, Akash Sriram and Anirban Sen PROVIDENCE, Rhode Island, Aug 14 (Reuters) – Institutional investors pulled back slightly from key stock market segments such as semiconductors, AI infrastructure and megacap technology companies during the second quarter, with few big bets in either di
By Anirban Sen NEW YORK, Aug 14 (Reuters) – Jane Street took a $15 billion hit in July from its exposure to AI-focused hedge fund Situational Awareness and other tech stocks that were battered by the market selloff, according to two people familiar with the matter and a note seen by Reuters. The sec
By Jonathan Stempel Aug 14 (Reuters) – Berkshire Hathaway said on Friday it boosted the size of its investment in Alphabet by 83% in the second quarter, making the parent of Google and YouTube its third-largest stock holding. Berkshire said in a regulatory filing that it owned nearly 106 million Alp
By Mike Stone WASHINGTON, Aug 14 (Reuters) – Shares of South Korea’s Hanwha Group and Italy’s Fincantieri rose on Friday after President Donald Trump’s directive opening U.S. Navy shipbuilding to overseas yards. The companies have the largest U.S. shipyard footprints. Hanwha Ocean Co stock climbed 5
Aug 14 (Reuters) – Jana Partners cut its stake in payments company Fiserv by roughly 17% in the second quarter, a regulatory filing with the U.S. Securities and Exchange Commission showed on Friday. In late July, the activist investor ratcheted up pressure on the company, pushing it to launch a form
SAO PAULO (AP) — Brazilian President Luiz Inácio Lula da Silva said Friday his government has triggered an economic reciprocity law mechanism against U.S.-imposed tariffs, saying the move was intended to show his nation must be respected. In July, U.S. President Donald Trump imposed tariffs on hundr
By Pritam Biswas Aug 14 (Reuters) – The U.S. Securities and Exchange Commission proposed easing regulations that bar investment advisers from managing public pension funds after making political contributions to state and local officials. The regulator on Wednesday submitted the proposal to the Whit
By Kalea Hall DETROIT, Aug 14 (Reuters) – Unifor, the union representing Detroit Three autoworkers in Canada, said this week it received a notification from Stellantis that it is considering the sale of its Brampton, Ontario, plant. Brampton was closed for retooling in 2024. It was set to reopen in
LIVERPOOL, England (AP) — A consortium containing Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin is buying a minority stake in Premier League club Liverpool, the English soccer giant said on Friday. Club owner Fenway Sports Group (FSG) said in a statement it entered into a “defini
PARIS (AP) — A top court in France on Friday struck down a law banning children under 15 from using social media, saying it infringes on fundamental freedoms. The Constitutional Council ruled that provisions in the ban “disproportionately infringe freedom of expression and communication” and haven’t
LONDON (AP) — A passenger train derailed near London on Friday, British Transport Police said, the second derailment in two days after two people were seriously injured when another train came off the tracks on Thursday. Police said officers, paramedics and firefighters were at the scene near Wickfo
By Marcela Ayres BRASILIA, Aug 14 (Reuters) – Brazil’s largest lenders are growing more cautious on credit, continuing a shift toward secured products and higher-income borrowers amid signs of a household debt crisis despite a strong labor market and an economy that is outperforming expectations. Ba
By Rashika Singh Aug 14 (Reuters) – Silver Lake’s potential Workday buyout could bolster battered software valuations by showing that private equity remains confident in the industry’s prospects despite fears of AI disruption, analysts and investors said on Friday. Shares of the human-resources and
WASHINGTON, Aug 14 (Reuters) – U.S. business inventories were unchanged in June as an increase in stocks at wholesalers was offset by a decline at retailers, reflecting strong domestic demand in the second quarter. The flat reading in inventories followed a 0.4% rise in May, the Commerce Department’
By Julia Payne and Kate Abnett BRUSSELS, Aug 14 (Reuters) – The United States urged the European Union on Friday to ease its laws putting responsibility on large firms for the environmental and social impact of their global supply chains, arguing the bloc had pledged such measures would not hamper E
WASHINGTON, Aug 14 (Reuters) – U.S. consumer sentiment slumped in early August amid worries about the rising cost of living because of the conflict in the Middle East, a survey showed on Friday. The University of Michigan’s Surveys of Consumers said its Consumer Sentiment Index dropped to 51.0 this
By Dan Catchpole SEATTLE, Aug 14 (Reuters) – Boeing’s announcement this week that it is selling Wisk Aero is less a signal of a broader breakup than an effort to shed a struggling, non-core air taxi business that had become a distraction from the aerospace giant’s turnaround efforts, analysts said.
By Lucia Mutikani WASHINGTON, Aug 14 (Reuters) – U.S. retail sales fell in July for the first time in nine months as the boost from big tax refunds faded, suggesting a marked slowdown in consumer spending at the start of the third quarter. The unexpected decline in retail sales reported by the Comme
Aug 14 (Reuters) – U.S. equity funds attracted inflows in the week through August 12, as a softer-than-expected payrolls report and benign inflation data tempered expectations of a Federal Reserve rate hike, boosting appetite for risk assets. Investors purchased a net $2.58 billion in U.S. equity fu
