OMAHA, Neb. (AP) — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway revealed in documents filed with regulators on Monday that it bought near 15 million shares in game publisher Activision Blizzard during the last three months…
By Rod Nickel (Reuters) -The province of Alberta will toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada’s highest-emitting facilities with millions of dollars’ worth of tradeable credits, its environment ministry told Reuters. Alberta is updating industry benchmarks that set emissions reduction requirements per unit of…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced…
(Reuters) – Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, the Wall Street Journal reported, citing people familiar with the matter. The Securities and Exchange Commission (SEC), along with the Department of Justice, is investigating whether bankers may have…
BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential race, according to remarks in an interview publish on Monday. When asked if a victory of the left-wing leader was already priced into financial…
By Lewis Krauskopf NEW YORK (Reuters) – Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term, but most U.S. market fallout related to geopolitics is likely to be short-lived, if history is any guide. With the S&P 500 down over 7% to start the year and bond yields spiking,…
(Reuters) – Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head of its consumer businesses, the bank disclosed on Monday. (Reporting by David Henry in New York and Sohini Podder in Bengaluru;…
MEXICO CITY (AP) — Mexico’s president said Monday the U.S. suspension on avocado imports and recent environmental complaints are part of a conspiracy against his country by political or economic interests. President Andrés Manuel López Obrador put forward the conspiracy theory after the U.S. suspended imports of Mexican avocados on the eve of the Super…
BOSTON (AP) — President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence of a cyber breach of great consequence,” he told his intelligence brain trust…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 index ended weaker on Monday, partly recovering from a steep late-afternoon sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced…
