In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record
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It’s a common refrain: A billionaire loudly promotes potential solutions for climate change while jetting around the world, leaving a sizable carbon footprint. This week, it happened twice. First, Microsoft co-founder Bill Gates — an outspoken advocate for combatting climate change — reportedly celebrated his 66th birthday by hosting dozens of guests, including fellow billionaire
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MoMo Productions | DigitalVision | Getty Images Workers may funnel more money into 401(k) plans next year, according to the latest cost-of-living adjustment from the IRS.  The employee contribution limit for 401(k) plans is increasing to $20,500 in 2022, up from $19,500, and catch-up deposits for savers 50 and older will still be $6,500. The new amounts
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In this article RUN Sunrun solar. Source: Sunrun Sunrun said Thursday that its revenue during the third quarter more than doubled year over year as the company’s customer count topped 600,000. Shares of the company dipped as much as 2% during extended trading on Thursday. Here’s how Sunrun did versus analysts’ expectations, as compiled by
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CNBC’s Jim Cramer on Friday took comfort in a prediction by Dr. Scott Gottlieb that the pandemic phase of Covid could be over by January. “Dr. Gottlieb basically said the war’s over, and that’s just incredible,” Cramer said. Gottlieb, who had served as FDA chief under former President Donald Trump, is currently a Pfizer board
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New York, Chelsea apartments seen from the High Line park. pidjoe | iStock | Getty Images Months after the national ban on evictions expired, a number of states and cities have either kept in place or implemented their own policies to try to keep families in their homes. Despite heavy opposition by landlords, advocates say
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In this article PINS Benjamin “Ben'” Silbermann, co-founder and chief executive officer of Pinterest. Patrick T. Fallon | Bloomberg | Getty Images Pinterest on Thursday reported better-than-expected earnings and revenue for the third quarter despite a decline in monthly users. The company’s stock rose 6% in extended trading after closing at its lowest in over a
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When the Covid-19 pandemic hit last year, most companies scrambled to adjust to work-from-home life and a new economic landscape. But not Databricks, a San Francisco-based artificial intelligence software start-up. That’s because billionaire Ali Ghodsi, the company’s co-founder and CEO, had been preparing his 2,500 person staff for doomsday-type scenarios for years. In 2017, Ghodsi
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In this article BA ASTR AMZN Rocket 3.1 launches from Kodiak, Alaska. Astra / John Kraus A flurry of space companies filed requests with the Federal Communications Commission on Thursday for new or expanded broadband networks, asking the regulator for approval of nearly 38,000 total satellites. Amazon, Astra, Boeing, Inmarsat, Intelsat, Hughes Network, OneWeb, SpinLaunch,
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