At Berkshire Hathaway’s annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents to only sell cyber policies if they absolutely had to do so to satisfy a…
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most of its shorter-dated counterparts since that time — a phenomenon known as an inverted yield…
Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose after the closing bell. As of Wednesday’s close, Chipotle’s stock had slid 17% this month, hurt by investor concerns about…
U.S. stocks had their worst day since 2022 on Wednesday amid a broad pullback in tech companies as Wall Street traders sought to reduce their exposure to firms that have made big bets on artificial intelligence. The tech-heavy Nasdaq index closed down 3.6%, while the broader S&P 500 index closed…
The National Basketball Association has rebuffed longtime media partner Warner Bros. Discovery’s bid to keep airing games after next season. The NBA told the media company it doesn’t believe it holds legal matching rights for the league’s new media deal. It instead plans to move ahead with Amazon as its third partner, along…
Economic activity in the U.S. was considerably stronger than expected during the second quarter, according to an initial estimate Thursday from the Commerce Department. Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and…
It’s been well over a decade since millions of Syrians flooded into Turkey en masse, seeking refuge from the civil war at home. But today, there are increasing signs the refugees may have worn out their welcome. This month, anti-Syrian riots took place in several cities across the country. In…
A surfer’s leg that was severed by a shark attack on Tuesday later washed up on an Australian beach, where a police officer retrieved it and put on ice. McKenzie tried to fight off the shark, which severed his right leg, and was able to ride a wave back to…
Ten migrants drowned in a flooded river near Panama’s coastal community of Carreto while crossing the Darién Gap, Panama’s National Border Service (Senafront) said Wednesday. Senafront did not specify the nationalities of the migrants or when they drowned. The agency said the case is still under investigation but suspects that…
At least 15 people have died and more than 195 are missing after a boat carrying migrants capsized near Mauritania’s capital Nouakchott, the International Organization for Migration (IOM) said Wednesday. The Mauritanian coastguard has rescued 120 people since the boat capsized Monday, including unaccompanied and separated children, according to IOM.…