By Julia Horowitz, CNN Business For years, billionaire investor Warren Buffett has been sitting on a mountain of cash. But with stocks at record highs, he struggled to find deals that caught his eye. Now, with many other investors in selling mode, he’s going shopping. What’s happening: Buffett’s Berkshire Hathaway just disclosed that it bought
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By Donie O’Sullivan and Sean Lyngaas, CNN Business Facebook parent company Meta detailed Thursday an array of shady cyber tactics that it says groups linked to Russia and Belarus are using to target Ukrainian soldiers and civilians. The tactics the groups are using, according to Meta, include posing as journalists and independent news outlets online
Continue Reading By Donie O’Sullivan and Sean Lyngaas, CNN Business Facebook parent company Meta detailed Thursday an array of shady cyber tactics that it says groups linked to Russia and Belarus are using to target Ukrainian soldiers and civilians. The tactics the groups are using, according to Meta, include posing as journalists and independent news outlets online
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By Anna Cooban, CNN Business The UK government wants to dramatically ramp up production of nuclear power and wind energy, while also drilling for more oil and gas, in a bid to reduce imports and bring down eye-watering prices. Unveiling its new Energy Security Strategy on Wednesday, the government set out plans to generate 95%
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By Michelle Toh, CNN Business JD.com’s billionaire founder is stepping down as CEO, in the latest leadership reshuffle at a major Chinese tech company. The Chinese tech giant announced Thursday that Richard Liu would pass the baton to Lei Xu, JD.com’s current president, effective immediately. Liu, who owns a controlling stake with about 77% of
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By Rob Frehse and Brian Vitagliano, CNN Alex Jones was deposed over two days this week in the defamation suit brought against him by families of victims of the Sandy Hook shooting, according to a court filing from two attorneys representing Jones. The deposition, which occurred Tuesday and Wednesday, came less than a week after
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BOONE COUNTY, Mo. (KMIZ) On Tuesday, voters in Boone County and Columbia passed a Proposition 1 Use Tax on the ballot which will add a sales tax on out-of-state vendors for online purchases. Boone County’s use tax will be 1.75% and Columbia’s be will 2%. This is the exact same as what residents already pay
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By Oliver Darcy, CNN Business NBC News journalists are troubled by and have expressed dismay to network executives about MSNBC’s intention to hire White House press secretary Jen Psaki when she exits the Biden administration, people familiar with the matter told CNN. Noah Oppenheim, the NBC News president, even held an impromptu phone call Friday
Continue Reading By Oliver Darcy, CNN Business NBC News journalists are troubled by and have expressed dismay to network executives about MSNBC’s intention to hire White House press secretary Jen Psaki when she exits the Biden administration, people familiar with the matter told CNN. Noah Oppenheim, the NBC News president, even held an impromptu phone call Friday
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By Jon Sarlin, CNN Business Sky Mavis, makers of the crypto “play-to-earn” game “Axie Infinity,” announced on Wednesday it had raised a $150 million investment. The news comes on the heels of recent and widely-publicized hack of the company in which around $625 million in assets were stolen. The company says the additional money will
Continue Reading By Richard Quest Ever since governments across the globe started slapping sanctions on Russia over its invasion of Ukraine, cryptocurrencies have been under scrutiny. The concern is that Russian banks and individuals who have had their assets frozen could potentially use the digital money to evade sanctions. The US and European Union rely heavily on
Continue Reading By Richard Quest Ever since governments across the globe started slapping sanctions on Russia over its invasion of Ukraine, cryptocurrencies have been under scrutiny. The concern is that Russian banks and individuals who have had their assets frozen could potentially use the digital money to evade sanctions. The US and European Union rely heavily on
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By Chris Isidore, CNN Business Elon Musk has gotten a lot of attention from buying a 9.1% stake in Twitter, along with landing a seat on the company’s board. He’s also worth an additional $1 billion. In a new filing late Tuesday, Musk disclosed how much he paid for the 73 million shares he started
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By Nicole Goodkind, CNN Business Wall Street’s biggest players have had a rough start to the year. All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom. Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their
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By Anneken Tappe, CNN Business The Federal Reserve is ready to raise interest rates at a faster pace to get a handle on America’s pervasive inflation problem, according to minutes from the central bank’s March meeting released Wednesday. The minutes said “many participants” at the Fed’s meeting in March noted they would have preferred a
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By David Goldman, CNN Business The West is tapping more of its emergency oil reserves to help wean itself off Russian crude. The International Energy Agency announced Wednesday it would supply the oil market with 60 million additional barrels of crude from its emergency stockpiles. The Paris-based IEA, which monitors energy supplies for the world’s
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By David Goldman, CNN Business Oil prices may have met their match — for now, at least. Crude futures are tumbling yet again, sinking nearly 3%. After nearing $140 a barrel in early March and topping $120 as recently as two weeks ago, Brent futures have fallen in nearly a straight line and now sit
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By Frank Pallotta, CNN Business Covid is in a lull in the United States: Masks are often an afterthought, people are going out again and some of the worst-hit industries during the pandemic — like movie theaters — are starting to get back to normal. That’s why so much is riding on one particular blockbuster:
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By Parija Kavilanz, CNN Business H&M is coming out with a new line of baby clothes that can be recycled in an unexpected way once they’re worn out — composting. The 12-piece organic cotton collection for newborns (priced from $4.99 to $17.99) launches in May and includes tops, bottoms with adjustable waistbands and cuffs, jackets,
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By Matt Egan, CNN Business Leading oil company CEOs declined on Wednesday to endorse a call from Democrats to reduce dividends and share buybacks and plow the money into ramping up production instead. During a hearing, Rep. Frank Pallone, a New Jersey Democrat, asked the top executives from ExxonMobil, Chevron, BP, Shell, Pioneer Natural Resources
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