Markets

Billionaire Warren Buffett gives new hint about his successor

Billionaire Warren Buffett gives new hint about his successor Heinz, which Berkshire and Brazil's 3G Capital controlled. Mr Buffett said 3G's management, which is responsible for the day-to-day running of the food company, was doing well operationally. The stock is up 30 percent in 2019. Warren Buffett on Saturday rejected a frequent criticism that his Berkshire Hathaway Inc does not disclose enough about its more than 90, often large operating busin... [Full Article...]

Tesla announces United Kingdom prices for Model 3

Tesla announces United Kingdom prices for Model 3 Tesla's plan includes a $ 10 million stock purchase from CEO Elon Musk . On a call with investors earlier this month, Musk had been non-commital when asked about raising new capital for the company. Shares in the company have dropped 28% since the beginning of the year. The interest rate, conversion price and other terms of the notes are to be determined. [Full Article...]

Amazon Got a Place in Berkshire Hathaway's Portfolio

Amazon Got a Place in Berkshire Hathaway's Portfolio These results illustrate what Buffett has called the "wild and capricious" and, in his view, meaningless swings caused by an accounting rule requiring the reporting of unrealized stock gains with earnings, regardless of Berkshire's plans to sell. [Full Article...]

Berkshire steps into fight for Anadarko on Occidental’s side

Berkshire steps into fight for Anadarko on Occidental’s side As a result, Anadarko on Monday agreed to start talking to Occidental, saying its bid could potentially be superior to Chevron's existing deal to buy Anadarko for $33 billion in cash and stock. Anadarko Petroleum Corp. admitted Chevron's bid despite the fact that it had been in talks with Occidental for a while. The preferred stock will accrue dividends at 8% per annum (or with respect to d... [Full Article...]

Facebook Will Let You Talk To Friends Across Messenger, Instagram, And WhatsApp

Facebook Will Let You Talk To Friends Across Messenger, Instagram, And WhatsApp Facebook unveiled a redesigned mobile app and website at its annual F8 conference for developers, while CEO Mark Zuckerberg said in a keynote presentation that "the future is private" to address concerns about the company's data-sharing practices. [Full Article...]

Pompeo, Lavrov trade accusations on Venezuela in phone call

Pompeo, Lavrov trade accusations on Venezuela in phone call Venezuela's UN Ambassador Samuel Moncada rejected Bolton's remarks as "propaganda". Flight tracking service FlightRadar24 on Tuesday evening showed some flights between South America and Europe were crossing Venezuelan airspace, but at altitudes above 26,000 feet. [Full Article...]

India is one of YouTube's fastest growing markets: Google CEO Sundar Pichai

India is one of YouTube's fastest growing markets: Google CEO Sundar Pichai Of this year's revenue, 84.5% came from advertising whereas it accounted for 85.5% last year. Major competitors for ad spending such as Facebook Inc, Snap Inc, Amazon.com Inc and Twitter Inc all reported last week quarterly revenue above or in line with analysts' expectations. [Full Article...]

Microsoft crosses $1 trillion market cap after impressive Q3 earnings

Microsoft crosses $1 trillion market cap after impressive Q3 earnings The deals reflect Chief Executive Officer Satya Nadella's efforts to draw some customers away from cloud market leader Amazon .com Inc. and ink more significant clients. Microsoft and AWS are in the last stages of competing for a $10 billion Department of Defense contract, known as JEDI, after IBM and Oracle were recently ruled out. [Full Article...]

Tesla's Elon Musk and the SEC have reached an agreement, report says

Tesla's Elon Musk and the SEC have reached an agreement, report says The terms of the agreement , filed in federal court in the Southern District of NY, dictate that Musk is required to seek legal counsel before posting any public statements, including tweets, regarding the electric vehicle company's finances and business operations that could impact investors' views of the company. [Full Article...]

Facebook +5% as revenue beats in Q1 marked by legal expense

Facebook +5% as revenue beats in Q1 marked by legal expense Just like the social network's users, it seems its shareholders are a forgiving lot and the company's share price rose 8.3pc to $197.84 after the market closed. Setting aside between $3bn and $5bn will hurt Facebook's shareholders because it means recorded earnings per share of $0.85 compared to what would have been $1.89 per share. [Full Article...]

