Posts with tag: innovation
Berkshire Hathaway shed 4,000 jobs despite record operating profit. The conglomerate's employment dropped to 392,000 from 396,440. Job cuts were made to address changing markets and business priorities, such as Geico's 7,700 job cuts due to underwriting losses and Precision Castparts' 13,400 job cuts due to the pandemic.
Published on: January 31, 2025, 08:04 PM UTC
Gold prices surge as trade tensions escalate; Goldman Sachs sees potential for $3,000 per ounce in Q2 2026.
Published on: January 31, 2025, 08:01 PM UTC
Havana Club Rum perseveres amidst Cuba's sugar crisis and US sanctions, maintaining export success with contingencies and a focus on the Chinese market.
Published on: January 31, 2025, 08:00 PM UTC
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Published on: January 31, 2025, 08:00 PM UTC
US stocks rose on Friday, lifted by solid earnings from Apple, while a key inflation gauge aligned with expectations. Despite looming tariff concerns, investors remained upbeat, putting the major gauges on track for monthly gains. Tech-heavy Nasdaq jumped 1.3%, S&P 500 gained 0.7%, and Dow Jones added 0.1%, building on Thursday's rally.
Published on: January 31, 2025, 07:02 PM UTC
Uncertainty over tariffs puts markets on edge as Trump's deadline approaches. Experts predict potential impact on inflation and Federal Reserve's rate plans. Read more for in-depth analysis.
Published on: January 31, 2025, 07:02 PM UTC
Gold futures rise to new records as Goldman Sachs analysts reiterate bullish call on precious metal, citing looming US tariffs against Mexico and Canada.
Published on: January 31, 2025, 07:01 PM UTC
Thousands of Costco workers in six states prepare for a strike as union negotiations continue
Published on: January 31, 2025, 07:00 PM UTC
Tether, the leading stablecoin issuer, reports a staggering $13 billion profit in 2022, surpassing major investment banks in profitability. Despite concerns about transparency, Tether claims it has over $7 billion in excess reserves and has shifted its corporate entity to El Salvador.
Published on: January 31, 2025, 06:04 PM UTC
Ford CEO Jim Farley believes the company is set up to withstand possible tariffs due to its large US manufacturing footprint. He also discusses Ford's EV plans and the potential impact of policy changes on the auto industry.
Published on: January 31, 2025, 06:03 PM UTC