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Warren Buffett Tells Value Investors To Resist The Temptation To Speculate

The Berkshire Hathaway chairman, also known as the Oracle of Omaha, said he'd immediately "hop on a plane" to India if the right investment opportunity came up. The two major tech companies in which Berkshire holds stocks are Apple and IBM. Buffett was also critical of the American Health Care Act approved by House Republicans last week, saying it will aid the wealthiest Americans at the expense of everyone else. Read More »

Sally Yates testifies about Michael Flynn as Trump calls probes a 'charade'


Flynn eventually resigned his post , nearly three weeks after Yates offered her warning. White House officials had insisted that Flynn had not discussed US -imposed sanctions with Kislyak during the presidential transition period, but asked Flynn to resign after news reports indicated he had lied about the nature of the calls. Read More »

Trump administration hollows out EPA science integrity board


President Trump's EPA administrator, who sued the agency repeatedly in his former job, has touched off a fierce new argument over climate change .... The agency also has an 18-member Board of Scientific Counselors, made up of scholars, which offers guidance on the quality the EPA scientists' research. Read More »

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Saudi Arabia's and Russia's oil ministers tried to put a net under tumbling oil prices on Monday, with both officials saying they are open to the possibility of extending their oil output deal into next year if necessary. The deal is scheduled to end next month. Brent was trading 0.37 per cent higher at $49.28 per barrel while West Texas Intermediate (WTI) prices were 0.19 per cent higher at $46.31 per barrel at the time of publishing. Read More »

Manchester United on top of 2015-16 Premier League profits table

Or we could put it down to what it actually is - Mourinho is an extremely negative coach, incapable of setting his team up to break down teams at home, and too cautious to try beat big sides in away games. With the win, Arsenal keep their top-four hopes alive while for Manchester United , it is not completely dead as well but Mourinho is seemingly prioritising Europa League win which will secure Champions League football anyway. Read More »

Trump's Words at Heart of Travel Ban Argument in Virginia


The third revision said the executive order only focused on individuals entering the United States without a Visa. They argue the order violated federal immigration law and a section of the U.S. "The text [of the executive order] doesn't have to anything to do with religion", Wall said. But some members of the 13-judge court, said they couldn't ignore Trump's statements as a presidential candidate that he wanted to ban immigration by Muslims. Read More »

Triumphant Emmanuel Macron Readies For Transition. But He's Not the Only One

Macron pledged Sunday evening to heal France's rifts, saying he would work to address the concerns exposed throughout one of the most divisive campaigns of the country's recent history. After all, almost 11 million people voted for Le Pen, around a third of those who cast their ballots. Facing massive unpopularity, Mr Hollande decided against seeking a second term. Read More »

UK's Labour leader says he won't try to reverse Brexit

With the party's red battle bus behind him, the Labour leader told supporters in Manchester there were just four weeks to convince voters that "Britain can be better". Mr Corbyn has indicated that he will not take part in a debate without the Prime Minister. "She will be taking live calls and she'll be facing Nick Ferrari as well". Read More »

Coach To Buy Kate Spade For $2.4 Billion

For it's part, executives at Kate Spade say the deal was reached after a "thorough review of strategic alternatives " and that the brand looks forward to following Coach's leadership and expertise. Under the transaction, Kate Spade shareholders will receive $18.50 in cash, a 27.5 percent premium on the price prior to media speculation about a takeover of the company. Read More »

Warren Buffett: Shares 'number one problem with mankind'

He also addressed criticism that Berkshire discloses too little about businesses such as aircraft parts maker Precision Castparts Corp, which it bought a year ago for $32.1 billion. And two days before the meeting Buffett had revealed he had sold a third of Berkshire's shares in IBM, one of the four so-called pillars of his company's massive investment portfolio. Read More »

France's New President Is Already Fighting the Trump Agenda


But the debate highlighted divisions within his camp over how best to deliver on one of Macron's biggest election promises: turning the troubled Franco-German couple into a force for closer integration in Europe. "Canada and France share a warm and historic relationship, rooted in our common history, deep cultural ties, people-to-people connections, and strong economic partnership", Trudeau said. Read More »

Warren Buffett Jokes, But Not About Berkshire Paying a Dividend


Buffett, who runs Berkshire Hathaway Inc. (NYSE:BRK.A) has announced Friday it has more than doubled its stake in the technology giant to almost $20 billion, or almost 2.5% of the company. At the same time, Buffett said health care costs "are the tapeworm of American economic competitiveness " and have risen from 5 percent of gross domestic product in the 1960s to about 17 percent today. Read More »

Let's play two: Yankees beat Cubs 5-4 in 18 innings


After the loss, the Cubs are just 16-15 and 7-9 at home. Aaron Judge and Starlin Castro got the day off after the long Sunday night game. Ironically, though, it was Castro's fielder's choice ground ball in the top of the 18th inning that pushed across what served as the winning run to give NY the one-run victory. Read More »

Lawmakers to airlines: Improve service or Congress steps in


The others are lower-level executives from American Airlines , Southwest and Alaska. The alternative is to face additional legislation, "which I think is fair", he added.In response to the dragging incident, United has changed its policies by reducing overbooked flights and offering passengers who give up their seats up to $10,000.Airlines have said they routinely overbook flights because a small percentage of passengers do not show up.Delta Air Lines (DAL.N) declined to testify. Read More »

Tim Cook blames iPhone 8 rumors for slow sales

Apple has apparently already chosen the company in which it will invest, but won't announce that just yet. Cook also added that Apple would announce initiatives to support its current employees and add to their ranks, and to aid the software developers who make apps for Apple's phones, watches and computers. Read More »

