Stocks took a strong turn upward in 2023, sparked by the slowing pace of rate hikes, declining inflation and a resilient job market: a trio of good omens that could portend the elusive but highly desired “soft landing” for the U.S. economy. That momentum has continued in the early days of 2024, with all three … Read more
Warren Buffett’s Berkshire Hathaway Inc. said its cash pile scaled a new record as the billionaire investor decried a lack of meaningful deals that would give the firm a shot at “eye-popping performance.” The firm’s cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals … Read more
Speaking at the ADIPEC oil and gas conference, executives representing global energy majors sought to strike a positive tone on the current state of play for the fossil fuel industry. Big Oil, on the back of record profits last year, has been accused of dialing back its climate pledges in recent months. “I don’t see … Read more