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That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.
Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S
Jessica Kirshner is an interior designer who moved from Portland to Chicago in August 2023. I'm originally from the Bay Area, and I moved to Eugene, Oregon, in 2015 to study interior architecture. When I graduated, I moved to Portland for a job at a large firm. After three years in Portland, I moved to Chicago in August 2023. I love Chicago.
Persons: Jessica Kirshner, Kirshner, , Jessica Kirshner I'm, Chicago Organizations: Service Locations: Portland, Chicago, Europe, Bay, Eugene , Oregon, LA, San Diego, New York, Oregon, Illinois, There's
Analyst Scot Ciccarelli upgraded the retailer to buy from hold and raised his price target by $6 to $86. — Alex Harring 6: 22 a.m.: Here's what Wall Street thinks of Coinbase's earnings Coinbase's stronger-than-expected earnings have prompted analyst reactions. Barclays' Benjamin Budish (underweight, $179 price target unchanged, 21.8% downside): "The biggest question going forward is, how sustainable are these trends? — Alex Harring 6:12 a.m.: Wall Street reacts to Apple earnings Apple's buyback announcement has caught the eye of Wall Street analysts. Analyst Benjamin Nolan upgraded the railroad stock to buy from hold and increased his price target by $19 to $267.
Persons: Morgan Stanley, Jefferies, Bernstein, Aneesha Sherman, Sherman, — Alex Harring, Truist, Scot Ciccarelli, Ciccarelli, Ollie's, Estee Lauder, Dara Mohsenian, Mohsenian, Alex Harring, FactSet, Coinbase, what's, , Goldman Sachs, Will Nance, Benjamin Budish, Oppenheimer's Owen Lau, JPMorgan's Samik Chatterjee, Morgan Stanley's Erik Woodring, Michael Ng, bullish, George Notter, Notter, We've, it's, Stifel, Benjamin Nolan, Nolan, — Alex Harring —, Michael Bloom Organizations: CNBC, Arista and Union Pacific, Apple, Arista, FactSet, Barclays, Bloomberg, ASU, Street, Services, Jefferies, Arista Networks, Nvidia, Microsoft, Meta, Pacific, Union Pacific Locations: F3Q, China, Thursday's
As the company searches for a new CEO, Peloton Chairperson Karen Boone and Peloton Director Chris Bruzzo will serve as interim co-CEOs. How much you'd have if you invested $1,000 in PelotonPeloton has come a long way from when the company was founded in 2012. If you had invested $1,000 in Peloton in 2019, 2021 or 2023, here's how much it would be worth now. CNBC's calculations are based on the company's May 2 closing share price of $3.13. And if you had invested $1,000 in Peloton in 2019 when it first went public, your investment would have decreased by about 89% and be worth about $108 as of May 2.
Persons: it's, Barry McCarthy, John Foley, He'll, Karen Boone, Chris Bruzzo Organizations: Interactive Locations: New York
Janelle LeesonBelow is a sampling of some of the core products and services the Reviews team tests. Reporters enlist their cats, dogs, and other pets to help test products, while pet health articles are medically reviewed by veterinarians and supported by expert interviews. Insider Reviews' health articles are medically reviewed by doctors and other health professionals, and supported by expert interviews. Molly Allen/InsiderThe Reviews team tests products the way people would use them in everyday life. In addition to our in-house and freelance testers, we also have an internal council of volunteers and freelancers who help us test products and offer additional perspectives.
Persons: Janelle Leeson, Antonio Villas, Sally Kaplan, Molly Allen, James Brains, Erin Brains, Amir Ismael Organizations: Business Insider's Service Journalism, Tech, Samsung, Boas, Health
In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.
Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, , hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep
New York CNN —Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO just two years ago, will become a strategic advisor through the end of the year, Peloton said in a press release. In his place, Peloton has started a “comprehensive search process” for his replacement and two executives will become interim co-CEOs in the meantime. Peloton also announced that it’s eliminating 400 jobs, which will help the company cut $200 million in costs. McCarthy, a former chief financial officer of Spotify and Netflix, tried to engineer a number of ideas to turn around Peloton.
