Economy

Gorodenkoff | iStock | Getty ImagesThe cybersecurity world faces new threats beyond targeted ransomware attacks, according to experts at the recent RSA cybersecurity industry conference in San Francisco.Joe McMann, head of cybersecurity services at Binary Defense, a cybersecurity solutions provider, said the new battleground is data extortion and companies need to shift gears to face… […]

Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here.Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched into a lengthy diatribe about the… […]

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn’t lose money in the firm’s collapse.related investing newsThe sudden downfall of SVB in March forced the Federal Deposit Insurance Corp. to seize the bank, selling some of… […]

OMAHA, Neb. — Warren Buffett struck a pessimistic tone about Berkshire Hathaway’s myriad of businesses on Saturday, saying he expects an earnings decline in light of an economic slowdown.”In the general economy, the feedback we get is that, I would say, perhaps the majority of our businesses will actually report lower earnings this year than… […]

Berkshire Hathaway’s annual shareholder meeting on Saturday included dozens of questions spanning topics such as investing strategy, artificial intelligence and politics for the legendary investors at the helm of the conglomerate: Chairman Warren Buffett and Vice Chairman Charlie MungerBut it wasn’t all strictly business. Buffett and Munger — who are 92 and 99 years old,… […]

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.Warren Buffett on Saturday boiled down value investing, the strategy that has helped him amass his wealth, in one sentence.related investing news”What gives you opportunities is other people doing dumb things,” the “Oracle of Omaha” said at Berkshire Hathaway’s annual shareholder’s meeting.Value investing typically refers to… […]

French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp | Getty Images PARIS — France is touting itself as the next artificial intelligence superpower. The Viva Technology conference in Paris last week was buzzing […]

BEIJING — In three years, China’s capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center. This month, the city began allowing tests of robotaxis with human staff inside to run the 40-minute route between a major high-speed train station and a suburban area to its south. That […]

The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Thomas Coex | Afp | Getty Images The oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. […]

RistoArnaudov | Getty Images Research into the humble mushroom — an important dietary staple for many of us — suggests that the waste left over from growing fungi could have a surprising sustainable use. A study by researchers from Utrecht University in the Netherlands found that the residual waste from the cultivation of white button […]