Berkshire slashes Bank of America stake to under 10%

Berkshire slashes Bank of America stake to under 10%

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the … Read more

Why the U.S. Justice Department is investigating Google

Why the U.S. Justice Department is investigating Google

The U.S. government is approaching year five of its sprawling investigation into the country’s biggest tech companies. Google, the online search and digital ad goliath, is the first U.S. tech giant to land in federal court fighting antitrust concerns in decades. In August 2024, Judge Amit Mehta of the U.S. District Court for the District … Read more

IKEA annual sales slump 5% on weak housing market

IKEA annual sales slump 5% on weak housing market

IKEA annual sales slumped 5% as consumers pull back on furniture purchases amid a weak housing market, according to an earnings report released Thursday. The Swedish home decor retailer has slashed prices and committed itself to making more price cuts in the future in an effort to win back cash-strapped customers. Ingka Group, which owns … Read more