Business Archives - RawNews1st https://rawnews1st.net/category/business/ We Break News Sun, 17 Nov 2024 13:32:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 https://rawnews1st.net/wp-content/uploads/2022/11/cropped-f249ad994da25d61-32x32.jpg Business Archives - RawNews1st https://rawnews1st.net/category/business/ 32 32 Warren Buffett Invests Heavily In 2 Stocks Expected To Jump 19% And 20% https://rawnews1st.net/warren-buffett-invests-heavily-in-2-stocks-expected-to-jump-19-and-20/?utm_source=rss&utm_medium=rss&utm_campaign=warren-buffett-invests-heavily-in-2-stocks-expected-to-jump-19-and-20 Sun, 17 Nov 2024 13:31:54 +0000 https://rawnews1st.net/?p=74146 Benzinga – Warren Buffett’s investment strategy is a case study in bold and safe play. Nearly $99 billion is

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BenzingaWarren Buffett’s investment strategy is a case study in bold and safe play. Nearly $99 billion is pegged on two iconic names: Apple and Coca-Cola.

Through Berkshire Hathaway, Buffett has channeled a whopping half of his equity holdings into Apple alone and he’s held tight to his Coca-Cola shares since the late 1980s. 

His strategy here is simple but powerful – backing companies with brand strength and consistent financials. Apple’s stock, for instance, surged 31% this year and many see this as Buffett’s savviest move yet. Some say it’s his “crown jewel,” lauding his foresight in spotting a tech company that’s proven as resilient as it is profitable.

But as with any big bet, Buffett’s heavy reliance on Apple has sparked some chatter. Skeptics say putting so many eggs in one tech basket could be risky.

With tech stocks, there’s always the threat of shifting consumer trends, not to mention the occasional market shake-up. 

And while Apple has shown impressive gains this year, the latest numbers hint at a slight cooling. In the last fiscal year, Apple’s total revenue dipped by 0.8% – a small shift but enough to raise eyebrows.

Still, Morgan Stanley analyst Erik Woodring believes Apple has room to climb, setting a price target of $273, which would mark a 20% rise from current levels.

Apple’s pivot toward services is holding it steady. Though iPhone sales may ebb and flow, Apple’s revenues from the App Store, streaming and cloud services have grown by 23% over the past few years. 

Services have also helped Apple boost its profit margins, going from 43.3% in 2022 to 46.2% in 2024, catching Wall Street’s attention. These margins and the cash flow from services make Apple’s high share prices easier to swallow, especially as it could mean bigger dividends for shareholders.

Then there’s Coca-Cola, which stands out as Buffett’s textbook choice. It’s familiar, steady and beloved worldwide.

His initial investment in Coca-Cola in the late ‘80s has since grown to a $27.67 billion stake and despite recent bumps – like a 12% drop from September’s peak – investors still see value here. 

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Top Israeli Court Rejects Netanyahu’s Request To Delay Criminal Trial https://rawnews1st.net/top-israeli-court-rejects-netanyahus-request-to-delay-criminal-trial/?utm_source=rss&utm_medium=rss&utm_campaign=top-israeli-court-rejects-netanyahus-request-to-delay-criminal-trial Sun, 17 Nov 2024 13:21:48 +0000 https://rawnews1st.net/?p=74143 The Cradle – Top Israeli Court Rejects Netanyahu’s Request To Delay Criminal Trial The prime minister has been

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The Cradle – Top Israeli Court Rejects Netanyahu’s Request To Delay Criminal Trial

The prime minister has been repeatedly accused of prolonging the Gaza war to avoid prosecution on charges of bribery, fraud, and breach of trust

The Jerusalem District Court rejected on 13 November a request made by Israeli Prime Minister Benjamin Netanyahu to delay his testimony in his corruption trial by 10 weeks.

The court said the premier has already had five months to prepare for his testimony, which is scheduled for 2 December.

“We were not convinced that a substantial change in circumstances has occurred which would justify a change to the date we set in our [original] decision.” As a result, Netanyahu will be forced to take the stand.

Hours prior to the court ruling, a representative of the Israeli State Attorney’s Office, Yehudit Tirosh, said the “prime minister can’t dictate the schedule for his trial and testimony.”

…Netanyahu’s legal team filed the request for delay at the Jerusalem District Court earlier this week, arguing that certain security incidents occurred during the time in which the premier was supposed to prepare, making the testimony impossible.

After the start of the war in October last year, Netanyahu’s trial was put on hold before resuming in early December 2023.

