Author: admin@finance

Warren Buffett’s Berkshire Hathaway received permission to purchase up to 50% of oil giant Occidental Petroleum.

FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint, according to internal documents seen by CNBC.

President Joe Biden’s new 1% excise tax on corporate stock buybacks adds a new levy to the controversial practice. Here’s how it may affect investors.

Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.

Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky.

If inflation has been the biggest threat to U.S. economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline.

With Americans already paying huge bills for food, energy and a host of other items in their daily lives, any respite is a welcome one.

The producer price index, which gauges the prices received for final demand products, fell 0.5% from June.

Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping.

While overall inflation remains high, the prices of some common items are beginning to tick down.