Sun, Feb 25, 2024 12:35 PM
Vietnam's VinFast seeks India EV import duty cut!
A Flip by Shubhangi Gupta
Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September and other 25 basis points in November. So deposit rates — including money market account rates — have started falling.
Open Flip
Warren Buffett's Berkshire Hathaway said on Thursday it made new investments in Domino's Pizza and Pool Corp in the third quarter, even as it retrenched from from stocks such as Apple and Bank of America. Berkshire owned 1.28 million Domino shares worth about $549 million as of Sept. 30. It also owned 404,000 shares of Pool, a distributor of swimming pool supplies, worth about $152 mn as of date.
Open Flip
Applied Materials' Q4 earnings missed expectations, despite revenue beating estimates, due to a decline in net income to $1.73 billion or $2.09 per share. Revenue grew 5% year-over-year to $7.05 billion, but China sales slowed 28% to $2.14 billion. The company's Q1 guidance also fell short of expectations, sending shares 4% lower.
Open Flip
