Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The…
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Business
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BusinessEditor's Pick
Mortgage rates plunge to the lowest level in over a year after weak employment report
The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That…
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BusinessEditor's Pick
U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown
The U.S. unemployment rate rose to 4.3% in July and hiring slowed, adding to signs of a broader downturn in…
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Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught…
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Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social.…
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Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering,…
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BusinessEditor's Pick
Federal judge overturns $4.7 billion jury verdict in ‘Sunday Ticket’ lawsuit, ruling for NFL
LOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday…
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BusinessEditor's Pick
Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken
Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The…
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BusinessEditor's Pick
Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’
If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are…
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BusinessEditor's Pick
Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround
WOODLAND PARK, N.J. — Kohl’s is thinking small to rev up its sales. The retailer is opening Babies R Us shops in…