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Greg Abel’s tenure as Berkshire Hathaway’s CEO is off to a robust start. Loading audio narration… Abel, who succeeded Warren Buffett at the start of this year, oversaw a 17% jump in operating earnings to $11.3 billion in the three months to March 31, Berkshire’s first quarter earnings report revealed on Saturday.Berkshire posted strong growth in insurance-underwriting profits, and higher earnings across its BNSF Railway, Berkshire Hathaway Energy, and manufacturing, service, and retailing units. However, its earnings were flattered by a foreign-exchange gain.Abel and his team offloaded a net $8 billion of stocks last quarter, purchasing $15.9 billion of shares…

When Branneisha Cooper first began taking GLP-1 injection Mounjaro in late 2022, she heard online that she could experience temporary hair thinning and prepared for the worst.But it would take about a year before she began noticing her hair falling out in clumps. Cooper said it was especially shocking because she has always had thick hair.”I was really hoping it wouldn’t happen,” Cooper, 29, told CNBC. “What my provider had told me is that since you’re on the medication that’s allowed you to lose weight at a faster rate, that’s what can cause hair loss.”Desperate to counteract the side effect,…

A surge in private jet travel along key routes last year points to a new map of global wealth.Eleven routes saw at least a 65% increase in private jet traffic last year, according to real estate consultancy Knight Frank’s annual wealth report that included data from private aviation company VistaJet.While established routes, like those between New York and London or New York and Miami, continue to dominate overall traffic, these growing routes offer a glimpse into the behavior of the ultra-high-net-worth set and where capital is moving.Some destinations, like Nantucket, New England, have long been popular among the wealthy, and…

A big change is afoot at Walmart, and some shoppers are starting to notice.It all comes down to one of the smallest (but most important) features of any store: price tags.The retail giant’s adoption of so-called digital shelf labels in place of traditional paper ones is causing a bit of confusion and concern about whether shoppers will get a fair deal.Several lawmakers have filed bills to prevent the tech from being used for surveillance pricing or surge charging. A proposal in New York State would prohibit electronic shelf labels in stores altogether.Walmart said in March that about half of its…

The interminable Trader Joe’s line. Chess tables in Bryant Park. An Equinox StairMaster. Loading audio narration… These are just some of the locations social media users are linking to Jane Street in an increasingly absurd string of jokes about the trading firm’s notoriously difficult interview process for quantitative researchers and traders. It all started after Deedy Das, a partner at the venture capital firm Menlo Ventures, posted about Jane Street’s reported record trading haul and what he said was his own sixth-round interview in 2014.”What is the next day after today in DD/MM/YYYY where all the digits are unique?” he…

Even as millennials and Gen Z buyers get a taste of homeownership, older generations still make up a large share of property owners.Data from the latest American Community Survey from the US Census shows that people 65 and older own 34.1% of all owner-occupied housing units in the US. The Census also found that the same group — an estimated 61.2 million people — has a homeownership rate of 78.6%.An analysis of Census data by the National Association of Home Builders mapped out where homeowners 65 years and older own the largest share.”Given the outsized share of homes occupied by…

Before I first set foot inside a tiny home, I assumed people only lived in them out of necessity. I had imagined they were a last resort for people priced out of traditional housing.I began to question my assumption, however, during the three days in February I spent visiting Dutch tiny-home villages.The villages are three of five sites across the southern Netherlands run by the Minitopia Foundation, which works with local municipalities to transform derelict land into tiny-home communities. I visited Eindhoven, the largest of Minitopia’s sites with space for 100 homes; the original site in ‘s-Hertogenbosch; and a smaller…

Spirit Airlines check-in Kiosks sit idle at Oakland International Airport on August 13, 2025 in Oakland, California. Justin Sullivan | Getty ImagesSpirit Airlines could shut down as early as 3 a.m. ET Saturday, according to people familiar with the matter. The carrier has failed to secure a financial lifeline to continue operating, though it hasn’t commented on the potential shutdown or its plans.About 290 Spirit flights are scheduled for Saturday, according to aviation site Flightradar24. Another 381 are scheduled for Sunday.Travelers with Spirit tickets could be understandably rattled. While there have been some U.S. airlines to shut down in recent…

Mifepristone tablets sit on a table at a Planned Parenthood clinic in Ames, Iowa, on July 18, 2024. Charlie Neibergall/AP hide caption toggle caption Charlie Neibergall/AP A federal appeals court has restricted access to one of the most common means of abortion in the U.S. by blocking the mailing of mifepristone. A panel of the New Orleans-based 5th U.S. Circuit Court of Appeals is requiring that the abortion pill be distributed only in-person at clinics. Since the Supreme Court’s 2022 ruling that overturned Roe v. Wade and allowed enforcement of abortion bans, prescriptions by mail has become a major way…

White House senior counselor for trade and manufacturing Peter Navarro discusses the major boost in tax refunds from President Donald Trump’s ‘big, beautiful bill’ on ‘Kudlow.’ The IRS’ taxpayer advocate issued a notice that tens of millions of American taxpayers may be entitled to refunds or reduced penalties and interest due to the postponement of filing deadlines during the COVID-19 emergency declaration. The National Taxpayer Advocate said in a post on Thursday that refunds or abatements may be available to tens of millions of taxpayers for penalties and interest that were assessed by the IRS during the 3.5-year COVID disaster…