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Warren Buffett says AI may be better for scammers than society. And he’s seen how
Warren Buffett has come face to face with the downside of AI. And it looks just like him. The billionaire investing guru told tens of thousands of shareholders at his annual conference in Omaha that he recently saw an AI video of himself, complete with a perfect voiceover, giving fake advice.
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Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
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Boeing locks out its private firefighters around Seattle over pay dispute
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Warren Buffett’s company rejects proposals, but it faces lawsuit over how it handled one last year
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US employers scaled back hiring in April. How that could let the Fed cut interest rates
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Topics
Financial Markets
Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
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Stock market today: Asian shares advance ahead of US jobs report
Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high
Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
Personal Finance
140,000 people did their taxes with the free IRS direct file pilot. But program’s future is unclear
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How US changes to ‘noncompete’ agreements and overtime pay could affect workers
Surging auto insurance rates squeeze drivers, fuel inflation
Airlines will now be required to give automatic cash refunds for canceled and delayed flights
Economy
Europe’s economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease
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Japan’s currency falls to its weakest since 1990 against the dollar as the yen keeps yelping
JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
Stock market today: Asian benchmarks mostly climb despite worries about US economy
Tech
The bystander’s role is changing in the era of livestreaming. North Carolina’s standoff shows how
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Trump Media’s newly hired auditing firm was just busted by the SEC for ‘massive fraud’
Democratic officials criticize Meta ad policy, saying it amplifies lies about 2020 election
French cyberwarriors ready to test their defense against hackers and malware during the Olympics
More news
Angel Reese, Cardoso debuts watched widely on fan’s livestream after WNBA is unable to broadcast
The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league’s app couldn’t broadcast the game.
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I-95 overpass in Connecticut scorched during a fuel truck inferno has been demolished
Workers have demolished a bridge over a Connecticut highway that was damaged in a fiery crash involving a gasoline tanker truck.
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Madonna’s biggest-ever concert transforms Rio’s Copacabana beach into a massive dance floor
The performance Saturday night was the last show of The Celebration Tour, her first retrospective, which kicked off in October in London.
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Boeing is on the verge of launching astronauts aboard new capsule, the latest entry to space travel
Boeing is finally poised to launch astronauts to the International Space Station for NASA after years of delays and stumbles.
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South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops
South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdrops.
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Cyclone Hidaya weakens as it moves toward Tanzania’s coastline, officials say
Tanzania’s meteorology department says Cyclone Hidaya has significantly weakened as it approaches Tanzania’s coastline.
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Hawaii lawmakers wrap up session featuring tax cuts, zoning reform and help for fire-stricken Maui
Hawaii lawmakers are wrapping up a legislative session that heavily focused on addressing Maui’s needs after last year’s deadly Lahaina wildfire.
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Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer
Arizona’s new heat officer said Friday that he is working with local governments and nonprofit groups to open more cooling centers and ensure homes have working air conditioners in a more unified effort to prevent another ghastly toll of heat-related deaths this summer.
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Swiss company to build $184 million metal casting facility in Georgia, hiring 350
A Swiss company will build a plant in Georgia to make lightweight parts cast from metal for vehicles and energy generation.
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Safety lapses contributed to patient assaults at Oregon State Hospital, federal report says
A federal report says safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults.
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Gambling bill to allow lottery and slots remains stalled in the Alabama Senate
A proposal to authorize a state lottery and allow casinos with slot machines, but not table games, at seven locations remains stalled in the Alabama Legislature.
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Boeing threatens to lock out its private firefighters around Seattle in a dispute over pay
Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle.
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MLB and Nike announce 2025 uniforms will have larger jersey lettering and custom-fit pants
Major League Baseball uniforms will have larger lettering on the back of jerseys and individual pant customization will be available to all players beginning in 2025.
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How major US stock indexes fared Friday, 5/3/2024
Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month.
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Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery fell 84 cents to $78.11 per barrel Friday. Brent crude for July delivery fell 71 cents to $82.96 per barrel.
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Three groups are suing New Jersey to block an offshore wind farm
Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.
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Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers
The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients.
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Self-exiled Chinese businessman’s chief of staff pleads guilty weeks before trial
The chief of staff of a Chinese businessman sought by the government of China has pleaded guilty to conspiracy charges weeks before her boss goes to trial in New York in a fraud case.
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Apple, Amgen rise; Expedia, Fortinet fall, Friday, 5/3/2024
Stocks that traded heavily or had substantial price changes Friday: Apple, Amgen rise; Expedia, Fortinet fall.
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Google, Justice Department make final arguments about whether search engine is a monopoly
The government and Google are making their closing arguments in a high-stakes antitrust trial to a federal judge in Washington who must now decide whether the tech giant’s search engine constitutes an illegal monopoly.
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