The United Arab Emirates has sold itself to foreigners for years as a sunny, safe, tax-free oasis. That peaceful image was shattered Saturday as Iranian weaponry rained down on Dubai, setting fire to a five-star resort, threatening the world’s tallest building, and killing one person and injuring seven others at the airport in the capital city of Abu Dhabi.
OMAHA, Neb. (AP) – Greg Abel paid tribute to his predecessor Warren Buffett while promising Berkshire Hathaway won’t retreat from investing or make significant changes. Abel said he will always maintain Berkshire’s financial strength but investors shouldn’t look at the company’s $373.3 billion cash as a sign that it’s not interested in new investments.
LONDON (AP) – The U.S. and Israel’s attack on Iran is disrupting flights across the Middle East and beyond, as regional airspaces began closing and tens of thousands of travelers across the globe were stranded.
Not so fast, Paramount. After a long, tumultuous fight for Warner Bros. Discovery, the Hollywood giant has finally bested rival bidder Netflix but now faces a new challenge: Winning over regulators. The competition concerns are big. Paramount’s buyout of Warner Bros. would reshape Hollywood in a way that Netflix never threatened to do.
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected last month. The Labor Department reported Friday that its producer price index, which measures inflation before it hits consumers, rose 0.5% from December and 2.9% from January 2025. Economists had forecast a 0.3% increase for the month and 1.6% year over year.
FRANKFURT, Germany (AP) – Oil markets currently closed for the weekend are set to see price swings next week as the impact from the U.S. and Israeli strikes on oil supplies from the Middle East remains unclear. Scenarios before the latest conflict with Iran foresaw a quick price spike that fades if the attacks didn’t affect oil shipping and infrastructure.
NEW YORK (AP) – In its debut film, Skydance Productions released a special effects-laden World War I drama about fighter pilots with a starring role for an unknown actor, the company’s founder, David Ellison.
NEW YORK (AP) – At least two retail customers pursuing tariff-related refunds have filed proposed class-action lawsuits in U.S. courts against companies that also sued to recoup costs from the import taxes the U.S. Supreme Court ruled President Donald Trump imposed without the legal authority to do so.
ChatGPT maker OpenAI has received $110 billion in funding from Amazon, SoftBank and Nvidia, putting the technology company’s pre-money valuation at $730 billion. Amazon is leading the trio of tech heavyweights in commitments, putting up $50 billion, followed by $30 billion each from Nvidia and SoftBank, said OpenAI co-founder Sam Altman.
°C
