Apple Is Buffett's Best Investment. It's Also Now One of His Riskiest.

The legendary investor and his longtime partner, Charlie Munger, changed their stripes for a tech stock. Now, the size of the stake is worrying some Berkshire shareholders. 


 
Battery Energy Needs to Be Stored. China Is at the Forefront.

Environment ministers from the G-7 Western economies have targeted a sixfold increase in storage for renewable energy by 2030. Most of that will come from battery energy storage systems. 


 
Renewable Energy Stocks Are Finally Riding the AI Wave

Brookfield Asset Management announced a deal this with Microsoft to build renewable energy projects. 


 
Private-Equity Woes Spell Opportunity for Credit-Focused Ares

Leaders of Ares Management say the capital needs of buyout-fund sponsors drive demand for financing. 


 
Norges Bank Holds Rates Steady

Norway's central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated. 


 
U.K. Store Footfall Fell Sharply in April

U.K. retail footfall declined sharply in April on unseasonably wet weather and the earlier Easter timing, pointing to continued struggles for the sector. 


 
Former Pioneer CEO Is Accused of Trying to Collude With OPEC

The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe. 


 
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed

"Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account," Macklem said. 


 
Elliott and Warren Buffett Are Now Both Bullish on Japan

Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week. 


 
Canada Swings to Goods-Trade Deficit as Exports Drop

Canada unexpectedly posted a goods-trade deficit in March after a slump in exports erased gains made the month before, led by a retreat in gold shipments and declines in the automotive industry.


(END) Dow Jones Newswires

05-03-24 0515ET