Alibaba shares slip after it reports slowest ever revenue growth and misses expectations
Alibaba reported its slowest quarterly revenue growth in the December quarter since going public in 2014.
Foot Locker shares sink after retailer says 2022 sales will fall as it expects to sell fewer Nike products
Foot Locker shares are tumbling after the retailer forecast revenue to drop in 2022.
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday.
Warren Buffett in annual letter calls Apple one of ‘Four Giants’ driving the conglomerate’s value
In his annual letter to Berkshire shareholders on Saturday, Buffett called Tim Cook's Apple his "runner-up Giant" next to the cluster of insurers.
Berkshire’s operating earnings surge as Buffett repurchases record $27 billion in stock during 2021
Berkshire used $6.9 billion to buy back shares in the fourth quarter, bringing the total in share repurchases to a record $27 billion for 2021.
Jobless claims total 232,000, slightly less than expected; Q4 GDP revised up to 7%
Weekly jobless claims came in slightly less than expected last week and economic growth to end 2021 was slightly better than originally reported.
Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983
A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.
UK college students could be repaying loans into their 60s
Students who start college in the U.K. next year could still repaying student loans into their 60s, under new plans announced by the British government.
Low earners were hit hardest by inflation as savings and pandemic aid dwindle, study finds
Higher living costs were triple the wage growth of the lowest-income workers, according to a new study. Meanwhile, their cash buffer is getting depleted.