Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle. The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount … Read more
Warren Buffett is a fan of buying dividend-paying stocks, but his conglomerate Berkshire Hathaway doesn’t offer a payout itself, despite its tens of billions cash. A regular dividend is a way to reward shareholders by distributing a portion of a company’s earnings, often quarterly, in the form of cash. Sometimes companies even offer a small … Read more
A seat and a bed onbaord a Bombardier Global 6500 business jet on display during the Singapore Airshow in Singapore, on Wednesday, Feb. 21, 2024. Bloomberg | Bloomberg | Getty Images Planes, trains and snowmobiles comprised the transportation portfolio that Bombardier was riding as the 21st century unfolded. But the Montreal-based company also was carrying … Read more
Brazilian private equity firm 3G Capital quietly sold off its 16.1% stake in Kraft Heinz in the fourth quarter, nearly nine years after masterminding the blockbuster merger of Kraft Foods and Heinz with Warren Buffett. The sale marks the end of an era for 3G. The firm’s influence over Kraft Heinz had been dwindling in … Read more
Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. Factors such as longer repair times and more expensive rental car costs are resulting in rising prices, according to a report by … Read more
COO and President Dan Sheridan of Brooks Running Courtesy: Brooks The longtime CEO of Berkshire Hathaway’s Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job, the company will announce Tuesday. Brooks veteran Dan Sheridan, who started at the running company in a marketing role in 1998 and worked … Read more
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA. Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty Images A Harvard Business School graduate tricked his fellow alumni and associates into investing at least $2.9 million in a Ponzi scheme he ran, New York … Read more
Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. That’s what Ford CEO Jim Farley recently told Wall Street. He said he has a plan as one such EV maker looks to break into America. BYD â short for Build Your Dreams â could pose a threat to Ford and other … Read more
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway shares slipped Monday, despite hitting an all-time high following strong earnings from Warren Buffett’s conglomerate over the weekend. Berkshire’s Class A shares last fell by 2.2%. Earlier in the session, the stock reached … Read more
Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels. The Omaha-based conglomerate posted operating earnings … Read more
