Astrid Buffett was heard at "summer camp for billionaires" complaining about $4 coffee, the New York Post reports. US coffee shops charge an average of nearly $5 per cup of coffee, according to a previous Insider report. Astrid's husband, Warren Buffett, is known to be frugal. He's the 7th-richest person in the world. Astrid Buffett, the wife of billionaire investor Warren Buffett, was overheard at Allen & Co's annual event in Sun Valley, Idaho, griping to resort employees about the price of coffee, the New York Post reports.

https://finance.yahoo.com/news/warren-buffetts-wife-astrid-overheard-172355739.html

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Tesla's CFO Zachary Kirkhorn is leaving the carmaker, the company said in a regulatory filing. Earlier this year, The Wall Street Journal reported Kirkhorn could be Elon Musk's successor at Tesla. Kirkhorn has worked at the electric-car maker for about 13 years. Tesla said its chief financial officer, Zachary Kirkhorn, is leaving the company after working for the electric-car maker for about 13 years. The EV company acknowledged that Kirkhorn, who had served as CFO for about three years, would be replaced by Vaibhav Taneja, Tesla's chief accounting officer, in a filing with the Securities and Exchange Commission that was made public on Monday.

https://news.yahoo.com/tesla-executive-rumored-next-line-140735160.html

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In a lawsuit, a former Corizon CEO describes the company's maneuver as "an old-fashioned bankruptcy fraud scheme." Hundreds of malpractice cases have now been stayed. Hector Garcia, a father of four, collapsed three days into his six-day sentence at the Doña Ana County Detention Center, in Las Cruces, New Mexico. When a corrections officer found him, the former baker was crawling on the floor, vomiting, and moaning in pain. His requests for medical care were ignored. The next day Garcia collapsed again.

https://finance.yahoo.com/news/hidden-investors-took-over-corizon-191639962.html

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China's economy is turning into a big black blob. This transformation means that while the country's economy will still be significant to global business, it will no longer be the lodestar for growth. It will still advance, but much more slowly. And while those on the outside will still be able to observe the economy, it will become increasingly difficult to truly understand what's going on within. The reality of China's blob era pushed its way to the center of the global news cycle earlier this month when the Chinese government announced that it would no longer publish the unemployment rate for young people as part of its monthly jobs report.

https://finance.yahoo.com/news/china-doing-everything-conceal-true-092601591.html

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Elon Musk was subpoenaed as part of a lawsuit against JPMorgan over its ties to Jeffrey Epstein. The subpoena said "Epstein may have referred or attempted to refer" Musk to JPMorgan. Google cofounder Sergey Brin has also been subpoenaed. Elon Musk was subpoenaed by the US Virgin Islands in its lawsuit against JPMorgan over the bank's ties to Jeffrey Epstein. The US Virgin Islands offered only a glimpse into why it was pursuing answers from Musk. The territory's subpoena motion on Monday argued that Musk "is a high-net-worth individual who Epstein may have referred or attempted to refer to JPMorgan.

https://finance.yahoo.com/news/elon-musk-just-subpoenaed-us-212707020.html

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Bill Gates had an affair with a Russian bridge player around 2010, The Wall Street Journal reports. The woman later met Jeffrey Epstein in 2013 and he paid for her to attend a coding camp, per WSJ. Epstein reportedly asked Gates to repay him for the camp in 2017, implying he would expose the affair. Microsoft cofounder Bill Gates had an affair around 2010, The Wall Street Journal reports, and knowledge of the relationship was used by Jeffrey Epstein in a seemingly threatening email to Gates in 2017.

https://finance.yahoo.com/news/jeffrey-epstein-reportedly-threatened-bill-182809850.html

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Following reports that Taylor Swift and Joe Alwyn have split, fans are stopping by her old apartment. Her song "Cornelia Street" references the townhouse and the early days of their relationship. The home has its own indoor pool and multiple private terraces overlooking the Village. Taylor Swift may never walk Cornelia Street again, but that's not stopping fans from visiting her old apartment after reports that she and Joe Alywn have called it quits. "Cornelia Street," the ninth song off Taylor Swift's seventh studio album, "Lover," alludes to an apartment the star once lived in in New York City's West Village, as well as the early days of her relationship with whom many believe to be actor Joe Alwyn.

