Berkshire Hathaway needs no introduction. The name is synonymous with two iconic investors—Warren Buffett (the Oracle of Omaha) and the late Charlie Munger. Currently, Berkshire’s Class B shares (BRK/B) appear…
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Tesla’s Cybertruck recalled for a fourth time over two separate parts issues
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DETROIT (AP) — Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces that can come loose and front windshield wipers…
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Sixteen Nobel Prize-winning economists warn a second Trump term would ‘reignite’ inflation
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Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. “While each…
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21 million Miniverse toy sets recalled after reports of burns and respiratory irritation
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More than 21 million Miniverse “Make It Mini” sets by California toymaker MGA Entertainment are being recalled because of potentially hazardous resins, the Consumer Product Safety Commission reported Tuesday. The…
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Treasury Secretary Yellen announces $100M affordable housing fund as shelter costs weigh on Biden
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Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement comes days before President Joe Biden faces off against former…
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Hooters to close ‘underperforming’ restaurants amid broader industry woes
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Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader industry woes. Hooters said that it was ‘under…
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Novo Nordisk to build $4.1 billion North Carolina facility to boost output of Wegovy, Ozempic
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Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug…
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Maker of Hershey’s, Jeni’s, and Friendly’s ice cream products issues recall over Listeria
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A company responsible for producing ice cream products for several popular brands, including Hershey’s, Jeni’s and Friendly’s, has issued a recall because some of its products may be contaminated with…
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How Delta made itself America’s luxury airline — and what United wants to do about it
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Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in…
Economy
Black GOP lawmakers hold ‘Congress, Cognac, and Cigars’ event in key swing state
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Two of former President Trump’s top allies in the House of Representatives are in Atlanta on Wednesday to mobilize Black voters ahead of his November rematch with President Biden. Reps.…