Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple
The disclosure sent Chubb's share price to a record high in after-hours trading, rising 6.3% to $268.96.
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The man who turned his dead father into a chatbot
The "grief tech" firms helping users create talking avatars of their dead relatives.
Grocery prices finally started falling for the first time in months
There’s a small glimmer of hope for U.S. consumers: grocery prices finally fell in April after being up during the two previous months. Read more...
A bridge in Texas partially collapsed after a barge ran into it
A barge in Galveston, Texas slammed into a bridge on the morning of May 15, spilling oil into the water and forcing officials to shut down the bridge’s eastern span. Additionally, it appears that a second section of the rail line that runs alongside the bridge has collapsed
Tesla's alleged lies about Full Self-Driving brought a dead lawsuit back to life
A federal judge in California said Wednesday that Tesla will have to face off in court against a customer who sought to bring a class-action lawsuit against the company for allegedly lying about the self-driving capabilities of its cars. Read more...
A mission to Mercury may be in jeopardy
For more than five years, a pair of spacecraft have been traveling through the solar system to reach the innermost planet Mercury and observe its extreme conditions. During its complex journey, the BepiColombo mission ran into a problem that’s preventing its thrusters from
Don't panic, says stock market boss as firms leave UK
Many big firms are delisting in the UK but the London Stock Exchange’s chief says there is no need to panic.
Jim Simons-founded hedge fund boosted stake in GameStop before 400% surge in meme-stock rally: filing
Renaissance Technologies, the quantitive hedge fund firm founded by the late investor Jim Simons, bought just over 1 million shares of GameStop, according to a securities filing.
Netflix with ads grew to 40 million active users
The number of active monthly users of Netflix’s ad-supported plan skyrocketed 700% to 40 million this year , compared with 5 million in 2023, the streaming giant announced today as part of its upfront presentation to advertisers. Read more...
Netflix to stream NFL games on Christmas in 3-year deal, placing big bet on live sports
The deal marks the first time Netflix has licensed the rights to one of the world's biggest sports leagues and also the first time it would show live football.
Disney CEO Bob Iger to cut spending ‘pretty dramatically’ on traditional TV programming
Iger said linear channels such as ABC still serve as an important marketing tool and reach older viewers who are not watching series such as "Abbott Elementary" on Disney's streaming platforms.
The meme stock rally caught hedge funds by surprise last time. Not this time
Hedge funds were caught off guard in early 2021, when retail investors suddenly put the squeeze on GameStop stock that they had been shorting . But when the meme stock frenzy came back with a fury this week — and then fizzled fast — things were different. Read more...
ABC execs alarmed over ‘GMA3’ host DeMarco Morgan’s skin-tight biker shorts: ‘Little to the imagination’
The images of Morgan show the affable anchor's "package" is on full display -- and make for an uncomfortable fit with ABC's corporate parent Disney, sources said.
Can Home Depot’s “amazing era” return?
Americans are yet to recover their enthusiasm for renovations
MIT-educated brothers allegedly stole $25M in crypto in just 12 seconds
Federal prosecutors called the scheme "novel" and said the case marked the first time that such a fraud had ever been the subject of US criminal charges.
Donald Trump's Boeing plane hit another plane
The latest Boeing plane running into turbulence? It belongs to Donald Trump. The former U.S. president’s private Boeing 757 ran into another plane on the runway at West Palm Beach International Airport on Sunday, according to WFLA , the NBC affiliate in Tampa, Florida. Nobody
Wall Street banker dead at 35 wanted new job over grueling 100-hour work weeks: report
Leo Lukenas reportedly contacted an executive recruiter about a new job before he died on May 2 of what the medical examiners called an acute coronary artery thrombus.
2 crypto thieves have been charged in a $25 million Ethereum heist
The U.S. Department of Justice has arrested two brothers for attacking the Ethereum blockchain and stealing $25 million worth of cryptocurrency within 12 seconds, it said in an unsealed indictment on Wednesday. Read more...
Elon Musk’s Neuralink has known about problems with its brain chip implant for years, report says
Elon Musk’s brain chip startup has known about a design flaw in its brain implant’s electrode-containing threads for years, according to a new report. Read more...
Bitcoin and the 'memecoins' didn't get invited to the meme stock party. Here's why
This week, meme stocks came back into the limelight after Roaring Kitty , the investor behind the GameStop saga in 2021 , made a comeback on social media and sparked a renewed frenzy , lifting other meme stocks. Read more...
FDIC Chair Martin Gruenberg apologizes for toxic workplace culture amid calls to resign
Chairman Patrick McHenry argued Gruenberg would not tolerate similar behavior from bank executives at firms his agency oversees.
An artist put up a livestream 'portal' connecting New York and Dublin and of course people ruined it
A 24/7 livestream “Portal” that connects New York City and the Irish capital of Dublin was temporarily deactivated on Tuesday as technicians sought to solve a critical flaw in the project’s fun premise: How to stop so many people from sharing inappropriate material—like dick
The McDonald's $5 Meal Deal is happening
McDonald’s is moving forward with its plan to launch a $5 meal deal in a bid to win over carefully spending consumers . Read more...
McDonald’s confirms $5 value meals to lure back low-income customers after price hikes
A McDonald's spokesperson told The Wall Street Journal that the $5 offering is part of a strategy to offer nationally advertised value deals.
Solar energy is being trapped in crystals to reach absurdly hot temperatures
Engineers are cooking up a new clean energy solution: charging up crystals with solar energy to temperatures of 1,832 degrees Fahrenheit (1,000 degrees Celsius), potentially making them a greener substitute for the carbon-intensive processes that smelt steel and cook cement.
Elon Musk’s Neuralink suffered brain-chip issues for years before problem with human implant: report
The company knew from animal testing it had conducted ahead of its US approval last year that the wires might retract, and Neuralink deemed the risk low enough for a redesign not to be merited, sources said.
Uber launches bus shuttle service, expands Costco tie-up to woo price-conscious users
The initiatives were unveiled at Uber's GO-GET annual event for new products and are meant to maintain growth at the ride-share and delivery giant after a strong 2023.
‘Multimodal' AI is taking over the tech industry. Here's why
OpenAI and Google showcased their latest and greatest AI technology this week. For the last two years, tech companies have raced to make AI models smarter, but now a new focus has emerged: make them multimodal. OpenAI and Google are zeroing in on AI that can seamlessly switch
American renters are scared renting will cost them for a long time
The tight housing market has Americans sticking with rentals until they can get their hands on cheaper homes and lower mortgage rates. But many are worried that continuing to funnel their paychecks into rental properties could hurt their financial futures. Read more...
Red Lobster hired auction company ‘very recently’ before shutting 50 restaurants, may file for bankruptcy next week: sources
“We’ve never seen as many locations be closed and auctioned off at the same time and we’ve been doing this for 37 years.”
