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- How K-beauty went from a viral trend to an economic powerhouse
Inside the K-beauty industry that has made South Korea a major player in worldwide beauty market. ...[TheTopNews] Read More.3 hours ago - Berkshire Hathaway shares drop as Warren Buffett era ends after 60 years as CEO with Greg Abel takin...
Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run.The 95-year-old officially stepped down on Thursday, and successor Greg Abel, who started at Berkshire in 2000 and served as vice chairman of its board of directors, took over on Friday.In afternoon trading on Friday, Class A shares of Berkshire Hathaway had fallen 1.5% by 3 p.m. ET.In Warren’s last year as CEO, the conglomerate gained 10.9%, according to CNBC.BUFFETT SPARKS UNITEDHEALTH'S BIGGEST WEEKLY STOCK SURGE IN 16 YEARS"Berkshire has less chance of a devastating disaster than any business I know," Buffett wrote in a parting letter to shareholders in November. "And, Berkshire has a more shareholder-conscious management and board than almost any company with which I am familiar (and I’ve seen a lot)." He added, "Berkshire will always be managed in a manner that will make its existence an asset to the United States and eschew… ...[TheTopNews] Read More.4 hours ago - Israeli tech CEO calls on US govt to ‘limit’ First Amendment,’ take control of soc...Israeli billionaire tech entrepreneur and Cato Networks co-founder Shlomo Kramer argued on Monday’s episode of CNBC’s "Money Movers" that governments must restrict freedom of speech in the age of AI.Israeli Prime Minister Benjamin Netanyahu met with President Donald Trump Monday at his Mar-a-Lago estate, weeks after a top Israeli defense official warned the world is soon to face its first cyber-based war. This meeting between Trump and Netanyahu comes amid growing debate within some conservative circles over the scope of American backing for Israel and the direction of U.S. foreign policy in the Middle East. Netanyahu has referred to social media as a new weapon in the modern age."How is AI cyber warfare shaping geopolitics right now?" CNBC host Sara Eisen asked Kramer.Kramer emphasized that artificial intelligence is already revolutionizing cyber warfare, ranging from critical infrastructure to the fabric of society and politics, arguing that it is undermining it. He… ...[TheTopNews] Read More.4 hours ago
- Sprinkles Cupcakes, the Bakery That Sold From A.T.M.s, Closes Suddenly
The boutique chain’s co-founder, Candace Nelson, said that the business had ceased operations at year’s end. It was sold to a private equity firm more than a decade ago. ...[TheTopNews] Read More.4 hours ago - Saks C.E.O. Steps Down as Company Struggles to Pay Down DebtSaks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman. ...[TheTopNews] Read More.5 hours ago
- Bill Ackman slams California wealth tax as ‘expropriation’ of private propertyBillionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried.Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved by voters, would impose a one-time 5% tax on the assets of California residents worth more than $1 billion."I am opposed to wealth taxes because they effectively represent an expropriation of private property and have many unintended and negative consequences that have occurred in every country that has launched such a tax," Ackman said in the post.The proposal comes as California faces a projected $18 billion deficit for fiscal year 2026-27, according to the state’s Legislative Analyst’s Office.GOLF LEGEND PHIL MICKELSON LAMENTS CALIFORNIA GAS PRICES, PRAISES GOV CANDIDATE SUPPORTING OFFSHORE DRILLING"With respect to California’s budget problem, the issue is not a… ...[TheTopNews] Read More.7 hours ago
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