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Berkshire Hathaway Sells Half of Its Apple Shares, Increasing Cash to Record $277 Billion

Berkshire Hathaway Sells Half of Its Apple Shares, Increasing Cash to Record $277 Billion

Apple's stock stake has been reduced by Berkshire Hathaway, which has boosted its cash reserves to a record-high ($277 Billion) as a cautious approach against US economy concerns.


US Unemployment Rate Hits 4.3% as July Adds Only 114,000 Jobs

US job growth slowed unexpectedly in July, with only 114,000 jobs added, raising the unemployment rate to 4.3%, the highest since October 2021.

Malaysia Launches First Locally-Made Electric Car, the Proton e.MAS7

Malaysia has launched its first home-grown electric vehicle, the Proton e.MAS7, to strengthen its position in the growing Southeast Asian EV market.

Trump Proposes Ending Taxes on Social Security Benefits for Seniors

Donald Trump has proposed eliminating federal income taxes on Social Security benefits for seniors, potentially reducing federal revenue by up to $1.8 trillion over the next decade.


Latest News

Turkey Bans Instagram After Removing Posts About Hamas Leader
Turkey blocked 50 million Turkish users' access to Instagram, reportedly in response to the platform removing posts about the death of Hamas leader Ismail Haniyeh.
Here’s Why the Paris Olympics May Be Recalled as a Historical Flop
Compared to previous versions of the games, there seemed to be a crisis the Paris Olympics is facing on promoting the competitions, the general preparations and contingencies the French government is facing, and the moral integrity of the global athletic system.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
The shareholders also noted that CrowdStrike's share price fell more than 30% in the days following the global tech outage.
Twyne: Bridging the Gap Between Online and Real-Life Connections
While platforms like Meta, YouTube, and TikTok offer entertainment and connectivity, they often fall short of fostering genuine, local relationships. Long-distance connections and scheduling conflicts can make it challenging to establish and maintain friendships. People want real-life interactions with others nearby, but the logistics of meeting new people often feel overwhelming. Enter Twyne, a platform designed to bridge the gap between online interactions and real-life connections.
Enginuity Power Systems: Pioneering Ultra-High-Efficiency Energy Solutions for a Sustainable Future
Enginuity Power Systems is an energy solutions company based in Alexandria, VA. Specializing in ultra-high-efficiency energy systems, the company offers products for residential, commercial, industrial, and government applications. Key features of its E-Series systems include a lightweight design, multi-fuel capability, scalability, and quiet operation.
Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures
The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
Ekyam Transforms Retail Technology Integration with a Solution to Unified Commerce
Many retailers struggle with accurately tracking their inventory, with less than 31% knowing the true status of their stock. This is often due to communication breakdowns and discrepancies between various systems, including e-commerce storefronts, marketplaces, POS, OMS, WMS, and ERP. As a result, this can lead to lost revenue and low conversion rates. Fortunately, Ekyam offers an AI-integrated solution that improves communication and data flow across all platforms while optimizing revenue growth.
Law Firm Representing Boeing Serves Gag Order vs. MrBeast Whistleblower
The person behind the social media handle DogPack404, only identified as Dawson, has been issued two cease and desist orders from MrBeast, the social media brand headed by embattled YouTuber Jimmy Donaldson, after accusations of fraudulent practices.
Transforming the Food System: Recovering Lost Value from Waste & Healing the Planet with SCO2's Patented Technology
The expense of waste disposal is considerable, and frequently, the potential value of waste materials remains untapped. Fortunately, SCO2, Inc. has developed an innovative solution that not only cuts down on waste but taps into its potential. Under the guidance of Co-Founder Olaf N. Lee and CEO Michael Sigel, SCO2 is leveraging advanced supercritical CO2 separation technology to revolutionize industrial-scale waste management in the food processing sector.
Doubts on AI and Consumer Spending Halt Stock Market Surge
The Dow had already plunged more than 700 points earlier in the session. Stocks tumbled Thursday, with the Dow Jones Industrial Average closing nearly 500 points lower after fresh data stoked concerns of a potential recession.