Business Newser

Each year in early May, tens of thousands of Warren Buffett disciples come to Omaha for Berkshire Hathaway’s annual meeting, featuring a marathon 6-hour question-and-answer session with Buffett and his business partner Charlie Munger. They cover a wide variety of topics, including how they make their investment decisions. They emphasize that you should buy a
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Shares of Roku jumped 25 percent Friday after the company reported fourth quarter 2018 earnings Thursday afternoon that beat analyst estimates. Roku reported earnings of $0.05 per share compared to $0.03 expected by analysts, according to Refinitiv. The company also surpassed revenue estimates of $262 million, per Refinitiv, reporting $276 million in revenue for the
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The second SpaceX launch of 2019 sent a hodgepodge trio of spacecraft into orbit, including an Israeli spacecraft that represents the first privately-funded lunar mission. SpaceX launched a Falcon 9 rocket on Thursday evening from Cape Canaveral Air Force Station in Florida. This was the third successful mission for the company’s rocket booster, which launched
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Check out the companies making headlines after the bell: Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton
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Fidelity Investments had a historic 2018, even as stock markets saw their worst performance in a decade. For the first time in history, Fidelity’s annual income topped $6 billion. It closed 2018 with a 19 percent increase in operating income, totaling $6.3 billion for the year. The Boston-based firm raked in a record $20.4 billion
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Dropbox stock rose slightly and then fell as much as 11 percent after the tech company reported disappointing guidance on its fourth-quarter earnings call on Thursday afternoon. Here’s how the company did in the quarter: Earnings: 10 cents per share, excluding certain items, vs. 8 cents per share as expected by analysts, according to Refinitiv.
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Patrick T. Fallon | Bloomberg | Getty Images Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest. Pinterest has confidentially filed for an IPO, and is looking for a valuation of at least $12 billion, The Wall Street Journal reported Thursday. Pinterest is one of several tech companies expected to go public this year,
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A single Wall Street analyst is responsible for skewing the revenue picture of the whole stock market. UBS analyst Brian Meredith slashed his fourth-quarter revenue estimate for Berkshire Hathaway on Tuesday, bringing the consensus forecast down to $48.4 billion from $63.5 billion for the Warren Buffett-led company, according to data provider Refinitiv. Because of the
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Franziska Krug | Getty Images Entertainment | Getty Images Karl Lagerfeld attends the ‘Corsa Karl Und Choupette’ Vernissage on February 03, 2015 Karl Lagerfeld’s cat Choupette is reportedly set to inherit some of the Chanel designer’s estimated $195 million fortune. Chanel confirmed on Tuesday that Lagerfeld, who had been the fashion house’s creative director since
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Americans are diving deeper and deeper into the red. As of this month, outstanding consumer debt exceeded $4 trillion for the first time, according to the Federal Reserve. Relatively strong holiday spending, particularly in November, and increasing credit card debt added more than $41 billion in outstanding balances at the end of 2018, according to
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What’s most impressive about Neighborhood Goods, compared with some of the other companies trying to mimic this model, are the brands it’s already attracted, partnered with and started to sell in its Texas store. Among them: Walmart‘s direct-to-consumer mattress brand Allswell, actress Reese Witherspoon’s clothing line Draper James, men’s and women’s wellness brands hims and
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