The Israeli prime minister has been accused of and charged with fraud, bribery, and breach of trust in three separate cases filed in 2019. He faces a potential prison sentence of up to 10 years.

Many, including Israelis opposed to the premier and his policies, have accused Netanyahu of seeking to prolong the war in Gaza in order to avoid trial and potential imprisonment.

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‘Cybersecurity issue’ hits Hannaford stores, website & to go service still down https://rawnews1st.net/cybersecurity-issue-hits-hannaford-stores-website-to-go-service-still-down/?utm_source=rss&utm_medium=rss&utm_campaign=cybersecurity-issue-hits-hannaford-stores-website-to-go-service-still-down Sun, 17 Nov 2024 13:13:02 +0000 https://rawnews1st.net/?p=74140 13WGME – The incident was first reported last Wednesday when Hannaford said some stores and pharmacies were experiencing

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13WGME – The incident was first reported last Wednesday when Hannaford said some stores and pharmacies were experiencing a “network issue”.

More than a week after Hannaford supermarkets were impacted by a cybersecurity incident, many of the grocer’s online services remain down.

Two days later the chain’s parent company, Netherlands-based Ahold Delhaize, confirmed it had detected a “cybersecurity issue” within its US network and took some systems offline to protect them.

While the supermarket chain said stores have remained open while they work to fix the problem, online services like Hannaford’s website, its app and “To Go” ordering system have been unavailable.

Hannaford’s last update to customers was posted on Facebook last Friday where they said “recovery efforts are still underway” and that they apologize for the inconvenience this incident has caused.

However, it remains unclear how much longer the online services will remain unavailable and what the wider impact of this cybersecurity situation may be.

Hannaford and its parent company didn’t directly answer emailed questions from the CBS13 I-Team asking for more details about when online services will be restored and if any customer or employee data was compromised as a result of the incident.

Instead, a spokesperson for Ahold Delhaize provided the following statement:

“Ahold Delhaize USA’s brands’ stores are open and serving our customers. While we have largely returned to providing the level of support that our customers expect across our brands, certain customers may still experience service delays or interruptions. Beyond that, we would refer you to the press release Ahold Delhaize issued on Friday, Nov. 8.”

The grocery giant previously said it had notified law enforcement of this cybersecurity issue.

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Secret Service agent assigned to Barack Obama’s detail has been fired for allegedly inviting his girlfriend to the former president’s Hawaii beach house https://rawnews1st.net/secret-service-agent-assigned-to-barack-obamas-detail-has-been-fired-for-allegedly-inviting-his-girlfriend-to-the-former-presidents-hawaii-beach-house/?utm_source=rss&utm_medium=rss&utm_campaign=secret-service-agent-assigned-to-barack-obamas-detail-has-been-fired-for-allegedly-inviting-his-girlfriend-to-the-former-presidents-hawaii-beach-house Sat, 16 Nov 2024 14:51:11 +0000 https://rawnews1st.net/?p=74125 The independent.com – According to the exposé, the agent sent Dwanyen “several photographs” of the former first family’s

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The independent.com – According to the exposé, the agent sent Dwanyen “several photographs” of the former first family’s sprawling beachfront mansion, a week before inviting her over to the property on November 6 2022 while they were away.

Koryeah Dwanyen, the girlfriend of the unnamed security official known only as “Dale”, detailed the incident in her self-published memoir, Undercover Heartbreak: a Memoir of Trust and Trauma.

Dale was allegedly assigned to the Obamas’ security detail when he first met Dwanyen while she was on vacation in Martha’s Vineyard in 2022.

Some time later, Dale invited his lover to the Obamas’ Hawaii home, Dwanyen writes. “No one will know. If anything,” Dwanyen claims he said, according to an extract obtained by ABC News. “I’m the one who could get in trouble.”

Dwanyen claims the agent then wanted to fool around in the former first lady’s bathroom.“We should have sex in Michelle [Obama’s] bathroom, like a mile-high club,” Dwanyen recalls her former partner saying.

She said that Dale had also shared “tidbits” of information with her.

“I knew their code names. I knew what day Orange Theory was, what day [Michelle Obama] had private tennis lessons and when her personal trainer came,” she said.

Dale had allegedly also taken photos of Alicia Keys’ house, Steven Spielberg’s boats, Melinda Gates, Tyler Perry and Amal Clooney and had shared background information on former vice president Mike Pence, who he had allegedly been assigned to during the Trump Administration, she said.

