By Jonathan Stempel (Reuters) -Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. For a 12th straight quarter, Buffett’s conglomerate sold more stocks than it bought for its…
By Stephen Nellis, Akash Sriram and Kenrick Cai WASHINGTON (Reuters) -Apple Chief Executive Tim Cook on Thursday gave forecasts for holiday quarter iPhone sales and overall revenue that surpass Wall Street expectations, powered by orders for iPhone 17 models that the company is racing to fulfill amid continuing supply constraints. The constraints, as well as…
10 AI Stocks to Lead the Next Decade Today’s Breaking News ⏳ When others make $1, you could make $10 [sponsor] AI boom drives trillion-dollar tech valuations and record bets on chipmakers Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
By Trevor Hunnicutt and Eduardo Baptista ABOARD AIR FORCE ONE/GYEONGJU (Reuters) -U.S. President Donald Trump may have teased that he could discuss Nvidia’s state-of-the-art artificial intelligence Blackwell chips with Chinese President Xi Jinping, but in the end, he said the topic did not come up. After Thursday’s meeting in South Korea, Trump told reporters aboard…
By Anmol Choubey (Reuters) -Gold’s winning streak is seen extending into next year, with analysts forecasting an annual average price above $4,000 per ounce for the first time as economic and geopolitical turmoil keep the metal’s safe-haven allure intact, a Reuters poll showed. The poll of 39 analysts and traders returned a median forecast of…
(Reuters) -Goldman Sachs CEO David Solomon on Thursday expressed concerns that mounting U.S. government debt will pose more of a problem if the economy does not grow faster. “If we continue on the current course, and we don’t take the growth level up… there will be a reckoning,” Solomon told the Economic Club of Washington. …
(Reuters) -Top technology companies hit fresh valuation milestones in October, as their shares climbed on expectations of robust demand for AI chips and computing infrastructure driven by the artificial intelligence boom. Nvidia’s shares jumped nearly 11% over the past month, adding about $500 billion in market value as it became the first company to reach…
By Trevor Hunnicutt and Eduardo Baptista AIR FORCE ONE/GYEONGJU, South Korea (Reuters) -U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia’s state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday. Sales of the U.S. firm’s high-end AI chips to China, which accounted for 13% of…
(Reuters) -U.S. refiner Valero Energy surpassed Wall Street expectations for third-quarter profit on Thursday, helped by a rebound in refining margins. Shares of the company, which kicked off the earnings season for U.S. refiners, rose 1.5% to $164.40 in premarket trading. Refining margins have rebounded from multi-year lows in 2024 after two years of bumper…
By Tom Hals DOVER, Delaware (Reuters) -Elon Musk’s $56 billion pay package from Tesla should have been restored by a vote of the company’s shareholders last year, a Tesla attorney argued to the Delaware Supreme Court on Wednesday. One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded…
