IE 11 is not supported. For an optimal experience visit our site on another browser.

Business Latest: Rich getting richer

The rich are getting richer at a fast clip, with Warren Buffett leading the pack, adding $37 million to his wealth every day this year, according to Wealth-X.
Berkshire Hathaway Chairman Warren Buffett
Berkshire Hathaway Chairman Warren Buffett at his company's annual meeting in Omaha, Nebraska April 30, 2011.

RICH GETTING RICHER: The rich are getting richer at a fast clip, with the Oracle of Omaha, Warren Buffett, leading the pack, adding $37 million to his wealth every day so far this year, according to Wealth-X. Read more

TAPER: The Federal Reserve began a $10 billion taper on Wednesday. Read more

GOOGLE-ZILLA: By adding a robot maker to its arsenal of self-driving cars, Google glass and whatnot, Google is becoming a conglomerate just like GE or Berkshire Hathaway – and that’s a good thing. Read more

RECESSION’S OVER, SO WHO FORGOT TO TELL DINERS?:  Despite aggressive promotions, stagnant growth in sit-down restaurants continues to zap overall restaurant industry growth. So far this year, restaurant visits have been flat while growth in average check size fueled a 2% rise in spending, according to data from The NPD Group, a market research firm. Read more

STOCKS SURGE AS FED GREEN LIGHTS TAPER; RECORD CLOSS FOR DOW, S&P 500 Read more