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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in U.S. stock prices …

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U.S. labor market defies recession fears as job growth surges in July

Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings rise 0.5%; up 5.2% year-on-year Participation rate falls to 62.1% from 62.2% in June WASHINGTON, Aug 5 (Reuters) – U.S. job growth unexpectedly accelerated in July, lifting the level of employment above its pre-pandemic level and pouring …

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Oil drops with dollar on recession fears; Wall Street ends mixed

Oil hits pre-Ukraine lows as demand outlook worsens Bank of England expects recession throughout 2023 Treasury yield curve inversion deepens Dollar drops; sterling slides against euro OTTAWA, Aug 4 (Reuters) – Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England’s warning of a drawn-out …

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Facebook parent Meta makes first-ever bond offering

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Facebook-parent Meta Platforms (META.O) said on Thursday it would make its first-ever bond offering, at a time when the social media …

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Fed officials beat inflation drum; 50-basis-point rate hike ‘reasonable’ next month

Aug 3 (Reuters) – Federal Reserve officials voiced their determination again on Wednesday to rein in high inflation, although one noted a half-percentage-point hike in the U.S. central bank’s key interest rate next month might be enough to march toward that goal. “I start from the idea that 50 (basis points) would be a reasonable …

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Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite. Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week. …

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Oil falls 2% on U.S. crude, gasoline build, slight OPEC+ hike

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register U.S. crude, gasoline stockpiles rise unexpectedly – EIA OPEC+ decides on small 100,000 bpd increase to output target U.S. had …

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Wall Street falls on rising U.S.-China tensions, Caterpillar shares weigh

Speaker Nancy Pelosi expected in Taipei later today Caterpillar falls after missing sales estimates Uber gains after reporting positive cash flow Indexes down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Wall Street’s major indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of the arrival of U.S. House of Representatives …

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