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Less than three weeks before Warren Buffett hands the chief executive role at Berkshire Hathaway to Vice Chair Greg Abel, the conglomerate is implementing a series of management changes that signal a departure from its long-standing decentralized approach. Combs Leaves for JPMorgan Assignment Portfolio manager and GEICO chief executive Todd Combs, 54, will leave Berkshire […]
Santa Clara, Calif. — Nvidia’s dominance in artificial-intelligence hardware continues to strengthen, with the company posting record quarterly figures and maintaining the world’s largest market capitalization, now approaching $4.5 trillion. The chipmaker’s ascent has been powered by a near-1,500% share-price increase since its October 2022 low, a period in which demand for AI accelerators intensified […]
The major U.S. equity benchmarks finished last week mixed, with technology weakness overwhelming midweek momentum that had followed the Federal Reserve’s third interest-rate cut of the year. The S&P 500 slipped roughly 0.6% and the Nasdaq Composite retreated 1.6%, while the Dow Jones Industrial Average advanced 1%, marking its third straight weekly increase. Rotation Tempers December […]
Reddit Inc. (NYSE: RDDT) is expanding its revenue at a pace well above its rising user count, a trend that analysts say could support robust earnings growth for years to come. The social media company, which now reports 116 million daily active users, advanced its advertising revenue by 68 percent in the most recent quarter while users […]
The Powerball grand prize has risen to an estimated $1 billion for the drawing scheduled on Saturday, Dec. 13, offering players a cash option of $457.7 million. The jackpot reached this level after 41 drawings in a row failed to produce a top-prize winner, extending a streak that began in early September. Saturday’s drawing will […]
Two American soldiers and a U.S. civilian interpreter were killed on Saturday during an ambush in Palmyra, Syria, when an assailant believed to be affiliated with the self-proclaimed Islamic State opened fire on a U.S. patrol, according to Pentagon officials. The incident occurred while the soldiers were conducting a scheduled key-leader engagement as part of […]
Nearly 100,000 photographs turned over to the House Committee on Oversight and Accountability from the estate of convicted sex offender Jeffrey Epstein include images of former president Donald Trump, former president Bill Clinton, Microsoft co-founder Bill Gates, film director Woody Allen, former White House strategist Steve Bannon and other public figures, according to committee Democrats […]
Strategy, the former enterprise-software provider that has become one of the world’s largest corporate holders of bitcoin, could be removed from the Nasdaq 100 when the annual rebalancing of the benchmark is unveiled on Friday, 12 December 2025. Several analysts say uncertainty over how the company should be classified is placing its membership in doubt, […]
Former University of Michigan football coach Sherrone Moore is scheduled to appear in court on Friday to answer charges of home invasion and stalking. Local prosecutors filed the two felony counts earlier this week, leading the university to terminate his employment and prompting an immediate law-enforcement response. Authorities have not publicly released a detailed timeline […]
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Dame Hannah Rothschild says the family surname still “walks into the room before you do,” carrying privilege, scrutiny and obligations that have shaped her life and career. Speaking during a private banking event hosted by United Overseas Bank in Singapore on Nov. 19, the seventh-generation descendant outlined how she steers philanthropic projects, corporate interests and family […]
Best Buy Co., Inc. continues to refine its operating model as sales concentrate in key product categories and total real estate contracts. The consumer-electronics retailer posted fiscal 2025 revenue of $41.5 billion, with approximately 8% generated outside the United States. New data covering the third quarter of fiscal 2026 outline the company’s current store count, square […]