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Berkshire Hathaway's cash exceeds $300 billion as Buffett sells more shares and freezes buybacks

Warren Buffett takes the floor before Berkshire Hathaway's annual shareholder meeting on May 3, 2024 in Omaha, Nebraska. David A. Grogen | CNBC Berkshire HathawayThe company's monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock selling spree and held back from share buybacks. The Omaha-based conglomerate's liquidity rose […]

How Amazon, Best Buy, Costco and Home Depot Prepared for the Port Strike

The International Longshoremen's Association (ILR), which represents around 45,000 longshoremen, has launched its first large-scale strike in 47 years, disrupting supply chains ahead of the Christmas shopping season. Strikes began early Tuesday morning at 36 ports along the East Coast and Gulf Coast, from Maine to Texas, after negotiations failed to produce a new labor […]