Business news

Business news • May 02

CEO Greg Abel moves to assure Berkshire shareholders in a post-Buffett world, with record cash

Attendance was down significantly from when Buffett presided over meetings filled with their lively insights and banter about Berkshire.

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Business news • May 02

Sam Altman says Elon Musk can come to his GPT 5.5 party: 'World needs more love'

After battling it out in court this week, OpenAI CEO Sam Altman made a surprising, if not full-throated, gesture to his rival, Elon Musk, on Saturday.

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Business news • May 02

Berkshire annual meeting recap: Buffett says investing environment not ideal, sees 'gambling' in markets

Berkshire Hathaway hosted its 2026 annual meeting — its first since Warren Buffett passed the baton as CEO to Greg Abel at the start of the year.

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Business news • May 02

Why Are Jeff Bezos and Lauren Sanchez Bezos’ Met Gala 2026 Roles Controversial? Us Explains

Jeff Bezos and his wife Lauren Sánchez Bezos' involvement with the Met Gala in 2026 has led to protests in New York City. Fresh off their star-studded...

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Business news • May 02

Warren Buffett says it's important to know which deals not to take (BRK.B:NYSE)

Warren Buffett says today's market feels like “gambling,” urges patience, and shares when to deploy capital.

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Business news • May 02

Buffet tells CNBC "it's all working" with new management at Berkshire Hathaway

Buffet tells CNBC it's all working with new management at Berkshire Hathaway ... -May 02, 2026 at 12:50 pm EDT - MarketScreener.

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Business news • May 02

Jeff Bezos' Property Portfolio Could Fund the Met Gala 100 Times Over

Bezos and his wife, Lauren Sanchez Bezos, will serve as lead sponsors at the 2026 Met Gala, which will cost over $6 million to throw.

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Business news • May 02

Elon Musk went to court. The judge wasn’t amused.

Elon Musk's outsize reputation, provocative remarks and his friction with a federal judge have dominated the trial in his case against ChatGPT-maker OpenAI.

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Business news • May 02

When will gas prices drop? Columbus hovers near $5 as expert predicts relief

Bad news first: The average price for gasoline in Columbus has hit $4.96 a gallon. The good news, maybe? GasBuddy, the website and app that tracks prices...

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Business news • May 02

California to begin ticketing driverless cars that violate traffic laws

Driverless cars are becoming more common in some California cities, but when the autonomous vehicles violate traffic laws, police haven't been able to...

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Business news • May 02

Berkshire Hathaway’s profits double as shareholders gather for annual meeting

The conglomerate that Warren Buffett built released its earnings Saturday as thousands of shareholders streamed into an arena in Omaha, Nebraska.

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Business news • May 02

Berkshire Hathaway's cash surges in Abel's first quarter as CEO

(Bloomberg) -- Berkshire Hathaway Inc.'s cash pile soared to its highest level ever and operating earnings jumped in Greg Abel's first quarter as chief...

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Business news • May 02

Travel plans upended as Spirit Airlines shuts down, leaving passengers scrambling for other options

Saturday's shutdown of Spirit — the pioneering budget airline that reshaped low-cost travel — has stranded thousands of passengers nationwide.

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Business news • May 02

Warren Buffett asked Tim Cook to take a bow in a surprise speech at Berkshire meeting

Warren Buffett trumpeted his Apple bet and invited outgoing CEO Tim Cook to take a bow during Berkshire Hathaway's shareholder meeting on Saturday.

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Business news • May 02

Trump Transportation Secretary Duffy announces relief for Spirit Airlines flyers, employees

Spirit Airlines sudden shutdown prompted Transportation Secretary Sean Duffy to announce a number of relief measures in a Saturday press conference.

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Business news • May 02

The Drama Before the Dress Code: A Met Gala Curtain Raiser

Everything to know about the Met Gala 2026: including the rumored Bezos boycott, Tom Ford's attendance and Meryl Streep not attending.

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Business news • May 02

Berkshire Operating Profits Rose 18% in First Quarter. The Company Bought Back $235 Million of Stock.

Berkshire Hathaway's operating earnings after taxes rose 18% in the first quarter to $11.3 billion on strength in the company's railroad unit and higher...

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Business news • May 02

Berkshire cash pile climbs to $380bn as stock sales streak hits 14th quarter

Berkshire Hathaway continued to sell stocks in its first quarter under the command of new chief executive Greg Abel, pushing its cash pile above $380bn as...

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Business news • May 02

Here’s how Berkshire Hathaway did in its first quarter without Warren Buffett as CEO

Berkshire Hathaway on Saturday reported $11.35 billion in operating earnings and a record cash pile in the first quarter under CEO Greg Abel.

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Business news • May 02

The Cannabis Industry’s New Best Friend? President Trump

The administration's decision to relax federal regulations on medical marijuana comes with big tax breaks for many cannabis companies, and could drive new...

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