Author: Editor-In-Chief
(This is the Warren Buffett Watch newsletter, news and analysis about Warren Buffett and Berkshire Hathaway. Sign up here to receive it in your inbox every Friday night.)Todd Combs’ sudden departure from Berkshire Hathaway drew the most attention when it was announced this week.But Monday’s three-page news release also included some additional personnel changes, suggesting the company is moving toward a more traditional structure as Warren Buffett prepares to transfer the CEO title to Greg Abel within three weeks.Arrow pointing outside zoom in iconTodd Combs in a 2014 CNBC interviewCombs is going to do this. JP Morgan Chase Next month,…
Brussels AP — The European Union on Friday indefinitely froze Russian assets in Europe to prevent Hungary and Slovakia, which have Russia-friendly governments, from blocking billions of euros from being used to aid Ukraine. The EU has used special economic emergency procedures to block Russia’s assets until it abandons its war against Ukraine and pays for the enormous damage it has caused to its neighbor over almost four years. EU Council President Antonio Costa said in October that European leaders “committed to locking up Russian assets until Russia ends its war of aggression in Ukraine and compensates for the damage…
Mikel Arteta has branded elements of Arsenal’s performance against Wolves as “unacceptable”, blaming Arsenal’s “passive” and “horrible defensive habits” that allowed Arsenal to equalize in the final minute. In the end, the Gunners won 2-1 thanks to Wolves’ second own goal of the night. The victory extended their advantage at the top of the Premier League to five points, but it was far from a direct showdown with the club at the bottom of the division, and Wolves’ 90th-minute equalizer was almost costly. Arteta said his side were “passive” in the moments before Tor Arrocodare’s header brought Wolves level at…
The S&P 500 hit a wall on Friday, ending the week lower just one day after closing at a record high. The rotation of tech stocks that supported the Dow was on full display. Wednesday’s all-out rally after the Federal Reserve cut interest rates for the third time this year has long been forgotten. .SPX .IXIC,.DJI 5D Mountain Last week’s S&P 500, Nasdaq, Dow Over the week, the broader market S&P 500 fell about 0.6%, while the tech-heavy Nasdaq fell 1.6%, ending a two-week winning streak. A sector shuffle, with weekly winners in materials, financials and industrials and weekly losers…
US President Donald Trump has vowed to pursue “significant retaliation” against ISIL (ISIS) after an ambush in central Syria killed two American soldiers and a civilian interpreter.Saturday’s attack on U.S. forces resulted in the first casualties since the fall of Syrian President Bashar al-Assad a year ago.Recommended stories list of 4 itemsend of listThe attack also injured three U.S. military personnel and at least two Syrian soldiers, according to government and media reports.President Trump said in a social media post that he had received confirmation that the injured US soldier was “fine.”However, he warned that there would be serious consequences…
Jerusalem — In another major expansion of Israeli settlements in the occupied West Bank, Israel’s cabinet on Thursday approved the legalization and establishment of a number of settler outposts, according to Israeli officials familiar with the matter. The decision authorizes 19 outposts across the West Bank, including two that were evacuated in the 2005 withdrawal plan. According to the Palestinian news agency WAFA, in response to news of the decision, Palestinian Presidential Spokesperson Nabil Abu Rudeineh said, “All Israeli settlement activities are illegal and constitute a violation of international law and international legitimacy resolutions.” The outposts are not only illegal…
Everything is bigger in Texas. This also applies to data center demand in the Lone Star State, where project developers are rushing to cash in on the artificial intelligence boom. A combination of cheap land and cheap energy is drawing a slew of data center developers to the state. Energy experts say the potential demand is so huge that it will be impossible to meet it by the end of 2010. Speculative projects have clogged the pipelines that connect to the power grid, making it difficult to determine how much demand will actually be realized. However, if demand forecasts inflate…
Enzo Maresca has said he had a “worst 48 hours” as Chelsea head coach before his explosive 2-0 victory over Everton.Chelsea’s victory over the Toffees ended a run of four games without a competitive win and moved them back into the Premier League’s top four, but Maresca was clearly unhappy despite the pressure being taken off by their first win since November 22. In an unusual fury, the Blues manager suggested he and his team felt unsupported, before refusing to reveal what the issue was and to whom his words were directed. When asked about Maro Gusto’s performance against Everton,…
Despite Costco’s “down” year, Jim Cramer is urging investors to stick with the company, one of the world’s largest retailers. “If you really want to oppose Costco, give them another funeral notice,” Jim said on Friday’s show “Squawk on the Street.” His sharp comments came after the bell Thursday, a day after Costco reported strong financial results for the first quarter of fiscal 2026. The retailer saw strong sales and bottom line growth due to increased membership fees, increased net sales, and healthy profits. But the stock fell about 0.8% on Friday, indicating the positive news wasn’t enough to sway…
Former FBI Director and author James Comey speaks at Barnes & Noble Upper West Side in New York City on May 19, 2025. Mr. Comey sat down with Mr. Esposito to talk about his career and his new book, “FDR DRIVE,” the third in a series of fictional crime novels featuring attorney Nora Carlton.Michael M. Santiago | Getty Images News | Getty ImagesProsecutors must return evidence seized from key figures in the dismissed criminal case against former FBI Director James Comey, but the U.S. Justice Department can seek new warrants for the information, a federal judge has ruled.The ruling is…