Real estate broker Compass Tech and Compass for renters and insurance sellers Tech Lemonade also collapsed. All eyes are on the SPAC deferred deal for Better.com’s “technical” mortgage broker. I can not wait. by Wolf Richter about Wolf Street. Even on Good Friday, the second day of a big recovery after five days of sharp … Read more
Feb 26 (Reuters) – Warren Buffett hinted Saturday that he’ll stick with his knitting, bemoaning the lack of good investment opportunities for Berkshire Hathaway. (BRKa.N) Since he is sitting on a huge pile of cash even after buying back a huge amount of his shares. In his widely-read annual letter to Berkshire shareholders, the 91-year-old … Read more
Ukrainian Deputy Prime Minister has call him Apple stops selling its products and closes its App Store in Russia. Mikhailo Fedorov, who is also the country’s minister of digital transformation, asked Tim Cook for the tech giant’s support in a letter. “The whole world repels the aggressor by imposing sanctions – the enemy must suffer … Read more
They won first in Buffalo. Now they have achieved a victory on the other side of the country. On Friday, the National Labor Relations Board announced that workers at Starbucks in Mesa, Arizona, voted 25 to 3 to join a union, with three votes against. This brings the number of company-owned stores with unions to … Read more
The retailer, which Nike did not explicitly mention in its earnings report, said Friday that no single supplier is expected to account for more than 60% of its total purchases for fiscal year 2022. Nike accounted for 75% of its sales in 2020 according to Foot Lockers (Florida) Latest annual report. Foot Locker, whose suppliers … Read more
A red London bus passes the stock exchange in London, Britain, February 9, 2011. REUTERS/Luke MacGregor/File Photo Register now to get free unlimited access to Reuters.com Register LONDON (Reuters) – European shares rose on Friday after a late Wall Street rally, as investors cheered coordinated Western sanctions on Russia that have targeted its banks but … Read more
Briefly Bitcoin revenue is up from the same quarter last year, as has earnings. The company has not mentioned any plans to expand into other cryptocurrencies. Cash App – the popular mobile payment service developed by Block (formerly Square) – has become a very popular way to buy Bitcoin. According to today’s earnings report, the … Read more
WASHINGTON – The Justice Department on Thursday filed a lawsuit to block the $13 billion acquisition of a health technology company by a UnitedHealth Group company, in the latest move by the Biden administration to clamp down on corporate consolidation. The agency argued that UnitedHealth’s deal to buy health technology company Change Healthcare would give … Read more
Dow futures fell early Thursday, along with S&P 500 futures and Nasdaq futures, as Russian President Vladimir Putin launched a military offensive in Ukraine on several fronts. President Joe Biden said there would be “other consequences” against Russia. Bond yields fell while crude oil prices rose and gold futures rose. X The battered stock market … Read more
Dow futures fell overnight, along with S&P 500 futures and Nasdaq futures, as Russian President Vladimir Putin launched military operations in eastern Ukraine. President Joe Biden said there would be “other consequences” against Russia. Bond yields fell while crude oil and gold futures rose. X The battered stock market attempted to recover on Wednesday, but … Read more
