OMAHA, Neb. (AP) — Warren Buffett’s company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss Saturday […]

NEW YORK (JTA) – Jewish groups thought Elon Musk was listening to them about antisemitism on Twitter. Then Kanye West came back. In the week after the rapper who now goes by Ye lost most of his endorsements due to his antisemitic rants, and amid an apparent uptick in broader antisemitic content on the platform, the Anti-Defamation […]

SAN FRANCISCO (AP) — Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the platform’s verification system just ahead of U.S. midterm elections. In an update to Apple iOS devices available in the U.S., Canada, […]

NEW YORK (AP) — Amazon is pausing hiring for its corporate workforce, the latest move by the company to cut costs amid worries about the wider economic environment. Company executives have decided to halt “new incremental hires” for the entire corporate workforce and anticipate the pause to be in place for a few months, Beth […]

Company says it created its own mini-grid with solar panels everywhere and switched its fleet to all-electric, as other firms also eye ways to go net zero on carbon emissions

(AP) – Oil companies brought in record profits once again as people worldwide struggled with high gasoline and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in $19.66 billion in net income. The Irving, Texas company said Friday that it booked $112.07 billion in revenue during the quarter, more […]

(AP) – Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk ousted three top Twitter executives on Thursday, according to two people familiar with the deal who said he was […]

LITTLE ROCK, Ark. (AP) — Free-speech advocates asked the Supreme Court on Thursday to overturn a federal appeals court ruling that upheld an Arkansas law requiring state contractors to pledge not to boycott Israel. Contractors that don’t sign the pledge must reduce their fees by 20%. Republican legislators who drafted the 2017 law have said […]

DETROIT (AP) — Tesla reported Wednesday that its third-quarter profit more than doubled from a year ago, fueled by higher vehicle sales. The Austin, Texas, electric vehicle and solar panel maker said it earned $3.29 billion from July through September. Excluding special items, the company made $1.05 per share, beating Wall Street estimates of $1 […]

WASHINGTON (AP) — Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation. For couples who file jointly for tax year 2023, the standard deduction increases to […]