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☆ Nikki Hiltz: How this professional runner is making their sport more inclusive
▼ + stars: | 2022-11-09 | by ( Issy Ronald | ) edition.cnn.com time to read: +11 min

“I was open about my sexuality at that point, but not my gender identity,” Hiltz tells CNN Sport. After coming out as trans and non-binary, Hiltz continues to compete in the women’s division. “You know, I have no business putting on an in-person race,” Hiltz jokes. Spencer Cox’s veto of a bill that bans transgender women from competing on women’s and girls’ sports teams. Since coming out as trans and non-binary last year, Hiltz has had conversations with race directors and announcers about making running more inclusive.

☆ Buffett's billions in cash turn from stock drag to Berkshire bull case with yields topping 4%
▼ + stars: | 2022-11-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

For years, Warren Buffett's cash fortress earned "only a pittance," but now thanks to rising rates, Berkshire Hathaway 's mountain of money is contributing meaningful earnings to the conglomerate. "The increases were primarily due to increases in short-term interest rates," Berkshire said in a statement. "While exceptionally low interest rates prevailed in recent years, interest rates increased significantly over the first nine months of 2022." The contribution to earnings from cash had been very poor due to near-zero interest rates. Berkshire acquired insurer Alleghany for $11.6 billion on Oct. 19, which was funded by existing cash balances.

☆ Berkshire Hathaway could boost earnings after Occidental accounting change
▼ + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) could soon see a boost to its bottom line after changing its accounting for its big stake in Occidental Petroleum Corp (OXY.N). In its quarterly report on Saturday, Berkshire said it adopted the equity method of accounting for its 20.9% stake in Occidental, which is worth more than $14 billion. Accounting rules normally require the equity method when one company's stake in another reaches 20%, reflecting an assumption that the first company might exert significant influence. Kraft Heinz is controlled by Berkshire and Brazil's 3G Capital, and its board includes three directors from Berkshire. Some investors and analysts have said Berkshire could eventually buy Occidental, diversifying its energy portfolio.

☆ Buffett's Berkshire loses money as stocks, Hurricane Ian offset rising demand
▼ + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses. Berkshire also bought back more of its own stock but was cautious, repurchasing $1.05 billion, similar to the second quarter. Berkshire also said rising costs from fuel and accidents hurt respective results at two of its best-known businesses, the BNSF railroad and Geico auto insurer. Results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments other than Apple Inc (AAPL.O) fell. Results improved despite a $2.7 billion after-tax loss from Ian, a strong Category 4 hurricane that slammed into Florida on Sept. 28.

☆ TikTok says it has never been used to target specific people after Forbes reported the app would be used to monitor some individuals' locations
▼ + stars: | 2022-10-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

TikTok says the app has never been used to target specific individuals in the US government. Its parent ByteDance planned to use the app to monitor the locations of some Americans , Forbes reported. monitor the locations of some Americans TikTok has been caught in debates about privacy and security under in the US. The social media platform tweeted the denial after Forbes reported on October 20 that ByteDance, TikTok's China-based parent, planned to use the app to monitor the locations of certain Americans. TikTok spokesperson Maureen Shanahan said the app collects approximate location information based on the IP addresses of users, Forbes reported.

☆ Elon Musk's battle with Twitter shows that even the brashest, loudest leaders can face a reckoning
▼ + stars: | 2022-10-11 | by ( Ebony Flake | ) www.businessinsider.com time to read: +7 min

Now, though, his latest fight with Twitter shows the perils of always leading with bravado: While scandal is unlikely to sink the CEO, he's making extra work for himself — more than he usually does. Musk's negotiations to buy Twitter were subsequently halted when he pushed for concessions the platform was unwilling to give. Duncan Levin, a criminal defense attorney who represents controversial clients, such as Harvey Weinstein, Clare Bronfman, and Anna Delvey, told Insider: "No one is scandal-proof. Musk's ability to bounce back from repercussions is the result of a complex interplay of a fierce, cultlike fandom and his transformational leadership style, experts told Insider. What's more, he's highly intelligent and ahead of most people, a former manager at Tesla previously told Insider.

