Warren Buffett’s company has bet over $45 billion on the oil sector
OMAHA, Neb. — Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of…
AP Wire
Russia curtails oil shipments to central Europe
Several countries in Europe dependent on Russian energy suffered another with confirmation today that oil shipments have stopped through a critical pipeline. Russian state pipeline…
Most electric vehicles won’t qualify for federal tax credit
DETROIT — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act…
Iowa metal manufacturer settles U.S. government complaint
DES MOINES — A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in…
Biden signs $280B CHIPS act in bid to boost US over China
WASHINGTON (AP) — President Joe Biden on Tuesday signed a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to…
Axios Media is sold to Cox Enterprises
NEW YORK (AP) — Axios Media is being acquired by Cox Enterprises, which said Monday that it plans to push the online news provider into…
China extends threatening military exercises around Taiwan
BEIJING — China said today it is extending threatening military exercises surrounding Taiwan that have disrupted shipping and air traffic and substantially raised concerns about…
Wall Street ending flat as investors await inflation updates
Major stock indexes on Wall Street gave up early gains and ended a choppy day of trading little changed Monday. The S&P 500 and Nasdaq…
American Airlines CFO on fixing balance sheet after pandemic
FORT WORTH, Texas (AP) — Derek Kerr might have the hardest job in the airline business. Kerr is the chief financial officer of American Airlines,…
BioNTech reports strong first half, expects demand to grow
BERLIN — BioNTech, which teamed with Pfizer to develop a powerful COVID-19 vaccine, has reported higher revenue and net profit in the first half of…