Persons: Barry McCarthy, McCarthy, Lululemon Organizations: New, New York CNN, Spotify, Netflix, Consumer Product Safety, Sporting Goods Locations: New York
Their bodies were discovered days later in some woods off a rural road in Telfair County, and their SUV was found submerged in a nearby lake. He is accused of killing the couple in Telfair County, Georgia. The suspect had the “last known communications” with Bud Runion, then-Telfair County Sheriff Chris Steverson said at the time. “The entire communication he had with Mr. Runion was deceptive,” Telfair County Sheriff Chris Steverson said at the time. Telfair County deputies launched air and water searches for the couple, and contacted land owners in the area to ask if they’d seen anything suspicious.
Persons: Elrey, Bud ” Runion, Runion, Ronnie “ Jay ” Adrian Towns, Ronnie Adrian, Jay, Kent D, Johnson, Bud Runion, Chris Steverson, Tim Vaughn, Towns, , they’d, Mark Walker, Jason Hoffman, Bud, David Goldman, ” Walker, , I’m, “ Bud, Ronnie Towns, , ain’t Organizations: CNN, Ford, Craigslist, GMC, US Army, Towns, Georgia Bureau of Investigation, Authorities, Atlanta, AP Locations: Vietnam, Georgia, McRae, Atlanta, Telfair County, Towns ’, Towns, Telfair County , Georgia, Telfair, Oconee, ” Telfair, Marietta , Georgia, Marietta, Goergia
Atmospheric concentrations of carbon dioxide, the main greenhouse gas, have passed a dangerous new threshold as people continue to burn fossil fuels. Is anyplace making progress on climate change? Steps like these, taken individually, aren’t enough to avoid the most serious consequences of climate change — worsening droughts, intensified storms and human suffering. Still, they show how some places are pulling off significant local changes very quickly. Globally, “we’re not moving as fast as we need to,” said Thomas Spencer, an analyst at the International Energy Agency.
Persons: , Thomas Spencer Organizations: International Energy Agency Locations: South America, China, Paris
David Maughan, 32, moved from Richmond, Virginia, to Oakland Park, Florida, last year. As a progressive, Maughan said he was nervous about Florida's culture war politics. Everyone says the weather in Florida is great, but they don't realize that Florida is hot hot. David Maughan and his boyfriend Brandon were long-distance for three years before David moved to Florida in August 2023. David Maughan said he's been able to make friends in the Florida LGBTQ community by joining an adult sports league.
Persons: David Maughan, Maughan, he's, , David, Brandon, Richmond, I'm, They've, it's, I've, disenfranchisement, hasn't, David Maughan Florida, We've, It's, He's Organizations: Service, Sunshine State, Business, Democrat, Democratic, Oakland Park, Broward Young Democrats, Sunshine Locations: Richmond , Virginia, Oakland Park , Florida, Florida, South Florida, Central Pennsylvania, Virginia, Richmond, Oakland, Fort Lauderdale, Broward County, Wilton Manors
Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.
Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam
One thing that MotoGP has in its favor is its frequently raucous unpredictability, a far cry from the sometimes-processional nature of F1. Reigning double world champion Pecco Bagnaia agreed. What that documentary series delivered in spades was human drama, making household names out of F1’s competitors and their teams. Mirco Lazzari gp/Getty ImagesThree-time MotoGP world champion Wayne Rainey now runs the MotoAmerica series, which nurtures US motorcycle track talent, as well as King of the Baggers. We need entertainment, and now Baggers are here at MotoGP, strictly to help build the crowd, build the excitement, and in the end it’s about entertainment.”Wayne Rainey is a three-time MotoGP world champion.
Persons: COTA, ” Carlos Ezpeleta, Pecco Bagnaia, , , Dan Rossomondo, doesn’t, Rossomondo, , ’ ”, Marc Marquez, ” Marquez, Valentino, Rossi, Dani, Pedrosa, Jorge, Lorenzo, Casey, Stoner, Roland Sands, Jonathan Hawkins, Harley Davidson, Sands, “ You’ve, who’s, ” Sands, Viñales, ” Rossomondo, Lionel Messi, Valentino Rossi, Mirco Lazzari, Wayne Rainey, King, Wayne, Rainey, ” Wayne Rainey, Natalie Cardenas, Christopher, Silas, Jack, “ We’ve, Natalie, ” Christopher, Maverick Viñales, Pedro Acosta’s, Bastianini, you’ve, it’s Organizations: Texas CNN, Formula, Liberty Media, MotoGP, Liberty, CNN, One, Premier League, , Sprint, CNN Sport, Ducati, Maverick, Aprilia, MotoGP’s Locations: Austin, Texas, Austin , Texas, Americas, California, America, Italian, States, Spain, COTA
CNN —A Black-led running group is suing the organizers of the Boston Marathon as well as the city of Newton, Massachusetts, and the Newton police chief over alleged racial discrimination that took place in a cheer zone at last year’s race. TrailblazHers had organized a specific “cheer zone” in Newton at Mile 21 and had invited other running groups led by people of color to join, says the complaint. Police formed “a human barricade to physically separate the running crews of colors from the event,” the complaint alleges. Shortly after the incident last year, Newton police said in a statement: “After being notified by the B.A.A. TrailblazHers is represented by Lawyers for Civil Rights, a Boston-based legal group working to fight discrimination, according to its website.
