Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.CNBCWarren Buffett has been mum about tariffs and the recent market turmoil, but will finally speak his mind when the 94-year-old investment legend kicks off Berkshire Hathaway’s annual shareholder meeting on Saturday.Tens of thousands of rapt shareholders will descend on Omaha, Nebraska this weekend for the annual gathering dubbed “Woodstock for Capitalists.” This year’s meeting marks the 60th anniversary of Buffett leading the company, and is the second without Buffett’s long-time partner Charlie Munger, who died in late 2023.The biggest event in the Cornhusker…
Author: usaeverydaylife
Exxon Mobil reported first-quarter earnings Friday that beat Wall Street expectations, but declined from the prior year as crude oil prices have fallen sharply on fears that President Donald Trump’s tariffs will hit global demand.The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower earnings from weak oil prices. U.S. crude prices have fallen 18% this year as Trump’s tariffs raise fears of slower demand at the same time producers in OPEC+ plan to increase supply.Exxon shares were up less than 1% in premarket trading after the results. Here is what Exxon reported…
After Amazon’s latest results came in above expectations , Wall Street remained largely bullish on the path ahead for the e-commerce behemoth. Shares of Amazon shed 1.5% in Friday’s premarket trading hours after the company gave soft guidance for its current quarter, noting lingering uncertainty from President Donald Trump’s tariffs. Amazon expects its second-quarter operating income to come in between $13 billion and $17.5 billion. However, first-quarter results exceeded analyst estimates, according to LSEG. The company reported earnings of $1.59 per share on revenue of $155.67 billion, which beat the $1.36 per share on revenue of $155.04 billion analysts polled…
Chevron stock fell on Friday as the oil major’s profit declined on the steep decline in oil prices this years.The oil major plans to repurchase $2.5 billion to $3 billion in the second quarter, compared to $3.9 billion in the first quarter.Chevron’s net income declined more than 30% to $3.5 billion, or $2 per share, from $5.5 billion or $2.97 per share, in the year-ago period. Excluding one-time items, Chevron earned $2.18 per share, which was in line with Wall Street estimates.Here is what Chevron reported for the first quarter compared with what Wall Street was expecting, based on a survey of…
DUBAI, United Arab Emirates — Tether, the world’s largest stablecoin issuer, is preparing to launch a U.S.-based stablecoin as soon as this year, as its CEO ramps up his presence in Washington to shape crypto regulation.In an interview with CNBC this week, Tether CEO Paolo Ardoino revealed that the company is working on plans to issue a new dollar-pegged stablecoin in the U.S. as soon as this year. The move comes as Tether, once accused of being a criminal’s ‘go-to cryptocurrency’ – rebrands itself as a partner to American lawmakers and law enforcement.”A domestic stablecoin would be different from the…
The TikTok logo is seen outside the Chinese video app company’s Los Angeles offices on April 4, 2025 in Culver City, California.Robyn Beck | AFP via Getty ImagesTikTok has been fined 530 million euros ($601.3 million) by Ireland’s privacy regulator for sending user data to China.The Irish Data Protection Commission (DPC) — which leads on privacy oversight for TikTok in the EU — said Friday that TikTok infringed the bloc’s GDPR data protection law over transfers of European user data to China.The regulator ordered TikTok to bring its data processing into compliance within six months and said it would suspend…
Apple posted quarterly results that exceeded analyst expectations, but said that its forward outlook remains murky due to existing tariff headwinds. Nonetheless, most analysts remain bullish on the iPhone maker. On Thursday, Apple reported fiscal second-quarter earnings of $1.65 per share on revenue of $95.4 billion. This beat prior analyst estimates of $1.63 per share on $94.66 billion in revenue, per LSEG. But investors were left feeling somewhat unsatisfied after Apple’s services revenue of $26.65 billion for the quarter came in below the expected $26.70 billion, according to StreetAccount. This number still represented an annual increase of 11.65%. Apple’s Services…
U.S. Vice President JD Vance waves as he boards Air Force Two on May 1, 2025 in Charleston, South Carolina.Pool | Getty Images News | Getty ImagesU.S. Vice President JD Vance has warned Russia’s full-scale invasion of Ukraine is not likely to come to an end “any time soon.”Speaking during an interview on Fox News, Vance said on Thursday that President Donald Trump’s administration was working to “find some middle ground” to stop a conflict that has been raging for more than three years.”It’s not going anywhere … it’s not going to end any time soon,” Vance said.His comments come…
When the Archbishop of Bologna, Matteo Zuppi, received his cardinal’s red hat on Oct. 5, 2019, his day ended with a Mass celebrated in the square of the Basilica of Santa Maria in Trastevere, a neighborhood in central Rome where he found his direction as a teenager and later served as a priest.“My life, or rather life itself, is always made up of so many pieces that have shaped us and are part of me,” Cardinal Zuppi, now 69, said during his homily that evening. “Today I can see, and I believe we all see it, the joy of being…
Shoppers buy fresh vegetables, fruit, and herbs at an outdoor produce market under green-striped canopies in Regensburg, Upper Palatinate, Bavaria, Germany, on April 19, 2025.Michael Nguyen/NurPhoto via Getty ImagesEuro zone inflation was unchanged at 2.2% in April, missing expectations for a move lower, flash data from statistics agency Eurostat showed Friday.Economists polled by Reuters had been expecting the reading to come in at 2.1% in April compared to March’s 2.2% as inflation has been easing back towards the European Central Bank’s 2% target.Several major euro zone economies have already released their latest inflation figures, which are harmonized for comparability across…
