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Warren Buffett’s Berkshire Hathaway reported a 71% year-over-year increase in operating earnings after taxes, reaching a record $14.5 billion for the fourth quarter. The company’s operating profit rose 27% to $47.4 billion in 2024, up from $37.3 billion in 2023. Buffett attributed the strong performance to improved investment income due to increasing Treasury Bill yields … Read more
The Trump Media & Technology Group (TMTG) has announced plans to set up a fund with “select investors” to explore potential mergers and acquisitions, according to a recent filing. This move comes after the company expanded its business beyond its flagship Truth Social platform, which now also includes a video streaming service, Truth+, and a … Read more
A fundraiser for Mayor Eric Adams has been charged with a kickback scheme involving city contracts, sparking concerns about potential plea negotiations and the mayor’s administration. Weihong Hu, who hosted two fundraisers for Adams’ 2021 campaign, was indicted on public corruption charges, accused of bribing Exodus Transitional Community CEO Julio Medina to secure millions of … Read more
NASA has chosen SpaceX to launch its new space telescope, NEO Surveyor, which aims to detect near-Earth objects (NEOs) and track their orbits and sizes. The spacecraft will be launched on a Falcon 9 rocket in September 2027 from Florida. The $100 million contract is part of the NASA Launch Services II program. NEO Surveyor … Read more
Boeing’s chief executive officer, Kelly Ortberg, has revealed that Elon Musk and his team are helping the company overcome delays in producing the next fleet of Air Force One jets. The planes have been behind schedule for years due to bottlenecks. Ortberg praised Musk’s ability to quickly identify technical requirements that can be adjusted or … Read more
US Senator Elizabeth Warren has invited tech billionaire Elon Musk to testify at an informal hearing on the Consumer Financial Protection Bureau (CFPB) next week, amid his pledge to dismantle the agency she played a key role in creating. The hearing aims to scrutinize Musk’s stance against the CFPB and his decision not to appear … Read more
A significant development in the fight against pancreatic cancer has been made with a phase 1 clinical trial that highlights the potential of personalized mRNA vaccines. The research comes at a critical time, as pancreatic cancer is known for its grim prognosis, with less than 13% of patients surviving beyond five years. The disease is … Read more
Alef Aeronautics Inc., a San Francisco Bay Area company, has successfully conducted a flight test of its flying car in a city environment. The company released video showing the car driving on a road and taking off vertically. The test was conducted with safety measures, including closing the road during the flight test, ensuring no … Read more
Iowa State’s men’s basketball team is set to face a significant challenge as they take on No. 5 Houston at 1 p.m. Saturday from the Fertitta Center, with two key players ruled out due to injury. Senior guards Curtis Jones and Keshon Gilbert will not play, with Jones battling an illness and Gilbert dealing with … Read more