Finance

'I blew it': Warren Buffett laments missing out on Google

The first question he faced at the annual meeting was about the bank. Warren Buffett blames the fraud scandal at Wells Fargo on a case of misplaced incentives, compounded by the "huge, huge error" o...

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Buffett pans Wells Fargo's 'huge error,' admits missing on Google

On the methane emissions proposal from shareholder Marcia Sage, Berkshire said its gas pipeline and other units have already taken steps to reduce emissions, and that a separate report was unnecessary...

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Berkshire Hathaway annual meeting

He and Berkshire Vice Chairman Charles Munger noted that they avoided technology investments for most of their careers because, they said, it was too hard to figure out which companies would win. "We ...

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Trump's First Foreign Trip As President Is Later Than Anyone Since LBJ

Gas up Air Force One, President Trump is taking his first foreign trip since taking office. First lady Melania Trump will "will accompany her husband for the entire trip", an East Wing spokeswoman...

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US unemployment hits lowest rate in a decade

Experts expect the unemployment rate to hold steady at 4.5% - its lowest point in a decade. The US central bank raised its overnight interest rate by a quarter of a percentage point in March and ...

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Free Comic Book Day events a hit with area comics fans

Free Comic Book Day events a hit with area comics fans

Comic books were available for all ages and the free distribution lasted all day. "Publishers got together for the annual initiative and created special editions of books". It was founded on the b...

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Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

Buffett said. "So medical costs are the tapeworm of American economic competitiveness", he said. Even the Oracle of Omaha admitted he's made mistakes. Still, Buffett is uncomfortable with keeping so...

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ADB hoping US will step up and help lead regional lender

ADB hoping US will step up and help lead regional lender

During his three-day official visit to Japan to participate in the Annual Meeting of the Board of Governors of Asian Development Bank (ADB), Jaitley and Aso noted the growing synergy between India a...

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I don't take criticism too personally - Arsenal boss Arsene Wenger

Wenger uses a much less confrontational style with his players - but insisted that he's had a few choice words to say to Ozil at times as well. Yet Souness argues the Frenchman's early triumphs at ...

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Google CEO Sundar Pichai doubled his pay past year to $200 million

Alphabet beat the expectations of Wall Street analysts. FBN Securities decreased their target price on Alphabet from $1,050.00 to $1,025.00 and set an "outperform" rating for the company in a r...

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Pentagon cools North Korea, China rhetoric

Pentagon cools North Korea, China rhetoric

Tillerson's first meeting with all members of the 10-nation Association of Southeast Asian Nations will also address China's pursuit of territory in the South China Sea. Analysts say this reflects c...

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CEOs Want Tax Reform While the Rest of America Remains Lukewarm

CEOs Want Tax Reform While the Rest of America Remains Lukewarm

By nearly doubling the standard deduction from $12,700 to $24,000, it is estimated that more than 80 percent of taxpayers, compared with 69 percent now, will no longer need to itemize their deductions...

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Republicans put their careers on the line for the wrong bill

Republicans put their careers on the line for the wrong bill

Democrats say that the House's passage of the bill was a career-ender for almost two dozen GOP members, a suspicion reflected by non-partisan groups. No Democrats voted for the bill and 20 Republica...

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US jobs report points to a healthy drop in underemployment

Employers added a downwardly revised 79,000 jobs that month, compared with an initial estimate of a 98,000 increase. Oil and gas extraction added 1,000, while non-oil & gas mining added 1,100. There...

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Dollar gains as Fed stays on track for gradual rate hikes

Investors next foresee an interest rate rise in June, according to Fed futures data compiled by the CME Group. Fed officials acknowledged slower-than-expected growth during the first three months ...

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Energy shares lead world stock losses on volatile oil price

Crude prices are now back to levels last seen before the Organization of the Petroleum Exporting Countries (OPEC) and other producers said they would cut output by nearly 1.8 million barrels per day...

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Donald Trump signs spending bill to keep USA government going until September

His comment is attracting attention because Australia offers universal health care, which Republicans oppose. If the bill were to become law in it's current form, or anything close to it, there's a ...

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New scrutiny of timeline after Arkansas executes 4th inmate

New scrutiny of timeline after Arkansas executes 4th inmate

A few states have used Midazolam as the first drug in the series of the three-drug execution. On Thursday night, the state conducted its fourth and final execution by lethal injection of eight Death...

