Warren Buffett admits to a rare 'mistake'
CNN
The Oracle of Omaha said he made a mistake.
In his annual letter to shareholders of Berkshire Hathaway (BRKB), investing guru Warren Buffett disclosed that the company took an $11 billion writedown last year on its 2016 purchase of Precision Castparts, describing it as "a mistake." The 90-year-old billionaire, Berkshire's chairman since 1970, said in the company's annual letter to shareholders that the "ugly" writedown had a simple explanation.
OpenAI’s board of directors has formally rejected a $97.4 billion bid by Elon Musk and other investors to purchase the company.
The Trump White House said Friday that The Associated Press is banned from the Oval Office and Air Force One indefinitely.
Federal prosecutors have ended their criminal investigation into whether former World Wrestling Entertainment CEO and chairman Vince McMahon tried to cover up allegations of sexual misconduct with multiple former employees, his lawyer said Tuesday.
American shoppers pulled back on their spending last month for the first time since August as stubborn inflation continued to bite and harsh weather curbed economic activity.
Trump is getting rid of paper straws, environmentalists say that’s (partly) a good thing
DeepSeek turned the tech world on its head last month – and for good reason, according to AI experts, who say we’re likely only seeing the beginning of the Chinese tech startup’s influence on the AI field.
Most people who live alone know they’re paying a premium compared to their friends who split rent with partners or roommates. But in no city is this “singles tax” more expensive than in New York City.
Missouri sued Starbucks this week, alleging the chain’s push to hire and promote more people of color and women violated anti-discrimination laws and slowed down coffee orders.
Chinese internet search giant Baidu will make its advanced AI chatbot services free, as competition heats up among global developers following the surging popularity of startup DeepSeek’s models.
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean-energy groups said Thursday.
Google Play said it restored TikTok to the US app store on Thursday, following promises by President Donald Trump to save the app and an executive action delaying the enactment of a ban on the wildly popular social media platform.
To hear Trump tell it, Thursday’s new tariffs announcement was a significant and sweeping order that will bring the world to heel. But the plan, as it were, consisted of a vaguely worded memo that offered few concrete details and no real timeframe for the next round of tariffs.
Americans are having a harder time managing rising debt burdens and in some cases haven’t been this overextended since the aftermath of the Great Recession.