Biden admin tells companies seeking CHIPS funding to avoid stock buybacks, provide child care plans
The Biden administration is making funds available under the CHIPS Act, and companies will be more likely to get funding if they refrain from stock buybacks.
Goldman Sachs gives strategy update at investor day
Goldman Sachs chairman and CEO David Solomon said the company made mistakes in its consumer business and would initiate other strategies to repair the issue.
Goldman Sachs CEO says having 'very tight' job market makes cooling inflation 'very hard'
Goldman Sachs’ CEO, David Solomon, offered insights on the labor market and efforts to cool inflation in the U.S during a recent podcast episode put out by his company.
Altria in talks to buy vaping startup NJOY for at least $2.75 billion, divest its stake in Juul
NJOY is one of the few e-cigarette makers whose products have clearance from federal regulators, an advantage over larger e-cigarette rivals Juul and Vule.
Pfizer in talks to acquire Seagen in deal likely valued at more than $30B
Pfizer, one of the world’s biggest pharmaceutical companies, is flush with cash from the COVID-19 pandemic and hopes the Seagen acquisition will help grow revenue.
Warren Buffett slams critics of stock buybacks after Democrats' scrutiny: 'Economic illiterate'
Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, pushed back on opponents of corporate stock buybacks in his annual letter to shareholders.
Warren Buffett's annual letter reveals Berkshire's 'secret sauce,' crucial lesson for investors
Warren Buffett published his annual letter to shareholders on Saturday, offering a glimpse into Berkshire Hathaway's investment into Coca-Cola and American Express.
Warren Buffett delivers clear inflation warning, slams 'disgusting' business leader behavior in annual letter
Billionaire Warren Buffett issued a clear inflation warning and hit at 'disgusting' money manager behavior in his annual letter to Berkshire Hathaway shareholders.
Goldman Sachs: three more Fed rate hikes coming this year
Interest rates are likely to go higher than the Fed previously forecast with inflation remaining abnormally high, according to Goldman Sachs economists.
Venture fundraising hits nine-year low
Venture firms raised $20.6 billion in new funds in the fourth quarter. That was a 65% drop from the year-earlier quarter and the lowest fourth-quarter amount since 2013.
Why your 401(k) might not have ETFs
Although there are significant benefits of ETFs, there are also technological barriers for companies that manage the plans, which can prevent ETFs from being intertwined in 401(k)s.
Walmart, eBay earnings, Fed minutes and Russia’s Ukraine invasion first anniversary top week ahead
The Federal Reserve Open Market's Committee will publish its minutes this week. SCOTUS will hear two major cases that could change the internet forever.
Goldman Sachs expects 3 more Fed rate hikes this year
The latest inflation data has Goldman Sachs expecting three more interest rate hikes from the Federal Reserve of 25 basis points each this year.
Buffett's firm adds more Apple, slashes chipmaker and banks
Warren Buffett's company Berkshire Hathaway made several portfolio changes at the end of the year involving Apple and some big bank names.
GOP AGs urge lawmakers to reject Biden reversal of Trump-era rule limiting retirement funds in ESG companies
Attorneys general from 27 states sent Congress a letter Tuesday urging lawmakers to disapprove a Labor law allowing retirement companies to more freely invest in ESG companies.
Are ETFs a hedge for inflation?
Exchange-traded funds can be used as a hedge for retail and institutional investors during economic downturn and inflation.
Goldman Sachs CEO on probability of economic soft landing
David Solomon, the CEO of Goldman Sachs, on Tuesday discussed the probability of the U.S. economy experiencing a soft landing while appearing at a conference.
Retirees lost 10% of their savings in 2022, survey says
Inflation and market volatility has had a significant impact on retirees' savings, research shows. Here’s what you need to know.
Buffett's firm cuts stake in Chinese automaker
Warren Buffett's Berkshire Hathaway is reducing its stake in the Chinese automaker BYD to 12% after recent sales.
Disney proxy fight over for Iger, Nelson Peltz claims victory
Activist investor Nelson Peltz of the Trian Group has announced the of his proxy fight with the Walt Disney Co and CEO bob Iger after the entertainment company unveiled restructuring plan that included cost cuts and 7,000 layoffs.