Amazon CEO Jeff Bezos has overtaken Bill Gates and is now the richest person in the world, with a fortune topping $90 billion for the first time ever. When markets opened on Thursday, Bezos had a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates. Amazon stock opened up 1.6% on … Read more
Wall Street stocks rose early Friday after the Labor Department reported the US added a better-than-expected 222,000 jobs in June. Despite the solid headline figure, the report showed that wage growth remains weak. Average hourly earnings rose four cents to $26.25, up 0.2 percent over May and 2.5 percent higher than June of last year … Read more
Ghana’s Kofi Annan (a former UN Secretary General) and founder of the Ashesi University, Patrick Awuah, have been named among the 100 most reputable people on earth for the year 2017. South African research-based, global performance-management consulting company, Reputation Poll released its inaugural list of 100 Most Reputable People on Earth Tuesday. The individuals who … Read more
Tens of thousands of people gathered to hear Warren Buffett impart wisdom and answer questions at Berkshire Hathaway’s annual shareholders meeting, which kicked off Saturday morning. Thousands more are likely to tune in via Yahoo Finance, which is livestreaming the festivities. There’s plenty for Buffett, 86, and right-hand man Charlie Munger, 93, to talk about. … Read more
Billionaire investor Warren Buffett on Saturday said he doubted coal could make a comeback, dismissing a push by US President Donald Trump to revive the declining American industry. “If you are tied to coal, you’ve got problems,” he told the annual shareholders meeting of his Berkshire Hathaway holding company in Omaha, Nebraska. “Coal is going … Read more
IBM shares tumbled Friday after billionaire investor Warren Buffett revealed he has sold about a third of his stake and “revalued” downward the computing giant. In early Wall Street trade, IBM shares were down 2.5 percent at $154.00. Buffett, one of IBM’s biggest shareholders, told CNBC he had divested shares in the first and second … Read more
The likeness of billionaire Warren Buffett is gracing Cherry Coke cans in China, where the company’s largest investor enjoys a legendary reputation. Coca-Cola announced over the weekend that a grinning cartoon portrait of the American business magnate would adorn cans and bottles of his favourite flavour after it was introduced in the country on March … Read more
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s richest billionaires, while US President Donald Trump slipped more than 200 spots. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year. He was followed by Berkshire Hathaway chief Warren Buffett – with an estimated … Read more
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s richest billionaires, while US President Donald Trump slipped more than 200 spots. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year. He was followed by Berkshire Hathaway chief Warren Buffett – with an estimated … Read more
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s more than 2,000 billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said Monday. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year, and has been ranked as the richest … Read more
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said Monday. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year. He was followed by Berkshire Hathaway chief Warren Buffett … Read more
Billionaire investor Warren Buffett used his annual letter Saturday to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump’s anti-immigrant stance. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of … Read more
1. Walmart earnings: On Tuesday, Walmart (WMT) will release its fourth quarter earnings report. Walmart is on a tear lately, exceeding analysts’ profit expectations over the past four consecutive quarters, But Walmart is facing fierce competition from e-commerce retailers like Amazon. That’s why investors will be closely monitoring Walmart’s progress in integrating e-retailer Jet.com. They’ll … Read more
Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending … Read more
The failure of Warren Buffett’s favored candidate to capture the White House has not dimmed the billionaire’s appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc (BRKa. N) since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election. In … Read more
The world’s eight richest individuals have as much wealth as the 3.6bn people who make up the poorest half of the world, according to Oxfam. The charity said its figures, which critics have queried, came from improved data, and the gap between rich and poor was “far greater than feared”. The richest eight include Bill … Read more
Public trust in traditional media has fallen to an all-time low as people increasingly favour their friends and contacts on the internet as sources of news and truth, according to research to be presented at the World Economic Forum in Davos this week. Globalisation and rapid changes in technology have fuelled “virulent populism and nationalism,” … Read more
Warren Buffett was a vocal backer of Hillary Clinton. She’s not going to be the next president. So what does the Berkshire Hathaway CEO think of President-elect Donald Trump? “I support any president of the United States. It’s very important that the American people coalesce behind the president,” Buffett told CNN’s Poppy Harlow in an … Read more