By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, ending months of speculation that it had made a big new investment. In a regulatory filing describing its U.S.-listed stock holdings as of March 31, Berkshire said it owned 25.92 million shares of Chubb….
LONDON (Reuters) – A “disorderly evolution” of the situation in Slovakia following an attempted assassination of Prime Minister Robert Fico could raise the political risk level for the country’s credit rating, Moody’s said on Wednesday. Fico was in a life-threatening condition having been shot in the central Slovak town of Handlova. Moody’s, which rates Slovakia…
By Danielle Broadway LOS ANGELES (Reuters) – Everything changed for Paul Tran and his wife Lynda when the skincare brand they co-founded went viral on TikTok. The Atlanta couple created @loveandpebble, and when they shared their Beauty Pops ice face masks on TikTok in 2021, it took their small business to another level. “We sold…
(Reuters) – Comcast is set to launch a streaming bundle combining its Peacock service with Netflix and Apple TV+, as the media and broadband company looks to retain subscribers in the face of stiff competition. The new bundle, StreamSaver, will be available to all its broadband, TV and mobile subscribers and at a “vastly reduced…
By Sruthi Shankar and Medha Singh (Reuters) – GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge…
AMSTERDAM (Reuters) – Federal Reserve Chair Jerome Powell said on Tuesday support for U.S. central bank independence remains “very strong” in Congress, pushing back on concerns surfaced in recent news coverage that the hands-off status the Fed largely enjoys may be jeopardized by a second presidency of Donald Trump. “I’m less worried about that than…
(Reuters) – Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing employees familiar with the matter. A slew of companies, from startups to conglomerates including Meta, are looking to develop AI-based wearable devices to capture growing interest in the sector. The Facebook-parent expects the device, being…
By Anton Bridge TOKYO (Reuters) – Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. “Because of the size of our platform, we’re…
(Reuters) -Intel is in advanced talks for a deal with Apollo Global Management in which the equity firm would provide more than $11 billion to build a facility in Ireland, the Wall Street Journal reported on Monday. The move comes as Intel looks to expand its presence across the United States with a planned $100-billion…
PARIS (Reuters) – Technology and software giant Microsoft will invest 4 billion euros ($4.3 billion) in France as part of the annual ‘Choose France’ business summit, its vice chair and president Brad Smith told Le Figaro paper. Smith said much of this investment money would focus on the artificial intelligence (AI) sector and that Microsoft…
