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☆ The end of 'Bridgerton' season three, part one features a book fan-favorite carriage scene between Penelope and Colin. Here's how the TV show compares.
▼ + stars: | 2024-05-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

In the new season of "Bridgerton," one of Netflix's most popular franchises, Penelope Featherington (Nicola Coughlan) is moving on from her hopeless crush on her close friend Colin Bridgerton (Luke Newton). Even ahead of the season, "Bridgerton" fandom was freaking out when a teaser clip hinted at a mirror sex scene from the book. Though Lady Whistledown has retired, London's society, the Ton, is trying to reveal her identity to win Lady Danbury's bounty of £1,000. AdvertisementThis change may mean there's a rocky road ahead for PolinNicola Coughlan stars as Penelope Featherington in season three of "Bridgerton." "Bridgerton" season three, part two, premieres on June 13.

Persons: —, Penelope Featherington, Nicola Coughlan, Colin Bridgerton, Luke Newton, Colin, Penelope, Bridgerton, Lady Whistledown Colin, Liam Daniel, Whistledown, Lady Whistledown, Lady Danbury's, Cressida Twombley, Twombley's, Lady Featherington, Polin Nicola Coughlan, Laurence Cendrowicz, Madame Delacroix, Kathryn Drysdale, Eloise Bridgerton, Claudia Jessie, Eloise, Cressida Cowper, Jessica Madsen Organizations: Service, Business, Netflix Locations: Colin's, London

☆ After 3 years in Thailand, I moved back to New York. It didn't feel like home anymore, so I took off again.
▼ + stars: | 2024-05-16 | by ( Elizabeth Lavis | ) www.businessinsider.com time to read: +6 min

Read previewAs I tucked into a bowl of wisp-thin Thai rice noodles studded with bok choy and sprinkled with fried garlic, all I could do was wax poetic about Buffalo wings. My favorite basket always came from a local dive bar in Western New York, 15 miles from Niagara Falls. I missed reliable transportation, manageable bugs, the change of seasons, my friends and family, and the Great Lakes comfort food I'd been pining for. I even realized that my definition of comfort food had changed. AdvertisementWhen I left for Thailand almost a decade ago, I imagined that I'd be going back to my "real life" after six months.

Persons: —, bok choy, Chang, Garth Brooks, Reuben, Koh Samui, I'd, who's, Uber, Costa Rica Elizabeth Lavis, gallo pinto Organizations: Service, Business Locations: Western New York, Niagara Falls, Thailand, Buffalo, Gulf, Thai, Laos, Costa Rica, Coast, Linzano, Bangkok

☆ A Google executive shares the 5 things to avoid doing for a successful career
▼ + stars: | 2024-05-16 | by ( Daniel Rizea | ) www.businessinsider.com time to read: +9 min

His reply was surprising, if not simple: Think of the things you will do that will make you fail and just avoid doing them. Thinking back to Charlie's advice, I came up with five things you should avoid doing in order to have a successful and meaningful career. Avoid pushing for a promotion when you're not ready yetGetting a promotion when you're not quite ready may negatively impact yourself and your career trajectory. A good way to see if you're ready is to think about how you would feel if you were promoted tomorrow. AdvertisementThe main problem is that most of us avoid doing those 20 hours for years, pushing the things we want in life even further away.

Persons: —, Charlie Munger, Warren Buffett's, we've, Josh Kaufman, I've, they've, you'll, Daniel Rizea Organizations: Service, Business, Google

If the 2024 presidential election were a road trip, we would now be at the part where you start to wonder: Are we there yet? The matchup is set, but there’s still such a long way to go until November. And one of the things we’ve noticed about the questions that you’ve been sending in is that you’re starting to mix it up. You want to know what Donald Trump’s possible vice-presidential picks are, how down-ballot races are shaping up, and what difference celebrity endorsements could make.

