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Greg Abel praises Warren Buffett and promises Berkshire Hathaway won't retreat from investing

OMAHA, Neb. (AP) — Greg Abel paid tribute to his predecessor Warren Buffett while promising in his first shareholder letter that Berkshire Hathaway won’t retreat from investing or make significant changes in the way it operates.
Abel said he will always maintain Berkshire's financial strength but investors shouldn't ... (full story)


Netflix walks away from Warner Bros deal, clearing the path for Paramount

NEW YORK (AP) — Netflix is walking away from its offer to buy Warner Bros. Discovery’s studio and streaming business, in a stunning move that effectively puts Paramount in a position to take over its storied Hollywood rival.
On Feb. 26, Warner’s board announced that Skydance-owned Paramount’s latest offer ... (full story)


The Strike Price

Q. What's a "strike price" in relation to a stock option? -- B.N., Folly Beach, South Carolina
A. It's the price at which the option (which gives you a right to purchase stock before a certain date) can be exercised. Imagine that you work for Scruffy's Chicken Shack (ticker: BUKBUK) and receive 100 stock options with a ... (full story)


Bloomberg Philanthropies Mayors Challenge winners use AI and resident input to improve city services

Bloomberg Philanthropies Mayors Challenge winners use AI and resident input to improve city services

The winners of this year’s Bloomberg Philanthropies Mayors Challenge created innovative projects to improve their cities’ core services – many using some combination of artificial intelligence and the wisdom of their residents.
That’s what South Bend, Indiana, Mayor James Mueller did with his initiative t ... (full story)


Income low enough to avoid a tax return? Check your refundable credits

About 1 out of 5 people eligible for the earned income tax credit (EITC) missed out on getting a "check in the mail" from the U.S. Treasury between tax years 2014 and 2022. Why? They did not claim the credit (tinyurl.com/36tjp3h7). As a longtime proponent of financial literacy education, that bothers me.
The EITC &quo ... (full story)