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Economy

Buffett got a $29 billion boost to net earnings in the fourth quarter from the tax code changes. The company's often-impressive pace of acquisitions had slowed a year ago, he noted, when the prices asked for businesses 'hit an all-time high, ' amid what he called 'a purchasing frenzy'.
  • England and Wales Cricket Board announces 2023 Ashes venues

    England and Wales Cricket Board announces 2023 Ashes venues

    Economy

    The Nottingham ground will, however, take over from Lord's as the venue for the domestic One-Day Cup final from 2020, the European Central Bank has confirmed. The Nottingham ground was missing from the list of host venues when the England and Wales Cricket Board confirmed their schedule for the 2023 series on Thursday (AEDT).
  • Popular Valentine's Day flowers and what they symbolise

    Popular Valentine's Day flowers and what they symbolise

    Economy

    Many flower shops start thinking about Valentine's Day right after Christmas. Kammi Good removes the stem ends from the bundles of roses before placing them in water and flower food which is a mixture of sugar, acid and bleach. Needless to say, a mixtape will last longer than any bouquet of flowers. CBA also found that the "most romantic" group are those aged 26-35, accounting for 38 per cent of all florist spend and 36 of all restaurant spend.
  • LLBean Killed Its Epic Return Policy Because of Scammers

    LLBean Killed Its Epic Return Policy Because of Scammers

    Economy

    This includes asking for refunds for products that had been worn for many years and seeking refunds for products purchased at yard sales. L.L. Bean said on Friday it was scrapping its iconic 106-year-old lifetime returns policy in the wake of what it said was a "small, growing number" of customers abusing the guarantee that lets shoppers bring back items at anytime, even years after a purchase.
  • Eurostar launches £35 fast route from London to Amsterdam

    Eurostar launches £35 fast route from London to Amsterdam

    Economy

    The new Eurostar route will see two trains a day leave St Pancreas for the Netherlands capital - famed for it's weed-selling coffee shops and Red Light District. Tickets go on sale from 20 February, and - in a clear bid to give the budget airlines a run for their money - prices for a single start from a very reasonable £35.
  • Dow caps insane week with 330-point bounce

    Dow caps insane week with 330-point bounce

    Economy

    On Monday, the financial, healthcare and industrial sectors fell the most , but declines were spread broadly as all major 11 S&P sectors dropped at least 1.7%. Of course, in a risk-off scenario, emerging markets would sell off and the safe investments would move back into domestic hands, which is also good for bonds and the dollar.
  • SeaCrest Wealth Management LLC Buys New Holdings in Anadarko Petroleum Co. (APC)

    SeaCrest Wealth Management LLC Buys New Holdings in Anadarko Petroleum Co. (APC)

    Economy

    About 6.50M shares traded or 15.64% up from the average. It has underperformed by 8.41% the S&P500. Nippon Life Insurance Company acquired 18,574 shares as Anadarko Pete Corp ( APC)'s stock declined 20.17%. As per Friday, October 23, the company rating was initiated by Needham. The firm has "Buy" rating by Berenberg given on Tuesday, October 18. Deutsche Bank maintained it with "Buy" rating and $219 target in Thursday, May 12 report.
  • Volatility Spike Triggers Inverse ETF (XIV) Closure

    Volatility Spike Triggers Inverse ETF (XIV) Closure

    Economy

    The risks, in hindsight, were clear enough even before the Dow Jones industrial average plummeted almost 1,600 points on Monday, snapped back, and then took a wild bungee jump of almost 1,200 points the next day. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. A key thing about the Vix is that the volatility that the index predicts tends to be worse than actual volatility.
  • Tronc Close to Selling LA Times to Billionaire Patrick Soon-Shiong

    Tronc Close to Selling LA Times to Billionaire Patrick Soon-Shiong

    Economy

    Ever since Tronc's forerunner company, Tribune Co ., acquired the Times in 2000, the newspaper and its parent company have engaged in a cross-country feud about the paper's management and direction. Soon-Shiong had leveled his own accusations against Tronc and its chairman, saying the company rigged its trading rules to let Ferro increase his stake while denying that option to him.
  • Robert Wagner Named Person of Interest in Natalie Wood's Drowning Death

    Robert Wagner Named Person of Interest in Natalie Wood's Drowning Death

    Economy

    We thought it was a good idea just to let everyone know kinda where we're at with the investigation". "For the first time " there are "witness statements that portray a new sequence of events that night", a spokesman for the Los Angeles County Sheriff's Department said in a statement released by CBS.
  • Snap Revenue Surges 72% on User Growth, Advertising Gains

    Snap Revenue Surges 72% on User Growth, Advertising Gains

    Economy

    Snap Inc. has suffered a year's worth of disappointment from Wall Street, whose investors believe the Venice-based company isn't growing its number of users - and associated advertising revenue - fast enough. Snap's upbeat earnings release was in stark contract to previous quarters, which saw the company struggling with slowing user growth and lower-than-expected revenue numbers.
  • Amazon, Berkshire Hathaway, JP Morgan Aim to Untangle Employee Healthcare Knot

    Amazon, Berkshire Hathaway, JP Morgan Aim to Untangle Employee Healthcare Knot

    Economy

    It's not really big enough for that. According to the press release , the focus of this new venture is to reduce healthcare costs and find ways to deliver more efficient medical services via new technology solutions in order to "provide simplified, high-quality and transparent healthcare at a reasonable cost to over half a million USA employees and their families".
  • Valero Energy Partners LP (NASDAQ:VLP) Expected To Report Earnings On Friday

    Valero Energy Partners LP (NASDAQ:VLP) Expected To Report Earnings On Friday

    Economy

    It dropped, as 58 investors sold AMGN shares while 511 reduced holdings. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company's stock worth $101,000 after acquiring an additional 1,198 shares in the last quarter. Waters, Director, sold 1,000 with an average share price of $87.23 per share and the total transaction amounting to $87,230.00. The stock has a market cap of $41,160.00, a PE ratio of 20.21, a P/E/G ratio of 1.20 and a beta of 0.99.
  • Invests $29.86 Million in Exxon Mobil Co. (NYSE:XOM)

    Invests $29.86 Million in Exxon Mobil Co. (NYSE:XOM)

    Economy

    Exxon Mobil (NYSE: XOM ) last announced its quarterly earnings results on Friday, February 2nd. It has underperformed by 25.78% the S&P500. The return on assets ratio of the Company was 3.80% while its return on investment ratio was 0.60%.
  • Rising costs see Alphabet take earnings hit in Q4

    Economy

    Alphabet also reported that "other revenue " - a category that includes its cloud business, hardware sales and app store - increased almost 40 percent, to $4.7 billion. Alphabet reported income of $7.66 billion, or $4.35 per share for the quarter, up from the $6.64 billion, or $7.56 per share during the same period of previous year.
  • Wall Street retreats from record levels as Apple weighs

    Wall Street retreats from record levels as Apple weighs

    Economy

    The technology sector's 0.50 per cent drop weighed the most on the markets, but the biggest decliners were the defensive sectors - utilities, real estate and telecoms, all down more than 0.8 per cent as USA 10-year treasury yields hit their highest since 2014.
  • Samsung Confirms It Is Manufacturing ASIC Chips for Cryptocurrency Mining

    Samsung Confirms It Is Manufacturing ASIC Chips for Cryptocurrency Mining

    Economy

    The South Korean multinational electronics company, Samsung Electronics has revealed that it has ventured into the mass production of cryptocurrency mining chips. Cryptocurrency miners have placed serious demands on the hardware market, moving from normal integrated graphics cards, to gaming GPUs and now ASIC chips .