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Economy

Buffett company reveals stake in Apple

Warren Buffett, who has long had an aversion to investing in tech companies, purchased 10 million shares of Apple earlier this year. The surprise investment comes five years after Buffett invested billions in IBM, his initial foray into that industry and departure from the type of companies Berkshire Hathaway has targeted for decades.

US employers added 160K jobs; jobless rate at 5 percent

U.S. employers pulled back on hiring in April, adding 160,000 jobs, the fewest in seven months, after a streak of robust monthly gains. The unemployment rate remained at a low 5 percent, roughly where it has been since fall. Last month’s hiring gain marked a drop from the average increase of 200,000 over the past three months.