Warren Buffett sits tight on cash as Berskhire investments take a hit: reports
Berkshire Hathaway reported a bigger loss in Q3 2023 than in the same quarter of 2022, but Warren Buffett argued that investors should judge the company on its operating earnings.
The Wolf of Wall Street unveils the 'ultimate strategy' for the average investor
Former Wall Street broker Jordan Belfort details his 'proven formula' for investment success from his new book 'The Wolf of Investing: My Playbook for Making a Fortune on Wall Street.'
Goldman Sachs CEO: Doesn’t see 1970-80s interest rates
Interest rates are climbing, driving prices higher for everything from homes to cars to credit cards. With the Federal Reserve on tap to raise rates further, how high can they go?
Goldman Sachs CEO warns the Fed's rate hike campaign will serve 'shock to the system'
Goldman Sachs CEO David Solomon warns of additional rate hikes from the Federal Reserve as the central bank sits in a "wait-and-see mode" on "sticky" inflation.
Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum, again
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.
Goldman Sachs CEO gives up high-profile DJ gigs
Goldman Sachs chief executive David Solomon has stopped DJing at high-profile events because of the attention the gigs grab, the company has confirmed.
Bank of America profit beats estimates on higher interest income, investment banking gains
Bank of America beat Wall Street estimates for quarterly profit on Tuesday, reporting a net income increase of 10% in the third quarter to $7.8 billion.
Goldman profit tops estimates as dealmaking cushions hit from GreenSky, real estate
The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.
More than 200 venture capital firms sign public statement in support of Israel
The venture capital community has issued a public statement in support of Israel after the country was attacked by terrorists, and more than 200 firms have signed it so far.
Bitcoin nearly 1-year after FTX's collapse
Before FTX's collapse, and in the weeks following, Bitcoin prices saw extreme volatility to the downside but have since clawed their way back due to a number of factors unrelated to the bankruptcy.
Author dishes on FTX founder's payments to Tom Brady, Steph Curry
Author Michael Lewis revealed how much Tom Brady and Steph Curry were paid by FTX founder Sam Bankman-Fried.
AI to transform business workflows and productivity, Goldman Sachs CIO says
Goldman Sachs CIO Marco Argenti told FOX Business that companies are already expecting real gains and results from AI in terms of boosting productivity and transforming workflows.
Chicago Board Options Exchange CEO resigns after failing to disclose personal relationships with colleagues
CBOE Global Markets CEO Edward Tilly has stepped down after failing to disclose having personal relationships with colleagues, the company announced Tuesday.
Elon Musk was dethroned by Peter Thiel in a coup led by the ‘PayPal Mafia’
Elon Musk biographer Walter Isaacson's new book about the billionaire details his ouster as PayPal CEO by a group known as the "PayPal Mafia" who replaced him with Peter Thiel.
Berkshire Hathaway sheds over 5 million shares from HP Inc stake
Berkshire Hathaway recently pared its stake in HP Inc. by several million shares, a SEC filing showed Wednesday. Its holdings of HP Inc now stand at 115.45 million shares.
Bill Gates' foundation trust bets big on Bud Light comeback
Microsoft co-founder Bill Gates' foundation trust recently bought 1.7 million shares of Bud Light parent company Anheuser-Busch as the company struggles amid controversy.
Student loan repayments will be starting again soon: Here's how to get it done
Student loan repayments begin again soon. Here are tips on how to get it done using organizational skills, spending strategies and payback implementation, according to money pros.
Stocks in September may be dicey
For stocks, September is historically one of the worst months on record, followed by an equally rough October. This year, the crosscurrents are a little different for investors.
China's surprise tax breaks offer short-term boost but won't be solution to economic woes: expert
China's flurry of moves to stimulate its economy have provided a small boost, but those policies are unlikely sustainable and will not result in long-term growth.
AI-powered investment platform becomes first non-human financial advisor regulated by SEC
Artificial intelligence-powered investing tool PortfolioPilot is now approved by the Securities and Exchange Commission for regulation as a financial advisor.