(Bloomberg) — Warren Buffett said Elon Musk wouldn't want to come after him in the candy business. Challenge accepted. Musk is “starting a candy company & it's going to be amazing,” he said in a Twitter post Saturday. He was pushing back after Buffett and his business partner Charlie Munger said
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Berkshire Hathaway swung to a loss during the first quarter of this year due to a change in accounting standards. It had warned investors of the charge in a February letter earlier this year. “That (GAAP) requirement will produce some truly wild and capricious swings in our G.A.A.P. bottom-line,” Buffett
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The loss-versus-profit report for the Omaha conglomerate's first three months of the year illustrates what Chief Executive Warren Buffett said is a change in accounting rules that can be confusing to investors. He said he issued the report on Saturday so investors have time to think about the numbers
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… marsquakes on the red planet -It's aboard an Atlas V rocket -It was launched from Vandenberg Air Force Base in California (Source: Bloomberg).
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Dan Ives, GBH Insights chief strategy officer and head of technology research, and Bloomberg Intelligence's Kevin Kelly discuss Alibaba's earnings
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