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Jared Kushner's Sister Woos China's 'Golden Visa' Investors

In a presentation Saturday in Beijing, representatives from the Kushner family business urged Chinese citizens to consider investing in New Jersey real estate. The fact that some use it to move their ...

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Trump agrees not to terminate NAFTA

Trump agrees not to terminate NAFTA

But some Mexican officials say they believe Trump's tough talk is mere bluster . "There is talk about what steps we can take to start the process of renegotiating or withdrawing from NAFTA", this sou...

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At annual meeting, Warren Buffett blasts Wells Fargo for ignoring sales abuses

At annual meeting, Warren Buffett blasts Wells Fargo for ignoring sales abuses

At the same time, Buffett said health care costs, which in recent decades have risen much more in the U.S.as a percentage of the economy than in other countries, put the nation at a competitive disa...

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Trump admin loosens rules on school lunches

For starters, schools can now serve chocolate or strawberry flavored milk with 1 percent fat instead of nonfat milk . The changes affect the 2010 legislation spearheaded by Obama, the "Healthy,...

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Monaco take step closer to French title

Monaco take step closer to French title

Nancy's French defender Joffrey Cuffaut (L) and Nancy's French defender Julien Cétout (C) vie for the ball with Monaco's French midfielder Fabinho during the French Ligue1 football match between Nan...

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English losing importance in Europe: EU chief

UK Brexit Secretary David Davis accused the European Commission of "trying to bully the British people". "When we have a British government immediately after the United Kingdom election, we'll be ve...

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After United, it's Delta: couple with child kicked off flight

Thereafter, they had been threatened with jail after they had refused to offer their son's seat on a crowded flight. "He has to sit in your arms the whole time". Schear then suggests that his wife cou...

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House Health Care Bill Heads for Senate

House Health Care Bill Heads for Senate

Dear Mr. Premack: I tried to read the bill the House of Representatives passed to repeal of the Affordable Care Act (Obamacare) at the congress.gov website, but I can not understand the wordi...

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$770 bn black money entered India in 2005

$770 bn black money entered India in 2005

During 2014 alone, the inflow of black money was about $101 billion while the outflow was $ 23 billion, it said. On the other hand, inflows of illegal money were estimated to stand at $1.4-2.5 trill...

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Always Dreaming captures Kentucky Derby on muddy track

Always Dreaming won the 143rd Kentucky Derby at Churchill Downs over a sloppy track in Louisville on Saturday, giving jockey John Velazquez and trainer Todd Pletcher their second career wins in th...

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Looking for an IT Job? Infosys May Be Looking for You

Looking for an IT Job? Infosys May Be Looking for You

The move by the Indian software major came amid USA accusations that top Indian IT firms, including TCS and Infosys , were unfairly cornering the lion's share of H-1B visas by putting extra tickets i...

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Buffett says his IBM thesis was flawed, he blew it on Google

Buffett says his IBM thesis was flawed, he blew it on Google

At the annual meeting, Buffett is the celebrity that everyone wants to get close to. Warren Buffett admits he missed the boat on investing in two of today's most successful tech companies: Google an...

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Trump says he won't pull U.S. out of NAFTA

Trump says he won't pull U.S. out of NAFTA

That lever was brandished this week when stories started appearing in the Washington Post , Politico , CNN, and the New York Times that sources within the White House were really, seriously, consi...

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Violence in Paris as Hooded Thugs 'Protest Against Election'

On this day 15 years ago, some 1.3 million people, including 400,000 in Paris , took to the streets of France in union-led demonstrations to protest against the founder of the National Front (FN). Th...

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Here's where Trump is going on his first foreign trip as president

Here's where Trump is going on his first foreign trip as president

Trump will take his first foreign trip late May, Press Secretary Sean Spicer said in a statement issued on Thursday. "It's a clear and powerful message that the USA harbours no ill-will" towards ...

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This airline just told Congress it will stop overbooking flights

This airline just told Congress it will stop overbooking flights

Panel members from both parties followed through, blasting United CEO Oscar Munoz and other representatives of American Airlines , Alaska Airlines and Southwest Airlines . Rep. Eddie Bernice Johnson...

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Thousands of people fill arena to hear from Warren Buffett

Thousands of people fill arena to hear from Warren Buffett

The annual meeting, expected to draw more than last year's estimated 37,000 shareholders, is the main event of a weekend of events that Buffett calls "Woodstock for Capitalists". He's the company's la...

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