Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty. Operating income dropped to $11.16 billion in the three months ended June, from $11.6 billion in the same period a year ago.The Omaha-based conglomerate…
OPEC+ is preparing to implement another significant oil production boost in September, a move that continues the group’s recent shift from curbing supply to aggressively reclaiming market share. Bloomberg reported, citing an OPEC+ delegate, that the group is expected to approve an increase of 548,000 barrels per day during its…
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…
As retail traders begin to tire of short-lived rallies in meme stocks like Krispy Kreme and Kohl’s, a broader and potentially more sustainable trend is taking shape in global markets. A growing number of individual investors are rotating into European equities, betting that stocks across the Atlantic are poised to…
Warren Buffett’s Berkshire Hathaway reported a 4% year-on-year decline in second-quarter operating profit on Saturday, underscoring the toll of falling insurance premiums and broader economic uncertainty. Operating income dropped to $11.16 billion in the three months ended June, from $11.6 billion in the same period a year ago.The Omaha-based conglomerate…
Bank of America has spotlighted a range of stocks that it believes offer compelling upside potential following their latest quarterly results. The firm emphasized names across sectors, including technology, consumer goods, airlines, and food services, where it sees sustainable momentum and improved financial outlooks despite broader market uncertainties.Among the highlighted…
The Nikkei 225 Index pulled back last week as market participants focused on key Japanese earnings and the BoJ interest rate decision. It retreated to a low of ¥40,800, down from the year-to-date high of ¥42,040. Here are the top catalysts for the Nikkei Index this week.Bank of Japan interest…
The stock market’s momentum from earlier this week, which saw the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) reach new record highs, came to a halt on Friday (August 1). Investors were reacting to a series of mixed tech earnings reports. Many were accompanied by cautious forward-looking guidance despite…
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from June, underlining the challenges facing the world’s largest electric vehicle (EV) maker. While a seasonal dip in new car sales…
Employers added just 73,000 jobs in July, sharply below expectations and the slowest pace this year, in a signal that economic uncertainty is weighing heavily on hiring decisions. The Labour Department’s report released Friday also revised down job gains from the prior two months by a staggering 258,000 positions, suggesting…