New York PostSig. 8NewsEconomyStocks
Berkshire Hathaway named Warren Buffett chairman emeritus and appointed his son Howard Buffett as chairman. Buffett, 96, stepped down as CEO earlier this year and will remain on the board, while the company credited him with transforming it into a trillion-dollar investment giant.
Warren Buffett will step down as chairman of Berkshire Hathaway, less than a year after handing over the CEO role. The company said his son Howard will become chairman as the conglomerate moves to a new generation.
Wall Street JournalSig. 7NewsEconomyStocks
The Bank of Japan raised its benchmark interest rate to 1.25%, the highest level since 1995, and signaled further increases. The move could make U.S. assets less attractive to Japanese investors, who hold roughly $2.5 trillion in U.S. stocks, bonds, and other financial assets.
Wall Street JournalSig. 6NewsEconomyStocks
The Bank of Japan raised its benchmark interest rate to 1.25%, the highest since 1995, and signaled further increases. The move could make U.S. assets less attractive to Japanese investors, who hold about $2.5 trillion in U.S. stocks, bonds, and other financial assets.
Wall Street JournalSig. 5NewsEconomyStocks
The Bank of Japan raised its policy rate by a quarter percentage point to 1.25%, a widely expected move. The yen weakened and Nikkei futures extended gains as investors awaited Gov. Kazuo Ueda's press conference for signals on future rate increases.
New York PostSig. 3NewsEconomyStocksTechnology
A former SpaceX employee and his wife used proceeds from the company’s record-breaking IPO to fund a $25,000-a-month year of international travel after quitting their jobs. The article details their itinerary, stock windfall, and plans to return to work or pursue new interests.
New York PostSig. 6NewsEconomyStocksPolitics
Stocks rose Thursday as markets rebounded from a Fed-driven sell-off after the central bank raised interest rates. Oil prices dipped and Treasury yields eased, while the article notes Trump's criticism of the hike and Fed Chair Warsh's defense of it. It also mentions economists' warnings that higher rates could raise borrowing costs for consumers.
The HillSig. 6NewsTechnologyStocksLaw
The SEC unveiled five-year exemptions intended to let certain tokenized stock trading platforms and liquidity providers avoid exchange and dealer definitions. The order follows the Senate failure of the Clarity Act, and SEC Chair Paul Atkins said the agency would act without legislation.
Fox NewsSig. 5NewsCrimeSportsStocks
Travis Kelce was identified as a victim in a $35 million Ponzi scheme run by Texas fund manager Siddharth Jawahar. Jawahar pleaded guilty to wire fraud and was sentenced to 11 years in prison and ordered to pay $31.35 million in restitution. Other professional athletes were also linked to the scheme.
PBS NewsHourSig. 6NewsEconomyStocks
U.S. stocks fell after the Federal Reserve raised interest rates for the first time in three years and signaled more increases may be needed to fight inflation. Fed Chair Kevin Warsh said inflation remains too high, while bank and transport stocks led market losses.
CBS NewsSig. 5NewsEconomyStocks
The Dow fell about 1.2% after the Federal Reserve raised interest rates for the first time since July 2023. The article is a brief market report on the Fed decision and its immediate effect on stocks.
New York PostSig. 5NewsStocksTechnologyAI
SpaceX shares rose over 5% after the company set a Sept. 22 test launch date for its fully reusable Starship rocket. The article describes the planned mission, Starlink satellite deployment, and SpaceX's AI ambitions while noting investor concerns about an AI bubble.