$3.5 billion missile sale to Saudi Arabia Approved
13 hours ago
The United States has given initial approval to sell $3.5 billion worth of air-to-air missiles for Saudi Arabia’s fighter jets, the latest proposed arms deal for the region ahead of President Donald Trump’s planned trip to the region later this month. The sale, announced early Saturday, likely will be one of several heralded by Trump on his visit to the kingdom. Saudi Arabia already has said wants to invest $600 billion in the United States over the next four years. The proposed arms sale now goes to the U.S. Congress.
Warren Buffett's profits fall on wildfire losses
Warren Buffett's company reported just over one-third of last year's profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions. The profit numbers were weighed down by a major drop in the value of its investments and $860 million in insurance losses related to policies that Geico and its other insurance companies wrote before the devastating Southern California wildfires. But Buffett’s comments will be the main attraction Saturday. Investors will be looking for him to explain why Berkshire is now sitting on $347.7 billion cash.
Warren Buffett's profits fall on wildfire losses
Warren Buffett's company reported just over one-third of last year's profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions. The profit numbers were weighed down by a major drop in the value of its investments and $860 million in insurance losses related to policies that Geico and its other insurance companies wrote before the devastating Southern California wildfires. But Buffett’s comments will be the main attraction Saturday. Investors will be looking for him to explain why Berkshire is now sitting on $347.7 billion cash.
