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Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
It’s Berkshire’s first major acquisition since Greg Abel became chief executive on Jan. 1, and Warren Buffett, now 95 and a chairman, made a point of standing back from it. While Abel has been at the helm for several months now and presided over the company’s annual shareholders meeting for the first time as CEO last month, Buffett indicated his successor…
Southwest exec says the free bag and assigned seating overhaul is already paying off
“We are a brand that’s been iconic, but we want to be sustainable,” Roach told a crowd of execs at the “The Bold Bets That Are Reshaping Customer Experience Today” panel. “And so fundamentally we need to change our business model, so that we have the future to look forward to.”Southwest has also pushed further upmarket, adding more premium offerings…
Data center CEO is hoping for a skilled-trades revival in his lifetime—he’s recruiting couch-dwelling Gen Z with two weeks of vacation on day one
It’s a great time to be in the skilled trades.“There’s no doubt there’s a skilled trade shortage now,” he said at Fortune’s COO Summit in Scottsdale, Arizona on Tuesday. He speaks from experience. Early in his career, Peyovich worked as a carpenter before eventually moving into corporate leadership, drawn—by his own admission—to higher pay. But now, he’s become an advocate for…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
Mutual Funds Maintain Momentum: AUM Soars 38% in India (February 2024)
The Indian mutual fund industry continues to witness impressive growth, with assets under management (AUM) surging by 38% year-on-year in February 2024. This significant increase highlights the sustained investor appetite…
