BUSINESS

Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stock

Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stock

Berkshire Hathaway Inc. slashed its stake in Apple Inc. by almost 50% as part of a massive second-quarter selling spree…
McDonald’s slump is a symptom of the election, Columbia prof says

McDonald’s slump is a symptom of the election, Columbia prof says

Americans have lost their appetite for Big Macs and fries as McDonald’s reported its first sales drop in nearly four…
Housing market crisis: $1 million starter homes more common

Housing market crisis: $1 million starter homes more common

The housing market’s affordability crisis keeps setting dubious milestones, and that latest one adds to the woes that first-time homebuyers…
The ultra-rich are scooping up luxury homes

The ultra-rich are scooping up luxury homes

In December last year, Fortune wrote we were in the midst of “a new American era of housing haves and…
Newly built homes are now cheaper than existing ones

Newly built homes are now cheaper than existing ones

It feels a little absurd to say newly built homes are cheaper than existing homes, which have been lived in…
Netflix co-CEO only wants the best sports games, not full seasons

Netflix co-CEO only wants the best sports games, not full seasons

Netflix co-CEO Ted Sarandos offered a peek into Netflix’s live sports strategy on its second-quarter earnings call Thursday.  Instead of…
Beastie Boys sue the parent company of Chili’s over ‘Sabotage’

Beastie Boys sue the parent company of Chili’s over ‘Sabotage’

The Beastie Boys are suing the parent company of Chili’s in a case that accuses the chain restaurant of running…
Germany Bitcoin sales: 50,000 sold is about 0.25% of supply

Germany Bitcoin sales: 50,000 sold is about 0.25% of supply

The German government is flooding the crypto market with Bitcoin. As of Wednesday, it has transferred at least $615 million…
India boosts gold reserves by the most in 2 years after moving 100 tons from UK

India boosts gold reserves by the most in 2 years after moving 100 tons from UK

India’s central bank probably increased its gold reserves by the most in almost two years last month, according to a…
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