Apple CEO Tim Cook arrives for Apple’s Morning Show’s world premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York. Angela Weiss | AFP | Getty Images The Dow Jones industrial average has relied on its powerhouse Apple to shake off its coronavirus damage, but that …
Read More »Warren Buffett advised Airbnb CEO Brian Chesky to ‘slowly get rich’. The home sharing platform has just been submitted to go public in the event of a pandemic.
Getty Images Warren Buffett advised Airbnb CEO Brian Chesky to “slowly get rich” years ago. Chesky expedited the process on Wednesday by filing a lawsuit to take his home rental business public, even though it still exists against the coronavirus pandemic. The Airbnb boss cut costs, raised $ 2 billion …
Read More »US weekly unemployment claims jump back above 1 million
The number of people filing for unemployment benefits last week was higher than expected, raising concerns about the state of the economy as lawmakers struggle to move forward on a new coronavirus incentive package. The Department of Labor said initial unemployment claims for the week ending August 15 came to …
Read More »Warren Buffett’s $ 113 billion Apple stake and $ 147 billion cash stack now account for more than half of Berkshire Hathaway’s total market value
REUTERS / Rebecca Cook Warren Buffett’s Berkshire Hathaway has Apple shares and cash worth 52% of its total market capitalization. The billionaire investor company had $ 113 billion in Apple stock and $ 147 billion in cash at the last count, representing more than half of its $ 499 billion …
Read More »Apple ‘significant’ iPhone upgrade potential in China: Morgan Stanley
A woman using a smartphone walks past an Apple store in Shanghai, China, May 9, 2019. Qilai Shen | Bloomberg | Getty Images Apple has “significantly potential iPhone upgrade” in China ahead of the launch of its next flagship smartphone, Morgan Stanley said in a note on Wednesday. The return …
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