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Business

US billionaire Warren Buffett hit by $63b loss

One of the richest men alive has seen his company suffer a whopping $US43.76 billion ($A63.3 billion) loss as a result of the bloodbath on the share market.

The billionaire Warren Buffett is one of the most successful investors of all time and has a net worth of $US102 billion ($A147 billion).

But there owner of Berkshire Hathaway was forced to reveal the brutal loss after its three biggest investments – shares in Apple, American Express and Bank of America – plummeted in the second quarter amid rising interest rates and runaway inflation.

But Mr Buffett isn’t a fan of relying on investments gains and losses, which can swing wildly from quarter to quarter.

Instead, he said the company’s operating earnings better reflect its performance.

Berkshire’s earning painted a far rosier picture skyrocketing to $US9.28 billion ($A14 billion), from last year’s $US6.69 billion ($A9.7 billion).

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Among the 90 companies operated under Berkshire, including insurance, utility, manufacturing and service companies as well as a railway firm, a $US487 million ($A703 million) loss was reported at insurance company Geico, due to the soaring value of cars and ongoing shortages of car parts.

Berkshire is believed to give an insight into how the broader US economy is faring given the broad scope of companies across industries, amid fears the US could be headed into a recession.

“This is a business that has its tentacles in all different parts of the economy. To show such broad revenue and earnings strength throughout the franchise, it gives me a lot of confidence that the broader economy is performing pretty well,” said Jim Shanaham, analyst at investment firm Edward Jones reported the Australian Financial Review.

The company revealed its revenue grew by more than 10 per cent to $US76.2 billion ($A110 billion) in the quarter as many of its businesses increased prices.

Earlier this year, the billionaire had to backflip on his staunch stance against cryptocurrency in an embarrassing concession.

The businessman was a well-known proponent against blockchains and compared bitcoin – the most popular cryptocurrency – to “rat poison” in 2018.

But in a filing with the US Securities and Exchange Commission (SEC) from Mr Buffettt’s company Berkshire revealed that he had spent a whopping US$1 billion (A$1.4 billion) on cryptocurrency.

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Categories
Business

Elon Musk reignites bitter feud with US politician Alexandria Ocasio-Cortez

Elon Musk has said US politician Alexandria Ocasio-Cortez (AOC) has “great taste in lipstick” in an apparent reignition of his feud with the New York Congresswoman.

The Tesla CEO made the remark on a podcast called full-sendin which several co-hosts made comments about the 32-year-old politician’s appearance.

Two of the co-hosts called AOC “attractive,” then another said the New York Democrat was “all right,” the new york post reports.

Musk then chimed in, saying, “Yeah, great choice of lipstick I think. Great taste in lipstick, I mean, that’s my observation. That’s a genuine compliment.”

Musk then added, “Tell me I’m wrong,” before sipping an alcoholic seltzer and laughing alongside the podcast hosts.

AOC’s office did not immediately respond to a request for comment on Musk’s remarks.

The world’s richest man has a history of sparring with Ms Ocasio-Cortez.

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In April, the politician tweeted: “Tired of having to collectively stress about what explosion of hate crimes is happening bc some billionaire with an ego problem unilaterally controls a massive communication platform.”

Musk responded: “Stop hitting on me, I’m really shy.”

Ms Ocasio-Cortez then said that she’d been referring to Facebook founder Mark Zuckerberg – not Musk – then deleted the tweet.

She later posted a screenshot of her back-and-forth with Musk with a shrugging emoji and the caption: “Like I said, ego problems.”

Then in May, she said she was looking to ditch her Tesla Model 3, which she bought in 2020 for commutes between her New York City district and Washington DC She said she was looking to buy a car from a company that uses union labor.

“At the time, it was the only EV [electric vehicle] that could get me from New York to Washington on like one, or one-and-a-half charges,” she said of her Tesla. “I would love to switch.”

Musk, meanwhile, posted a Twitter poll asking his followers whether they have more trust in billionaires or politicians.

