Even an Oracle can have an off quarter. Warren Buffett’s Berkshire Hathaway reported a $1.58 billion loss in the first quarter of 2022, a significant reversal from the nearly $5 billion gain it saw at the same period of 2021. Berkshire, a legendary US company that owns a diverse array of brands including insurance provider … Read more
The creator of the political cartoon Elon Musk used to illustrate his current political views is looking to cash in after his sketch sparked a viral social media debate. Colin Wright, a contributing editor for the online culture commentary site Quillette, is selling the cartoon as an NFT and has opened bidding on the OpenSea … Read more
US stocks tumbled Friday to cap a week of volatile trading as investors reacted to downbeat earnings reports from blue-chip tech firms and worrisome economic data. The Dow Jones Industrial Average plummeted 939.18 points, or 2.77%. The tech-heavy Nasdaq index fell 536.89 points, or 4.17%, and the broad-based S&P 500 sank 155.62 points, or 3.6%. … Read more
This barista is feeling burned. A Starbucks worker is claiming she was denied time off and compensation — and forced to return to work — after reportedly suffering second-degree burns on the job. Julia, who didn’t reveal her last name, recalled the mishap in which she was reportedly hurt in a now-viral TikTok video posted … Read more
When Florida Gov. Ron DeSantis began his attacks against the Walt Disney Company last month — over its opposition to his so-called “Don’t Say Gay” legislation — the Disney family did what it has done for decades: Mostly stayed silent. “In general, the whole family is very conservative and they keep to themselves,” author and Disney … Read more
A Russian law firm on Friday said it had filed a lawsuit against tech giant Apple seeking $1.28 million in damages for consumers affected by Apple withdrawing its payment service from Russia. Apple did not immediately respond to a request for comment. Law firm Chernyshov, Lukoyanov & Partners said Apple had violated Russian consumers’ rights after the company restricted the … Read more
A group of investors led by Los Angeles Dodgers part-owner Todd Boehly is reportedly on the verge of paying $3 billion for Chelsea Football Club, the London-based Premier League team that is being sold by sanctioned Russian oligarch Roman Abramovich. Boehly, the investment banker who co-founded Greenwich, Connecticut-based holding company Eldridge Industries, is expected to … Read more
Elon Musk has sold off a whopping $8.5 billion in Tesla stock this week as he prepares to acquire Twitter for $44 billion – but he insists that the rest of his stake in the electric car maker will remain untouched for now. Securities filings revealed Friday that Musk sold 5.2 million Tesla shares via … Read more
Tesla is recalling about 48,000 Model 3 Performance vehicles in the US because they may not display the speedometer while in “Track Mode,” documents released Friday show. The recall covers vehicles from the 2018 through 2022 model years. Tesla will perform an over-the-air software update to address the issue. Tesla said a firmware update released in December unintentionally removed the speed unit from … Read more
An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy. Yet there were signs in Friday’s report from the Commerce Department that inflation might be slowing … Read more