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In 2015, Berkshire made its biggest deal yet when it shelled out $37 billion for Precision Castparts. Between 2016 and 2018, Berkshire spent around $36 billion to build a roughly 5% stake in Apple, which more than quadrupled in value to above $170 billion by 2023, making it easily Berkshire’s number-one holding and one of the most lucrative bets in its history. Berkshire has pared the position by about 75% over the past three years.The COVID-19 pandemic prompted Buffett to cash out his stakes in the “Big Four” US airlines. But he’s made several big bets since, such as buying…

A customer shops for makeup at a Walmart store in Secaucus, New Jersey, March 5, 2024.Gabby Jones | Bloomberg | Getty ImagesAs consumers become more educated about the products they’re buying and look to make more holistic purchases, a new retail category is emerging.What were once three separate sections — beauty, health and wellness — have converged into one large category as consumers look for products that serve multiple purposes. That change in consumer behavior is creating more competition for companies racing to win over the corresponding share of customers’ wallets, industry experts said.According to a new study from consulting…

Legendary investor Warren Buffett is stepping down as chairman of Berkshire Hathaway after more than five decades, marking the end of an era for one of Wall Street’s most storied companies.In a statement, Berkshire Hathaway said Buffett had been named chairman emeritus, effective immediately, and will remain a member of the board of directors.He will be replaced as chairman by his son, Howard Buffett, the release said.The elder Buffett gained control of Berkshire in 1965, when it was a New England textile manufacturer, and transformed it into a conglomerate that eventually became one of the world’s largest public companies.Buffett, who…

When someone asks Lindsey Coleman to get coffee with their kid, a simple ask will tell her a lot about the young person’s level of interest in her job: read three articles or studies that we can talk about.”People want to take the free coffee. They want some advice. There are only some people who actually want to do the work to understand someone’s role, background, and business,” said Coleman, the head of fixed income client coverage for the Americas at Morgan Stanley.Coleman, who was one of Business Insider’s inaugural Rising Stars of Wall Street in 2017, has risen over…

Before Britt Baker and Laurie-Anne King even launched their financial-education business, they had $40,000 in sales.”That whole idea of sell it before you build it really worked for us,” Baker told Business Insider.After finishing Harvard Business School and moving back to the Bay Area, Baker joined a women’s circle. At the meetings, she kept hearing the same question: “What should I do with my money?”It prompted her and King, who had met years earlier while working at the same consulting firm, to host informal money meetups in people’s living rooms — “kind of like book clubs for money,” Baker said.The…

Cybersecurity may be AI’s next big jobs boom.Box CEO Aaron Levie recently posted on X that AI for cybersecurity “is about to go vertical” as models become increasingly capable of finding and exploiting vulnerabilities.That, he told Business Insider, could make cybersecurity “one of the hottest, if not the hottest, job categories.”As threats multiply, companies need systems that can prioritize alerts, investigate risk, recommend fixes, and automate remediation. Humans, Levie said, will remain responsible for oversight and the highest-stakes decisions.The CEO said he expects “massive” investments in the space, both in the technology itself and in the “expert operators” needed to…

A voter casts her ballot in Colorado’s primary election at the Central Library on June 30 in Denver. Michael Ciaglo/Getty Images hide caption toggle caption Michael Ciaglo/Getty Images Paul López, Denver’s clerk and recorder overseeing elections, has noticed voters have a new concern this year. “Every single meeting I have, there’s somebody that asks the question, ‘What can we do if federal agents are at the polls?'” López said. Federal interference at the polls is against the law. But it is increasingly a scenario López and other voting officials and civil rights groups are planning for and trying to prevent,…

Taboola is expanding its empire.The adtech company exclusively told CMO Insider it has made an offer to acquire Dianomi, a fellow adtech firm specializing in the finance space.Similar to Taboola, Dianomi offers an ad network that places sponsored-content widgets across publisher websites.The acquisition, announced Friday, would help Taboola gain relationships with major publishers such as CNN Business, The Wall Street Journal, and Reuters — partners it doesn’t currently work with. Advertisers that work with Dianomi include big names like Bank of America, Charles Schwab, and Invesco.Taboola has agreed to acquire Dianomi for £19 million, or approximately $25.4 million, in cash,…

Oprah Winfrey, 72, said she made a career decision she knew was wrong, simply because she didn’t want to disappoint others.Speaking on Thursday’s episode of “The Mel Robbins Podcast,” Winfrey reflected on the difficult early years of OWN: Oprah Winfrey Network.Winfrey launched OWN in January 2011, months before “The Oprah Winfrey Show” ended its 25-year run in May that year. The network struggled with low ratings and later made highly publicized layoffs, including 30 staff cuts in March 2012.”2012 was one of the worst years of my life,” Winfrey said. “Every single story headline about me was ‘Oprah and the…

This as-told-to essay is based on a conversation with Kang “Kay” Soo-il, a 39-year-old South Korean national who quit his job and traveled, before returning home to run a farm. It has been edited for length and clarity.Eight years ago, at 31, I was living in a Korean city south of Seoul, and working as a software developer and designer for Samsung Electronics. Burned out, I texted my friends, “I’m quitting my job to travel the world!”Lily, then my childhood friend, who’s now my wife, replied: “I’m also quitting my job.” At the time, she was working as a flight…