Berkshire Hathaway, led by the legendary investor Warren Buffett, has recently reported a significant surge in its third-quarter operating earnings. The conglomerate’s operating earnings, which include profits from its diverse range of businesses such as insurance, railroads, and utilities, amounted to an impressive $10.761 billion. This reflects a remarkable increase of 40.6% compared to the
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In a stunning turn of events, a jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. This verdict marks the end of a high-profile trial that captivated the cryptocurrency world. Bankman-Fried, the successful entrepreneur and founder of FTX, now faces a maximum sentence of 115 years in prison. A Fall from
Apple recently released its fourth fiscal quarter earnings report, showcasing mixed results that exceeded analyst expectations in certain areas while revealing declining overall sales. The tech giant reported a 16% growth in its online services division, compensating for weak hardware sales. While iPhone sales performed well, other hardware businesses, such as the iPad and Mac
China has recently shown its support for property developers and efforts to resolve local government debt issues during a high-level financial meeting that concluded on Tuesday, according to a state media report. This significant financial work conference is conducted twice a decade and serves as a platform to establish long-term policy directions, which will subsequently
Australia’s Trade Minister, Don Farrell, has expressed the country’s intention to diversify its trading relationship with China while maintaining the current level of trade flows. In a recent interview with CNBC, Farrell emphasized the importance of stabilizing the relationship with China while also exploring opportunities to expand trade with other countries, particularly those with which
The 10-year government bond yields in Japan have started creeping closer to an 11-year high as the Bank of Japan (BOJ) commences its two-day monetary policy meeting. These rising yields have significant implications for the Japanese economy and could impact various sectors, including retail sales and tech companies. This article examines the current situation and
The ongoing conflict between Russia and Ukraine has once again reached a critical point, with both sides exchanging attacks and engaging in escalated military maneuvers. The recent events, which include the shooting down of Ukrainian drones by Russian air defense systems and the fire at an oil refinery in the Krasnodar region, have heightened tensions
Ukrainian President Volodymyr Zelenskyy finds himself in a challenging position as he seeks to capture the attention and support of the international community. Despite the ongoing war with Russia since February 2022, Zelenskyy’s plea for political, economic, and military aid may fall on deaf ears. The recent focus on the Israel-Hamas conflict during the European
The stock market took a deep dive last week as the S&P 500 entered correction territory. With all three major averages experiencing significant losses, investors are growing increasingly concerned about the state of the economy. Both the Dow and S&P 500 fell by 2.1% and 2.5%, respectively, over the course of the week. The Nasdaq
Meta, despite being banned in China, has managed to achieve significant growth in the country’s ad market. In the third quarter earnings report, Meta reported a 23% increase in sales compared to the previous year. This growth rate surpasses that of smaller rivals such as Snap and X (formerly known as Twitter). Susan Li, Meta’s