Legendary investor Warren Buffett is stepping down as chairman of Berkshire Hathaway, the company said on Friday. “Serving as your Chairman has been the privilege of a lifetime, and I have never taken your trust for granted,” Buffett said in a letter to shareholders. “Father Time always wins. He has,…

American homeowners expecting peak-market valuations are confronting a changing real estate landscape following the Federal Reserve’s latest interest rate decision. Rising borrowing costs are shrinking the pool of qualified buyers, signaling a potential wave of price reductions for sellers seeking to close deals before year-end, real estate insiders told Fox…

California High-Speed Rail Authority officials rubber-stamped hundreds of thousands of dollars in travel charges incurred by outside consultants, according to a new report from the state’s inspector general. The lavish spending revelations come as the $126 billion project has become a national symbol of government waste. Sixteen years after voters…

Toys R Us is launching its biggest U.S. expansion in years, with 120 new standalone stores set to open in time for the holiday shopping season. The retailer announced Thursday that it will open the new standalone stores across the U.S. this holiday season through a partnership with Go! Retail…

Americans celebrating National Cheeseburger Day Friday can score free and discounted burgers at major restaurant chains, including McDonald’s, Burger King, Wendy’s, Five Guys and others. Most of the deals are available through restaurant loyalty programs or mobile apps, and several require a minimum purchase.McDonald’s Members of the MyMcDonald’s Rewards program…

The policy agenda of the Democratic Socialists of America (DSA) would cost between $71 trillion and $212 trillion in fresh spending over a decade, according to a new analysis. The progressive wing of the Democratic Party has had electoral success recently, with some candidates backed by the DSA advancing in…

Executives from American Airlines, United Airlines and Southwest Airlines said Wednesday that higher jet fuel prices are prompting carriers to adjust capacity and closely monitor flight schedules. The global average jet fuel price rose 6.1% week over week to $181.46 per barrel last week, according to the International Air Transport…

President Donald Trump is planning to hold a state dinner next week to mark a visit by Chinese President Xi Jinping, and several tech industry leaders are expected to attend. OpenAI CEO Sam Altman and Apple Executive Chairman Tim Cook are both reportedly planning to attend the state dinner.Nvidia CEO…

While Paramount has yet to announce its official departure from Hollywood, Los Angeles officials are on high alert after Los Angeles Mayor Karen Bass and Attorney General Rob Bonta were told an exit announcement was imminent. While TMZ reported that the statement was expected Tuesday, no announcement has been made.…

A Waymo vehicle struggled to navigate a flooded street in Phoenix this month, becoming stuck for more than 10 minutes in an “AI loop,” according to witnesses. The car was filmed as it hesitantly moved back and forth, at one point almost backing into another car.WAYMO GETS REGULATORY APPROVAL TO…