Warren Buffett’s devout fans say he is inimitable. It has never stopped others from trying. Buffett stepped down as Berkshire Hathaway’s chief executive officer in December, ending a decadeslong tenure…
Category: Companies
HSBC layoffs soon? Wall Street giant may slash 20,000 roles amid AI-led overhaul, says report
HSBC layoffs: HSBC Holdings Plc is deciding on a wave of deep job cuts that could see 20,000 layoffs in the upcoming years as Chief Executive Officer Georges Elhedery bets…
2,400 Kaiser mental health professionals strike in Northern California over AI concerns
OAKLAND, Calif. (AP) — About 2,400 Kaiser Permanente mental health professionals were striking Wednesday in Northern California over concerns that the health care giant is replacing therapists with artificial intelligence.…
Pennsylvania regulators seek $2.6 million in penalties for deadly 2023 chocolate factory explosion
HARRISBURG, Pa. (AP) — Pennsylvania regulators asked an administrative law judge on Wednesday to make a gas utility pay $2.6 million in civil penalties for a chocolate factory explosion three…
Private Credit Woes Aren’t a Repeat of Financial Crisis, Bank of America Analyst Says
(Bloomberg) — The recent selloff in firms tied to the private credit industry threw Ares Management Corp. “out with the bathwater,” according to BofA Securities Inc. The rout in alternative…
Iran War May Delay Deal Timelines, Not Derail M&A, McMaster Says
War with Iran may slow the pace of dealmaking but it’s unlikely to dent overall M&A activity, according to Lazard Inc.’s global head of mergers and acquisitions. “The key question…
Macys posts strong Q4 results but a reserved outlook reflects uncertainty around tariffs, Iran war
NEW YORK (AP) — Macy’s reported stronger-than-expected profits in the crucial fourth-quarter and comparable sales rose again. The department store said an overhaul of its merchandise and improved customer service…
He dropped out of college – at 33, this Indian edtech co-founder joins Forbes World’s Billionaires List 2026
Forbes’ 2026 List of the World’s Billionaires is out. And among the record 229 billionaires that India produced this year, are PhysicsWallah cofounders Alakh Pandey and Prateek Boob, who made…
Nazara to buy two Spanish gaming firms for $340 million
Indian gaming firm Nazara Technologies Ltd will acquire Spain-based Bluetile Games S.L. and BestPlay Systems for a total consideration of around $340 million. The company will initially buy a 50%…
Mortgage lender Weaver buys majority stake in Centrum Housing
Housing finance company Weaver Services Pvt Ltd has acquired a majority stake in Centrum Housing Finance Ltd (CHFL). Weaver on Wednesday said it has completed raising ₹1,450 crore from Premji…