Warren Buffett stepping down from the Kraft Heinz board hasn’t “really changed anything,” Bernardo Hees, the ketchup maker’s CEO said Friday. Hees’ comments came in response to a question from CNBC’s Becky Quick about whether Buffett’s departure would allow the company to make a hostile bid. “I don’t think Warren leaving the board really changed […]
Read moreWarren Buffett appears to be pushing Apple stock ahead of the rest of the tech sector. The Dow dropped 100 points at the open; tech giants Amazon, Alphabet, Netflix and Facebook all started trading in the red — but Apple is up more than 3 percent. Buffett is in Omaha for the annual meeting of […]
Read moreHere’s a breakdown of the biggest numbers in Friday’s nonfarm payroll report for April: The good: The unemployment rate fell to 3.9 percent during the month, the lowest level since December 2000. Black unemployment dropped to 6.6 percent, its lowest level ever. The bad: There were two points that gathered a lot of attention — […]
Read moreTrust is eroding in Silicon Valley, according to former Yahoo executive Susan Decker — and tech leaders need to get ahead of the trend. “You have a combination of things that are eroding the trust in Silicon Valley. You have the privacy issues, you have the fake news, you have concerns about addiction to devices,” […]
Read moreAs U.S. and Chinese officials engage in highly anticipated trade talks, officials from China have asserted that it will not discuss two of the biggest trade demands from the United States. One is about the U.S. trade deficit; the other is an issue that could become the greatest technology war in history: China’s push into […]
Read moreWith summer just on the horizon, about three-and-a-half million high school seniors will soon graduate. For those graduates who plan on finding a part-time or full-time job, the April jobs report shows that numerous opportunities await them, particularly in the service sector. Among the 164,000 net new jobs added, an impressive 119,000—nearly three quarters—were service-related. […]
Read moreWarren Buffett is not looking to buy all or part of General Electric, the investment magnate told CNBC on Friday. “That’s not the case. If that was the case, I wouldn’t be talking about it anyway,” Buffett told CNBC’s Becky Quick. Unsubstantiated reports in March that some big investors were beginning to analyze buying all […]
Read moreEncouraged by a booming demand for construction equipment, Mike Haberman was planning in early February to hire at least 30 more workers for the manufacturing facility of his Gradall Industries in Ohio. That plan now is shelved, Haberman said, because the cost of steel used in Gradall’s telescopic excavators and vacuum trucks shot up by […]
Read moreThe unemployment rate fell to 3.9 percent in April, an 18-year low, even as nonfarm payrolls rose by just 164,000, according to a report Friday from the Bureau of Labor Statistics. Economists surveyed by Reuters had expected payroll growth of 192,000 and the jobless rate to drop by one-tenth of a percent to 4.0 percent. […]
Read moreThe country’s official jobs number report released by the Bureau of Labor Statistics charts the unemployment rate—and has been the cause for cheer the last few cycles. While this rosy economic outlook spells good news for many Americans, a growing threat looms. As e-commerce increases from the likes of Amazon and other online retailers, greater […]
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