Warren Buffett’s Berkshire Hathaway said Thursday it made new investments in Domino’s Pizza and Pool Corp. in the third quarter, even as it retrenched from stocks such as Apple and Bank of America.Berkshire owned 1.28 million Domino shares worth about $549 million as of Sept. 30. It also owned 404,000 shares of Pool, a distributor of swimming pool supplies, worth about $152 million as of that date.Warren Buffett’s Berkshire Hathaway retrenched from from stocks such as Apple and Bank of America REUTERSThe in ...

Walt Disney reported earnings that topped Wall Street’s estimates on Thursday, propelled by blockbuster ticket sales from the rude and irreverent summer Marvel film “Deadpool & Wolverine,” and provided an upbeat forecast for the coming year.The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly $8 billion. It also said it expects to buy back $3 billion worth of stock.Disney’s stock jumped 10.2% to $113.17, its h ...

Boeing said it is issuing layoff notices to employees who are included in the aerospace giant’s broader workforce reduction plan.The approximately 17,000 employees included in the cuts were notified this week and are expected to leave the company in mid-January, Boeing said. The cuts, which come after a labor union strike, equate to 10% of its workforce.“We are adjusting our workforce levels to align with our financial reality and a more focused set of priorities,” Boeing said in a statement to FOX Business ...

Apple is planning on launching a wall-mounted display that can control appliances, handle video conferencing and use artificial intelligence to navigate apps, Bloomberg News reported on Tuesday, citing people with knowledge of the effort. The product, code-named J490, could be announced as early as March, the report said, adding that it will spotlight the new AI platform, Apple Intelligence. Apple did not immediately respond to a Reuters request for comment. The product, code-named J490, could be announced ...

Embattled media giant Disney is expanding its search for Bob Iger’s successor beyond the the walls of the Magic Kingdom, according to a new report. The Mouse House had been mulling a handful of internal candidates, but is now working with recruiters from search firm Heidrick & Struggles to conduct its review of external contenders for the top job, The Wall Street Journal reported Tuesday.One possible successor from the outside is Electronic Arts CEO Andrew Wilson, a name that has been consistently floated i ...

Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on ingredients and hurting its stock price.In a proposed class action filed in Santa Ana, Calif., federal court, shareholders said Chipotle failed to disclose growing unhappiness among customers with inconsistent portion sizes for its burritos and rice bowls.They said the truth came out as customers voiced dismay on TikTok and other social media, pro ...

Hedge funds betting against Elon Musk's Tesla have lost billions of dollars after Donald Trump's White House win last week, according to a report. Investment firms with short positions on the electric car maker's stock between Election Day and Friday's close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled by S3 Partners. Many funds had unwound bets against Tesla over the past four months, despite challenges for electric vehicle makers like tariff ...

Core Insights - A key executive from Google's news division, Shailesh Prakash, has resigned amid rising tensions with publishers over advertising revenue issues [1][2] - Prakash's departure comes during a period of scrutiny for Google regarding its business practices and their impact on news publishers [4][6] Group 1: Executive Departure - Shailesh Prakash served as vice president and general manager for Google News and had previously worked at the Washington Post [2][3] - His experience included guiding the Washington Post's transition to digital content and working closely with Jeff Bezos after the acquisition of the newspaper [3] Group 2: Industry Tensions - Google has faced criticism for its "AI Overviews" feature, which allegedly harms traffic to news publishers by summarizing content without proper attribution [4][5] - The News Media Alliance has expressed concerns that this feature could be "catastrophic" for publisher traffic and has called for federal intervention [5] Group 3: Legal and Regulatory Scrutiny - Google is under investigation by the Justice Department for alleged antitrust violations related to its digital advertising practices [8][9] - A federal judge ruled that Google operates an illegal monopoly over online search, with potential remedies expected by next summer [10]

Goldman Sachs added dozens of bankers to Wall Street’s most exclusive club on Thursday by naming 95 new partners — the largest number since former CEO Lloyd Blankfein’s promoted 115 financiers in 2006. Goldman’s latest class of new partners — which includes 26 female bankers — also marks the biggest group by far since David Solomon became CEO in 2018. The announcement comes amid a flurry of dealmaking activity in the world’s financial capital that has boosted profits at Goldman’s lower Manhattan headquarter ...

General Motors said Thursday it will end production of the gas-powered Cadillac XT4 in January as it shifts production at its Kansas plant to electric vehicles.GM is investing $390 million at its Kansas assembly plant to build next-generation Chevrolet Bolt EVs.GM will end production of the gas-powered Cadillac XT4 in January. Tamara Beckwith/NY PostGM is investing $390 million at its Kansas assembly plant to build next-generation Chevrolet Bolt EVs APGM plans to end production of its Chevrolet Malibu in th ...