https://finance.yahoo.com/news/taylor-swifts-iconic-cornelia-street-174614654.html

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JPMorgan is calling employees back to the office — and keeping tabs on attendance. This has reignited a conversation about the bank's surveillance of its employees. Insider breaks down the many ways the largest US bank by assets tracks its workforce. Editor's note: This story was first published in May 2022. It was updated in May 2023 to reflect the bank's latest return-to-office policies. JPMorgan's push to get employees back to their desks is reigniting a conversation about employee surveillance.

https://finance.yahoo.com/news/many-ways-jpmorgan-keeps-tabs-144000130.html

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Hackers backed by North Korea have stolen $3 billion of crypto in five years. They use a variety of elaborate schemes, including posing as employment recruiters, to get access to sensitive info. The stolen crypto is funding 50% of the dictatorship's ballistic missile program, WSJ reported. Hackers employed by North Korea have stolen a massive of sum of cryptocurrency in the last five years, using a range of clever tactics to dupe their targets. The dictatorship has amassed a trove of about $3 billion of crypto in recent years.

https://finance.yahoo.com/news/north-korean-hackers-stolen-3-144248403.html

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Returning 2020 contestant Arthur Gunn beats out this year's Deshawn Goncalves, Alyssa Ray, and Cassandra Coleman in controversial 'American Idol' result. (Photo: ABC)After a two-week hiatus, American Idol returned Sunday and kicked off with the most anticlimactic resolution of the least suspenseful cliffhanger in TV history: when host Ryan Seacrest announced that last season's runner-up, Arthur Gunn, had won the 'Comeback' round and secured a spot in this season's top 10. Yeah, that wasn't exactly a cliffhanger of 'Who Shot J.

https://www.yahoo.com/entertainment/viewers-outraged-after-twist-backfires-single-worst-idea-american-idol-has-ever-had-042451132.html

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against So-Young International Inc. (NASDAQ: SY) on behalf of So-Young stockholders. Our investigation concerns whether So-Young has violated the federal securities laws and/or engaged in other unlawful business practices.Click here to participate in the action.On May 6, 2021, Blue Orca Capital published a report regarding So-Young stating "Lips can be fake. Financials shouldn't be.

https://finance.yahoo.com/news/young-alert-bragar-eagel-squire-021100043.html

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The wealthiest taxpayers have many tools at their disposal to pay less to Uncle Sam. Some tactics, like donating to charity via trusts, might seem far-fetched but are perfectly legal. Lawyers and bankers to the ultra-rich told Insider how these rarified techniques work. Thanks to tax cuts made during the Trump administration, Americans can give or hand down nearly $13 million in assets without paying federal estate tax. Only 0.2% of taxpayers have to worry about this tax, and they hire top-notch accountants and lawyers to pay as little as possible.

https://finance.yahoo.com/news/five-ways-rich-save-big-023512497.html

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Warren Buffett compared AI to the creation of the atom bomb at Berkshire Hathaway's annual meeting. Buffett has long spoken about his fears around nuclear war keeping him up at night. The legendary investor said AI can "change everything in the world except how men think and behave." Warren Buffett compared artificial intelligence to the creation of the atom bomb, becoming the latest high-profile business figure to express alarm about the rapid advancement of the technology. Speaking at Berkshire Hathaway's annual meeting, Buffett was both skeptical of AI's capacity to replace humans and cognizant of how much the technology can already do.

https://finance.yahoo.com/news/warren-buffett-says-ai-creation-113242015.html

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Deloitte executives were questioned about the company's integrity at a public hearing on Monday. During the hearing, Deloitte Australia's CEO Adam Powick admitted to being overpaid. Powick reportedly earns $3.5 million AUD ($2.3 million). The CEO of Deloitte Australia admitted to being "incredibly privileged" for his hefty $3.5 million AUD ($2.3 million) pay packet at a public hearing on Monday, according to various local news reports. Adam Powick – who has served as CEO since April 2021 according to his LinkedIn – attended the hearing alongside three other Deloitte executives, where they were grilled about the integrity of the services provided to the government as well as employee misconduct and salaries.