Persons: Newton, , TrailblazHers, , White, John Carmichael, Ahmaud Arbery, ” Iván Espinoza Madrigal, “ Ahmaud, Black, TrailblazHers “, ” Mirian Albert Organizations: CNN, Boston Marathon, Newton police, Newton, TrailblazHers, Police, Boston Athletic Association, Newton Police, WFXT, Facebook, Boston Athletics Association, Lawyers, Civil Rights, BAA Locations: Newton , Massachusetts, Massachusetts, Newton, Hopkinton , Massachusetts, Boston, TrailblazHers, Georgia
There are some companies all-in, as a brand, in fighting climate change , such as Patagonia. So-called green perks, also referred to as climate change benefits, could help to bridge that gap. A rising, though still marginal trend in the job market, employee enticement and compensation packages tied to climate change can help to make these abstractions clearer and more actionable in the workplace. "There's a nascent but growing interest in climate change benefits," Schneider said, pointing out that Google searches for commuter benefits, as an example, are trending up. Green perks are a benefits arena where the demand would seem to outstrip supply, and green commuter benefits may be the first indication of a wider adoption wave.
Persons: enticement, WTW, Caroline Mangiardi, Mangiardi, Lauren Schneider, it's, Schneider, Mercer, Lizzy Kolar, Kolar, Kolar's Organizations: Walmart, Apple, Bank of America, Compt, CSR, employee's CSA, Fortune Locations: Bentonville , Arkansas, Patagonia, Bentonville —, Bentonville, employee's
A handful of new lounges opened by credit card issuers, including Capital One and American Express, have recently landed in airports across the United States, promising posh spots of refuge for select travelers awaiting their flights. At La Guardia Airport, caviar service will be available for pre-order. At Hartsfield-Jackson Atlanta International Airport, travelers can get complimentary massages, and at Denver International Airport, there are nap pods. Broadly, there are three types of airport lounges available to travelers: airline operated; shared-use spaces that aren’t limited to one airline or frequent flier status (think Priority Pass); and credit card lounges. For more than a decade, American Express was the only credit card issuer with lounges in the United States.
Persons: , Audrey Hendley, Chase Organizations: Capital, American Express, La Guardia, Hartsfield, Jackson Atlanta International Airport, Denver International Airport, Jackson, Chase Sapphire Locations: United States, La Guardia Airport
Agrawal, a 45-year-old serial entrepreneur who founded the period-underwear company Thinx and the bidet startup Tushy, has always poured herself into her businesses. That July, Agrawal gave birth to her son, Hiro Happy Horn Agrawal. AdvertisementAfter leaving Thinx, Agrawal, pictured here in her Texas home, poured her energy into her bidet startup Tushy. Before Thinx, before Tushy, Agrawal was an analyst at Deutsche Bank, working in an office near the World Trade Center. In 2011, she cofounded period-underwear company Thinx with her twin sister, Radha, and a friend, Antonia Saint Dunbar.