Nazanin Zaghari-Ratcliffe: Iran offers to send Brit home in prison swap

Nazanin Zaghari-Ratcliffe: Iran offers to send Brit home in prison swap The normal energy cooperation under the global law between Iran and other members of the worldwide community, China included, is legitimate and lawful; thus it must be respected and protected... prosecutors said she sought USA digital communications technology by presenting herself as an employee of a Malaysian company. Three other Americans are known to be held in Iran. [Full Article...]

Tesla says robotaxis coming to United States roads next year

Tesla says robotaxis coming to United States roads next year These statements from Consumer Reports and PAVE come shortly after Elon Musk's comments at an investors conference this week, in which the CEO stated that he thinks it would be "crazy" to buy any vehicle but a Tesla: "The fundamental message that consumers should be taking today, it is financially insane to buy anything other than a Tesla". [Full Article...]

Tesla says investigating incident of parked vehicle exploding in Shanghai

Tesla says investigating incident of parked vehicle exploding in Shanghai The user tweeted "Good or bad, negative or positive I will post anything about Tesla or EVs in China". Vehicles parked next to the Tesla were also damaged in the fire, the news website reported. People have been having a lot of fun with Teslas lately. At present all Tesla cars sold in China are imported from the U.S., and are subject to heavy tariffs as part of the simmering trade war between th... [Full Article...]

United States to sanction nations for importing Iranian oil

United States to sanction nations for importing Iranian oil U.S. President Donald Trump's administration re-imposed sanctions on Iranian oil exports in November after Washington pulled out of the 2015 Iran nuclear deal including five other countries. The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it granted to some importers of Iranian oil late past year. [Full Article...]

Eggs-tra special fun planned at Easter Fair

Eggs-tra special fun planned at Easter Fair Check out one of these Easter events in Richmond! Kids can enjoy an Easter egg hunt in the heritage gardens. There are three egg hunts for under-10s this year. The 59th Annual Easter Egg Hunt was over just minutes after it started Saturday morning at McElroy Park in Jamestown. Cost is $3 per child at the door. [Full Article...]

Amazon plans to shut down its e-commerce business in China

Amazon plans to shut down its e-commerce business in China The rumour that this might happen first started circulating when Reuters reported that Amazon was eyeing more lucrative businesses, such as imported goods and cloud services. Bloomberg called the move the latest sign that Amazon, due to the difficulty competing with Chinese rivals, would focus its overseas attention on India's growing market. [Full Article...]

United Kingdom retail sales surge as consumers ignore Brexit and keep shopping

United Kingdom retail sales surge as consumers ignore Brexit and keep shopping Retail sales volumes surged by the most in almost two-and-a-half years in annual terms, leaping by 6.7 percent, the Office for National Statistics said. This uptick in spending is also made all the more impressive by the heightened Brexit uncertainty that hung over consumers last month, with shoppers still apparently willing despite the apparent threat of the United Kingdom crashing out of the EU. [Full Article...]

Edited version of Russian Federation probe report to be released

Edited version of Russian Federation probe report to be released Democrats on the House Judiciary Committee plan to subpoena the Department of Justice as early as Friday for all of special counsel Robert Mueller's findings throughout his almost two-year investigation into foreign interference in the 2016 presidential election, multiple news outlets reported , as they brace for a lengthy legal battle against President Donald Trump's administration for acces... [Full Article...]

Jet Airways temporarily shuts down operations

Jet Airways temporarily shuts down operations The airline has put out a statement that it is compelled to cancel all its global and domestic flights. The cash-strapped airline , once ranked the biggest in the market, will be flying its last flight on Wednesday night after it failed to secure a bailout. [Full Article...]

Netflix reports record subscriber growth, welcomes Apple & Disney

Netflix reports record subscriber growth, welcomes Apple & Disney Investing.com, senior analyst Haris Anwar, said investors are nervous because there are indications of a slowdown in the Q1 subscriber growth. But shares fell after the United States giant it said it expected to add fewer subscribers - around 5 million- in the second quarter. [Full Article...]


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