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.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Police departments across the country are adopting an AI tool called Draft One, which helps officers write the first draft of police reports. But there are concerns that AI-drafted reports could contain biases or inaccuracies.
Trump’s major gamble on China continues to pay off, with Chinese negotiators willing to make some concessions. Trump has maintained very high tariffs on America’s second-biggest trading partner without tipping the economy into recession. But Xi holds trump cards – including a long-sought meeting and rare earths – that exercise plenty of leverage over Trump, too.
Elon Musk said his artificial intelligence start up xAI will sue Apple for allegedly favoring AI competitors in its App Store in what he called a breach of antitrust regulations.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.
Nvidia, the world’s most valuable company
Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.”
Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom.
AOL, an internet pioneer that brought millions of Americans online for the first time, is discontinuing its dial-up service next month.
South and Southeast Asian countries are caught in the crossfire of Trump’s trade war and are now facing some of the highest tariffs in the world
President Donald Trump recently made his boldest claim yet in his longstanding promise to lower drug prices.
American moviegoers are sending a loud and clear message to Hollywood: make critically acclaimed, original horror movies and we will come.
Many of Hollywood’s summer hits have shared one common formula, no matter what the genre: They are either remakes, sequels or part of a franchise.