Money

Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are still being channeled into fossil fuels, and Asia’s banks are doing much of that business. Globally, 380 commercial banks lent

The Oracle of Omaha said he made a mistake. In his annual letter to shareholders of Berkshire Hathaway, investing guru Warren Buffett disclosed that the company took an $11 billion writedown last year on its 2016 purchase of Precision Castparts, describing it as “a mistake.” The 90-year-old billionaire, Berkshire’s chairman since 1970, said in the

Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for many landlords across the US, the news came as a nightmare. “It’s important to recognize that, after 10 months of severe economic distress, job loss, and decline in rent collections, everyone is

Peppa Pig is looking to hog some of the Florida sunshine enjoyed by Mickey Mouse and Harry Potter. The animated British piglet popular with preschoolers is getting her own tourist attraction — complete with muddy puddles — that developers say will be “perfect for a first theme park experience.” Children everywhere should be squealing to

A former Republican operative who now leads one of the nation’s most powerful business groups is praising President Joe Biden’s efforts to defeat the coronavirus pandemic. “It is fantastic to have a partner in the White House,” Jay Timmons, president and CEO of the National Association of Manufacturers, told CNN Business. “We felt like we

Warren Buffett is going to Hollywood. The annual Berkshire Hathaway shareholder meeting on May 1, normally held in Buffett’s home town of Omaha, Nebraska, will instead be livestreamed from Los Angeles. Buffett, who has a net worth of more than $90 billion, said in Berkshire Hathaway’s shareholder letter Saturday morning that the meeting would be

The major order of business for President Joe Biden and Congress is to pass a $1.9 trillion Covid relief package before the round of unemployment benefits and other aid approved in December lapse, again leaving millions of Americans short of help. What’s riding on this negotiation is the $1,400 stimulus checks proposed by Biden even

Former President Donald Trump on Friday endorsed a primary challenger running against Ohio’s Rep. Anthony Gonzalez, who voted to impeach Trump last month, in an early sign of the former President’s plans to exert his influence on Republican primaries ahead of the 2022 midterm elections. “Max Miller is a wonderful person who did a great

At a McDonald’s drive-thru in a Chicago suburb, customers may notice something different about the voice that takes their orders for Big Macs and fries. “Welcome to McDonald’s, what can I get for you?” it asks in a welcoming, unmistakably feminine tone. While the voice sounds helpful, it’s also stilted and monotonous enough for the

For Kamille Elizabeth, delivering Amazon packages in Wilmington, Delaware feels carefree and comfortable. She has deliveries to make and rules to follow, but says she enjoys being on the road by herself with what she calls a “limited freedom.” But Elizabeth’s work environment is set to change as Amazon announced this month that it has

Foxconn, the Taiwan-based electronics manufacturing company best known for assembling the Apple iPhone, is working on an agreement with the California electric car company Fisker to develop an electric vehicle, the companies announced Wednesday. Fisker Inc. went public last year through a SPAC merger with Spartan Energy Acquisition. Founded by car designer Henrik Fisker, the

ViacomCBS has been heavily advertising Paramount+, its new streaming service, with an ad campaign that has some of its biggest stars — everyone from James Corden to Beavis and Butt-Head — on an expedition to scale Paramount Mountain. On Wednesday, consumers and the rest of the streaming world discovered what’s at that mountaintop. In a

Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower. Japan’s Nikkei 225 tumbled 4%, while Hong Kong’s Hang Seng Index closed down 3.6% — that index’s worst day in nine months. South Korea’s Kospi dropped 2.8%, while China’s Shanghai Composite Index lost 2.1%.