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Thousands of ICE officers to be reassigned from desk jobs as Trump vows to ‘flood’ sanctuary cities with agents https://rawnews1st.net/thousands-of-ice-officers-to-be-reassigned-from-desk-jobs-as-trump-vows-to-flood-sanctuary-cities-with-agents/?utm_source=rss&utm_medium=rss&utm_campaign=thousands-of-ice-officers-to-be-reassigned-from-desk-jobs-as-trump-vows-to-flood-sanctuary-cities-with-agents Thu, 14 Nov 2024 22:20:51 +0000 https://rawnews1st.net/?p=74117 NYP – Thousands of ICE officers to be reassigned from desk jobs as Trump vows to ‘flood’ sanctuary

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NYP – Thousands of ICE officers to be reassigned from desk jobs as Trump vows to ‘flood’ sanctuary cities with agents.

US Immigration and Customs Enforcement officers who spent the last four years stuck behind a desk processing illegal migrants under the Biden-Harris administration are preparing to get back out into the field — as President-elect Donald Trump and his “border czar” Tom Homan vowed to “flood” sanctuary cities with agents.

The move would mean thousands of desk-bound ICE officers will soon be out making arrests of the millions of illegal immigrants who snuck across the besieged southern border and are now roaming American streets. 

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26K natural gas, carbon monoxide alarms recalled:Recall alert https://rawnews1st.net/26k-natural-gas-carbon-monoxide-alarms-recalledrecall-alert/?utm_source=rss&utm_medium=rss&utm_campaign=26k-natural-gas-carbon-monoxide-alarms-recalledrecall-alert Thu, 14 Nov 2024 22:00:03 +0000 https://rawnews1st.net/?p=74113 WSOC – The recall affects DeNova Detect alarms that can go into sleep mode if an alert occurs

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WSOC – The recall affects DeNova Detect alarms that can go into sleep mode if an alert occurs for less than four minutes. While it is in the sleep mode it fails to alert users to new presences of either natural gas or carbon monoxide.

The alarms have model number DD622NCV which can be found on the top of the alarm. A serial number is on the right side of the device.

If you have the recalled alarm, you should register it online to get a prepaid shipping package and replacement alarm.

For more information call New Cosmos USA at 888-447-6016 from 7 a.m. to 7 p.m. ET Monday through Friday, or email the company. You can also visit the company’s website.

They were sold by Lowe’s, Amazon and DeNova Detect’s website from December 2023 to July 2024 for between $90 and $102.

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Looking for Wednesday’s Wordle hints, clues and answer: 1244 Hints https://rawnews1st.net/looking-for-wednesdays-wordle-hints-clues-and-answer-1244-hints/?utm_source=rss&utm_medium=rss&utm_campaign=looking-for-wednesdays-wordle-hints-clues-and-answer-1244-hints Thu, 14 Nov 2024 20:56:26 +0000 https://rawnews1st.net/?p=74075 Forbes – Today is Thor’s day. That means that yesterday was Wordle Wednesday. I cooked up a riddle

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Forbes – Today is Thor’s day. That means that yesterday was Wordle Wednesday. I cooked up a riddle for yesterday’s namesake, Odin, to keep things interesting. Here was the riddle:

The answer: Huginn and Muninn, Odin’s pair of ravens who serve as his messengers and spies. A bit tricky, I know, if you’re not into Norse mythology.

I was feeling very tied into that mythos yesterday, and even wrote a poem about the wolf Fenrir if you care to read it. (It’s not entirely about Fenrir, but the backdrop of the wolf and Odin help create the backdrop and mood of the poem).

In any case, extra points if you solved this one. Now let’s solve this Wordle!

How To Solve Today’s Wordle

The Hint: Look in the back of your throat.

The Clue: This Wordle has a double letter.

Okay, spoilers below!

Every day I check Wordle Bot to help analyze my guessing game. You can check your Wordles with Wordle Bot right here.

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More Than 150,000 Bottles Pulled From Shelves Over Bacteria Risk: Recall https://rawnews1st.net/more-than-150000-bottles-pulled-from-shelves-over-bacteria-risk-recall/?utm_source=rss&utm_medium=rss&utm_campaign=more-than-150000-bottles-pulled-from-shelves-over-bacteria-risk-recall Wed, 13 Nov 2024 01:16:52 +0000 https://rawnews1st.net/?p=74072 Health.com More than 150,000 bottles of water have been recalled due to the presence of coliforms, according to

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Health.com More than 150,000 bottles of water have been recalled due to the presence of coliforms, according to a Food and Drug Administration (FDA) notice.

