Billionaire investor Warren Buffett’s Berkshire Hathaway beat estimates on earnings per share in the third quarter. After reporting after the bell, shares pulled back just a bit in after hours after hitting an all-time high earlier in the day.
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On Wall Street it was a third-straight week of gains for the Dow Jones Industrial Average and the S&P 500 - both indices closed at record highs for the third consecutive day. Not to be outdone, the Dow transports hit another all-time high and posted its fifth straight record close. A good day for the broader markets, but the tech-heavy Nasdaq ended the day slightly in the red. Meanwhile, investors shaking off the October jobs report which came in below economists' expectations
We spun it forward by asking U.S. labor secretary Thomas Perez what he expects for holiday hiring , as well as the rising labor tension at the west coast ports and what the administration can do to help. Perez, meanwhile, is said to be on the shortlist for the next attorney general.
G. T. Advanced technologies, a now-bankrupt apple sapphire supplier, is accusing Apple of a "classic bait-and-switch" strategy - claiming the tech giant suddenly dropped the company and left it with massive debts. Check out my interview with attorney Philip Segal to find out whether he thinks the company has a real case here!
Here is what's on tap next week: October retail sales and November consumer sentiment are both out on Friday.