King Charles III was crowned at Westminster Abbey in London. It was a day of ancient ceremonies and military spectacles based on 1000 years of the country’s history. World leaders and foreign royalty Saturday marked the beginning of a day of celebration as they attended events at the Abbey, the site of royal coronations since…
People at the See’s Candies display at the Berkshire Hathaway Shopping Day event on May 5, 2023. David A. Grogan | CNBC Berkshire HathawayThis weekend’s Annual Shareholders’ Meeting kicks off with a lavish shopping spree. Known as the ‘Berkshire Bazaar of Bargains’, this shopping event has become an annual convention tradition. With over 20,000 square…
The Conservative Party, led by Rishi Sunak, suffered a crushing loss in Friday’s UK Council poll, but experts say Labor has yet to reach a result that would lead to a clear parliamentary majority in the next general election. . After a turbulent year, the prime minister’s party rocked the country after losing 685 seats…
And yep, it’s gone! First Republic Bank’s magical disappearing trick surprised us all on Monday. Other US regional lenders appear to be practicing the same. My European Bank ETFs shouldn’t go out in a puff of smoke. I don’t clap. So do you have time to profit? To answer this, we need to do some…
HSBC Holdings Plc Chief Executive Officer Noel Quinn (right), Chairman Mark Tucker center, and Vice Chairman Peter Wong at the bank’s shareholders’ meeting in Hong Kong, China, Monday, April 3, 2023. Hong Kong shareholders, from retirees to taxi drivers, are trying to fend off pressure in Asia to break up the bank. Photo by Paul…
The southern Italian city of Naples erupted in enthusiastic celebrations on Thursday night after football club Napoli won the national championship for the first time since Diego Maradona led his team to victory in 1990. With streets adorned with blue and white streamers, pictures of players and banners proclaiming ‘Napoli Champion of Italy’, the Neapolitan…
A display of GEICO Insurance’s Gecko character at Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska. Yun Lee | CNBC Berkshire Hathaway Shareholders attending this year’s shareholder meeting will want to know more about Geico, the auto insurance company Warren Buffett once called his “favorite kid.” With tens of thousands of shareholders in attendance, Berkshire’s…
A display of GEICO Insurance’s Gecko character at Berkshire Hathaway’s annual shareholder meeting in Omaha, Nebraska. Yun Lee | CNBC Berkshire Hathaway Shareholders attending this year’s shareholder meeting will want to know more about Geico, the auto insurance company Warren Buffett once called his “favorite kid.” With tens of thousands of shareholders in attendance, Berkshire’s…
Chinese tourist spending on one of the country’s most important holidays surpassed pre-pandemic levels for the first time, officials said. This is a sign of economic momentum after China ends its coronavirus containment measures. Travel during this week’s Labor Day holiday has been watched as an indicator of China’s economic recovery and as a barometer…
Check out the companies making the biggest moves at noon. CVS Health — Shares fell about 3% after the company cut its 2023 forecasts for costs related to its recent acquisitions of Signify Health and Oak Street Health. CVS lowered its 2023 adjusted earnings guidance to a range of $8.50 to $8.70 per share, down…
A top WHO investigator who said it was “very unlikely” that Covid-19 leaked from a Chinese lab was fired for sexual misconduct, in the latest scandal that hit the UN agency. I got The WHO told the Financial Times that scientist and longtime WHO official Peter Ben Embarek was fired in 2022 after two complaints…
Federal Reserve Chairman Jerome Powell speaks during a press conference at the Federal Reserve Board in Washington, DC, March 22, 2023. Olivier D’Liery | AFP | Getty Images There’s not much mystery about what the Federal Reserve plans to do with interest rates on Wednesday. What’s intriguing is how central banks go from here. The…