The recall, initiated on Sept. 12 and classified by the FDA on Nov. 8, affects bottled water produced by Berkeley Club Beverages, Inc—specifically Berkeley Springs Water Purified and Berkeley Springs Water Distilled in 1- and 5-gallon bottles.

The recall has been given a class III designation, which means this is a situation where “use of, or exposure to, a violative product is not likely to cause adverse health consequences.” This is considered the least serious classification of FDA recalls.

Coliforms, or coliform bacteria, are organisms that are found in soil, water that has been influenced by surface water, and in human or animal waste. Coliform is considered an “indicator bacteria,” which means its presence suggests that other bacteria that can make you sick are present in the water.

Most coliform bacteria does not cause disease, but some rare strains of E.coli—which is a type of coliform bacteria—can cause serious illness.

That includes the strain 0157:H7, which has been found in cattle, chickens, pigs, and sheep. It’s rare for E. coli 0157:H7 to contaminate drinking water, though.

E.coli typically causes gastrointestinal symptoms, including diarrhea that’s bloody or watery, stomach cramps that can be severe, vomiting, or a low fever. However, some forms of E.coli can trigger a serious health condition called hemolytic uremic syndrome, which can lead to kidney failure, permanent health problems, and even death.

In all, 151,397.75 bottles of water are affected by the recall. The bottles were distributed in West Virginia, Maryland, and Virginia and have the following codes:

  • 090326
  • 090426
  • 090526
  • 090626

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A key executive from Google’s news division has reportedly resigned from his post https://rawnews1st.net/a-key-executive-from-googles-news-division-has-reportedly-resigned-from-his-post/?utm_source=rss&utm_medium=rss&utm_campaign=a-key-executive-from-googles-news-division-has-reportedly-resigned-from-his-post Mon, 11 Nov 2024 22:22:29 +0000 https://rawnews1st.net/?p=74036 Shailesh Prakash had served as a vice president and general manager for Google News. A source confirmed that

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Shailesh Prakash had served as a vice president and general manager for Google News. A source confirmed that he is no longer with the company.

The Wall Street Journal first reported on his resignation, citing people familiar with the matter.

The circumstances behind Prakash’s resignation were not immediately clear. Google declined to comment.

Prakash’s job experience gave him unique insight into the news industry’s gripes with Google.

He joined Google in Nov. 2022 after an 11-year stint at the Washington Post, where he served as chief product and technology officer, according to his LinkedIn profile.

He was credited with guiding the newspaper’s shift toward digital content during that period, including its creation of an in-house advertising technology business, the Journal said.

Prakash reportedly worked closely with billionaire Jeff Bezos after the Amazon founder bought the Washington Post for $500 million in 2013.

The outgoing Google executive previously held roles at Sears and Microsoft.

Google has faced intense scrutiny in recent months over its business practices and the alleged harm they have caused to news publishers, which rely on the search giant for the site traffic that underpins ad sales.

The Big Tech giant rankled online publishers last May after it introduced a feature called “AI Overviews” – which places an auto-generated summary at the top of its search results while burying links to other sites.

News Media Alliance, a nonprofit that represents more than 2,200 publishers, including The Post, said the feature would be “catastrophic to our traffic” and has called on the feds to intervene.

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Fire at Indian Oil refinery kills 1, injures 2, police official says https://rawnews1st.net/fire-at-indian-oil-refinery-kills-1-injures-2-police-official-says/?utm_source=rss&utm_medium=rss&utm_campaign=fire-at-indian-oil-refinery-kills-1-injures-2-police-official-says Mon, 11 Nov 2024 21:49:59 +0000 https://rawnews1st.net/?p=74023 Reuters One person was killed and two others injured in a fire that broke out on Monday at

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Reuters One person was killed and two others injured in a fire that broke out on Monday at an Indian Oil Corp (IOC.NS) refinery in the western state of Gujarat, a senior police official said. “We recovered a burnt dead body from the site,” Narasimha Komar, police commissioner of Vadodara city in Gujarat, told Reuters.

IOC, which runs a 13.7 million metric tons per annum integrated refinery-cum-petrochemical complex in Gujarat, earlier said a benzene storage tank caught fire at 3:30 PM local time.

The fire spread to a second tank, Komar said.

IOC said in a statement that its refinery operations were unaffected.

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