Persons: you’ve, Donald Trump’s

☆ ‘Bridgerton’ review: The Netflix show whistles down a new road to romance with Penelope and Colin
▼ + stars: | 2024-05-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

Fortunately, the third round (after a “Queen Charlotte” detour) has the highly sympathetic Penelope Featherington (Nicola Coughlan) at its core, adding some additional sweetness to the formula. For the uninitiated, poor Penelope has spent two seasons secretly moonlighting as the acid-tongued gossip Lady Whistledown (still voiced by Julie Andrews, because, well, Julie Andrews! (There’s a praying mantis quality to Bridgertons, since while mating doesn’t lead to death, they do tend to lose their heads and then mostly disappear.) Give some credit to the casting and, more pragmatically, the strength of Netflix as a platform relative to the more rarefied homes for such fare. “Bridgerton” begins its third season May 16 on Netflix, with the second half to premiere on June 13.

Persons: you’ve, Charlotte ”, Penelope Featherington, Nicola Coughlan, Penelope, moonlighting, Whistledown, Julie Andrews, Colin, Luke Newton, Jane Austen, Francesca, Hannah Dodd, Violet, Ruth Gemmell, “ Bridgerton, Shonda Rhimes, Bridgerton ” Organizations: CNN, Netflix

☆ Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down
▼ + stars: | 2024-05-16 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Read previewInflation and interest rates are still high, but Americans shouldn't count on any relief just yet. Advertisement"The status of the battle against inflation requires that interest rates remain elevated in the near-term," Hamrick said. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during the panel. But while job seekers and workers may find this cooldown concerning, that moderation is also welcome and the labor market is still strong. "Paired with high borrowing costs — like high interest rates on your credit cards — and the current economy can feel quite uncomfortable," Renter added.

Persons: —, That's, Mark Hamrick, Hamrick, Jerome Powell, Powell, Joanne Hsu, Nick Bunker, Ted Rossman, Rossman, Elizabeth Renter, Renter, it's Organizations: Service, Federal Reserve, Bureau of Labor Statistics, CPI, Business, Federal, University of Michigan, North America Locations: Amsterdam, United States, —

☆ As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Pedro Pardo | Afp | Getty ImagesRussia's close relationship with superpower China is under close scrutiny as Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping on Thursday. "Neither Putin nor Xi can achieve what they want to achieve, both domestically and internationally, without the support of the other. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping during a welcome ceremony at the third Belt and Road Forum in Beijing on Oct. 17, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia-China talks in Moscow, Russia, on March 21, 2023.

Persons: Xi Jinping, Vladimir Putin, Pedro Pardo, Putin, Sam Greene, they've, " Greene, Xi, It's, Pavel Byrkin, it's, —, Natasha Kuhrt, Russia's, Kuhrt, Sergei Savostyanov, Greene, Liu Pengyu, Mikhail Tereshchenko Organizations: Forum, International Cooperation, of, People, Afp, Getty, Xinhua, Democratic, Center for, CNBC, Analysts, Kremlin, Putin, King's College London, Russia, U.S, Reuters, Sputnik Locations: Beijing, China, Ukraine, Russia, Moscow, Central Asia, Russian, U.S, Washington

☆ Critics are calling 'Furiosa' one of the 'greatest prequels ever made' — but not better than 'Fury Road'
▼ + stars: | 2024-05-16 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

Following the success of 2015's "Max Mad: Fury Road," which took in over $380 million at the worldwide box office, "Furiosa" tells the origin story of one of the main characters from "Fury Road," Charlize Theron's Imperator Furiosa. Mel Gibson, the original Mad Max, rarely spoke; same for Tom Hardy, who played Max in "Fury Road." AdvertisementBut it's not as good as "Fury Road"Tom Hardy and Charlize Theron on "Mad Max: Fury Road." Warner Bros. PicturesFor all the praise "Furiosa" is receiving, many critics believe it doesn't surpass Miller's thrilling opus, "Mad Max: Fury Road." "'Furiosa' is a big step down from 'Mad Max: Fury Road,'" opined The Hollywood Reporter critic David Rooney.

