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Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.David A. Grogen | CNBCWarren Buffett is worried about a rise in impersonators looking to capitalize on his name by purporting to be him recommending an investment product or political candidate on social media. So much so that Berkshire Hathaway made the rare move of adding a statement on the matter to the front page of its website.The statement reads:"In light of the increased usage of social media, there have been numerous fraudulent claims regarding Mr. Buffett's endorsement of investment products as well as his endorsement and support of political candidates. Mr. Buffett does not currently and will not prospectively endorse investment products or endorse and supp...

Vintage Coca-Cola bottles are seen in a shop window in Manhattan, New York City, on July 15, 2024.Beata Zawrzel | Nurphoto | Getty ImagesCoca-Cola is about to report third-quarter earnings before the bell on Wednesday.Here is what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: 74 centsRevenue: $11.60 billionIn recent quarters, Coke has been besting rival PepsiCo, which has been hurt by the fallout from the Quaker foods recalls, a slowdown in snacking and lagging energy drink sales.Coke has reported strong demand in its international markets, helping offset weaker demand in the U.S. In its home market, consumers have been dining out less, denting the company's off-premise sales and prompting Coke to partner with chains to offer combo meals.Despite domestic challenge...

Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty ImagesCologne's higher regional court on Wednesday ruled against Deutsche Bank in a long-standing legal dispute with shareholders who alleged the lender underpaid in its acquisition of German retail bank Postbank.The institutions merged in 2018.Plaintiffs in the case claim that Postbank was worth more than the 25 euros ($27) per share paid by Deutsche Bank as part of its takeover offer of October 2010. The investors, 13 plaintiffs who are former shareholders of Deutsche Postbank (Postbank), held they were entitled to a significantly higher payment of 57.25 euro per share.In August, Deutsche Bank reached settlements with nearly 60% of plaintiffs in the case.Deutsche Bank said it will...

A smartphone with a Qualcomm logo is placed on a computer motherboard in this illustration taken on March 6, 2023.Dado Ruvic | ReutersQualcomm shares fell nearly 5% in premarket trade after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.Arm has given Qualcomm a 60-day notice of the cancellation of their so-called architectural license agreement, Bloomberg reported, citing a document.The license in question allows Qualcomm to design chips based on Arm architecture. Arm operates by effectively licensing blueprints that other companies use to design semiconductors.CNBC has reached out to Qualcomm regarding the report. Arm declined to comment. This is a breaking news story. Please check back for more. Source link

Republican presidential candidate Donald Trump dances for his supporters following a rally at East Carolina University on October 21, 2024 in Greenville, N.C. Ricky Carioti | The Washington Post | Getty ImagesDonald Trump's campaign has accused British Prime Minister Keir Starmer's Labour Party of "blatant foreign interference" in the U.S. presidential election after its volunteers travelled to the United States to help campaign for Kamala Harris.The campaign has filed a complaint with the Federal Election Commission in Washington, calling for an immediate investigation into what it called "apparent illegal foreign national contributions made by the Labour Party of the United Kingdom and accepted by Harris for President".The complaint cited media reports and a now deleted LinkedIn post fro...

Russian President Vladimir Putin and Chinese President Xi Jinping at their bilateral meeting prior to the opening of the BRICS summit, on Oct. 22, 2024, in Kazan, Russia.Contributor | Getty Images News | Getty ImagesChina and Russia's "profound" relationship will not change despite the turbulence in global geopolitics, Chinese President Xi Jinping told his counterpart Vladimir Putin at the opening of the BRICS summit in Kazan, Russia, on Tuesday.The two leaders met at the BRICS summit in Kazan on Tuesday afternoon local time, according to the official readouts from both governments."The world today is facing momentous transformations unseen in a century, resulting in a fast-changing and turbulent international landscape," Xi said, according to the English readout of the meeting. "Yet I am ...