Wealth Growth Daily

May 4, 2024

WestJet issues 72-hour lockout notification to union

BY Reuters  • May 4, 2024May 4, 2024
(Reuters) -Onex Corp’s WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the ‍Aircraft Mechanics Fraternal Association.[...]
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Berkshire shareholders reject climate, diversity, China proposals

BY Reuters  • May 4, 2024May 4, 2024
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren[...]
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Buffett talks succession and Berkshire’s future at annual meeting

BY Reuters  • May 4, 2024May 4, 2024
(Reuters) -Warren Buffett took the stage at Berkshire Hathaway’s annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the e[...]
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Warren Buffett says Berkshire sold entire Paramount stake at a loss

BY Reuters  • May 4, 2024May 4, 2024
NEW YORK (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for th[...]
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Warren Buffett says taxes may rise to offset widening US deficits

BY Reuters  • May 4, 2024May 4, 2024
NEW YORK (Reuters) -Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. “I think higher taxes are likely,”[...]
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Analysis-Warren Buffett’s PacifiCorp utility singed by wildfires

BY Reuters  • May 4, 2024May 4, 2024
By Jonathan Stempel OMAHA, Nebraska (Reuters) – Two years ago, Warren Buffett branded Berkshire Hathaway’s energy business one of his conglomerate’s four “giants.” Now he[...]
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Berkshire pares huge Apple stake as cash, operating profit set records

BY Reuters  • May 4, 2024May 4, 2024
By Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett’s conglomerate let its cash hoard s[...]
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Fed’s Williams says 2% inflation target ‘critical’

BY Reuters  • May 4, 2024May 4, 2024
By Ann Saphir PALO ALTO, California (Reuters) -The U.S. central bank’s 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federa[...]
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Paramount will let exclusive talks with Skydance lapse

BY Reuters  • May 4, 2024May 4, 2024
By Dawn Chmielewski (Reuters) -Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival[...]
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