Business – Page 15

FAA’s Oversight of Boeing Under Scrutiny Again After Recent Safety Incidents

Department Store Credit Card Conundrum: Macy’s, Kohl’s, Nordstrom, and the Looming Threat to Revenue Streams

In an era of retail upheaval, department stores face a new existential challenge: the potential erosion of a once-stalwart revenue source—their store-branded credit card businesses. Recent regulatory proposals, notably from the Consumer Financial Protection Bureau (CFPB), aim to curtail excessive late fees, a move that could significantly dent profitability for retailers reliant on credit cardContinue reading “Department Store Credit Card Conundrum: Macy’s, Kohl’s, Nordstrom, and the Looming Threat to Revenue Streams”

Warren Buffett’s Berkshire Hathaway Adjusts Apple Position Amid Market Speculation

Berkshire Hathaway, led by Warren Buffett, made strategic adjustments to its investment portfolio in the fourth quarter of 2023, notably trimming its flagship position in Apple. The conglomerate sold approximately 1% of its Apple shares during this period, reducing its ownership stake to 5.9%. Despite the reduction, Berkshire’s stake in the iPhone maker still holdsContinue reading “Warren Buffett’s Berkshire Hathaway Adjusts Apple Position Amid Market Speculation”