Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire's assurance that the banking sector was not a "primary worry" for him during the coronavirus pandemic.
Prominent U.S. fund managers piled into big-name technology stocks and bottom-fished in the beaten-down energy sector as markets reeled from the coronavirus-fueled selloff in the first quarter, regulatory filings released on Friday showed.
A group of state attorneys general led by Texas are likely to -file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar with the situation said on Friday.
Big technology companies that are reaping gains as result of increased reliance on online systems during coronavirus quarantines and lockdowns should work to increase access to the digital economy for all, the head of the IMF said on Friday.
NEW YORK (Reuters Breakingviews) - The U.S.-China trade war is escalating, not just in rhetoric about the coronavirus but also in the world of high technology. Further restrictions on China’s Huawei Technologies by the administration of President Donald Trump heighten
Netflix's (NASDAQ: NFLX) European customers are beginning to enjoy speedier downloads again, as the streaming content provider is bringing the quality back to normal speeds.
The S&P 500 and the Dow Jones indexes fell on Friday, but were well off their session lows, amid signs of deteriorating Sino-U.S. trade relations and growing evidence of the economic slump due to the coronavirus pandemic.
The stock market was volatile on Friday following a rough retail sales report and an escalation in trade tensions between the U.S. and China. Sales at U.S. retailers and restaurants slumped 16.4% in April compared to March. The decline was far worse for some categories, with a 7
Apple (NASDAQ: AAPL) confirmed on Thursday that it has acquired virtual-reality (VR) specialist NextVR. The technology start-up created a platform that broadcasts live and recorded events -- including concerts and sports -- to VR headsets. The move comes just weeks after Apple
Apple's (NASDAQ: AAPL) primary iPhone supplier Foxconn said the COVID-19 pandemic caused first quarter profits to plunge 90% year over year after factories were closed in February.
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Wall Street's main indexes were set to open lower on Friday after the Trump administration's move to block semiconductor shipments to China's Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.
Foxconn's first-quarter profit plunged to its lowest in two decades, all but wiped out, after the coronavirus pandemic forced the Taiwanese firm to suspend manufacturing operations in China and knocked demand from customers including Apple Inc.
Taiwan's Foxconn posted an almost 90% drop in first-quarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.
Taiwan's Foxconn posted an almost 90% drop in first-quarter profit on Friday, as the coronavirus pandemic disrupted production and hit demand from Apple Inc and other major clients.
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