Finance
Berkshire Hathaway Posts Second-Quarter Results, Its Second Report Under CEO Greg Abel
The conglomerate published its Q2 earnings and Form 10-Q on Saturday morning, with its near-$400 billion cash position and its pace of share buybacks the main points of investor attention.
White House Gives Fed Governor Lisa Cook Until Aug. 26 to Answer Mortgage-Fraud Allegations
A letter signed by Deputy Chief of Staff Dan Scavino restarts President Trump's removal effort five weeks after the Supreme Court ruled 5-4 that Cook was entitled to notice and a chance to respond.
U.S. Job Openings Fell to 7.36 Million in June, BLS Reports
The Labor Department's JOLTS report showed openings down about 178,000 from May and below forecasts, feeding a split argument over whether the Fed's next move in September should be a cut or a hike.
Electronic Arts Goes Private in $55 Billion Buyout Led by Saudi Arabia's Public Investment Fund
The largest leveraged buyout on record closed August 4, giving Saudi Arabia's sovereign wealth fund roughly 93% of EA, with Silver Lake and Jared Kushner's Affinity Partners holding the rest.
Disney, Uber, Eli Lilly and Shopify Report Quarterly Results as Novo Nordisk Falls on Outlook
Four large U.S.-listed companies posted second-quarter results on August 5, one day after Novo Nordisk's report sent its shares lower, with investors reading the batch for signals on consumer spending, obesity-drug demand and e-commerce ahead of Friday's jobs report.
U.S. Stocks Set Records and Oil Falls Sharply as Officials Say a Strait of Hormuz Deal Is Near; Iran Denies Direct Talks
Wall Street hit all-time highs after Treasury Secretary Scott Bessent and President Trump said an agreement to reopen the Strait of Hormuz could come within days, while Iran's foreign ministry says it is negotiating only with Oman.
U.S. 50% Tariffs on About $20 Billion of Canadian Goods Are Set to Start August 19
Trump used Section 338 of the 1930 Tariff Act for the first time in its history; Canada calls the move a USMCA violation and says talks continue before the deadline.
U.S. and Japan Confirm Joint Yen-Buying Intervention; Dollar Index Falls to Seven-Week Low
Washington and Tokyo bought yen together for the first time in 15 years, and the dollar has since dropped against the yen and other major currencies.
SpaceX and AMD Report Quarterly Results Tuesday, Days Before a Large SpaceX Share Unlock
SpaceX files its first earnings report since June's record IPO on the same afternoon AMD reports, with investors split over whether AI and satellite spending is building value or burning it.
Circle, Galaxy Digital and American Bitcoin Post Quarterly Results in the Same Week as Friday's July Jobs Report
Three crypto-native companies report earnings between August 3 and August 5, days before the Bureau of Labor Statistics releases July employment data on August 7 — a calendar overlap that analysts read in sharply different ways.