Persons: Miki Agrawal, Agrawal, she's, We're, missteps she'd, Miki Agrawal Agrawal, Andrew Horn, Agrawal's, Horn, Instagram, she'd, Hiro Happy Horn Agrawal, Forbes, Tushy, they'd, Thinx, Ilana Panich, , hadn't, they're, Richard Wolf, Radha, Antonia Saint Dunbar, Nicholas Hunt, undressed, wasn't, Shama Amalean Skinner, Amalean Skinner, Maria Molland Selby, welling, Miki, who's, Justin Allen, She'd, Hiro, Jason Ojalvo, Ojalvo, Horn —, Melissa Pruett, Pruett, Jessica Fern's, I've, exes, it's, wifedom, hummus —, Happie Hoffman, Austin, Tesla, Elon Musk, Musk's, Kimbal, Argawal Organizations: New York, Commission, Human Rights, Washington Post, CNBC, Business, Deutsche Bank, World Trade, New York Magic, Food Network, New York Magazine, Antonia Saint Dunbar ., Nike, Outfront Media, New, MTA, New York Times, Glamour, Amazon Locations: New, playa, Texas, Tribeca, West, Williamsburg, Park, America, Canada, Orlando, Thinx, Costa Rica, Horn, Oregon, Austin
My parents were born toward the end of the baby boomer years and had me, a Gen Zer, when they were both 43. It wasn't until I was older that I truly understood the age difference between my parents and those of my classmates. Sandrine Jacquot says her parents were older than many of the parents of her peers. I was also encouraged to read a lot and do my best in school, which was highly important for my baby boomer parents. My maturity has helped me get to where I am today, and much of it can only be attributed to being raised by baby boomer parents.
Persons: I'm, weren't, Sandrine Jacquot, I'd, boomer Organizations: Service Locations: Italy
She told Business Insider she wants to have more energy, build muscle, and increase her cardio stamina. AdvertisementTweak one part of a meal each week to increase varietyGina's go-to lunch is chicken, broccoli, and brown rice, she said. Then, next week try swapping the rice for quinoa, and the week after swap the chicken for fish or tofu. Bijlani advised Gina to check she's getting enough protein in each meal, as well as ensuring she's eating enough generally. If Gina doesn't eat a meal until a while after exercising, post-workout snacks should contain both protein and carbs.
Persons: , Gina, Charan Bijlani, Bijlani, Gina doesn't Organizations: Service, Insider's Nutrition Clinic, Business
Madeline ParkThe natural wood yoga studio is right around the corner from the gym and has a calming glow of light. Madeline ParkThe items at the store ranged from T-shirts ($30), jackets (~$100), tumblers ($15), and children's books. Madeline ParkThe actual cafeterias at Google's new office are the ultimate benefit and charm of working here. The coworking spacesThis coworking space is called "ROYGBIV," an acronym for the colors of the rainbow: red, orange, yellow, green, blue, indigo, and violet. The Google office at St. John's Terminal is so big that I didn't get to explore all of it.
Persons: Madeline Park, , Park, café, Madeline, Klara, Patricia Urquiola, there's Organizations: Google, Hudson, Service, Americano, Recreation, YouTube Locations: York City, Hudson, New York City, chai, Spanish, St
Madeline ParkThe natural wood yoga studio is right around the corner from the gym and has a calming glow of light. Madeline ParkThe items at the store ranged from T-shirts ($30), jackets (~$100), tumblers ($15), and children's books. Madeline ParkThe actual cafeterias at Google's new office are the ultimate benefit and charm of working here. The coworking spacesThis coworking space is called "ROYGBIV," an acronym for the colors of the rainbow: red, orange, yellow, green, blue, indigo, and violet. The Google Office at St. John's Terminal is so big that I didn't get to explore all of it.
Persons: Madeline Park, , Park, café, Madeline, Klara, Patricia Urquiola, there's Organizations: Google, Hudson, Service, Americano, Recreation, YouTube Locations: York City, Hudson, New York City, chai, Spanish, St
The Amazon Pharmacy home screen is displayed on a laptop in Brooklyn, New York, on Nov. 17, 2020. The e-commerce giant said on Tuesday that it's rolling out same-day delivery of prescription medications in New York City and the greater Los Angeles area. To speed up deliveries, Amazon said it's using new, smaller facilities, stocked with the most common prescription medications for acute conditions. San Bernardino, Riverside and Anaheim, which are all in the LA area, are eligible for same-day prescription deliveries starting Tuesday. In October, Amazon began offering same-day prescription medication delivery in Seattle, Miami, Indianapolis, Phoenix and Austin, Texas.
Persons: Doug Herrington Organizations: Amazon Pharmacy, Amazon, Worldwide Amazon Stores, Station , Locations: Brooklyn , New York, New York City, Los Angeles, Bernardino, Riverside, Anaheim, LA, Seattle , Miami, Indianapolis, Phoenix, Austin , Texas, Station, Station , Texas, New York
Soon after leaving his job, Gallo took an acting class in New York City — which wasn't too far from his home in New Jersey — and fell in love with the craft. He decided he wanted to be an actor and moved to the Big Apple to chase his dreams. His car insurance is also fairly cheap because he's on his parents' plan and reimburses them for the cost. His only other insurance cost is renters insurance for his apartment, since he receives free health insurance through the state. "I am happier now than when I was working for the insurance company," he says.
