Money

admin November 4, 2017

Warren Buffett’s Berkshire Hathaway Inc. said Friday that its third-quarter profit fell 43 percent because of a $1.4 billion insurance underwriting loss from Hurricanes Harvey, Irma and Maria and earthquakes in Mexico. The Omaha, Nebraska-based conglomerate owns Geico and several other insurers, including General Reinsurance. Berkshire said it earned $4.07 billion, or about $1.65 per […]

admin November 4, 2017

About 300 units of Apple‘s newly released iPhone X released were stolen from a San Francisco mall Wednesday, according to police. Officers from the San Francisco police department responded to a 911 call of a theft at Stonestown Galleria in San Francisco’s Lakeside neighborhood, police said in a release. The phones were stolen from a […]

admin November 3, 2017

U.S. job growth is expected to have soared in October in the aftermath of Hurricanes Harvey and Irma as hotels and restaurants in Florida and Texas reopened and rebuilding and repair work began. Economists have forecast that the government’s jobs report being released Friday morning will show that employers added 310,000 jobs last month, according […]

admin November 2, 2017

U.S. stocks are mixed Thursday as investors pore over House Republicans’ tax proposals as well as a disappointing round of company results. Smaller-companies are rising as investors anticipate those companies will get a tax cut, while homebuilders are down because the plan would reduce the amount of interest Americans can deduct on new mortgages. President […]

admin November 2, 2017

Asian stock markets were mostly lower on Thursday as investors awaited President Donald Trump’s announcement on his choice to lead the Federal Reserve. Some markets were pressured by investors locking in profits from recent gains. KEEPING SCORE: Tokyo’s Nikkei 225 bucked the trend in the region, gaining 0.5 percent to 22,539.12. South Korea’s Kospi fell […]

admin November 1, 2017

Stocks pushed higher around the world Wednesday, led by energy companies and raw-material producers. The Standard & Poor’s 500 index flirted with its record high, though it pared its gain as the day went on. KEEPING SCORE: The Standard & Poor’s 500 rose nearly 6 points, or 0.2 percent, to a shade above its record […]

admin November 1, 2017

Asian shares were higher Wednesday on optimism about global economic growth following gains on Wall Street. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 1.4 percent in morning trading to 22,324.64. Australia’s S&P/ASX 200 added 0.5 percent to 5,938.90. South Korea’s Kospi gained 1.1 percent to 2,551.12. Hong Kong’s Hang Seng rose 0.7 percent to 28,429.65, […]

admin October 31, 2017

The co-owner of a Fifth Avenue skyscraper controlled by the family of Jared Kushner said Tuesday that demolishing the tower to build luxury apartments is not practical and the building will likely remain as offices. The comments from Vornado Realty Trust CEO Steven Roth suggest that the biggest, most ambitious purchase in Jared Kushner’s career […]

admin October 31, 2017

Samsung Electronics said Tuesday three executives who have served for the South Korean company for more than two decades will replace three outgoing chief executives. The appointment announced in the middle of Samsung’s run of record-breaking blockbuster earnings shows it has opted for stability rather than a big shakeup at a time when its de […]

admin October 30, 2017

Jerome “Jay” Powell, a member of the Federal Reserve’s board, is President Donald Trump’s leading candidate to replace Janet Yellen as the head of the nation’s central bank, with an announcement planned for Thursday, according to senior administration officials. One senior official said Monday that the announcement is planned for Thursday. Another said Powell is […]

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