FedEx, UPS Slide After Amazon Opens Freight Network To All Businesses

Berkshire Cash Hits A Record $397 Billion As Company Sells Most Stocks In 2 Years The head of Berkshire may be new, but nothing has changed in the business model. In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented ​businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding ‌investments...

Josh Kushner, Bob Iger Stun Sports World With Record-Shattering $12 Billion Lakers Takeover Deal The Los Angeles Lakers are being sold to billionaire venture capitalist Josh Kushner, founder of Thrive Capital, and former Disney CEO Bob Iger for a record-breaking $12 billion, according to a new ESPN report. The sports news website said: The businessmen were involved in the expansion process in Las Vegas, but in a stunning turn, they pivoted to make an aggressive offer to buy the Lakers from Mark Walter, who had purchased a controlling interest in the team...

We May Only Get One Chance To Stop AI Submitted by QTR's Fringe Finance It’s awful to say but at this point I’m kind of praying that AI industry valuations crash and the industry faces setbacks that give us months to reflect on its companies. Anthropic researcher Jacob Coxon is leaving the AI industry because he believes the race to build self-improving systems is moving faster than the industry’s ability to control them, it was reported yesterday. Coxon, who previously worked at OpenAI, said Anthropic’s safety efforts were sincere but that competition makes...