Claims tagged with "Finance"

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Berkshire has amassed a cash hoard of more than $360 billion, and each move it makes with its money is closely scrutinized by investors, especially since Mr. Abel took charge. 1.000

👤 The author 📋 News Article 🏷️ Business , Finance

Simplified: As of September 2026, Berkshire Hathaway has a cash hoard of more than $360 billion.

1 sources

3 weeks ago
Over some six decades at the conglomerate, Mr. Buffett grew Berkshire into a trillion-dollar powerhouse, running businesses like the insurance giant GEICO and the Burlington Northern Santa Fe railroad... 1.000

👤 The author 📋 News Article 🏷️ Business , Finance , Company Profile

Simplified: Under Warren Buffett's leadership over approximately six decades, Berkshire Hathaway grew into a trillion-dollar company that runs businesses like GEI...

1 sources

3 weeks ago
A seasonal beach parking permit costs as much as $60 for town residents and as much as $525 for nonresidents. 1.000

👤 The author 📋 News Article 🏷️ Government , Finance

Simplified: In Southampton, N.Y., a seasonal beach parking permit has a maximum cost of $60 for town residents and $525 for nonresidents.

1 sources

3 weeks ago
Southampton officials bought the Meadow Lane property using a fund that collects a 2 percent tax on property sales. 1.000

👤 The author 📋 News Article 🏷️ Government , Finance , Real Estate

Simplified: The town of Southampton, N.Y. purchased the Meadow Lane property using a fund financed by a 2% tax on property sales.

1 sources

3 weeks ago
The money is typically used to buy farmland, wetlands and forests to keep as open space. 1.000

👤 The author 📋 News Article 🏷️ Government , Finance , Environment

Simplified: The Southampton fund, which collects a 2% tax on property sales, is typically used to purchase farmland, wetlands, and forests to preserve as open spa...

1 sources

3 weeks ago
Bill Pell stood outside the vacant oceanfront mansion, its swimming pool green with algae, and explained why he wanted his town to spend more than $25 million just to tear it down. 1.000

👤 The author 📋 News Article 🏷️ Government , Finance , Real Estate

Simplified: The town of Southampton, N.Y. plans to spend over $25 million to purchase and demolish a vacant oceanfront mansion.

1 sources

3 weeks ago
In July, the United States and Japan jointly intervened in the foreign exchange market to prop up the Japanese currency. 1.000

👤 The author 📋 News Article 🏷️ International Relations , Finance , United States , Japan

Simplified: The U.S. and Japan jointly intervened in the foreign exchange market in July 2026 to support the yen.

1 sources

3 weeks ago
This month, yields on 10-year Japanese government bonds climbed to a three-decade high. 1.000

👤 The author 📋 News Article 🏷️ Economics , Finance , Japan

Simplified: Yields on 10-year Japanese government bonds reached a three-decade high in September 2026.

1 sources

3 weeks ago
Seven of the Bank of Japan’s nine board members voted to raise interest rates. 1.000

👤 The author 📋 News Article 🏷️ Economics , Finance , Japan

Simplified: Seven of the nine Bank of Japan board members voted in favor of raising interest rates.

1 sources

3 weeks ago
It followed rate hikes from the Federal Reserve on Wednesday and the European Central Bank last week, as countries grapple with rising energy prices from the war in the Middle East. 0.950

👤 The author 📋 News Article 🏷️ International Relations , Economics , Finance

Simplified: The Bank of Japan's rate hike followed recent rate hikes by the U.S. Federal Reserve and the European Central Bank.

1 sources

3 weeks ago
The Bank of Japan raised interest rates on Friday. 1.000

👤 The author 📋 News Article 🏷️ Economics , Finance , Japan

Simplified: The Bank of Japan raised interest rates on Friday, September 18, 2026.

1 sources

3 weeks ago
Japan’s central bank moved its policy rate from 1 percent to 1.25 percent, the highest level in 31 years. 1.000

👤 The author 📋 News Article 🏷️ Economics , Finance , Japan

Simplified: Japan's central bank raised its policy rate from 1% to 1.25%, marking a 31-year high.

1 sources

3 weeks ago
After the country toppled into the Great Depression, a leading banker declared, “Our American community would have been better off today if it could have heeded that voice.” 0.950

👤 A.G. Sulzberger 📋 Opinion 🏷️ Finance , Media , History

Simplified: Following the start of the Great Depression, a leading banker said the American community would have been better off if it had listened to The New Yor...

1 sources

3 weeks ago
In the Roaring Twenties, our Wall Street reporting warned of recklessness in the markets, upsetting powerful financiers. 1.000

👤 A.G. Sulzberger 📋 Opinion 🏷️ Finance , Media , History

Simplified: In the 1920s, The New York Times' Wall Street reporting warned about recklessness in the financial markets.

1 sources

3 weeks ago
The couple have picked up the project’s no-expense-spared tab: more than $1 billion. 1.000

👤 Michael Kimmelman 📋 News Article 🏷️ Finance , Art , Museums

Simplified: George Lucas and Mellody Hobson paid over $1 billion for the Lucas Museum project.

1 sources

3 weeks ago
On Wednesday, Clearlake Capital announced it was purchasing Walter’s and Boehly’s stakes in English Premier League side Chelsea, which they purchased in 2022. 1.000

👤 The author 📋 News Article 🏷️ Business , Finance , Sports

Simplified: Clearlake Capital announced it is purchasing Mark Walter's and Todd Boehly's stakes in Chelsea, which they bought in 2022.

1 sources

3 weeks ago
Walter’s Guggenheim Partners purchased the Dodgers in 2012, and in June 2025, Walter purchased the Lakers at a then-record $10 billion valuation. 1.000

👤 The author 📋 News Article 🏷️ Business , Finance , Sports

Simplified: Mark Walter's Guggenheim Partners bought the Dodgers in 2012, and Walter bought the Lakers in June 2025 for $10 billion.

1 sources

3 weeks ago
The Athletic reported last month that two policyholders filed a class-action lawsuit in 2014, alleging Walter and fellow financier and Dodgers co-owner Todd Boehly used the companies “as a cash machin... 1.000

👤 The Athletic 📋 News Article 🏷️ Finance , Legal , History

Simplified: In 2014, a class-action lawsuit alleged Mark Walter and Todd Boehly used policyholder funds to buy the Dodgers.

1 sources

3 weeks ago
But just over a year later, in August, Walter agreed to sell the team to former Disney CEO Bob Iger and Thrive Capital founder Joshua Kushner for $12.5 billion. 1.000

👤 The author 📋 News Article 🏷️ Business , Finance , Sports

Simplified: In August 2026, Mark Walter agreed to sell the Los Angeles Lakers to Bob Iger and Joshua Kushner for $12.5 billion.

1 sources

3 weeks ago
That fund allegedly helped Walter buy the Dodgers in 2012 and a majority share of the Los Angeles Lakers in 2025, along with a raft of other investments. 1.000

👤 The lawsuit 📋 News Article 🏷️ Finance , Legal , Sports

Simplified: A lawsuit alleges a fund fueled by policyholder money helped Mark Walter buy the Dodgers in 2012 and the Lakers in 2025.

1 sources

3 weeks ago