Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate.  The company said it repurchased $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6 billion of its
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The Bharatiya Mazdoor Sangh, a central trade union affiliated to the RSS, has urged the government to think out of the book while formulating employment generation strategies keeping in mind the prevailing Covid-19 pandemic situation and requested the government make all effort to protect jobs in the labour intensive sectors. In its meeting with Tehwar
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In a major amendment to the corporate insolvency resolution process (CIRP) regulations, the committee of creditors (CoC) can now vote on all compliant resolution plans simultaneously, according to a notification by the Insolvency and Bankruptcy Board of India (IBBI) on Friday. The plan which receives the highest votes, subject to the 66% regulatory threshold, shall
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A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Joe Skipper | Reuters The U.S. Air Force on Friday awarded rocket builders United Launch Alliance and SpaceX contracts worth billions to launch national security missions for five years starting
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A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Dow Jones Industrial Average rises 46 points The Dow rose 46.5 points, or 0.2%, to close
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Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
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A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading.  T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday following its better-than-expected quarterly earnings. T-Mobile earned 9 cents on revenue of $17.67 billion, compared
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“I’m on Indeed every single day, looking for jobs,” Lafauci, 36, said. “There’s nothing.” Source: Sarah Lafauci It’s now been over a week since tens of millions of Americans have stopped receiving the $600 federal unemployment boost.  Negotiations between Republicans and Democrats over what to replace those payments with have turned into an increasingly protracted and bitter
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Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period last year. The stock dipped more than 2% in after-hours trading. Here’s how the ride-hailing and food delivery company did versus what Wall Street expected: Losses: $1.02 per share vs. 86 cents
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Lawmakers on Capitol Hill are coming closer to an agreement about new stimulus checks, although who will get them, and when, is still being debated. Democrats and Republicans have both called for $1,200 payments in their legislative proposals, but for millions of Americans that may not be enough.   “There are over 3 million people who have
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Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the
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New Delhi: The commerce and industry ministry has suggested a provisional anti-dumping duty of $15.54- 200.66 per MT on imports of Polyethylene Terephthalate (PET Resin) coming from China. Reliance Industries Limited and IVL Dhunseri Petrochem Industries Private Limited had filed an application claiming injury resulting from the alleged dumping. “Having initiated and conducted the investigation
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China’s dollar-denominated exports rose 7.2% while imports fell 1.4% from a year ago, data from the country’s General Administration of Customs showed on Friday. Economists polled by Reuters had expected China’s dollar-denominated exports to fall by 0.2% from a year ago, while imports were predicted to have risen 1% from a year ago. In June, China’s dollar-denominated
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