Persons: —, Max, George Miller's, Furiosa, Anya Taylor, Joy, Taylor, Chris Hemsworth's, Critics, Jasin Boland, Owen Gleiberman, Miller, Hannah Strong, Joy doesn't, that's, shouldn't, Mel Gibson, Tom Hardy, John Nugent of, emoting, Charlize Theron, IndieWire's David Ehrlich, Chris Hemsworth, Dementus, He's, there's, Liz Shannon Miller, it's, who's, David Rooney, wouldn't Organizations: Service, Business, Cannes Film, Warner Bros, Hemsworth, Fury, Hollywood, The New York Times Locations: Dementus

☆ The Dow just hit 40,000. Here's a look at how it got here
▼ + stars: | 2024-05-16 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

The Dow first closed above 20,000 in early 2017, as investors began pricing in lower corporate taxes in the U.S. under former President Donald Trump. However, the Dow struggled in 2018 after the excitement around lower taxes faded, with trade tensions between China and the U.S. rising and the Federal Reserve raising interest rates. In 2019, the stock market recovered as the Fed pivoted away from raising rates. By early 2020, the Dow was nearing 30,000 — reaching a high of 29,551.42 on Feb. 12, 2020. The Dow tumbled 38% from its February 2020 intraday peak to a low of 18,213.65 in March 2020.

Persons: It's, Donald Trump, Dow, — CNBC's Gabriel Cortés Organizations: Dow, Federal Reserve, Fed Locations: U.S, China

The no-confidence resolution was introduced by the campus chapter of the American Association of University Professors, a professional faculty organization. The group that brought the no-confidence resolution against Dr. Shafik does not “represent many faculty and students at Columbia University,” the letter stated. On Wednesday, Dr. Shafik wrote a conciliatory note to students and published it in the school newspaper in lieu of a graduation speech. Of the 899 faculty members eligible to vote, 709 completed a ballot. There are about 4,700 full-time faculty members at Columbia, of which the Faculty of Arts and Science represents about 20 percent.

Persons: Nemat, Shafik, “, ” Ben Chang, David Ahmed Ali, ”, Robert Newton, ” Dr, Newton, Liset Cruz Organizations: of Arts and Sciences, Columbia University, American Association of University, University Senate, Hamilton Hall, Columbia College, ”, Israel, Mailman, of Public Health, New School, City University of New, CUNY, New York University, Columbia, Ivy League, of Arts and Science Locations: Israel, Hamilton, Columbia, Gaza, City University of New York

☆ Dow crosses 40,000 for the first time
▼ + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.

Persons: Dow, stoking, ”, Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, ”, Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP

☆ This is the sweet spot in bonds right now, according to Wells Fargo — and it can yield up to 5%
▼ + stars: | 2024-05-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

As investors navigate the Federal Reserve's higher-for-longer interest rate policy — and eventual rate cuts down the road — they should make sure they have their fixed-income portfolio positioned properly, according to Wells Fargo. The Fed last raised rates in July 2023, bringing the fed funds rate to a range of 5.25% to 5.5%. But investors were buoyed by news Wednesday that the consumer price index showed inflation eased slightly in April. Right now, Wells Fargo anticipates two rate cuts this year and just one in 2025, bringing the Fed's target rate to a range of 4.5% to 4.75% by the end of next year, said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. Investors can get exposure to intermediate-term bonds through mutual funds or exchange-traded funds.

Persons: Jerome Powell, Wells, Scott Wren, Wren Organizations: Federal, Wells, Wells Fargo Investment Institute Locations: Wells Fargo

☆ Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'
▼ + stars: | 2024-05-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

April Schultz, 40, and her husband Kevin, 45, bring in $130,000 a year in gross income combined between their four jobs and side gigs. Still, Schultz said it shocks her that such an income "feels like poverty." "We shouldn't have to have four jobs in one family," Schultz said. She said that while there are job opportunities in her area, most don't pay enough for the area's cost of living. They both anticipate downsizing once their kids have moved out and relocating to a more rural and cheaper place.

