4 years ago4 views
Warren Buffett, the world’s fourth-richest person, is interested in investing in the Chicago Cubs, according to a source who traded candor for anonymity. The Ricketts family, which owns the baseball team, is reportedly pondering the sale of a small piece the team to raise money for the renovation of Wrigley Field and development some nearby real estate. Forbes recently valued the Cubs at $1.2 billion, fourth-hisghest in MLB.
U.S. employers added jobs in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth. The Labor Department said the economy gained 192,000 jobs in March, slightly below February's revised total of 197,000. Employers added a combined 37,000 more jobs in January and February than previously estimated. The unemployment rate was unchanged at 6.7 percent. But a half-million Americans started looking for work last month, and most of them found jobs.
Shares of restaurant take-out website GrubHub rose sharply in the company's public trading debut, a sign of continued investor appetite for new, fast-growing Internet stocks. The stock opened at $40, up 54% from its Thursday IPO pricing of $26. In early trading, shares ranged from $36 to nearly $41. GrubHub is used for ordering restaurant takeout by smartphone and computer, and the company gains a commission from food orders
A majority of participants in Kitco News’ weekly gold survey look for the price of the metal to rise next next week. Out of 33 participants, 18 responded this week. Eleven see prices up, while five see prices down and two see prices sideways or unchanged. Last week, a majority of the survey participants said they looked for prices to decline this week. gold for June delivery was up $11 for the week to $1,305.30.