GE in crisis mode as its stock suffers worst 8-day run since March 2009
Fitch follows Moody’s and S&P Global in cutting GE’s credit rating 2 notches, to just 3 notches above ‘junk’ Long-term investors in General Electric Co. may be feeling a bit of déjà vu, as the stock’s plunge and credit rating downgrades may feel similar to what happened at the depths of the financial crisis. GE’s […]
Warren Buffett’s Berkshire Hathaway repurchased $928 million of stock during the third quarter
The move implies that Buffett sees attractive places to invest his money Berkshire Hathaway Inc. repurchased $928 million of its stock in the third quarter, a rare move that indicates Chairman Warren Buffett sees a dearth of appealing investment options for his company’s large cash pile. Berkshire BRK.A, +0.01% BRK.B, +0.34% hasn’t made a major […]
Buffett’s Firm Quadruples 3Q Profit on Investment Gains
Warren Buffett’s company more than quadrupled its third-quarter profits because of a huge paper gain in the value of its investments, although its insurance and railroad businesses also improved. OMAHA, Neb. — Warren Buffett’s company more than quadrupled its third-quarter profits because of a huge paper gain in the value of its investments, although its […]
Fortis profit up
Fortis Inc. reported its profit edged down compared with a year ago, when it received a one-time boost as its revenue improved by seven per cent. The electric and gas utility says its profit attributable to common shareholders amounted to $276 million or 65 cents per diluted share for the quarter ended Sept. 30. The […]
Junk news dominates US midterms coverage on social media, study
Junk news is dominating coverage of US midterms on social media, a new study has found. One-quarter (25%) of news content people shared around US midterms has been junk. In spite of efforts by social media platforms to address the problem, junk news still dominates. Social media today is a platform for news consumption in […]
Trump emoluments case ruling opens way to financial records
Tax returns could be unearthed in Washington hotel suit DC attorney general salutes ‘major win in historic case’ A federal judge has denied the justice department’s efforts to halt legal proceedings in a case in which Donald Trump is accused of violating the US constitution, opening the door for the president’s critics to gain access […]