His followers chose billionaires – and Musk dared Ms Ocasio-Cortez to run the same poll with her own followers.

The Tesla CEO recounted the exchange on last week’s podcast episode, saying that Ms Ocasio-Cortez “was like coming after me or some bulls**t, I don’t know”.

“She was saying billionaires are evil and you’re a billionaire therefore you’re evil,” Musk said. “And I was like, well you’re a politician.

“People in glass houses shouldn’t throw stones,” he added.

This article originally appeared in the New York Post and was reproduced with permission

Read related topics:Elon Musk US Democratic Party

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Categories
Sports

Nick Faldo breaks down in live TV commentary farewell, CBS, PGA Tour Wyndham Championship scores, result

Golf legend Nick Faldo was reduced to tears and barely able to speak as he signed off on his 16-year career commentary in an emotional live TV segment.

The six-time major winner is leaving CBS and the Golf Channel and plans to focus on running his Montana farm and other business.

Faldo, 65, was a blubbering mess as he attempted to give his final address sitting alongside fellow CBS analysts Jim Nantz, Ian Baker-Finch and Frank Nobilo after the Wyndham Championship at Sedgefield Country Club

“I blew it,” he said, struggling to compose himself. “I was already…”

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Faldo wept before finally stringing an emotional sentence together: “So I was on a boat in Ireland… They gave me a call and said, ‘How would you like to sit next to Jim Nantz?’ I literally fell out of the boat. I really did. That was 2006, and here we are, 16 years later.”

Australian Baker-Finch and New Zealander Nobilo paid tribute to Faldo before the Englishman uttered an emotional final line.

“I’m a single child and at 65 I found three brothers, thank you,” he said.

Meanwhile South Korean Kim Joo-hyung fired a stunning nine-under par 61 to win the Wyndham Championship, his first US PGA Tour title, and secure his spot in the season-ending playoffs.

Kim’s outstanding effort at Sedgefield Country Club, where the 20-year-old played the first nine holes of the final round in eight-under, capped a remarkable week that opened with his quadruple bogey eight at the first hole on Thursday.

“It’s definitely a week I’ll remember forever,” Kim said after his 20-under total of 260 gave him a five-stroke victory over fellow South Korean Im Sung-jae and American John Huh.

“I can’t believe it — I’m speechless right now,” Kim said, his emotions finally showing after a round in which he looked in supreme control.

“I’ve worked really hard to get to this point,” he said, his voice cracking. “Just walking off that 18th green, just thinking about the behind the scenes work.

“It was a hard day. I didn’t know golf was this stressful,” added the player who goes by the nickname Tom in a nod to his childhood love of Thomas the Tank Engine.

Cameron Percy was the best-placed Australian, finishing tied eighth, nine shots off the lead.

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Categories
Sports

Jiu-jitsu legend shot, how did he die?

Legendary Jiu-jitsu fighter Leandro Lo was fatally shot at a concert in Sao Paulo, Brazil, according to reports.

A lawyer for the Brazilian Jiu-jitsu world champion confirmed that his client, 33, died after being declared brain-dead from the shooting, according to a report by MMA Fighting.

The killing allegedly took place during a confrontation between Lo and Police Officer Henrique Otávio Oliveira Velozo, the outlet reported.

Witnesses said Velozo grabbed a bottle from Lo’s table and that the fighter took the cop down and held him, according to the outlet, citing a police report.

MMA Fighting reports after the pair were separated, Velozo allegedly pulled out a gun, firing a round into Lo’s forehead.

Lo had dominated the sport since 2011, winning eight World Championship titles – which made him one of the most decorated Jiu-jitsu fighters of all time. Just earlier this year, he won another World Championship in California.

Tributes came flooding in after the shock news of his death.

“A very sad day for the BJJ community,” analyst and former UFC fighter Kenny Florian tweeted. “Leander was a legend.”

