Business

Berkshire Hathaway’s Warren Buffett over the weekend announced plans to step down as chief executive starting next year.Greg Abel, the vice chairman of non-insurance operations at Berkshire, received unanimous approval from the board to succeed Buffett, who, after more than half a century, plans to relinquish the top job. Abel will start his tenure as Berkshire’s new CEO on Jan. 1, 2026.Buffett’s planned successor has held his current position at Berkshire […]

Former Commerce Secretary Wilbur Ross helped launch President Donald Trump’s trade wars in the first term – now he says the White House is moving faster, hitting harder and taking a more unilateral approach to trade policy.In an interview with Fox News Digital, Ross – who served in the Trump Cabinet from 2017 to 2021 – said Trump is cutting red tape by using the International Emergency Economic Powers Act […]

Skype is no more, as Microsoft is retiring the once-popular video calling service on Monday. Shutting down Skype will help the software giant focus on its homegrown Teams service by simplifying its communication offerings, Microsoft announced back in February. To ease the transition from the platform, its users will be able to log into the free version of Teams using their existing credentials, with chats and contacts migrating automatically. "Skype has been an […]

Chevron CEO Mike Wirth issued a stark warning about the firm's possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire. Chevron, which is only allowed to export Venezuelan oil to the United States, has been under pressure from the Trump administration to halt drilling in the politically turbulent nation. But Wirth, who is currently negotiating with the administration, argued against the […]

Things are about to get a lot ‘suite’er for passengers aboard some international American Airlines flights.This summer, the airline is debuting its Flagship Suite seats aboard its newest Boeing 787-9 aircraft.The 51 Flagship Suite seats at the front of the aircraft will feature "privacy doors, more personal storage space with a wireless charging pad and a one-of-a-kind chaise lounge seating option with an adjustable headrest pillow," American said in a […]

Last Monday was a tough day for citizens of Spain and Portugal. Both countries were hit by an hourslong power outage that some say was the worst such event in living memory. What they did not get was a clear explanation of how it all happened. At least not from the government.Potential culprits brought forward include the overuse of renewable energy such as solar or wind, a cyberattack, human error, extreme […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).In celebration of the heroic and gallant actions of firefighters across the U.S. on International Firefighters' Day, a former Los Angeles County fire captain is launching a coffee brand with a meaningful mission.Rick Brandelli, founder of Firemans Brew Coffee, will debut three roasts online […]

A multimillion-dollar estate the Obama family stayed at several times during trips to Martha’s Vineyard is up for sale.The owners, identified as architect Norman Foster and his family, are looking to get $39 million for the massive Blue Heron Farm on the Massachusetts island, The Wall Street Journal reported April 25.MGS Group Real Estate’s Maggie Gold Seelig and Corcoran Property Advisors’ Brian Dougherty are listing the property on the seller’s behalf, […]

A prominent Chinese businessman in New York was sentenced to 20 months in federal prison for illegally acting as an agent of the Chinese Communist Party, according to the U.S. Department of Justice.Quanzhong An, a permanent U.S. resident and influential figure in Queens’ Chinese business community, pleaded guilty in March to participating in a yearslong campaign to pressure a Chinese expatriate, identified in DOJ filings as "John Doe-1" and reported […]