https://news.yahoo.com/deloitte-australia-ceo-admits-isnt-110511780.html

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A cargo ship carrying 3,000 cars caught fire off the coast of the Netherlands. 23 crew members were evacuated but 1 person died. The ship is still on fire. The cause of the fire is unknown, but the incident is spurring concerns over fire risks from EVs. A massive cargo ship burning off the coast of the Netherlands is igniting concerns over fire risks from electric vehicles. The Fremantle Highway, a 656-foot Panama-flagged ship built in December 2013 was transporting 3,000 vehicles from Germany to Singapore when a fire broke out on Tuesday night just off the Dutch coast, according to Shoei Kisen Kaisha, the ship's Japanese owner.

https://news.yahoo.com/massive-ship-carrying-3-000-092335138.html

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Charlie Munger receives $70,000 a year from a $1,000 purchase he made over 60 years ago. Warren Buffett's right-hand man has likely made over $1 million from oil royalties bought in 1962. Buffett's father also bought oil royalties, and the investor's sister still receives monthly checks. Charlie Munger rakes in $70,000 a year from a $1,000 investment he made six decades ago — and has likely collected over $1 million in total from the lucrative wager. Warren Buffett's business partner disclosed the initial cost of his oil royalties, and what they yield today, during Berkshire Hathaway's annual shareholder meeting on Saturday.

https://finance.yahoo.com/news/charlie-munger-pockets-70-000-185148690.html

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Verizon, Chase, the police — they were all useless when my identity got hacked. Then Psycho Bunny came to the rescue. It was a Friday in July when I first noticed something seemed off. I was spending some time with my family on a gorgeous summer day, swimming and drinking beer and ignoring my phone as much as possible. When I finally checked my notifications, I had two alerts from Verizon. Both contained authorization codes — the kind of security measure they take when you make changes to your account.

https://finance.yahoo.com/news/someone-hacked-phone-stole-credit-100000528.html

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Tesla published its Q1 production and deliveries data Sunday, reporting a record number of deliveries. A series of price cuts initiated by the company in January seem to have increased demand for the EVs. Investors will get a better picture of how the cuts affected the company's finances during an earnings call later this month. Tesla reported a record number of vehicle deliveries for the first quarter of 2023, up about 36% from the first quarter of 2022, as the company pushed to increase sales with a series of price cuts this year.

https://news.yahoo.com/tesla-reports-vehicle-deliveries-35-200510314.html

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Jeffrey Epstein's two private islands in the Caribbean have sold for $60 million. That's less than half the $125 million asking price the islands had when they hit the market last March. Billionaire buyer Stephen Deckoff wants to develop a five-star luxury resort there. Two private islands in the US Virgin Islands that belonged to Jeffrey Epstein just sold for less than half their initial asking price. Stephen Deckoff, the billionaire founder of private equity firm Black Diamond Capital Management, bought the islands for $60 million, Forbes first reported Wednesday.

https://finance.yahoo.com/news/billionaire-bought-jeffrey-epsteins-2-212250890.html

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New data from Knight Frank shows how rich you need to be to make the top 1% in 25 countries. Monaco tops the list. You need $12.4 million to be in the European country's richest 1%. In the US you need $5.1 million. It's $3.3 million in the UK, $1.6 million in the UAE, and $960,000 in mainland China. You need to have a net worth of $12.4 million to be among the richest 1% of people in Monaco, according to a new study. Data from real-estate consultancy Knight Frank's Wealth Sizing Model shows how much net wealth you need to be ranked as part of the so-called "1%" in 25 countries.

https://finance.yahoo.com/news/heres-rich-among-wealthiest-1-014556655.html

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Ray Dalio's neighbor is suing over a renovation project at his family's SoHo residence. The Dalio family is building a penthouse on top of its sixth-floor apartment, the NYT reported. The Dalios' neighbor said in a lawsuit that the project could cause his nearby apartment to collapse. A neighbor is suing billionaire hedge funder Ray Dalio after his family built an addition on top of their New York City apartment. The neighbor says he's worried his own apartment could collapse, the New York Times reports.

https://finance.yahoo.com/news/billionaire-ray-dalios-family-built-183707531.html

