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By Jonathan Stempel (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates… Source link

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates and… Source link

Amazon (AMZN) continues to redefine its reach with its latest acquisition of health care provider One Medical (ONEM) for $3.9 billion. The e-commerce giant’s latest expansion into the health care sector follows a pattern of purchasing companies that complement its existing digital services, from its acquisition of Whole Foods in 2017 and to its deal with MGM completed this year. “What One Medical has — which I think Amazon likes and there’s a lot of synergy — is they have a subscription… Source link

Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it comes to recession. Michael Pearce, senior U.S. economist at Capital Economics, was even firmer in an email following Friday’s data: “The unexpected acceleration in non-farm payroll… Source link

Warren Buffett knows philanthropy. He’s pledged to give away more than 99% of his wealth (during his lifetime or after his death) through the Giving Pledge, a program he created with his buddy Bill Gates to encourage the world’s billionaires to donate at least 50% of their wealth to charity. Buffett also supports a couple of charities with which he has deeply personal connections, and often does so by unconventional means. In particular: auctions. (For Buffett, seeing how these pan out… Source link

This article is part of our Yahoo DFS Baseball series. On this Saturday, we have MLB action throughout the day. For DFS purposes, I’m focused on the evening slate because that is what Yahoo is also covering. While there are 10 games starting at 7:05 p.m. EDT or later, two of those are the second halves of doubleheaders. That leaves us with eight games to look at. Here are my recommendations. Pitching Carlos Rodon, SF at OAK ($52): Rodon got back on track with his last start by pitching… Source link

California Public Employees Retirement System lessened its stake in shares of Yandex (NASDAQ:YNDX – Get Rating) by 2.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 608,396 shares of the information services provider’s stock after selling 18,352 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Yandex worth $11,523,000 as of its most recent SEC filing. Other… Source link

Just this past month, an article was shared that showed that over 30% of the data used by Google for one of their shared machine learning models was mislabeled with the wrong data. Not only was the model itself full of errors, but the actual training data used by that model itself was full of mistakes. How could anyone using Google’s model ever hope to trust the results if it’s full of human-induced errors that computers can’t fix. And Google isn’t alone with major data mislabeling,… Source link

The Milwaukee Brewers released pitcher Luke Barker this week, and he’s not happy about it. It’s not the fact that he was released that got to him, however. That happens in baseball all the time. It was that he was designated for assignment and released just hours after he underwent Tommy John surgery. “Unfortunately, this means my time as a member of the Milwaukee Brewers organization has come to an end,” he wrote on Twitter on Thursday night. “I’ll let others decide whether… Source link

Three days after news of the death of Vin Scully was reported, Dodger Stadium finally got its chance to say goodbye to the titan of baseball broadcasting that spent so many decades in its broadcasting booth. Ahead of Friday’s showdown with the San Diego Padres, the Dodgers held a ceremony celebrating Scully’s life and career, starting with a moment of silence before airing a video obituary looking back on some of the broadcaster’s finest moments. After a montage featuring “Somewhere Over The… Source link