Warren Buffett now has more than $325 billion in cash after continuing to unload billions of dollars worth of Apple and Bank of America stock this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s various businesses without finding any major acquisitions. Berkshire said It sold more Apple shares … Read more
The joint owner of Chelsea Football Club has joined forces with one of his fellow board members to bid for the most valuable team in England cricket’s 100 competition. Todd Bohle is backing a bid led by Jonathan Goldstein, the British property tycoon, in a bid for a major stake in London Spirit, the Lords-based … Read more
For the first time ever, cryptocurrency can play a role in choosing the next one President of the United States. As cryptocurrencies become more mainstream, cryptocurrency investors have emerged as a major new voting bloc. Between 7% and 21% of Americans own cryptocurrencies — that’s 18 million on the low end, and about 50 million … Read more
UK markets steadied on Friday, offering some reassurance to Rachel Reeves as investors, policymakers and business continue to digest the scale and implications of her first Budget. Testified on Thursday An unusually large increase In the cost of UK government borrowing in response to the massive package of tax rises and increased borrowing. Yields on … Read more
The Business Secretary is due next week to hold talks with dozens of private sector bosses as the government faces a corporate backlash to Labour’s first financial event in nearly 15 years. Sky News has learned that executives have been invited to join a conference call on Monday with Jonathan Reynolds, in what will mark … Read more
The cost of government borrowing jumped, while UK stocks and the pound rose, as markets digested news of billions in borrowing and tax rises announced in the Budget. while There was no panicThere has been concern about the amount of borrowing and changes to the Chancellor Rachel ReevesWhich she imposed on herself Borrowing rules. When … Read more
About 60,000 cups were recalled from Wawa stores in eight states and the District of Columbia after their manufacturer received four reports of tearing injuries, according to a notice published by the U.S. Consumer Product Safety Commission on Thursday. The notice stated that the metal straws in the cups pose a risk of cutting consumers’ … Read more
First things first: Don’t panic. What you need to know is this. Budget It was not good in the financial markets. In fact, it has fallen as badly as any budget in recent years, with the exception of Liz Truss’s small budget. The pound is weaker. Government bond yields (basically the interest rate the Treasury … Read more
Reaction Engines, the British leader in supersonic aviation, has crashed into administration after weeks of talks with potential backers failed to produce a rescue deal. Sky News has learned that 173 of the company’s 208 staff were made redundant on Thursday morning by directors at PricewaterhouseCoopers (PwC). The collapse of the company that makes advanced … Read more
A New York woman has a beef with the Subway restaurant chain. When Anna Tolleson ordered a $6.99 steak and cheese sandwich this summer, she based her selection on photos of the product on the restaurant chain’s app, according to a complaint filed Monday in the U.S. District Court for the Eastern District of New … Read more