Berkshire Hathaway said Monday it has again boosted its stake in five Japanese trading companies that the conglomerate’s storied leader Warren Buffett purchased two years ago. Berkshire’s BRK.A, -0.46% BRK.B, -0.44% stakes in Mitsubishi Corp. 8058, +0.25%, Mitsui 8031, +0.31%, Itochu, 8001, -0.57% Marubeni 8002, +0.22% and Sumitomo …
Some of China’s biggest tech names fell on Monday, weighed by concerns the government may not provide enough stimulus with Goldman Sachs becoming the latest Wall Street bank to cut its growth forecasts for the world’s second-largest economy. Shares of video-sharing platform Bilibili Inc. 9626, -5.23% BABA, -0.11% slumped 5.2%…
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SVB Financial Group said Sunday it has reached an agreement to sell its investment banking division to a group led by the unit’s chief executive, Jeff Leerink, and backed by The Baupost Group. In a statement Sunday, SVB Financial said Leerick’s group was the top bidder for SVB Securities. A…
Intel Corp. plans to build a “huge and unprecedented” $25 billion advanced chip manufacturing plant in Israel, Prime Minister Benjamin Netanyahu announced Sunday. The agreement in principle would see a factory in Kiryat Gat open by 2027, according to a statement from Israel’s Finance Ministry. “This is the largest investment…
After becoming a mainstay for millions of Americans during tax season, the standard deduction’s rules and payout size are becoming a part of the brewing Capitol Hill debate over the future of the tax code.A new bill introduced by Republican lawmakers provides insight into what the tax code may look…
Sure, you can buy dad a bottle of his beloved booze for Father’s Day. But why stop there? For the big holiday, which falls on June 18 this year, enterprising wine and spirits makers are putting together all sorts of fun packages that combine a bottle with something else. It’s…
Financial markets in the U.S. will be closed Monday in observance of Juneteenth National Independence Day, or Juneteenth, a federal holiday honoring the 158th anniversary of the last enslaved Black Americans learning that they were free. Juneteenth has been around since the end of the civil war but is a relatively…
Pat Sajak is leaving his role as host of the game show “Wheel of Fortune” next year, more than 40 years after he started — a career feat not many people can say they’ve achieved. Sajak, 76, tweeted the news on Monday night. “Well, the time has come,” he wrote.…
Samantha and Michael Bahil had about $50,000 of car and student debt between them when they took out a $20,000 loan for their wedding.After the wedding, they wanted to buy a house but had no idea how. So, they got serious about paying off their debt.Now the fitness instructors are…