Berkshire Hathaway Steps Up Investments as Cash Hoard Shrinks
Berkshire Hathaway began drawing down its massive cash reserves in the second quarter, investing billions of dollars in stocks while accelerating share buybacks. The conglomerate repurchased $4.5 billion of its own shares during the...
Burger King Boosts Restaurant Brands Sales Growth
Restaurant Brands International surpassed second-quarter same-store sales expectations, driven by strong demand at Burger King in the United States. The fast-food giant benefited from popular value deals such as the “2 for $5” and...
Glanbia Raises Annual Profit Forecast as Protein Demand Surges
Nutrition supplement maker Glanbia has raised its full-year profit forecast after strong demand for its protein products boosted first-half earnings. The Irish company now expects adjusted earnings per share to grow between 17% and...
Canada Manufacturing Growth Hits Four-Year High Despite Global Demand Concerns
Canada’s manufacturing sector expanded at its fastest pace in more than four years in July, driven by stronger domestic demand that boosted production and new orders. The S&P Global Canada Manufacturing Purchasing Managers’ Index...
Polymarket Targets Over $20 Billion Valuation in New Funding Round
Prediction market platform Polymarket is reportedly seeking to raise around $1 billion in a new funding round that could value the company at more than $20 billion, according to a Bloomberg News report published...
Brookfield Explores C$7 Billion Sale of NorthRiver Midstream
Brookfield Infrastructure Corp. is exploring a potential sale of NorthRiver Midstream in a deal that could value the Canadian natural gas pipeline operator at around C$7 billion ($5 billion), according to sources familiar with...
Major Traders Halt Deals With Iron Ore Giant Radiant World
Global commodity giants Vitol Group and Cargill have suspended trading activities with Radiant World, one of the world’s largest iron ore traders, according to a Bloomberg report released on Friday. The report also stated...
European Commission Charges Temu Over Alleged Non-Cooperation in Subsidy Probe
The European Commission has charged Chinese online retailer Temu for allegedly failing to cooperate properly during an inspection carried out at its European headquarters in Dublin in December. The investigation is part of a...
BP Plans Major Workforce Reduction Amid Restructuring Drive
BP is planning to cut around 700 positions from its non-frontline global workforce as part of a broader effort to streamline operations and improve profitability, according to an internal email reviewed by Reuters. The...
AI Spots Fake “Made in USA” Labels, Retailers Yet to Act: Study
A new study has found that the AI shopping assistants of Amazon and Walmart can often identify false “Made in USA” claims on products, but the retail giants are not fully using the technology...