☆ Denver's most expensive home lists for $28.9 million and features a stunning charred wood treatment
▼ + stars: | 2022-10-03 | by ( Ray Parisi | ) www.cnbc.com time to read: +6 min

Dusk view of the main house looking into the glass-encased great room. Nate PoltaThe local trend in Denver sales prices may bode well for the new $28.9 million listing. Primary bedroom Nate PoltaThe main house includes five bedrooms and eight bathrooms. Nate PoltaThe residence includes a self-sustaining solar energy system, in-floor heating and Lutron shades. The view from above the lap pool and sundeck reveals an array of solar panels on the pool house roof.

☆ Berkshire Hathaway gets an upgrade as recent sell-off creates an attractive entry point
▼ + stars: | 2022-09-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway got upgraded at Edward Jones as the conglomerate's recent sell-off made the conglomerate's shares attractive. Edward Jones analyst James Shanahan boosted Berkshire's rating to buy from hold Wednesday, while adding the stock to the Wall Street firm's "U.S. Stock Focus List." "We believe that the sell-off has created an attractive entry point for long-term investors, as Berkshire revenues and earnings benefit from a diverse group of operating companies and investments," Shanahan said. The conglomerate's operating business is a patchwork of companies spanning from railroads, to batteries, insurance, home furnishing and retail. "We believe that higher interest rates, additional investment activity, and an acceleration in share-repurchase activity will provide additional support for earnings per share," Shanahan said.

☆ Warren Buffett's 91st year marked by a huge focus on Berkshire Hathaway's energy empire
▼ + stars: | 2022-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett turns 92 on Tuesday, having spent the past year expanding further his Berkshire Hathaway energy empire, making a classic value investor's bet. Plus, many energy stocks have found themselves with torrents of cash flow since the economy reopened following Covid lockdowns. "All of this just sounds like the perfect Berkshire Hathaway stock." If Berkshire continues to ramp up its Occidental investments and makes the position a controlling one, it probably reflects the influence of Greg Abel, Buffett's likely successor who has been leading the conglomerate's energy unit Berkshire Hathaway Energy. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

☆ Warren Buffett's stock shopping spree slows down even during market's big pullback. Here's why
▼ + stars: | 2022-08-08 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett's stock-buying spree slowed down drastically in the second quarter even during the market's big correction, and analysts said the "Oracle of Omaha" could be preserving capital for other uses. Berkshire Hathaway 's net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the conglomerate's quarterly reports showed. Berkshire Hathaway Energy? Berkshire now owns 92% of Berkshire Hathaway Energy, with the rest belonging to the family of the late billionaire philanthropist Walter Scott who passed away last September at age 90. The bulk of the losses were within Berkshire's largest positions, including Apple ($34 billion loss on Berkshire's position during the second quarter), Bank of America ($10 billion loss) and American Express ($7 billion loss).

☆ Musk and Brin: A brief history of the billionaires' friendship leading up to rift caused by an alleged affair
▼ + stars: | 2022-07-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Google cofounder Sergey Brin was a longtime friend and investor of Elon Musk. Musk and Brin often spent time sharing ideas with Google cofounder Larry Page, Vice reports. Wall Street Journal reports Musk had an affair with Brin's estranged wife in 2021. Brin, a Tesla investor, provided the struggling company with $500,000 during the 2008 financial crisis, according to WSJ. Brin reportedly acknowledged the gesture but still doesn't speak to Musk regularly, the Journal says.

☆ Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries
▼ + stars: | 2022-04-28 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBCWarren Buffett has begun to unleash Berkshire Hathaway 's massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. Like another top Buffett industry — railroads — banks are part of the infrastructure of the country, a nation he continually bets on. (Watch the 2022 Berkshire Hathaway annual shareholders meeting live on Saturday, April 30 at 9:45 a.m. Despite the industry becoming significantly cheaper to own, Buffett reversed many of his wagers, unloading JPMorgan, Goldman and Wells Fargo.

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