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Read Warren Buffett’s annual Thanksgiving letter for 2025—his final one to shareholders

Warren Buffett has officially signaled the end of an era. In a move that marks the closing chapter of his historic tenure, the 95-year-old Oracle of Omaha released a letter to Berkshire Hathaway shareholders earlier this month that outlines his departure as CEO and the cessation of his legendary annual reports. While families across the … Read more

Foxconn highlights growing AI ambitions at annual tech event

The entrance to a Foxconn construction site in Mount Pleasant, Wisconsin, in May 2019. Katie Tarasov | CNBC Foxconn showcased its push into artificial intelligence at its annual ‘Hon Hai Tech Day’ in Taiwan on Friday, underscoring the world’s largest contract manufacturer’s efforts to evolve beyond its role as the biggest assembler of Apple’s iPhones.  … Read more

Singapore raises annual growth forecast as third-quarter GDP tops expectations

People cycle along a track backdropped with the city skyline in Singapore on June 27, 2025. Roslan Rahman | Afp | Getty Images Singapore raised its 2025 economic outlook Friday after stronger growth in the third quarter, but warned that expansion is likely to cool in 2026 as the U.S. tariffs weigh on global demand. … Read more

OpenAI says it plans to report stunning annual losses through 2028—and then turn wildly profitable just two years later

OpenAI is plotting a dramatic arc toward profitability through the end of the decade, but that growing won’t come without some pain. The company reportedly expects to rack up massive annual losses each year, including roughly $74 billion in operating losses in 2028 alone, then pivot to meaningful profits by 2030, according to financial documents … Read more

AMD’s Su sees 35% annual sales growth driven by ‘insatiable’ AI demand

Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc. (AMD), during a Bloomberg Television interview in San Francisco, California, US, on Monday, Oct. 6, 2025. David Paul Morris | Bloomberg | Getty Images AMD shares swung on Tuesday after CEO Lisa Su said the company’s overall revenue growth would expand to about … Read more

Credit card companies are jacking up annual fees for airport lounges

For every passenger trying to decide if a $17 slimy ham and cheese croissant and their phone’s 34% remaining battery will sustain them for a four-hour layover, there’s someone smugly sipping a complimentary gin and tonic in a secret luxury lounge. Once a refuge for frequent business travelers, airport lounges are increasingly becoming more popular … Read more

Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44% over the past decade to reach $4 billion in 2025. The executive that’s steering those investments is Hari Gopalkrishnan, a 14-year veteran who was promoted to serve as the chief technology and information officer in … Read more

After cuts to food stamps, Trump administration ends government’s annual report on hunger in America

The Trump administration is ending the federal government’s annual report on hunger in America, stating that it had become “overly politicized” and “rife with inaccuracies.” The decision comes two and a half months after President Donald Trump signed legislation sharply reducing food aid to the poor. The Congressional Budget Office has estimated that the tax and spending … Read more

How to maximize travel credit card benefits with high annual fees

American Express announces the new platinum business card. Courtesy: American Express As issuers push annual fees higher for some premium travel rewards credit cards, experts say it’s important for consumers to consider if such cards are worth the cost. On Thursday, American Express announced that consumer and business versions of its Platinum credit card will … Read more

Trump imposes $100,000 annual fee for H-1B visas and unveils $1 million ‘gold card’

President Donald Trump on Friday signed a proclamation that will require a $100,000 annual visa fee for highly-skilled foreign workers and rolled out a $1 million “gold card” visa as a pathway to U.S. citizenship for wealthy individuals, moves that face near-certain legal challenges amid widespread criticism he is sidestepping Congress. If the moves survive … Read more

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