Author: CNBC

General view of the center of Corfu with a little restaurant in Old Town in Corfu, Greece, in May 2024. Sopa Images | Lightrocket | Getty Images Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did not sway market bets of an interest rate…

Bob Iger and Nelson Peltz. CNBC Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about…

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images DETROIT – The United Auto Workers union is challenging the results of last week’s organizing vote of Mercedes-Benz workers in Alabama, in…

Walmart megastore exterior and logo sign, Denver, North Carolina. Ucg | Universal Images Group | Getty Images Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter. Meanwhile, workers at the U.S. retail giant’s smaller offices in…

Warren Buffett isn’t jumping on the artificial intelligence bandwagon just yet, warning about the technology’s potential for harm. “When you think about the potential for scamming people … if I was interested in investing in scamming, it’s gonna be the growth industry of all time and it’s enabled, in a way” by AI, Buffett said…

Berkshire Hathaway reported Saturday its first-quarter 2024 figures, revealing that most of the conglomerate’s stock portfolio is focused on just five stocks. The Warren Buffett-led behemoth kept the makeup of its top five holdings unchanged in the first three months of 2024, as the stock market ripped to record levels to mark the start of…

No matter where you get your college rankings, there’s a good chance one or more of the Ivy League universities will be on top of the list.  Regardless of which metrics are used — employment and salary outcomes for graduates, research contributions or even affordability — the eight illustrious institutions get plenty of commendation from…

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating…

OMAHA, Nebraska — Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet. In its first-quarter earnings report released Saturday, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a…

From a CEO change to announcing staff layoffs, it’s been a bumpy couple of days for Peloton. On Thursday, Peloton announced it is laying off 15% of its global staff, which will affect around 400 employees. The company also plans to continue to close retail showrooms in an effort to “align the company’s cost structure…