Money

Warren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the place to be these days,” the legendary investor wrote in Berkshire Hathaway’s annual letter to shareholders, lamenting that the yield on 10-year Treasury bonds has fallen 94% since September 1981. The big picture: Interest rates

Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those problems, and the pandemic, are also hitting investment. Chinese investment in Australia plunged to just over 1 billion Australian dollars ($775 million) in 2020, down 62% from the previous year,

Facebook has turned the news back on. In Australia, the websites that were previously blocked by Facebook are now accessible and sharable once again. But the battle involving social networks and news is just beginning. Australia’s government passed a law that offered a glimpse at the future for Facebook and media consumers around the world.

India issued strict new rules on Thursday for Facebook, Twitter and other social media platforms weeks after the country’s government attempted to pressure Twitter to take down accounts it deemed incendiary. The rules require any social media company to create three roles in India: a “compliance officer” who will ensure they follow local laws; a

OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under pressure to cool off the red-hot market. US crude has raced back above $60 a barrel. That’s a far cry from the depths it reached last April when oil crashed below

With the movie business upended during the pandemic and tilting more towards streaming than cineplexes, Hollywood is rethinking its business model. One significant debate is how long a gap there should be between a film’s theatrical release and its availability on streaming services. Although some studios have tried releasing films simultaneously in theaters and on

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