Buffett craves more Apple shares, endorses its buybacks

OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway Inc’s annual shareholder meeting, Buffett credited Apple with developing “extremely sticky” products to which consumers become attached and endorsed More...

by admin | Published 6 months ago
By admin On Saturday, May 5th, 2018
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Apple hits record high after Buffett's Berkshire increases stake

(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months More...

By admin On Friday, May 4th, 2018
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World stocks set for biggest weekly loss in a month, dollar climbs before U.S. payrolls

LONDON (Reuters) – World stocks were set for their biggest weekly loss since the middle of March on Friday, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the More...

By admin On Thursday, May 3rd, 2018
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Tesla faces angry Wall Street as CEO Musk snubs analysts on call

(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk’s refusal to take questions from analysts about the electric car maker’s financial condition drew sharp criticism from Wall Street analysts and More...

By admin On Wednesday, May 2nd, 2018
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Apple shares rise after sales quell iPhone worries

(Reuters) – Shares of Apple Inc (AAPL.O) rose 3 percent on Wednesday after the company’s quarterly report and current-quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales More...

By admin On Tuesday, May 1st, 2018
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U.S. factory activity slows further, tariff concerns grow

WASHINGTON (Reuters) – U.S. factory activity slowed for a second straight month in April, with manufacturers complaining about rising commodity prices in the wake of the Trump administration’s tariffs on More...

By admin On Monday, April 30th, 2018
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U.S. judge mulling compromise decision on AT&T-Time Warner deal

WASHINGTON (Reuters) – The judge who will decide if AT&T will be allowed to buy movie and TV show maker Time Warner indicated on Monday that he could be considering a decision that wasn’t a clear approval More...

By admin On Sunday, April 29th, 2018
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T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China

(Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $ 26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create More...

By admin On Saturday, April 28th, 2018
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Sainsbury's, Walmart's Asda to create UK supermarket powerhouse

LONDON (Reuters) – Sainsbury’s and Walmart’s Asda are in talks to create Britain’s biggest supermarket group, a combination which would surpass Tesco’s grocery market share and be worth up to 15 billion More...

By admin On Saturday, April 28th, 2018
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Canada stock markets, abruptly shut by technical issue, to resume on Monday

TORONTO (Reuters) – Canada’s stock market, the world’s sixth-largest, abruptly shut down on Friday after an outage cut market participants off the main exchanges but will resume trading on Monday after More...