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Elon Musk's SpaceX is reportedly looking to fundraise through a new sale of employee shares. The sale could value SpaceX at $150 billion, according to Bloomberg and the Wall Street Journal. Reports put the share price in the $80 range as the company looks to raise about $750 million. SpaceX is considering a new fundraising effort through a sale of employee stock shares, which would value the company at about $150 billion. The round of share sales would reportedly put Elon Musk's space exploration company at about $80 or $81 per share.

https://finance.yahoo.com/news/value-elon-musks-spacex-may-191139598.html

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2 in 3 surveyed investors feel companies with unlimited vacation could beat the S&P 500. Despite this, the four-day workweek emerged as the more likely trend to dominate. Unlimited time off may make little difference to the leave days taken by employees. About two in three investors believe that stocks of companies offering unlimited time off could outperform the S&P 500, according to Bloomberg. Bloomberg's weekly Markets Live Pulse survey took place between August 7 and 11 and reached 1,061 respondents.

https://finance.yahoo.com/news/64-investors-surveyed-feel-unlimited-101550847.html

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Russia's oligarchs are even less likely to turn on Vladimir Putin 18 months after the invasion. Their political influence has waned since it started, and their wealth now depends more on Putin. They're adapting to the sanctions, finding fresh ways to make money and new places for vacations. Right now, Andrey Melnichenko could very well be relaxing on his $300 million yacht in a Dubai port. If he had a drink in hand, it wouldn't be alcoholic — he observes local customs, he told the Financial Times.

https://news.yahoo.com/18-months-putin-invaded-ukraine-083117581.html

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Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Amazon (NASDAQ: AMZN), and Apple (NASDAQ: AAPL) report record earnings. Microsoft (NASDAQ: MSFT) reports its biggest revenue growth in three years. Shopify (NYSE: SHOP) rises on a strong quarter...

https://finance.yahoo.com/m/4b0853b6-4dd2-333c-937c-f90a4af42bbf/earnings-recap%3A-big-tech-and.html?.tsrc=rss

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Swiss prosecutors have launched a probe into the UBS takeover of rival Credit Suisse. Switzerland's Federal Prosecutor is looking into possible breaches of criminal law. The takeover has proved highly unpopular in Switzerland, with a majority wanting UBS split up. Swiss prosecutors have launched a probe into the takeover of Credit Suisse by its arch rival UBS as scrutiny of the highly controversial acquisition intensified, according to a report. Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of Swiss criminal law by government officials, regulators and executives at the banks.

https://finance.yahoo.com/news/swiss-prosecutors-opened-investigation-takeover-151500749.html

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Tesla's profit margins plunged last quarter after the EV maker made aggressive price cuts. On an earnings call, CEO Elon Musk said he'd push ahead with the strategy. Musk could sacrifice short-term profits to grow Tesla's market share. Tesla disappointed its shareholders on April 19 when it revealed how its aggressive price cuts have affected its business. The carmaker started slashing the price of its Model Y SUV and Model 3 sedan in January — and its latest earnings report showed that profit margins have fallen dramatically over the past quarter.

https://finance.yahoo.com/news/cheaper-teslas-hurting-profits-elon-150000305.html

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Dollar General shoppers are pulling back on discretionary purchases, hurting the retailer's earnings. Smaller tax refunds and inflation are some of the reasons why, its CEO said Thursday. Dollar stores have previously fared well during economic shifts. Even the US's largest chain of dollar stores is feeling the pinch as consumers pull back on spending. Dollar General's typical consumer "is under greater pressure than we have seen in quite some time," CEO Jeffrey Owen said on the company's first-quarter earnings call on Thursday.

https://news.yahoo.com/dollar-general-customers-increasingly-looking-031929811.html

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A global battle over cash will decide who rules the world economy The US dollar isn't just for Americans — every country in the world relies on it. The greenback has been facilitating the flow of money and goods around the world for over a century. Buying or selling oil? Usually done with dollars. Countries issuing government debt? Usually the price of those bonds is in US dollars. For generations, the greenback has been the safe haven for investors when markets crash and systems go haywire. The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year.

https://finance.yahoo.com/news/welcome-dollar-war-mdash-global-095400200.html

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Brian Levitt, Invesco Global Market Strategist, joins Live to discuss the outlook on cryptocurrency, big tech, and inflation concerns...

https://finance.yahoo.com/video/inflation-could-create-freak-moment-183149125.html?.tsrc=rss

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