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- Yahoo Finance
Why Warren Buffett wants you to ignore Berkshire's $53.7 billion gain on stocks
From Warren Buffett's annual letter to Berkshire Hathaway shareholders.
- Reuters
IMF's Georgieva says coronavirus to shave 0.1 percentage points from global growth
The fast-spreading coronavirus outbreak will likely lower China's economic growth this year to 5.6%, down 0.4 percentage points from its January outlook, and shave 0.1 percentage points from global growth, the IMF said on Saturday. International Monetary Fund Managing Director Kristalina Georgieva
- Yahoo Finance
Warren Buffett is 'almost certain' that stocks will beat bonds over time if rates stay low
'Anything can happen to stock prices tomorrow,' Buffett cautions.
- Reuters
Buffett defends stock investments, which fueled record Berkshire profit
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. In his widely-read annual letter to Berkshire shareholders, the 89-year-old
- Yahoo Finance
Deadly coronavirus drains millions from China, US box offices
The final installment of the Daniel Craig-led James Bond franchise “No Time to Die” cancelled its upcoming Beijing premiere due to “uncertainties” surrounding the coronavirus outbreak.
- Yahoo Finance
What will the coronavirus do to cruise ships
It's certainly not the best of times for the big three publicly traded cruise ship companies: Carnival Cruise Line, Royal Caribbean and Norwegian Cruise Line.
India says discovers fields with over 3,000 tonnes of gold ore
India, the world's second-biggest gold consumer, has discovered gold fields with reserves of over 3,000 tonnes in Uttar Pradesh, a government official said on Saturday. India mines between 2 to 3 tonnes of gold annually, relying on expensive imports to fulfil nearly all of its demand, which averaged
- Reuters
Macron tells farmers he'll fight for EU budget, wine tariff relief
President Emmanuel Macron told farmers on Saturday that France would continue to oppose cuts to agricultural subsidies, a day after EU budget discussions ended in deadlock, while also promising compensation for wine producers hit by U.S. tariffs. European Union leaders failed on Friday to agree on a
- Reuters
Let's come together to tax tech giants, say G20 officials eyeing $100 bln boost
Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon and Facebook, G20 officials said on Saturday. The Organisation for Economic Cooperation and Development (OECD) is developing global rules by to make digital companies
- Reuters
Samsung Electronics confirms coronavirus case at phone factory complex in S.Korea
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning. Samsung Electronics, the world's top smartphone maker, said the floor where
- Reuters
U.S. Treasury Secretary says 'safe harbor' proposal is not an optional tax
U.S. Treasury Secretary Steven Mnuchin said on Saturday his "safe harbor" proposal for U.S. companies was not an optional tax and he hopes the OECD will agree on a global tax reform this year. In December Mnuchin raised serious questions about OECD international tax reform proposals in a letter
- Reuters
Germany's Scholz urges agreement on global minimum tax now
World financial leaders should agree on a global minimum tax for companies now and politicians should not postpone an agreement for electoral reasons, Germany's Finance Minister said on Saturday at an international tax conference in the Saudi capital. There is enough work that had been done in the
- Reuters
U.S. Treasury's Mnuchin: Tax certainty needed on global basis
U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to have tax certainty on a global basis and that the OECD was very close to consensus on a framework for minimum corporate tax. "You cannot have in a global economy different national tax systems that conflict with each
- Reuters
Saudi economy set to grow this year, driven by non-oil sector - central bank
Saudi Arabia's economy is expected to grow this year, supported by the non-oil sector, despite a challenging global economic backdrop, the Saudi central bank governor said on Saturday as the kingdom hosts the G20 meeting. Ahmed al-Kholifey said it was too early to see the full picture of the economic
- Reuters
BOJ's Kuroda blames yen's fall on strong dollar, upbeat on economy
Bank of Japan Governor Haruhiko Kuroda said on Saturday the yen's recent declines were largely driven by a strong dollar, shrugging off some market views that the widening coronavirus epidemic is triggering an outflow of funds from Asia. Kuroda also said he had not changed his view that Japan'
- Reuters
China expects more companies to resume operations by late February, early March
More companies in China are expected to resume operations by late February or March, a transport official said on Saturday, as officials try to get the economy up and running again while containing a coronavirus outbreak that has created massive business disruptions. In particular, authorities are trying
- Reuters
Boeing finds debris in fuel tanks of many undelivered 737 MAX jets
Boeing found debris in the fuel tanks of about 35 aircraft, a company spokesman confirmed on Friday. A person familiar with the matter told Reuters that more than 50% of the undelivered 737 MAX jets inspected thus far have had debris found in them.
- Reuters
MGM Resorts sued over data breach that possibly involved 10.6 million guests
The lawsuit was filed by law firm Morgan & Morgan, whose lawyer John Yanchunis has also represented some Yahoo users in a breach of 3 billion accounts between 2013 and 2016. MGM Resorts said on Thursday that last summer it "discovered unauthorized access to a cloud server that contained a limited
China's central bank vows to take more steps to support virus-hit economy
SHANGHAI/BEIJING (Reuters) - China's central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for companies, a vice governor of the bank told state media. The People's Bank of China (PBOC) will guide market interest
- Reuters
Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal
Wells Fargo & Co has agreed to pay $3 billion (2.3 billion pounds) to resolve criminal and civil probes into fraudulent sales practices and has admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the
- Reuters
U.S., India at odds over trade as Trump heads for encounter with Modi - U.S. officials
Trump administration officials on Friday acknowledged that U.S. President Donald Trump's visit to India next week will not result in even a limited trade deal, saying they still have major concerns over India's trade barriers. Hopes that the world's two largest democracies could negotiate
Factbox: Remaining hurdles for scandal-hit Wells Fargo
More hearings: The House Financial Services Committee said on Friday that it will conduct three Wells Fargo hearings next month where new Chief Executive Charles Scharf and other company officials will be probed about the scandal. Scharf has tried to place the scandal squarely in the past, describing
- Yahoo Finance
Diamond Princess passengers in quarantine say they’d ‘absolutely’ take another cruise
The Diamond Princess quarantine was a two-week nightmare for many, after passengers tested positive for coronavirus. But at least two passengers would cruise again.
- Reuters
Federal prosecutors probing if Boeing pilot knowingly lied to FAA - NYT
Boeing said it was cooperating with the U.S Department of Justice investigation. The prosecutors have questioned several Boeing employees in recent months, focusing on whether Mark Forkner, a top pilot at the company, intentionally lied to the regulator about the nature of new flight control software
- Yahoo Finance
Stock market news live: Stocks fall, Treasury yields slump amid ongoing coronavirus fears
Headlines moving the stock market in real time.
