Warren Buffett’s Berkshire Hathaway to Purchase an Insurer for $11.6 Billion
Warren Buffett’s Berkshire Hathaway has reached an agreement to putchase insurer Alleghany for $11.6 billion.
Warren Buffett’s Berkshire Hathaway has reached an agreement to putchase insurer Alleghany for $11.6 billion.
Andy Warhol’s painting Marilyn Monroe is going up for auction at Christie’s Auction House in May for at least $200 million.
The Securities and Exchange Commission to propose new requirements that would potentially hold companies accountable if they pollute the environment. It would require publicly traded companies to report information on…
Nielsen Holdings saw their shares drop over 10% in premarket trading after they announced they would not proceed with a takeover bid valued over $25 billion.
A national recall has gone out for Wal-mart’s Great Value Buttermilk Pancake and Waffle Mix for possible contamination from foreign matter. The mix might contain fragments of cable used to…
Atlanta, GA: Georgia Governor Brian Kemp signed a bill that temporarily suspended the state’s gas tax to help give relief to people suffering from high gas prices.
Stocks had a good week with the Dow Jones Industrials Average rising 5.5%, the Nasdaq rising 8.2% and the S&P 500 rising 6.1%
Most medical debts are to be removed from people’s credit reports.
Fed-Ex announced that their revenue had risen 10% in their third fiscal quarter, as higher shipping rates made up for fewer shipping packages.
Moderna has asked the FDA to authorize a second booster of their Covid-19 vaccine for all adults.
Washington, DC: The United States House of Representatives passed a bill (424-8) to stop normal trade relations with Russia and Belarus following the Russian invasion of Ukraine.
Amazaon has closed the $8.5 deal to purchase MGM movie studios. This happened 2 days after European regulators approved the deal and said the deal “would not significantly reduce competition…
The mortgage rates soared above 4% for the first time.
London, EN: The Bank of England has increased the key rate for a third time. The Bank said new price pressures from the Russian invasion are to blame.
Brazil’s central bank has raised its benchmark interest rate to 11.75%, which is Brazil’s highest level since 2017.
Washington, DC: A United States panel approved Jerome Powell’s renomination for Fed Chairman. The panel also federal governor Lael Brainard, the Biden Administration’s nominee to serve as the central bank’s…
Walmart announced plans to hire almost 50,000 workers by the end of April.
With the news of a possible takeover, Kohl’s shares soared 17%.
Washington, DC: The Federal Reserve raised a key interest rate by a quarter point. They also said that they may raise it 6 more times this year as it tries…
Private equity firm, Sycamore and Canada’s Hudson Bay are planning a takeover bid of Kohl’s department stores that could reach $9 billion in value.
Washington, D.C.: President Joe Biden’s nominee to be the next Fed Chairman has withdrew her nomination. Sarah Bloom Raskin withdrew from being the most powerful baking regulator because Comgressmen from…
Oil prices dropped below $100 a barrel.
New Chinese virus cases are soaring and it has increased the threat of trade disruptions. Chinese authorities have said China has tightened anti-virus controls at their ports.
12:58 AM: The United States are rushing more weapons and munitions to Ukraine as Russia has escalated their attacks. 4:12 AM: Secretary of State Antony Blinken has publicly questioned whether…
Fitbit recalled almost 1 million Ionic Smartwatches due to a potential fire hazard.