Business

Facebook blocks users in Australia from finding or sharing news

People in Australia can no longer find news on Facebook (FB). Facebook said Wednesday that people and publishers in Australia cannot share and view news from local and international outlets. The announcement is a response to proposed legislation in Australia that would force tech platforms to pay news publishers for content. “What the proposed law […]

Business

Gold Price on February 15: Rates Remained Unchanged in Metro Cities

Both the gold and silver prices on Monday, February 15 did not witness any changes as the cost of one gram of 22-carat gold remained unchanged at Rs 4,634. Similarly, the price of 10 grams of 22-carat-gold stood at Rs 46,340. According to Good Returns, the rate of 24-carat gold remained the same following the […]

Business

Black franchise owner sues McDonald’s for alleged race discrimination

A Black McDonald’s franchise operator has filed a lawsuit against the company, alleging that it steered him toward less profitable restaurants in lower-income, predominantly Black neighborhoods because of his race. Retired Major League Baseball player Herbert Washington, who currently operates 14 McDonald’s restaurants, filed the civil suit in Ohio on Tuesday. Washington’s allegations are similar […]

Business

Chinese drone company EHang’s shares plunged 63% after fraud claim

Investors have been dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed firm plummeted nearly 63% in New York on Tuesday after Wolfpack Research released a scathing, detailed report questioning EHang’s business. The stock trimmed its losses Wednesday, bouncing 35% higher to about $62 […]

Business

How Robinhood ended up in Washington’s crosshairs

This was supposed to be the year Robinhood turned the page on its troubles and launched a massive IPO. And then GameStop mania happened. Robinhood ignited a firestorm last month when the free trading app suspended purchases of GameStop (GME), AMC (AMC) and other stocks that were sent to the moon by an army of […]

Business

What does Warren Buffett see in Chevron?

Many investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. Not Warren Buffett. What’s happening: Buffett’s Berkshire Hathaway just disclosed a new stake in Chevron (CVX), the second largest oil firm in the United States. The $4.1 billion investment could have been spearheaded by Berkshire […]

Business

Warren Buffett sells JPMorgan Chase stock and buys Verizon

It appears that Warren Buffett is souring on the financial sector’s prospects, and that the Oracle of Omaha also has a newfound interest in Big Oil, as well as telecom and media. He also bought stakes in Dow components Chevron (CVX) and Verizon (VZ) in the fourth quarter of last year. Buffett’s Berkshire Hathaway (BRKA) […]