Trump's travel ban goes before federal appeals court


Wall , who will argue on behalf of the government, is his son-in-law. "Why does the president's website still explicitly call for "preventing Muslim immigration"?" Questioned about that decision during a hearing on Capitol Hill on Monday, Yates explained why she believed the ban was unconstitutional-and why the president's campaign remarks were a key ingredient in that calculation. Read More »

Jobs Added in April


Furman added that he wasn't concerned about the labor force participation rate, pointing to baby boomers leaving the job marker due to retirement. Nevertheless, Gus Faucher, chief economist at PNC, said "the United States job market is in solid shape", withthe economy "approaching full employment". Read More »

Crude oil prices at lowest level in five months

Oil had slumped to less than $30 a barrel earlier in 2016 but an agreement by the OPEC cartel and other countries had helped boost its recovery from those lows. China's oil demand growth should match last year's, on the back of a robust transport sector, while India should record healthy growth, he said. Dean Rogers, senior technical analyst at Kase & Co, said charts showed the next potential stalling points were US$44.20 for WTI and US$47.20 for Brent . Read More »

Mnuchin says business tax rate at 15 percent in Trump tax plan


Exporters, who would be exempt from the tax, love it. Ryan maintains it would help make American businesses more competitive. The mortgage interest and charitable contributions deductions would stay, but that wouldn't matter if numerous 600,000 Long Islanders who itemize could no longer do so. Read More »

United CEO Oscar Munoz promises DC lawmakers, 'We will do better'


Tuesday's hearing showcased stark differences between how airline executives and their customers view the state of the industry. "Regardless of the contractual relationship between the airline and the ticket holder - it's just common decency and common sense that you don't treat a person that way, let alone a paying customer". Read More »

German Foreign Minister: Le Pen Got Too Many Votes

Since the first round of the election - in which Macron edged Le Pen by 24 percent to 21.3 percent - the leader of the En Marche! "So far, this has clearly benefited Macron ". In other words, markets had rallied since Macron's preliminary victory on April 23 in anticipation of his win in Sunday's runoff, but now they're selling off following his actual triumph. Read More »

French elections: Can Emmanuel Macron unify a politically fractured France?


In interviews Monday, her campaign director, David Rachline, said the party founded by her father would get a new name as bait to pull in a broader spectrum of supporters in France. This is a historical moment for France for another reason, as Emmanuel Macron , elected at the age of 39 superseded the previous record held by Louis-Napoleon, elected in 1848 at the age of 40. Read More »

Macron wins French presidency, to European allies' relief

He suggested relaxing European Union rules on state spending to allow France to boost economic growth. In a victory party on Sunday evening, Macron walked on to the stage to the strains of " Ode to Joy ", the anthem of the EU. The result wasn't close - Macron had 64 per cent support with about 90 per cent of votes counted. His party, En Marche! This presidential election will also be remembered for the highest abstention rate since 1969 although it has significantly soared over ... Read More »

Warren Buffett says coal won't make a comeback

Buffett said the industry has become more efficient, even if fuller planes and tighter seats cause a "fair amount of discomfort" that makes passengers grumble. Past year the shares rose more than 23%, nearly twice the rise in the S&P 500 (plus reinvested dividends) and the 10.7% rise in the book value of Berkshire Hathaway shares. Read More »

Corbyn Believes Brexit Issue 'Settled,' Britons Should Focus on Future


However, past year shadow chancellor John McDonnell - one of Mr Corbyn's closest allies -said it would be "inevitable" that both he and Mr Corbyn would both have to stand down if the party lost a General Election. Jeremy Corbyn would embarrass Britain in Brussels, just as he has embarrassed Labour at home. "Importantly, I am also concerned that the Labour Party has shown itself not to have the interests of Rochdale at heart". Read More »

In a divided France, challenges await President-elect Macron


Still, Macron, a pro-business candidate who wants to overhaul France's labor market, favors free trade and backs a stronger European Union. EU Commission President Jean-Claude Juncker said French voters had chosen a "European future". He only truly entered the public discourse when he rebelled against Hollande's socialist party and ran as an independent presidential candidate for his En Marche! Le Pen's high-spending, anti-globalisation, "France-first" policies may have unnerved ... Read More »

Emmanuel Macron: French president-elect to fight 'forces of division'

When he moves into the Elysee Palace after his inauguration next weekend, Macron will become the eighth - and youngest - president of France's Fifth Republic. Pollsters' projections give Macron a win of around 65 percent to nationalist, anti-EU rival Marine Le Pen's 35 percent - a gap wider than the 20 or so percentage points that pre-election surveys had suggested. Read More »

Oil trades near five-month lows despite Saudi assurances on cuts


USA data showed crude stocks fell 930,000 barrels in the week to April 28, while analysts had been expecting a drop of 2.3 million barrels. He was referring to numbers due out later which are expected to show 185,000 jobs were created in April following March's underwhelming 98,000 figure. Read More »

Futures flat after Macron wins French election


France's prime minister Bernard Cazeneuve released a statement congratulating Macron on his win, saying that voters rejected the "fatal project of the extreme right" and upheld the values of France. "We will be there to remind him of it as often as necessary, as loudly as necessary, as resolutely as necessary, " she said . About a quarter of the electorate abstained, with many in France forced to choose between two candidates they did not like in the final round of voting. Read More »

Putin congratulates Macron, wishing him 'strong health'


But Macron's willingness to placate Germany has led critics at home to portray him as the puppet of Chancellor Angela Merkel. France has a new president. A New York-based cyber intelligence consultancy, Flashpoint, said there were indications a hacker group with ties to Russian military intelligence was behind the attack. Read More »