Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
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The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
More than a year ago Warren Buffett looked into investing in ride-sharing company Uber, which is going public this year at a valuation above $80 billion.
But the legendary value investor passed.
"We looked at it 18 months ago or so...it was private," Buffett told a group of reporters ahead of Berkshire Hathaway's annual meeting at the CHI Health Center in Omaha, Nebraska.
When pressed further, Buffett said "I wouldn't comment on any new issue."
Uber is set to go public this month and its underwriters have set a price range of $44 to $50 a share, valuing the company at $83.8 billion on the high end of that range. Uber last raised money in the private market at a $76 billion valuation.
Some investors, including many who follow Buffett's value philosophy, believe the stock is going public at level which is already overvalued. NYU Stern professor Aswath Damodaran said the company is likely worth only $60 billion.