Category: business

Warren Buffett, the renowned CEO of Berkshire Hathaway, wasn’t overly optimistic about the stock market in 2024. Over the past year, Buffett made significant moves, offloading over $134 billion worth of equities from his holding company’s portfolio. In particular, the fourth quarter saw heavy sales of bank stocks, including a 15% reduction of Berkshire’s stake […]

Aston Martin, the iconic British luxury carmaker known for being the vehicle of choice for fictional spy James Bond, announced plans to reduce its workforce by 5% in an effort to save £25 million ($31.61 million). This decision follows a sharp rise in the company’s losses, mounting debt, and disappointing sales forecasts. Shares of Aston […]

Warner Bros. Discovery Falls Short of Wall Street Estimates in Q4 Revenue Warner Bros. Discovery reported lower-than-expected revenue for the fourth quarter, impacted by the ongoing decline in the cable TV sector and a lack of blockbuster releases during the holiday season. For the quarter ending December 31, the company’s revenue stood at $10.03 billion, […]

UltraTech Cement, India’s largest cement manufacturer by capacity, is set to invest ₹18 billion ($206 million) in launching a wires and cables business, further strengthening its presence in the construction materials industry. The new venture will operate under UltraTech’s building products division, which already includes waterproofing solutions, TMT steel bars, plywood, sanitary ware, hand tools, […]

Boeing is preparing to halt production of its AH-6i Little Bird light attack helicopter after completing its current contract with the Royal Thai Army. The decision marks the end of Boeing’s involvement in manufacturing the aircraft unless new international buyers emerge. Boeing’s Decision to End AH-6i Production The AH-6i Little Bird is widely recognized for […]

The free market just got a little freer—thanks to the decree of one of the richest men in history. In a move that’s raising eyebrows across the media landscape, Washington Post owner Jeff Bezos has openly declared a new editorial stance for the paper’s opinion section. In an internal email to staff, Bezos made it […]

A high-stakes corporate battle has erupted within one of Singapore’s wealthiest families, as property magnate Kwek Leng Beng accuses his son, Sherman Kwek, of orchestrating a boardroom takeover at City Developments Limited (CDL). Father vs. Son: Power Struggle at CDL Kwek Leng Beng, the executive chairman of CDL, filed court documents on Wednesday, alleging that […]