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Disney names CTO for the first time as media giant expands tech push
Source: CNBC
Original reporting
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BBC Business3 outlets
Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'
‘Father Time always wins,’ Buffett, 96, says as his son, Howard, steps in as the $1tn conglomerate’s new chair Warren Buffett is stepping down as chair of Berkshire Hathaway, the company that he took from a faltering textile manufacturer into a $1tn conglomerate over the course of 60 years. Buffett’s son, Howard, 71, will take over as chair. Buffett, 96, cited his age as the main reason behind the transition, noting that he has a one-year-old great-grandchild who is “moving a bit faster than I am these days”. Continue reading...
BBC Business
Ryanair boss Michael O'Leary apologises over 'high-fare rapists' remarks
O'Leary described his choice of language as "careless" and said "it won't happen again".
CNBC
Nike parts ways with Kylian Mbappé, soccer superstar signs with On
Mbappe had been signed with Nike for roughly two decades, and his agreement with On is the first it has made with a soccer player.
CNBC
Fed staff should have known Silicon Valley Bank was vulnerable, new report finds
Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.
CNBC
Three words from Kevin Warsh have Wall Street wondering how far the Fed will go with rate hikes
The chairman both explained this week's decision to raise interest rates, and raised vexing questions about what comes next
CNBC
We're buying more of this defensive stock ahead of an upcoming long-term catalyst
The stock has been on a tough road since our initiation at the beginning of the month.