In this article SBUX AAPL 9987-HK EL DD Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING — Several international corporations warned
Finance
The Federal Reserve on Wednesday raised its benchmark interest rate by half a percentage point as the most aggressive step yet in its battle against generational highs in inflation. Along with the move higher in rates, the central bank indicated it will begin reducing asset holdings on its $9 trillion balance sheet. The Fed had
The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market,
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight. “You can’t think of a
In this article BABA Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Alibaba’s Hong Kong-listed shares were about 1% lower Tuesday — after earlier falling more than 9% —following unconfirmed rumors that linked the company’s founder Jack Ma to a national security investigation. Chinese state media reported earlier in the morning that
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips
In this article BRK.A Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022. CNBC Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter. Berkshire Hathaway’s Chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures were flat during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures contracts tied to the Dow
In this article BRK.A CVX Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron
In this article BRK.A Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways. In March, the Federal Reserve’s preferred inflation gauge rose 5.2%, and the central bank is starting to raise interest rates, trying to thread the needle between