Sticker shock from Trump’s new trade tariffs months away
(Reuters) – It may take three or four months for American shoppers to feel the pinch from President Donald Trump’s latest round of tariff increases, but retailers will have little…
‘We screwed up’ not buying Google shares, Berkshire’s Munger says
Berkshire Hathaway Vice Chairman Charlie Munger walks past a crowd at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan (Reuters) – One of…
Warren Buffett defends Kraft, says Wells Fargo made ‘big mistakes’
OMAHA, Neb. (Reuters) – Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at…
Amazon aims to bring one-day delivery to Prime members around the globe
(Reuters) – Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that might…
Microsoft tops $1 trillion as it predicts more cloud growth
(Reuters) – Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. FILE PHOTO: The Microsoft…
EBay raises forecast as redesign draws customers, boosts ad revenue
(Reuters) – EBay Inc raised its full-year sales and profit forecasts on Tuesday, as user-friendly changes to its ecommerce platforms attracted more customers and also increased its advertising revenue. FILE…
Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions…
Foxconn’s Gou says will follow order of sea goddess to run for Taiwan presidency
FILE PHOTO: Terry Gou, founder and chairman of Foxconn, greets during an event that marks the 40th anniversary of the Taiwan Relations Act, in Taipei, Taiwan April 16, 2019. REUTERS/Tyrone…
Foxconn says Gou will remain chairman, to withdraw from daily operations
FILE PHOTO: Terry Gou, founder and chairman of Taiwan’s Foxconn Technology, attends a session of the second annual World Internet Conference in Wuzhen town of Jinxing, Zhejiang province, China, December…
China’s JD.com boss criticizes ‘slackers’ as company makes cuts
SHANGHAI (Reuters) – Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry’s grueling overtime work culture, lamenting…