Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) reported its first quarterly loss in a year while operating earnings jumped by 40% and the firm’s cash reserves reached a record $157.2 billion. The quarterly loss has been heavily attributed to the company’s stake in Apple (AAPL). Yahoo Finance’s Seana Smith and Brad Smith report on Berkshire Hathaway’s third-quarter earnings and weigh in on what analysts are saying about the market’s impact on profit margins. #yahoofinance #youtube #warrenbuffet Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial […]
In the Yahoo Finance series NEXT, Yahoo Finance anchor Akiko Fujita travels to Logan, Utah, for a glimpse of the future of electric vehicle charging. Wireless electric road charging has long been hailed as a holy grail for widespread electric vehicle adoption. Later this year, the technology will get its first real test in the U.S. when Israeli company Electreon and the State of Michigan unveil a 1-mile stretch of road in Detroit that will allow drivers to charge on the go, marking the first public deployment in the country. Electreon’s technology, known as dynamic charging, works similarly to the wireless pads that charge your smartphone. It embeds copper coils […]
U.S. job growth slowed in October, with 150,000 jobs added, fewer than the 180,000 that had been expected. The unemployment rate ticked higher to 3.9%. In an interview with Yahoo Finance’s Jennifer Schonberger, United States Acting Secretary of Labor Julie Su says this is the kind of report the Biden administration had been expecting, adding that it’s “a sign that the president’s economic policies, that Bidenomics is really working.” Watch the video above to hear what Su says about the impact of the UAW strike on the report and the increase in the unemployment rate for black women. For more expert insight and the latest market action, click here to […]
Data centers are the backbone of our digital world. But the energy cost to maintain these facilities comes at a steep price. The constant volume of data being processed and stored requires a massive amount of energy to operate the systems cooling these servers. In order to address this issue, Microsoft (MSFT) launched “Project Natick,” its first undersea data center in 2018. With the ocean’s cold temperatures, engineers don’t have to worry about the facilities overheating, making Microsoft’s approach more energy effective.Allied Market Research projected that the global data center automation market will reach $32.5 billion by 2030. With the rising growth and the AI boom facing our digital economy, […]
Housing market experiencing ‘something of an earthquake’ Recently, a federal court awarded $1.8 billion in damages to U.S. homeowners after The National Association of Realtors (NAR), HomeServices of America — Berkshire Hathaway’s (BRK-A, BRK-B) real estate branch — and Keller Williams Realty realtor firms were found guilty of conspiring to inflate commissions on home sales. With the housing market already in flux alongside elevated mortgage rates, potential homebuyers are unsure of where to turn to. ResiClub Co-Founder and CEO Lance Lambert and Kathy Casey, Coldwell Banker Residential Brokerage Realtor and Broker Associate, join Yahoo Finance to discuss the state of the housing market as well as give advice to potential […]
This segment originally aired on November 3, 2023. The October jobs report was released Friday morning, revealing a much slower job growth than the previous month. In part, some of the reason may be due to the ongoing strikes organized by Hollywood actors and auto workers, which took place during the Labor of Bureau Statistics’ survey. In addition, many companies are going through,what one executive refers to as “transformational projects” before hiring. RGP (RGP) CEO Kate Duchene joins Yahoo Finance anchors Diane King-Hall and Josh Lipton to explain why companies are focused on shaping the company to adjust for modernization through these projects. Duchene explains some examples of these projects: […]
Former FTX CEO, Sam Bankman-Fried, was convicted on seven counts of fraud ranging from money laundering to conspiracy. His crimes carry maximum sentences totaling 110 years. Bankman-Fried’s sentencing is scheduled to be held on March 28. The final sentencing decision will be made by the judge presiding over his case. Yahoo Finance’s Legal Reporter Alexis Keenan breaks down the all details, providing insights on the possible length of his sentencing based on guidelines that consider factors like the scale of money stolen. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #crypto #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb […]
This segment was previously recorded on November 3, 2023. The El Niño weather event caused the driest October on record for the Panama Canal since its origins in 1950. The event has caused the Panama Canal Authority to cut daily ship passages from 25 to 18 by February 2024. Questions now arise around global climate change and the impacts it has on global shipping. U.S. Energy Information Administration Industry Economist Josh Eiermann joins Yahoo Finance to discuss these impacts and what they mean in both the near and long term for global shipping. On the immediate impact, Eiermann states: “What we are seeing that is more ships now are being […]
Yahoo Finance spoke to experts including Nick Timiraos The Wall Street Journal chief economics correspondent, economist Claudia Sahm, and Eurasia Group President and Founder Ian Bremmer about JPMorgan Chase CEO Jamie Dimon’s latest comments on the Fed, inflation, lending, the American consumer, what will rattle markets, geopolitical risks, and the global economy. #JPMorgan #yahoofinance #youtube JPMorgan Chase CEO Jamie Dimon about the curr Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get […]
The criminal fraud trial of disgraced FTX CEO Sam Bankman-Fried and the subsequent guilty verdict on Friday, November 3, has drawn the attention of many — from crypto bulls to skeptics and even U.S. regulators — raising questions about the legitimacy of the greater cryptocurrency market. The Wolf Of All Streets Podcast Host Scott Melker does not believe the FTX fallout has any lasting impact, stating plainly: “This was a case of fraud that has literally nothing to do with crypto.” Melker specifies that crypto was just the vehicle to perpetuate SBF’s Ponzi scheme and that on a global scale, this case is just “an American phenomenon.” Cahill Gordon & […]
