rump, of course, is busy explaining away the negative effects of his tariffs, which are starting to bite as importers pay higher taxes on incoming goods or simply stop buying them. Trump has raised the average tax rate on imports from 2.5% to about 25%, with frequent changes that are giving businesses whiplash. His tariffs […]
This week in Trumponomics: Too many dolls Read More »
(Reuters) -Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter. The oil major has been more seriously discussing the feasibility
Shell is studying merits of buying BP, Bloomberg News reports Read More »
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway shareholders on Saturday rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were voted down. Shareholders also voted against a resolution that Berkshire report on how its business
Berkshire shareholders reject diversity, AI proposals Read More »
Warren Buffett hit out at President Donald Trump’s global trade war on Saturday, saying trade should not be a “weapon.” Speaking at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, Buffett did not directly name Trump, but made clear his distaste for tariffs. Buffett made the comments in response to the first question during his widely watched
Warren Buffett criticizes tariffs and says trade should not be used as a ‘weapon’ Read More »
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