Ukraine’s air force commander said the military’s air defense intercepted a hypersonic Kh-47 “Kinzhal” missile, one of Russia’s most modern weapons, fired during a night attack on May 4, with the aid of a US Patriot defense system.
Berkshire Hathaway Inc. won’t make an offer for full control of Occidental Petroleum Corp., Warren Buffett said Saturday, tempering speculation he was seeking to own the energy producer after spending months snapping up its shares.
Fresh fears over a recession-inducing credit crunch are spurring bond bulls to ramp up bets that the Federal Reserve will embark on the most abrupt policy shift in almost four decades.
US inflation data in the coming week will provide clues about whether the Federal Reserve can pause its series of interest-rate hikes at next month’s meeting.
As the regional bank turmoil continues and markets digest the Federal Reserve’s latest rate hike, investors and executives are turning to the next big question: What if lawmakers fail to resolve the standoff around the US debt ceiling?
Berkshire Hathaway Inc.’s Warren Buffett said executives in charge of failed banks should be held accountable for mistakes that in some cases were hiding in “plain sight.”
Russian pro-war novelist and politician Zakhar Prilepin was injured and his driver killed in a car bombing as he was returning from Ukraine’s occupied territories, according to media reports.
The US government doesn’t have to default for the debt-ceiling impasse to negatively impact the economy.
Warren Buffett, whose economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over.
President Luiz Inácio Lula da Silva renewed his criticism of Brazil’s central bank for failing to lower borrowing costs, saying Brazilian society can no longer stand the Selic benchmark rate at 13.75%.
