Buffett scorns tricky Wall Street accounting, but defends buybacks

NEW YORK (Reuters) – Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks.

TCL carries flickering BlackBerry flame with new phone launch

BARCELONA, Spain (Reuters) – Blackberry Ltd may have exited the device business, but fans of the pioneering email machine need not despair as Chinese smartphone maker TCL Communication has introduced its first Blackberry-licensed phone with the physical keyboard that was long its key allure.

Investments boost profit at Buffett’s Berkshire

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 15 percent from a year earlier, as gains from investments and derivatives offset lower profit from the BNSF railroad and other operating units.

Warren Buffett urges investors to stick with index funds

NEW YORK (Reuters) – Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment management industry on Saturday, saying investors should “stick with low-cost index funds.”

Gundlach expects U.S. 10-year T-note yield to drop below 2.25 percent

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Friday he expects the yield on the benchmark 10-year U.S. Treasury note to drop below 2.25 percent as global investors seek safety.

Record-setting stock rally faces test in Trump speech

NEW YORK (Reuters) – U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague.

Alphabet’s self-driving car unit sues Uber with trade theft charge

SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving car unit sued Uber Technologies [UBER.UL] and its autonomous trucking subsidiary Otto on Thursday over allegations of theft of its confidential and proprietary sensor technology.

Citi says U.S. regulators are investigating its hiring practices

(Reuters) – Citigroup Inc on Friday said that U.S. government and regulatory agencies are investigating the bank’s hiring practices.