Financial Markets
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Anti-poverty group says billionaires’ wealth soared in 2024 as the elites prepare for another Davos
DAVOS, Switzerland — Billionaires’ wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported…
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Canada sues Google over alleged anticompetitive practices in online ads
TORONTO — Canada’s antitrust watchdog said Thursday it is suing Google over alleged anticompetitive conduct in the tech giant’s online…
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Google faces new antitrust trial after ruling declaring search engine a monopoly
ALEXANDRIA, Va. — One month after a judge declared Google’s search engine an illegal monopoly, the tech giant faces another…
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The average bonus on Wall Street last year was $176,500, down slightly from 2022
NEW YORK — The average Wall Street bonus fell slightly last year to $176,500 as the industry added employees and…
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Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
DUBAI, United Arab Emirates — Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year,…
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Macy’s to close 150 stores as it pivots to luxury at Bloomingdale’s and Blue Mercury
NEW YORK — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by the end…
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
OMAHA, Neb. — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of…
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Trial to determine whether JetBlue can buy Spirit comes to a head
BOSTON — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement…
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Buffett’s firm reports $12.8B loss as investments fall, its insurers performed well
OMAHA, Neb. — Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper…
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McDonald’s promotions lure diners despite higher menu prices and revenue jumps 14%
McDonald’s reported better-than-expected sales in the third quarter, as popular promotions brought in customers despite higher U.S. prices ByDEE-ANN DURBIN…
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