Omaha, Neb. – Tens of thousands of Berkshire Hathaway shareholders have traveled to this Midwestern city to hear Warren Buffett lead the company’s annual meeting but also to take part in annual rituals like the 5K walk/run, the steak dinner, and the bargain underwear shopping. “Everybody needs clean underwear,” said […]
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Why Warren Buffett hosts a newspaper-throwing contest at Berkshire Hathaway’s shareholders meeting
Since 2012, attendees of Berkshire Hathaway’s annual shareholders meeting have taken part in a fun tradition: a newspaper-tossing contest that pits them against billionaire Warren Buffett himself. Challengers must toss a rolled-up newspaper 35 feet from the starting line to the porch of a modular home set-up inside the convention […]
Berkshire shareholders go to Omaha to get as much Buffett and Munger as they can
Omaha, Neb. — Berkshire Hathaway‘s annual meeting is an opportunity for shareholders and their family members to absorb first-hand the wisdom of Chairman Warren Buffett and Vice Chairman Charlie Munger. Together, the two have created an empire worth nearly $500 billion. And as they get older, some shareholders say they […]
Here’s how much money the winning Kentucky Derby jockey will earn tonight
The 144th Kentucky Derby takes place on Saturday at Churchill Downs. Post time is scheduled for 6:34 p.m. ET, but the two-minute long race isn’t set to start until 6:46 p.m. ET. Tonight’s favorite, Justify, is racing out of post position seven, and is looking to become the sixth consecutive […]
Tech workers are paying $7,000 to freeze their stem cells in hope of extending life
Start-up investor Li Jiang just turned 30, and now he can’t stop thinking about his own mortality. For Jiang, who’s based in San Francisco, living longer isn’t just about eating healthy and exercising regularly. Last month, he cryogenically froze his stem cells, in the hopes of someday injecting them back […]
Banks are working to woo new doctors into home mortgages
When Dr. William Ngo was shopping for his first home two years ago, he ran into a problem: He got rejected for a mortgage because he had about $250,000 in student debt and little savings. So the surgeon applied for a loan specifically designed for doctors that came with a […]
You can sip a $1,000 mint julep at the Kentucky Derby — here’s what makes it so pricey
Everything about the Kentucky Derby is extravagant — including the drinks. For those who are really looking to splurge, there’s a $1,000 mint julep offered by Kentucky bourbon distillery Woodford Reserve. The recipe uses ingredients that can only be sourced in Kentucky. Here’s exactly what goes into the four-figure cocktail: […]
Here’s why Kentucky Derby owner Churchill Downs sees digital as a massive growth engine
Large-scale digital growth has helped Churchill Downs, the company that owns the Kentucky Derby, has helped feed a massive expansion in the last five years, Churchill’s top executive told CNBC in an interview. “Day-to-day racing, that’s not the greatest business in the world,” CEO William Carstanjen told CNBC on “Power […]
Waymo self-driving car hit in collision on Arizona street
Police in a Phoenix suburb are investigating a collision involving a self-driving vehicle owned by Waymo. Chandler Police say the incident happened Friday afternoon when a Honda sedan swerved to avoid hitting another car. The Honda went into opposing traffic lanes and hit the Waymo car. Police say the vehicle […]
Watch NASA launch its first mission to the surface of Mars in over 6 years
[The stream is slated to start at 6:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] United Launch Alliance is set to launch NASA’s InSight lander on Saturday, lifting off from Vandenberg Air Force Base in California. ULA – the rocket-building […]