(Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in Citigroup and Bank of America. In a regulatory filing, Berkshire said it ended 2024 with 5.62 million Constellation shares worth $1.24 billion. It lowered its Citigroup stake 74% to…
WASHINGTON (Reuters) – Boeing CEO Kelly Ortberg will testify on April 2 before the U.S. Senate Commerce Committee, the panel’s chair, Republican Senator Ted Cruz, said on Friday. The hearing will examine the steps taken at Boeing to address its production and safety issues following an Alaska Airlines Flight 1282 incident last year and a…
PALM DESERT, California (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Friday reiterated her view that even if inflation nears the Fed’s 2% goal in coming months, the U.S. central bank should not necessarily reduce short-term borrowing costs in response. “I think there’s a real question about how restrictive monetary policy is…
NEW YORK (Reuters) – A U.S. judge on Friday extended a temporary block on Elon Musk’s government cost-cutting team, known as DOGE, from accessing Treasury Department systems responsible for trillions of dollars in payments. U.S. District Judge Jeannette Vargas in Manhattan said at a hearing that she would not yet rule on a request from 19…