Persons: Schultz, Kevin, — Schultz, ALICE —, Stephanie Hoopes, United For ALICE, She's, Louis, she's, there's, We've, they're, they've, hasn't, It's, we've Organizations: Service, Costco, United For, Department of Defense, Scott Air Force Base, Amazon, Netflix, USDA, Aldi, Sam's Locations: California , Arizona, Minnesota, Idaho, Mascoutah , Illinois, St, Illinois, Missouri

☆ As a parent, I make the most of work trips to turn them into vacations. I schedule lunches instead of dinners so I can sleep.
▼ + stars: | 2024-05-16 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +3 min

On a recent work trip to New York City, I had dinner with my boss. It was a far cry from what work dinners used to look like when I traveled. My first business trip was a sales conference in San Diego in 2009. For the next 10 years or so, every time I took a business trip, I reveled in all of the late-night activities. Swapping business dinners for lunches still means I get dedicated face time with people, but it also means that I can enjoy a break from parenthood while I'm away.

Persons: I've, that's, I'm, hasn't, It's Organizations: Service Locations: New York City, San Diego, It's

Thedieck, now 31, is still in the military, and has gotten an awful lot of what he's wanted ever since. Darren Thedieck, age 31, joined the Air Force at age 18. Saving on a military salaryThedieck was interested in saving and investing long before he joined the Air Force. Right now, though, the plan is for that money to provide a financial "cushion" for the family, Thedieck says. Instead of full retirement after military life, both he and Naudia plan to take off in a new direction.

Persons: Darren Thedieck wasn't, he's, Thedieck, He's, Darren Thedieck, Andrea Ferro, Naudia, Denmark —, he'll, — Warren Buffett, Benjamin Graham, Darren, That's, They're Organizations: CNBC, U.S . Air Force, Air Force, titans, Social Security, Service Credit Union, Apple, Disney, Netflix, Spotify, FIRE Locations: Las Vegas, England, South Korea, Germany, Aviano, Italy, Venice, Denmark, United States

☆ How racing driverless cars is pushing autonomous technology
▼ + stars: | 2024-05-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +5 min

He’s been working on robotics since the 1980s, and he’s surprised by how quickly autonomous technology has advanced. He sees this in his day-to-day work at KUCARS, where researchers are working on everything from autonomous cars and drones to marine, agricultural, and manufacturing robotics. There have been other autonomous car races before, but A2RL’s was the first to include a race between four driverless cars, according to organizers. “But it was good to push the community.”Team Polimove competes during the Abu Dhabi Autonomous Racing League. Pushing the technology to the edgeEfforts to set driverless cars loose on public roads have faced setbacks, especially as the result of collisions with unforeseen obstacles.

Persons: Lakmal Seneviratne, He’s, he’s, A2RL’s, ” Seneviratne, Daniil Kvyat, Amr Alfiky, Reuters ‘, Max Verstappen, TUM, Seneviratne, Polimove, Giuseppe Cacace, Simon Hoffman, ” Hoffman, Uber, Hoffman, ” Organizations: CNN, Netflix, P Global Mobility, Khalifa University Center, Autonomous Robotic Systems, Khalifa University, Abu Dhabi Autonomous Racing League, Reuters, Beijing Institute of Technology, Abu, Marina Circuit, Abu Dhabi Grand Prix, Technical University of Munich, Getty, Yas Marina Circuit, Khalifa University of Science Locations: Abu Dhabi, KUCARS, Yas

☆ DC just got serious about taking on China in the AI arms race
▼ + stars: | 2024-05-15 | by ( Katie Balevic | Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

A bipartisan Senate group is calling for $32 billion in annual federal AI spending. The group wants to ensure the US stays ahead of China — which is also spending big on AI. Group leader Sen. Chuck Schumer said the money will "cement America's dominance in AI." AdvertisementA bipartisan group of US Senators wants to spend billions of dollars on a game plan to dominate artificial intelligence. Senate Majority Leader Chuck Schumer and three other senators who assembled an AI Working Group released their initial report on Wednesday.

