Buffett ends drought with $11.6 billion Alleghany insurance purchase

Buffett ends drought with 116 billion Alleghany insurance purchase

NEW YORK, March 21 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has struck an agreement to buy insurance company Alleghany Corp (Y.N) for $11.6 billion, just weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities. Alleghany, whose businesses include reinsurer Transatlantic Holdings, would expand Berkshire’s large portfolio of insurers, which includes … Read more

Shares ease as Ukraine fighting rages on, oil climbs

Shares ease as Ukraine fighting rages on oil climbs

European shares choppy, Asia shares fall Ukraine fighting rages on, some hints of progress Fed’s Powell expected to reiterate hawkish outlook Crude oil prices jump as EU weighs Russian ban MILAN, March 21 (Reuters) – Stock markets around the world slipped on Monday as fighting in Ukraine raged on with no sign of a ceasefire … Read more

Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble

Mortgage rates jump above 4 — prompting borrowers to return

It’s increasingly expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable-rate mortgages — one of the financial products blamed for the 2006 … Read more

Elon Musk Defends a Threatening Tesla Rival

Elon Musk Defends a Threatening Tesla Rival

Elon Musk is not known for standing up for his rivals. It’s quite the opposite because he doesn’t like being upstaged.  The charismatic CEO of Tesla  (TSLA) – Get Tesla Inc Report and SpaceX has just played, for a few tweets, the lawyer of one of the most serious rivals of Tesla, the manufacturer of high-end … Read more

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

Oil jumps as EU weighs Russian ban Saudi refinery output

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson, California, U.S., March 11, 2022. Picture taken March 11, 2022. Picture taken with … Read more

Iowans respond to delayed project giving Apple $200 million in public subsidies: ‘It’s just welfare’

1647848020 Iowans respond to delayed project giving Apple 200 million in

NEWYou can now listen to Fox News articles! WAUKEE, Iowa – Residents of a Des Moines suburb criticized a government agreement with Apple that gave the tech giant $200 million in public subsidies for a project that’s years behind schedule. “It’s not fair. They don’t give me anything,” a Waukee man told Fox News. “I … Read more

Oil prices jump again on Russia-Ukraine fears, as IEA calls for cut in energy usage

Oil prices jump again on Russia Ukraine fears as IEA calls

Oil prices jumped even higher on Monday after Russia-Ukraine talks appeared to yield no sign of progress, and markets continued to fret over tight supply — sparking a call by the International Energy Agency to reduce oil demand. Crude futures were up more than 3% on Monday morning during Asia trading — international benchmark Brent … Read more

Mercedes-Benz showcases its Intelligent Park Pilot technology in Los Angeles, demonstrating an EQS autonomously valet itself

Mercedes Benz showcases its Intelligent Park Pilot technology in Los Angeles

During a live demonstration at the InterContinental Hotel in downtown Los Angeles, Mercedes-Benz and Bosch offered a glimpse into the future in which our EVs will valet themselves. Using the Intelligent Park Pilot feature in the Mercedes EQS, the companies were able to demonstrate a driver pulling up, exiting the vehicle, and activating the automated … Read more

Wisconsin gas stations sue competitor for having cheaper gas prices

Wisconsin gas stations sue competitor for having cheaper gas prices

WAUKESHA, Wis. (NEXSTAR) — Two Wisconsin gas stations are suing a grocery chain for making the prices at its pumps too cheap. According to WISN, the companies operating the nearby Shell and BP stations in Waukesha are suing Woodman’s, a local grocery chain, for damages of $80,000 each. They say that number is based on … Read more