Rising wages and worker shortages, compounded by increases in Covid-19-related absenteeism, are changing some manufacturers’ attitudes about robots.
One of Warren Buffett's famous sayings is, "Be greedy when others are fearful." With the vast amount of selling in the past few weeks, Buffett is likely scooping up shares of his favorite companies at lower valuations. After all, Berkshire Hathaway has more than $106 billion in cash sitting on its balance sheet, just waiting to be put to good use.
Thousands of flights across the country have been canceled over the past week, largely due to the ongoing pilot shortage and severe weather.
Age 62 is the first year you're eligible for Social Security, but your benefit amount will lower. We go over how to retire comfortably at 62.
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans.
Lori Augustine took a familiar path to the Bay Area, loading up a U-Haul and moving here from Missouri for better economic opportunities and the freedom to be herself as a gay woman. Finding a job was a secondary concern, joining United Airlines as a customer service agent shortly after arriving in the Bay Area 25 years ago. Today, after senior leadership roles for United in Los Angeles and its Chicago headquarters, she dubs herself the CEO of United’s hub at SFO, where she oversees much of the carrier’s operations.
A deluge of trades strained Robinhood Markets and the markets ecosystem surrounding it during the week in January 2021 when meme stocks exploded, according to a House panel.
Chipotle, Waste Management and others gear hiring around reaching a milestone they say is critical to employee retention.
Denbury, California Resources, and Occidental Petroleum can benefit from a possible congressional extension of a tax incentive for carbon capture.
(Bloomberg) -- When a top Biden administration official was in Cape Town for a mining conference last month, he heard from a number of African nations desperate for foreign investment to help dig up critical minerals like lithium, manganese and cobalt.Most Read from BloombergGermany Pushes for G-7 Reversal on Fossil Fuels in Climate BlowSupreme Court Overturns Roe, Transforming Abortion-Rights FightJustice Kavanaugh Says States May Not Bar Travel to Obtain an AbortionProtest Latest: Tear Gas Use
The judge who awarded a Virginia startup a $2.75 billion judgment against the networking giant had a conflict of interest, the court ruled.
Kellogg just announced plans to break into three separate businesses. Here's why investors should like it and why you might want to worry, too.
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory and cutting it off from the rest of the pipeline. Russia said it would be a matter for lawyers if Germany took such steps.
(Reuters) -Apple Inc accepts the outcome of a vote by Maryland store workers to become its first U.S. employees to join a union and is ready to bargain with them, a person familiar with the matter told Reuters on Friday. Apple is one of several major American companies whose workforces have moved to unionize, with workers at some Starbucks Corp and Amazon Inc locations also voting to join a union in recent months. Nearly two-thirds of the employees at the Apple store in Towson, Maryland who organized as the Coalition of Organized Retail Employees (CORE), voted to join a union last week.
Leaders of United Airlines’ pilots union signed off on a tentative contract agreement that would raise pilots’ pay by more than 14% within 18 months.
A downturn in cryptocurrency prices and crash of one stablecoin has led some investors to try to recover their losses in U.S. court. Here is how cryptocurrency litigation has fared so far and the challenges investors may face. Companies that created cryptocurrencies, exchanges that facilitated their sale, and individuals who promoted them have all been sued.
Oil futures settled higher on Friday, with U.S. prices recouping much of the losses they suffered on the back of recession concerns over the last two trading sessions. Prices, however, still posted a decline for the week, the second weekly decline in a row. West Texas Intermediate crude for August delivery rose $3.35, or 3.2%, to settle at $107.62 a barrel on the New York Mercantile Exchange. Prices based on the front month edged down by 0.3% for the week after settling Thursday at the lowest th
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has a knack for making money. Despite navigating his way through more than a half-dozen bear markets since taking the reins in 1965, the Oracle of Omaha has created more than $590 billion in shareholder value and overseen a better than 3,600,000% aggregate return for his company's Class A shares (BRK.A). Warren Buffett's success as an investor is the result of a long list of factors, including his love of dividend-paying stocks and time-tested businesses that can outperform in virtually any economic environment.
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won't turn it back on again. This week, Russia cut gas flows to Europe to 40% of the pipeline's capacity, blaming delayed equipment repairs and leaving Germany and other European states racing to find alternative supplies to head off the risk of rationing when winter comes. Now, Europe fears President Vladimir Putin will use a scheduled maintenance programme on the pipeline from July 11 to 21 to turn the screws, putting a brake on efforts to refill inventories in retaliation for far-reaching sanctions over Moscow's invasion of Ukraine.
Unity Software (NYSE: U), the creator of one of the world's top video game development engines, went public at $52 per share in September 2020. Unity's stock had already declined to the $60s by early May, but it plummeted nearly 30% in a single day following its first-quarter report on May 10.
United Airlines pilots will get more than 14% in pay raises in 18 months, and paid maternity leave under a new deal negotiated with the company, demonstrating the bargaining power aviators are enjoying in a short-staffed industry. The two-year agreement, approved by union leaders on Friday, will now be sent out to members for ratification. The contract provides more than 14.5% cumulative pay increases and enhanced overtime and training pay, said the Air Line Pilots Association (ALPA), which represents over 14,000 pilots at the Chicago-based carrier.