Persons: Sen, Chuck Schumer, —, It's Organizations: Senate, Service, US, Business Locations: China

☆ Live Updates: Inflation Cooled Slightly, Offering Some Relief for Consumers and the Fed
▼ + stars: | 2024-05-15 | by ( Ben Casselman | ) www.nytimes.com time to read: +6 min

But economists cautioned that one month of encouraging data was far from enough to set those worries to rest. Both overall and core prices rose 0.3 percent from the previous month, down from 0.4 percent in February and March. The encouraging inflation report on Wednesday is unlikely to change those expectations. The report is also likely to be met with relief at the White House after what has been a rough recent run of inflation data for President Biden. Gasoline prices rose a seasonally adjusted 2.8 percent in April from March.

Persons: “, ”, Stephen Stanley, there’s, Sarah House, Biden, Jerome H, Powell, we’re, Blerina Uruci, Rowe Price, Jeanna Smialek, Jim Tankersley Organizations: Labor Department, Federal Reserve, Santander, White, Federal Reserve Bank of New, Fed Locations: Wells Fargo, Amsterdam, Federal Reserve Bank of New York

Of course, Bruno Mars also has a few other concerts planned outside the Las Vegas residency dates for his 2024 tour. We've got you covered if you're looking for how to get tickets to Bruno Mars' 2024 Las Vegas residency concerts and additional tour dates. Bruno Mars 2024 tour scheduleFollowing a nearly four-month hiatus, Bruno Mars' Las Vegas residency returns on June 7, 2024. Date City Vivid Seats prices StubHub prices Time June 7, 2024 Las Vegas, NV $352 $340 9 p.m. June 8, 2024 Las Vegas, NV $353 $370 9 p.m. June 12, 2024 Las Vegas, NV $334 $331 9 p.m. June 14, 2024 Las Vegas, NV $377 $411 9 p.m. June 15, 2024 Las Vegas, NV $393 $392 9 p.m. August 15, 2024 Inglewood, CA $245 $249 8 p.m. August 16, 2024 Inglewood, CA $234 $241 8 p.m. August 20, 2024 Las Vegas, NV $309 $323 9 p.m. August 23, 2024 Las Vegas, NV $281 $287 9 p.m. August 24, 2024 Las Vegas, NV $331 $339 9 p.m. August 27, 2024 Las Vegas, NV $226 $233 9 p.m. August 28, 2024 Las Vegas, NV $231 $247 9 p.m. August 31, 2024 Las Vegas, NV $339 $348 9 p.m. September 1, 2024 Las Vegas, NV $319 $333 9 p.m. How to buy tickets for Bruno Mars' 2024 concert tourYou can buy original tickets for Bruno Mars' 2024 concert tour on Ticketmaster.

Persons: Bruno Mars, He's, We've, StubHub, Anderson, Paak, Camila Cabello Organizations: Business, Las, MGM, Dolby, Vegas, Ticketmaster, Mars Locations: Las Vegas, Los Angeles , CA, Vegas, Inglewood, CA, Los Angeles, Dua Lipa, Brazil, Rio de Janeiro, Sao Paulo, Brasilia

☆ Mumbai, India: Wealth gap on voters’ minds as country’s richest city gears up for election
▼ + stars: | 2024-05-15 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

Mumbai, India CNN —For millions of Indians, it’s the city where dreams come true – just look around. Vegetable seller Sachin Chaudhary poses for a picture during an interview with CNN in Mumbai, India, on April 16, 2024. A billboard with India's Prime Minister Narendra Modi displayed on a road in Mumbai, India on April 15, 2024. Noemi Cassanelli/CNNA man cycles along a road in front of the Shiv Sena headquarters in Mumbai, India, on April 16, 2024. Sanjay Sardesai sits on his motorbike outside of the Indian National Congress headquarters during an interview with CNN in Mumbai, India, on April 16, 2024.

