The late Charlie Munger, a revered investment icon, was recently honored through a stunning bronze bust sculpture at the Omaha Marriott during the Berkshire Hathaway annual meeting. This 24-inch tall sculpture became a focal point for guests at the hotel, captivating the attention of Berkshire shareholders and even Munger’s daughter, Wendy, and his longtime executive
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The restaurant industry has been facing a period of sales slump and declining traffic due to a broader consumer slowdown. However, there are a few outliers in the industry that have managed to report strong sales this quarter. Chipotle Mexican Grill, Wingstop, and Sweetgreen are some of the brands that have seen an increase in
SoftBank Group, a Japanese technology investor, is facing challenges as it is expected to report a net loss of 72 billion yen ($462.70 million) for the January-March quarter. This is a significant shift from the 985 billion yen net profit recorded in the previous three months. Despite the success of its core asset, Arm Holdings,
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Fans of the 28 franchise will be thrilled to mark their calendars for June 20, 2025, as the next installment, titled “28 Years Later,” is set to hit theaters on that date. Directed by Danny Boyle and written by Alex Garland, this highly anticipated film is sure to be a hit with audiences around the
The discussions among Federal Reserve officials regarding whether U.S. interest rates are at an optimal level have deepened in recent times. The assessment of high inflation risks is causing concerns among policymakers, prompting them to evaluate the effectiveness of current policy measures in addressing inflationary pressures. Inflation expectations among consumers have seen a notable uptick,
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A recent legal battle between Elon Musk’s X (formerly Twitter) and Israel’s Bright Data involving data scraping has come to an end with a federal judge in California dismissing the lawsuit. X alleged that Bright Data was scraping data from X and selling it, using measures to avoid anti-scraping technology. The lawsuit also claimed violations
McDonald’s is reportedly in the process of rolling out a value meal option in U.S. locations as a response to the increasingly challenging environment for consumers. With mentions of low-income consumers on the rise during company earnings calls, it is evident that people are starting to cut back on their spending habits, particularly in the
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Moderna announced on Friday that the Food and Drug Administration has postponed the approval of its respiratory syncytial virus (RSV) vaccine to the end of May due to what they described as “administrative constraints” within the agency. The decision, which was anticipated to be made on Sunday, has left investors on edge as they await
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Semiconductor Manufacturing International Corporation (SMIC) recently issued a profit warning after its first-quarter earnings fell short of expectations. The company cited intense competition in the chip industry as a primary reason for the decline in profits. According to SMIC, the pricing for commodity products is heavily influenced by market trends, making it challenging for the