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Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ’em’ newsthirst.

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers. “Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war,…

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Reported global Microsoft outage leaves tens of thousands unable to access email and other apps newsthirst.

A Microsoft store in New York, US, on Friday, Oct. 25, 2024.  Jeenah Moon | Bloomberg | Getty Images Tens of thousands of users were unable to access various Microsoft programs on Saturday afternoon. “We’re investigating an issue in which users may be unable to access Outlook features and services,” Microsoft 365 Status, the official…

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Fed’s favorite core inflation measure hits 2.6% in January, as expected newsthirst.

Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for…

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