Persons: Mukesh Ambani, ’, ”, Sachin Chaudhary, Noemi Cassanelli, Rajani Bhat, “ I’m, “, ” Rajani Bhat, Narendra Modi, ” Kalpita Shinde, it’s, Helen D’Souza, ” Helen D’Souza, CNN ‘, Shiv Sena, Bhat, chai, Parag Sawla, Parag, Chaudhary, Modi, Sanjay Sardesai, CNN Sanjay Sardesai Organizations: India CNN, CNN, Bharatiya Janata Party, BJP, India's, sips, Indian National Locations: Mumbai, India, New York, Colaba, Modi, Dadar

☆ CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
▼ + stars: | 2024-05-15 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq rose to a record close, while the Dow Jones Industrial Average added 126 points. Meme craze coolsShares of GameStop and AMC rose on Tuesday, extending Monday's gains after "Roaring Kitty" made a reappearance. Shares, however, gave up some of their earlier gains, suggesting enthusiasm for the so-called meme stocks was fading. Powell: Inflation falling slowlyFederal Reserve Chair Jerome Powell said inflation was not slowing as quickly as anticipated, requiring the central bank to maintain its current interest rates for longer.

Persons: Jerome Powell, Alibaba, Powell, CNBC's Yun Li Organizations: CNBC, Nasdaq, Dow Jones, Treasury, GameStop, AMC, Biden, AMC Entertainment Locations: Hangzhou, New York, China, Amsterdam

☆ An AI agent may soon be at your beck and call, but it might cost you a bit of your privacy
▼ + stars: | 2024-05-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.

Persons: —, Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London

☆ Warren Buffett's Berkshire Hathaway made a number of changes in its equity portfolio last quarter
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett unveiled Chubb as his secret buy and Berkshire Hathaway's equity portfolio had some other changes in the first quarter, according to a new regulatory filing. Firstly, the Omaha-based conglomerate tweaked his energy exposure last quarter, adding to its Occidental Petroleum holding slightly and trimming the Chevron stake. Berkshire has been steadily increasing its Occidental bet since it first took a position in the first quarter of 2022. It was previously disclosed that Buffett trimmed Berkshire's Apple holding by 13% in the first quarter. Other than these changes, Berkshire's top 10 holdings remained unchanged last quarter.

Persons: Warren Buffett, Chubb, Buffett Organizations: Berkshire, Occidental Petroleum, Chevron, Occidental, HP, Paramount Locations: Omaha, Berkshire, Louisiana, Pacific

☆ French people are being told to 'drive like a woman' to reduce traffic deaths
▼ + stars: | 2024-05-15 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

A French road safety group is telling people to "drive like a woman" to cut fatalities. The campaign aims to debunk the "misogynistic" stereotype that men are better drivers than women. The campaign notes that, in France, 84% of fatal road accidents are caused by men. AdvertisementA French road safety association is urging people to "drive like a woman" to reduce the number of traffic deaths. Drawing on data from France's National Interministerial Road Safety Observatory 2022-2023, the campaign noted that 84% of fatal accidents are caused by men.

Persons: — Organizations: Service, France's, Business Locations: France

☆ Warren Buffett downsized his Apple stake for tax reasons. Here's what it means
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett surprised many by selling a significant portion of his gigantic Apple stake, and his reason for the sale was even more surprising. Buffett, who trimmed Berkshire Hathaway's Apple holding by 13% in the first quarter after reaping enormous gains, suggested that the sale was for tax reasons. He implied the sale could be a means of avoiding an even higher tax bill down the road if tax rates rise to help plug a ballooning U.S. fiscal deficit. There's no special tax rate for capital gains in a corporation as they become part of the entity's income. Corporate income tax rate The corporate tax rate in the U.S. averaged 32.1% from 1909 to 2024, with a peak of 52.8% in the late 1960s, according to the Internal Revenue Service.

Persons: Warren Buffett, Buffett, There's, Kelly Gillette Organizations: Apple, Treasury Department, U.S, Internal Revenue Service, Armanino LLP, Apple Berkshire, Berkshire Locations: Berkshire, Omaha, Texas

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