By Jarrett Renshaw (Reuters) – The Harris campaign announced on Friday that it raised $310 million in July, fueled by small-dollar donations that flowed into the war chest after President Joe Biden bowed out of the race and endorsed Vice President Kamala Harris. The July figure – more than double the $138.7 million raised by […]
More than 50 US lawmakers, 21 states back DOJ in TikTok lawsuit
By David Shepardson WASHINGTON (Reuters) – A group of 21 states and more than 50 U.S. lawmakers on Friday backed the Justice Department in its defense of a law that requires China-based ByteDance to sell TikTok’s U.S. assets by Jan. 19 or face a ban. “TikTok is a threat to national security and consumer privacy,” […]
Berkshire’s cash hits $277 billion as Buffett slashes Apple stake; operating profit sets record
By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling a large chunk of its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire sold about 390 million Apple shares in the second quarter, on […]
Silicon Valley Bank’s former owner gains approval to end bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge’s permission on Friday to turn over its assets to creditors and end its bankruptcy. Its bankruptcy restructuring has made provision for the creation of a trust to pursue litigation against the U.S. Federal […]