Wal-Mart Stores, the 800-pound gorilla of retail, is running hard to catch up in an increasingly crucial segment where it is neither the biggest nor the best: e-commerce. The company, founded in 1962 by Sam Walton, has been gobbling up smaller and niche players in e-commerce in an effort to reach online shopping market leader … 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
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
The U. S. Justice Department is developing plans to temporarily reassign immigration judges from around the country to 12 cities to speed up deportations of illegal immigrants who have been charged with crimes, according to two administration officials. How many judges will be reassigned and when they will be sent is still under review, according … 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
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
Parts of Kansas and Missouri could see another round of freezing rain Sunday as a winter storm that has already coated roads in ice and contributed to accidents that killed four people churns through in the Midwest and Plains. Three people died in three crashes in Missouri thought to be weather-related Friday and Saturday, the … Read more
As President-elect Donald Trump’s administration begins taking shape, thousands poured onto the streets of a divided nation again Saturday to express their frustration at the stunning election result. From New York to Los Angeles, demonstrators have marched in various American cities for four nights since Trump’s unexpected victory Tuesday capped an acrimonious campaign. While largely … 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
Hillary Rodham Clinton will become the first woman to win the presidency tomorrow, decisively defeating Donald Trump in no small part due to unprecedented Latino turnout. The Party Crasher predicts Clinton will win the Electoral College vote 322-215, capturing virtually all of the swing states, as President Barack Obama did in his 2012 victory. Reports … Read more