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Warren Buffett Steps Down as Berkshire Hathaway Chairman
“Father Time always wins,” the 96-year-old, who turned Berkshire Hathaway into an investing powerhouse, said in a letter to shareholders. He will remain on the board as chairman emeritus.
The Working Class Face a ‘Class Ceiling’ in Elite Occupations
Being female or a person of color has long been seen as a disadvantage in hiring and promotion. A new study of college professors shows that class may loom as large.
Google's Gemini AI hacked three companies in security test
The AI model accessed the internet and guessed credentials to three websites, a Google official told the BBC.
China supports agricultural development in the Global South
China is a shining example in ending hunger, said Ambassador Nosipho Nausca-Jean Jezile, permanent representative of the Republic of South Africa to the FAO, speaking to CGTN at a South-South cooperation program hosted by China to help countries of the Global South enhance agrifood systems and achieve food sovereignty.
10 Ways to Explain Why Interest Rates Are So High
If you can’t pin down why something’s happening, you don’t have much hope of fixing it.
Paramount Weighs Some Concessions in Bid to Finalize Warner Bros. Merger
Seeking to settle a lawsuit with 12 states, Paramount has discussed measures to protect the editorial independence of CNN and the divestiture of Comedy Central.
Trump Says He Has Banned CNN, MS NOW and Politico From White House
The president cited reporting from the outlets that he deemed “fake news.” It was unclear how such a ban would be enforced or defended in court.
Warren Buffett to step down from Berkshire Hathaway
Billionaire investor Warren Buffett will step down as chairman of Berkshire Hathaway, the conglomerate announced on Friday. The news brings to an end the revered investor's more than half-a-century of running the group, which he turned into a financial behemoth. Buffett's resignation is "effective immediately" and he will remain a member of the board of directors, Berkshire Hathaway said in a statement. Buffett's son Howard Buffett will take over as chairman, the statement added. The 96-year-old had announced plans last year to retire from leading the business group. Berkshire Hathaway, a former small textile company, has grown over the years into a gigantic conglomerate under Buffett's leadership, and is now worth over US$1 trillion on Wall Street -- a first for an American group outside the tech sector. Today, his conglomerate owns dozens of businesses, from Duracell batteries to US insurer Geico, and shares in carefully selected companies, from Coca-Cola to Bank of America. (AFP) Edited by Robert Kemp
Native American Tribe Teams Up With Kalshi on New Prediction Market
The Tunica-Biloxi of Louisiana plan to release a platform that uses infrastructure by Kalshi, the industry leader. Other tribes have taken aim at the company.
Trump Promotes Program to Reduce Medicaid Drug Prices
Ahead of the midterm elections, the president said that all states had opted in to an effort to align Medicaid’s prices for medicines with those in other wealthy countries.