Travis Kelce has made more than $70 million throughout his career in the National Football League, but he still remembers how he spent his first paycheck. “I had my eyes on a pair of size 13 Nike Air MAG ‘Marty McFlys’ — the coolest shoes that I’d ever seen in […]
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Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion
An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022. Scott Morgan | Reuters Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, […]
Why San Francisco’s robotaxi rollout has been such a mess
Self-driving cars have flooded San Francisco streets, and many of them have no safety drivers behind the wheel. In August, two of the leading autonomous vehicle companies, General Motors-owned Cruise and Alphabet’s Waymo, were granted permission to expand operations, allowing people to hail a driverless car the same way they […]
Retirement is overrated, Gen Z says, as ‘soft saving’ trend takes hold
Morsa Images | Digitalvision | Getty Images Soft saving gains steam in today’s economy Only recently, there was tremendous buzz around FIRE, an acronym that stands for Financial Independence, Retire Early, a movement built on the idea that handling your money super efficiently can help you reach financial freedom. But […]
Sam Bankman-Fried faces over 100 years in prison at sentencing. Experts weigh in on how much time he’ll actually get
A jury of twelve found FTX founder Sam Bankman-Fried guilty of all seven criminal charges brought against him. The question of how long he’ll remain in prison, however, is one that Judge Lewis Kaplan will spend the next few months deliberating by himself. The no-nonsense 78-year-old judge is a veteran […]
Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021. Luke Sharrett | Bloomberg | Getty Images Company: VF Corporation (VFC) Business: VF Corp. is a consolidator of consumer footwear and apparel brands. It engages in the […]
Cramer’s week ahead: Watch for earnings from oil and gas outfits
CNBC’s Jim Cramer on Friday provided insight into next week’s Wall Street happenings. He said he’ll be paying close attention to several quarterly earnings reports, especially from oil and gas companies. He also lauded this week’s market action, saying that next week may not be as strong, but it could […]
Astra defaults on debt agreement, warns it may not be able to raise needed cash
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. […]
Taylor Swift Eras Tour film seeking more box office records as it sticks around in theaters
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift is seeking to smash more box office records as her Eras Tour concert film sticks around theaters. Box office […]
Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
DraftKings, a fantasy sports website Getty Images The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers’ dollars is about to get more competitive. DraftKings, which reported quarterly results that beat Wall Street’s estimates […]