Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

President Nancy Pelosi expected in Taipei later today Caterpillar drops after missing sales estimates Uber wins after reporting positive cash flow Indices down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Major Wall Street indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of U.S. House of Representatives Speaker Nancy Pelosi’s … Read more

HSBC hangs up on Ping An break call, lifts payment and profit target

HSBC will return to paying quarterly dividends from 2023 Aims to attract investors with a higher profitability target Splitting up Asian companies carries huge risks London shares rise 6% LONDON/SINGAPORE, August 1 (Reuters) – HSBC (HSBA.L) rejected a proposal from major shareholder Ping An Insurance Group Co of China (601318.SS) to split the lender, a … Read more