BUSINESS

 
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Warren Buffett's Berkshire Hathaway has dramatically reshaped its investment portfolio in Q3 2024, accumulating a record $325.2 billion in cash while significantly reducing positions in key holdings. The conglomerate's aggressive selling strategy, particularly of Apple shares, signals a notably cautious stance in current market conditions.
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Volkswagen, Europe's largest automaker, is facing a reckoning in its home market of Germany. In a move that marks a historic shift for the company, Volkswagen has announced plans to shut down at least three factories in Germany and lay off tens of thousands of workers as part of a major cost-cutting and restructuring effort.
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  1. HSBC SPLITS INTO EAST AND WEST DIVISIONS IN MAJOR OVERHAUL, APPOINTS FIRST FEMALE CFO AMID COST-CUTTING DRIVE
  2. DISNEY TO ANNOUNCE BOB IGER'S SUCCESSOR IN EARLY 2026 WITH JAMES GORMAN TAKING OVER AS BOARD CHAIR IN 2025
  3. META FIRES STAFF FOR ABUSING $25 MEAL VOUCHERS AMID RESTRUCTURING PUSH: NON-FOOD PURCHASES LEAD TO DISMISSALS
  4. AMAZON INVESTS ON NUCLEAR POWER TO FUEL AI AMBITIONS
  5. BOEING SEEKS $10 BILLION IN NEW SHARES AMID CASH STRAIN AND ONGOING STRIKE
  6. EVS AIM TO REVIVE SALES AT PARIS MOTOR SHOW
  7. EU INVESTIGATES TEMU OVER POTENTIAL ILLEGAL PRODUCT SALES
  8. JPMORGAN AND WELLS FARGO BEAT PROFIT ESTIMATES: INVESTMENT BANKING GAINS AND SHRINKING PROVISIONS DRIVE SHARES HIGHER
  9. BOEING WITHDRAWS 30% PAY OFFER AS STRIKE IMPASSE EXTENDS INTO FOURTH WEEK DEEPENING FINANCIAL STRAIN
  10. 7-ELEVEN OWNER CONFIRMS TAKEOVER FROM COUCHE-TARD
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