(Reuters) -Warren Buffett’s Berkshire Hathaway Inc said on Saturday that disruptions to the global supply chain kept a lid on its ability to generate profit, while rising equity prices caused it to sell some stocks and boost its cash hoard
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Wall Street banks set to profit again when Fed withdraws pandemic stimulus
NEW YORK (Reuters) – Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets.FILE PHOTO: A street sign for Wall Street is seen outside
U.S. banks beat profit estimates on economic rebound, red-hot markets
WASHINGTON (Reuters) – The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading activity
Bank of America profit beats on boost from reserve release, lending
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri (Reuters) -Bank of America Corp beat estimates for third-quarter profit on Thursday, as it released
Lululemon gives upbeat full-year forecast on strong workout apparel demand
(Reuters) -Lululemon Athletica Inc forecast annual revenue and profit above estimates on Wednesday, as demand for its comfortable leggings and sports bras remained strong despite the easing of coronavirus restrictions.People walk past a store by yogawear retailer Lululemon Athletica in
U.S. bank profits drop as industry slows reductions in credit loss provisions – FDIC
FILE PHOTO: A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs from Reuters archive. REUTERS/File PhotoWASHINGTON (Reuters) – U.S. bank profits fell 8.3% to $70.4 billion in the second quarter of
Covid 19 Delta outbreak: Case numbers expected to be just over 50; Cabinet decision on Auckland north hours away; Navy MIQ workers await test results
COVID LATEST:* Locations of interest: Massey fruit and vege shop’s three exposure events* What went wrong: Why Bluetooth Tracing data has not been used for the Delta outbreak* ‘$1m a day’ – lockdown takes toll on retail, entertainment and hospo*
Covid 19 coronavirus community case: NZ in alert level 4 lockdown, Auckland, Coromandel for 7 days, test results today for infected Devonport man
COVID COMMUNITY CASE LATEST* Level-4 lockdown begins – what you can and can’t do* 23 ‘exposure events’ – the locations of interest released so far in Auckland, Coromandel, Thames* ’80-90′ people in bar on nights Auckland man visited* Derek Cheng:
Beyond Meat outlook cautious due to Delta variant, shares fall
(Reuters) – Beyond Meat Inc said on Thursday that restaurants are placing “more conservative” orders for its plant-based burgers due to uncertainty over to the Delta variant of the coronavirus, leading the company to forecast third quarter revenue below estimates.FILE
McDonald's sales surge on BTS meal craze, easing restrictions
(Reuters) – McDonald’s Corp said easing COVID-19 restrictions and the roaring popularity of a new meal inspired by South Korean pop band BTS helped the world’s biggest fast-food chain beat Wall Street expectations for global sales on Wednesday.Slideshow ( 2