Warren Buffett Breaks 6-Year Streak Of Berkshire Hathaway Stock Buybacks, Say ‘It’s Too Expensive’ Berkshire Hathaway CEO Warren Buffett recently ended a six-year streak of stock buybacks for the company. While the company regularly participates in stock buybacks, it did not do so during the third quarter, according to Securities and Exchange Commission filings. Despite having over $325 billion in cash reserves, Buffett opted not to use that cash to

Leylaynr | E+ | Getty Images U.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. The sharp rise in reported scams from the first three quarters of 2023 comes as banks have put in place more controls to prevent account takeovers and other forms of fraud, according

Spirit Airlines (SAVE) stock was sinking sharply Wednesday, after a report late Tuesday indicated that the ultra-low-cost carrier is preparing to file for bankruptcy. The Wall Street Journal (NWSA), citing unnamed sources familiar with the matter, reports that the bankruptcy talks come after a potential merger with Frontier Airlines fell apart. A bankruptcy filing could happen within weeks, The Journal reports, as the airline has faced steep losses and looming

U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.  That matched forecasts from economists polled by FactSet that the Consumer Price Index rose 2.6% in October. The CPI rose 2.4% in September, when the Fed ushered in a jumbo rate cut of 0.5 percentage points, followed

Why Is Super Micro Computer Stock Trading Lower On Wednesday? Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost. The company must also submit its 2024 Form 10-K for the fiscal year ending June 30, 2024. Following concerns from its previous independent accounting

Check out the companies making headlines before the bell. Cava — The fast-casual restaurant chain surged nearly 19% after third-quarter results exceeded analysts’ expectations. Earnings of 15 cents per share topped the 11-cent consensus estimate from analysts polled by LSEG, while revenue of $244 million revenue was also above the $234 million estimate. EchoStar — EchoStar dipped 1% after reporting earnings that disappointed investors. DirecTV’s proposed acquisition of EchoStar subsidiary

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Breadcrumb Trail Links News 85% of immigrants faced at least one financial barrier that hurt their security Published Nov 13, 2024  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The data from Interac Corp. shows 61 per cent of newcomers to Canada feel financially confident when first arriving in Canada. Article content About six in 10 newcomers

US stock futures drifted lower on Wednesday ahead of fresh consumer inflation data, as investors weighed whether a Donald Trump White House would whip up price pressures. Dow Jones Industrial Average futures (YM=F) fell roughly 0.3%, coming off a steep slide as stocks closed lower across the board. Contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) also shed 0.3%. Inflation has taken center stage again after

Breadcrumb Trail Links Investor Economy Rosenberg Research thinks Canadian dollar at 66 cents is in the cards Published Nov 13, 2024  •  Last updated 17 minutes ago  •  5 minute read You can save this article by registering for free here. Or sign-in if you have an account. The loonie could suffer from a further erosion of Canadian competitiveness. Photo by Peter J Thompson/National Post Article content By Dylan Smith While