Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.
Read More Warren Buffett Firm Berkshire Hathaway Sells Nearly $1B In Bank Of America SharesTag: Amazon
US FTC’s bid to block Kroger-Albertsons merger heads to trial
The FTCwill argue Kroger’s $25 billion merger with rival grocer Albertsons is bad for shoppers and workers when the agency’s lawsuit goes to trial in federal court.
Read More US FTC’s bid to block Kroger-Albertsons merger heads to trialDow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement
Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates.
Read More Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut AnnouncementFord Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This Year
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
Read More Ford Changing EV Strategy, Drops All-Electric Three-Row SUV, Division Is On Pace To Lose $5.5B This YearAuthors sue Anthropic for copyright infringement over AI training
Three authors who say the AI company Anthropic misused their books and hundreds of thousands of others to train its AI-powered chatbot Claude.
Read More Authors sue Anthropic for copyright infringement over AI trainingGoogle Loses Historic Antitrust Lawsuit Over Its ‘Search Dominance’
A federal judge ruled on Monday that Google violated U.S. antitrust laws with its online search business, handing the tech giant a staggering court defeat with the potential to reshape how millions of Americans get information online, and potentially ending the decades of dominance.
Read More Google Loses Historic Antitrust Lawsuit Over Its ‘Search Dominance’