Buffett upbeat on American business; Berkshire operating profit down
(Reuters) - Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc
reported a higher quarterly profit though operating income fell.
Warren Buffett rails against fee-hungry Wall Street managers
NEW YORK (Reuters) - Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc
shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds.
TCL carries flickering BlackBerry flame with new phone launch
BARCELONA, Spain (Reuters) - Blackberry Ltd
may have exited the device business, but fans of the pioneering email machine need not despair as Chinese smartphone maker TCL Communication has introduced its first Blackberry-licensed phone with the physical keyboard that was long its key allure.
Buffett scorns tricky Wall Street accounting, but defends buybacks
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks.
Record-setting stock rally faces test in Trump speech
NEW YORK (Reuters) - U.S. President Donald Trump's planned economic agenda has fanned the flames for Wall Street's record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague.
U.S. new home sales rebound; consumer sentiment dips
WASHINGTON (Reuters) - New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.
J.C. Penney holiday quarter sales drop, to shut 130-140 stores
(Reuters) - Department store operator J.C. Penney Co Inc
reported a bigger-than-expected drop in same-store sales for the holiday quarter citing weak demand and competition from online retailers, sending shares down to more than a year low.
Ghosts of past tech IPOs could haunt Snap's performance
(Reuters) - Snap Inc appears set to make a splash next week with the biggest tech stock debut since Facebook Inc, but history suggests investors shut out of the initial public offering would be better off waiting a bit to chase this unicorn on the open market.
Alphabet's self-driving car unit sues Uber with trade theft charge
SAN FRANCISCO (Reuters) - Alphabet Inc's
Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.
Wall Street edges higher to give Dow 11th straight record
NEW YORK (Reuters) - Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.