Persons: Max Gallo, didn't, Gallo, Mickey Todiwala, he's, He's, it's, Sylvester Stallone, Stallone, , hasn't, steadier Organizations: CNBC, New Jersey —, Apple, Screen, American Federation of Television, Radio Artists, SAG, BMW, Citi, Facebook, Netflix, LinkedIn, Spotify, Hulu, Adobe, Citi Bikes, Insurance, Honda, BMW Roadster, New York City Marathon Locations: New York, New Jersey, Brooklyn
Why are bidets just now getting popular in America?
  + stars: | 2024-03-24 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +8 min
It took a toilet paper shortage for some to come around to the 18th-century invention. A common reason why bidets aren’t used in the US is that during World War 2, American soldiers saw brothels utilizing bidets. Big Toilet PaperWhen the great toilet paper shortage hit in 2020, many Americans realized there could be another way to clean themselves. Using toilet paper had seemed, somehow, American, with toilet paper jokes a staple in bathroom humor and “TP-ing” a stereotypical rite of passage for teens. With the toilet paper mania, she decided to kill two birds with one stone and splurge on a Tushy.
Persons: bidets, – washlets, , James Lin, Lin, Miki Agrawal, Toto, “ Gosh, ” Joe, aren’t, Elisabeth of Bavaria, Carl Knoll, Joe, Agrawal, can’t, ” Atieh, ” Derek Rucker, Rucker, Mikaela Koelzer, Koelzer, ” Koelzer, Organizations: New, New York CNN, CNN, Carl Knoll Porcelain, Kellogg School of Management Locations: New York, bidetking.com, American, Michigan, France, Europe, East, East Asia, Japan, United States, Carlsbad, Gmunden, Spain, Indian, Illinois, Jordan, Chicago
The climate crisis ends up touching on all of those issues, as CNN’s chief climate correspondent Bill Weir told me. Removing politics from climate changeWOLF: It’s interesting to hear you say that about Texas, because the governor and the Republican-dominated legislature there would seemingly be opposed to doing anything specifically because of climate change. Joe Biden has tried to make the argument that addressing climate change should be an economic boom. It seems clear that we’re going to burst through the 2-degree tipping point that had been previously suggested as the tipping point for climate change. What that means for marine ecosystems and coral reefs, which are the cradles of life in the oceans, and what it means for the power of storms as we head into hurricane season has scientists really, really worried.
Persons: Bill Weir, , Weir, You’re, WEIR, don’t, Syd Kitson, It’s, Hurricane Ian, CNN WEIR, Hurricane Maria, they’ve, it’s, It’ll, Joe Biden, Donald Trump, Matt Yglesias, WOLF, I’ve, we’ve, We’ve, Kena Betancur, they’re, There’s Organizations: CNN, NFL, Hurricane, Babcock, Buffalo, UN, Republican, Act, Citi Bikes, Getty, Greyhound Locations: Hope, Massachusetts, Salisbury , Massachusetts, New Hampshire, Florida, America, , Florida, Puerto Rico, Buffalo, Puerto Rican, Niagara Falls, Texas, Alaska, United States, Portland , Maine, Portland , Oregon, Central America, Charleston, South Carolina, New York City, Dallas, Chicago, New York, AFP
Kimberly Gallina met her husband, Jim, at a school in Queens where she was a student teacher. AdvertisementThis as-told-to essay is based on a conversation with Kimberly Gallina, a 35-year-old high school teacher in Peekskill, New York. Before teaching eighth-grade biology, Jim worked in the restaurant industry for 10 years, at a tire shop, on a boat, and even a short stint as a flight attendant. AdvertisementTeaching can be all-consuming — you can work until midnight and never be done — and Jim and I wanted our home and work lives to be separate. AdvertisementI found a new teaching job at a school closer to home.
Persons: Kimberly Gallina, Jim, , didn't, seltzer, Jim doesn't, we'd, Kendall Lee Organizations: Service Locations: Queens, Peekskill , New York, Jamaica , Queens, Montauk
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