Berkshire Hathaway board feels sure Greg Abel is the man to eventually replace Warren Buffett
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Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor. But Berkshire Hathaway’s board remains confident Greg Abel is the right guy to one day lead the …
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By JOSH FUNK
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5/2/24
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Maui sues cell carriers over wildfire warning alerts that were never received during service outages
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Maui County is suing major cellular carriers for failing to properly inform police of widespread service outages during the height of last summer’s deadly wildfire. The county is suing Verizon …
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By JENNIFER SINCO KELLEHER
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5/2/24
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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
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The IRS says it's taken steps to address a wide disparity in audit rates between Black taxpayers and others filers. And the agency is more closely examining the returns of larger numbers of wealthy …
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By FATIMA HUSSEIN
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5/2/24
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Russian state media is posting more on TikTok ahead of the U.S. presidential election, study says
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A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the …
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The Associated Press
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5/2/24
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Exxon Mobil deal with Pioneer gets FTC nod, but former Pioneer CEO Scott Sheffield barred from board
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Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s …
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5/2/24
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Average long-term US mortgage rate rises for again, reaching highest level more than five months
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The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing …
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By ALEX VEIGA
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5/2/24
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Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules
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An administrative law judge has ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago. In a ruling issued Wednesday, the …
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By HALELUYA HADERO
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5/2/24
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Final cost in for Mets' sorry 2023 season $420 million in payroll plus luxury tax
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The final cost of the Mets’ sorry 2023 season has been totaled: $420 million. Major League Baseball finalized its payroll figures for last year, and New York finished at a record $319.5 million. In …
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By RONALD BLUM
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5/2/24
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AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC
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The rate of businesses in the U.S. using AI is still relatively small but growing rapidly. A new paper by U.S. Census Bureau researchers says overall use of AI by businesses in the U.S. rose from …
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By MIKE SCHNEIDER
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5/2/24
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Landmark Google antitrust case ready to conclude
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Lawyers for both the Department of Justice and Google will present arguments Thursday and Friday to conclude the biggest antitrust case in a quarter century. In closing arguments of a trial that …
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5/2/24
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Senators want limits on the government's use of facial recognition technology for airport screening
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A bipartisan group of senators wants restrictions on the use of facial recognition technology by the Transportation Security Administration. The lawmakers say they're concerned about travelers’ …
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By REBECCA SANTANA
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5/2/24
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Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
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Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its …
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By MICHELLE CHAPMAN
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5/2/24
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Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
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The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery. The cut by a half-percentage point on …
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5/2/24
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Number of Americans applying for jobless claims remains historically low
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The number of Americans applying for unemployment benefits was unchanged last week and remains historically low as the labor market continues to show resiliency in the face of high interest rates and …
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By MATT OTT
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5/2/24
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EU announces 1 billion euros in aid for Lebanon amid a surge in irregular migration
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The European Union has announced an aid package for Lebanon of 1 billion euros — about $1.06 billion — that will mostly go to strengthening border control to halt the flow of asylum seekers and …
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By ABBY SEWELL
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5/2/24
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Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
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Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement …
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By MICHELLE CHAPMAN
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5/2/24
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Japan's Kishida unveils a framework for global regulation of generative AI
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Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI. It adds to global efforts on governance for the rapidly advancing technology. …
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5/2/24
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One Tech Tip: How to repair an electric toothbrush
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Toothbrushes used to be simple, powered only by your hand so they never broke down. Rechargeable electric toothbrushes are increasingly popular because they make brushing easier and more effective, …
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By KELVIN CHAN
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5/2/24
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Say hello (again) to EA Sports College Football. The beloved video-game behemoth is back
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Gamers’ appetites for immersive sports video games have not changed much since the heyday of EA Sports' college football. Society, however, has. Video-game developer EA Sports is breaking back into …
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By RYAN KRYSKA
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5/2/24
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Microsoft will invest $2.2 billion in cloud and AI services in Malaysia
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Microsoft CEO Satya Nadella says the company will invest $2.2 billion over the next four years in new cloud and artificial intelligence infrastructure in Malaysia. It marks Microsoft’s single …
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5/2/24
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