Combat sports analyst Luke Thomas tweeted: “Oh my god.”

UFC commentator John Gooden tweeted: “Saddened to hear about the tragic loss of Leandro Lo. One of the greatest Jiu-jitsu players ever. Absolutely tragic. My condolences to his family and friends of him.”

This article first appeared on the New York Post and was reproduced with permission

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Categories
Entertainment

Kesha wears see-through dress on date night with mother | Photos

Kesha has stepped out in a completely see-through outfit for a dinner date with her mother.

The US singer, 35, dressed down for a dinner in Santa Monica, California with mum Pebe Sebert, where she was seen wearing a daring, sheer black dress.

the tik tok songstress was photographed in the risque long-sleeve ensemble, which featured sheer fabric, exposing her bare chest and a black G-string.

At one stage, Kesha put on a coat while posing for waiting photographers with her mother, who looked glamorous in a billowing white kaftan.

The mother-daughter duo had enjoyed an intimate dinner at the popular Giorgio Baldi restaurant in the California city.

Kesha, who’s last music release was in 2020 with her fourth album High Roadhas recently been busy promoting her new TV series, Conjuring Kesha.

She made an appearance at Comic-Con in San Diego last month to talk about the show, which follows the singer on her quest to explore haunted houses and locations.

speaking with comicbook.comKesha said making the eerie show “changed [her] entire life.”

“Making this show genuinely changed my entire life, because I’ve had these paranormal experiences and I think intuitively I knew they were real, but also questioned if other people had these experiences,” she said.

“All I know is that I absolutely am open to the possibility of it all. I think it’s shortsighted to say anything for sure doesn’t exist.”

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Categories
Entertainment

Little Mix star Jade Thirlwall rattled by woman’s foot act on plane

Passengers have to put up with a lot of things on flights, but if there is one thing that no one should have to deal with, it’s bare feet in your face.

Whether it’s near you or in your peripheral vision it’s an act that happens unfortunately all too often.

The latest traveler to be confronted by another flyer’s feet was Little Mix star Jade Thirlwall – and she was so shocked by what she had witnessed on a flight, she recorded a TikTok and shared it with her 1.9 million TikTok followers to also feel her pain.

“Breathtaking views at 38,000 – feet,” she British singer captioned the video.

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Jade filmed herself looking stunned before flipping the phone to show a woman a few rows in front with her leg stretched so high, her foot was touching the overhead locker.

In the two days since she posted it, it has already clocked almost five million views and over 13,000 comments with many grossed out by the act.

“I’d be screaming if I’d seen this,” one person wrote.

“I want to cry,” said another, while a third yelled: “WHY DID SHE START POINTING THEM?”

One user described it as “absolutely foul”.

“People are so wrong on a plane – morals, manners and politeness go out the window.”

Others were more concerned for Jade.

“I hope you are OK after experiencing this Jade,” one person joked, to which the star responded: “A little rattled but I’m OK hun.”

“Imagine you did this in a plane and ended up on Jade Thirlwall’s TikTok,” another said.

A cabin crew member also chimed in saying it is her “greatest fear”.

“’Madam, please may you remove your toes from the ceiling?’” she joked.

Others complimented the woman on her manicured toes while some wished they were “that flexible”.

“I’d be p**sing myself trying not to laugh,” one user added.

Some couldn’t believe the man sitting next to her was completely unfazed.

“The fact the person next to them is talking to them like this is a normal occurrence,” they wrote.

However, as much as the passenger’s foot act was the center of attention, fans also couldn’t help but applaud the singer for sitting in economy, particularly given her popular and successful British band Little Mix has a net worth of £48 million ($ A83 million), according to The Sunday Times Rich List 2020.

“Humble queen not flying private,” one fan commented.

“Imagine being on the same plane as Jade Thirlwall,” another wrote.

It is unclear where Jade was flying to or from, but it comes after she had her phone stolen in Ibiza.

“Shoutout to whoever stole my phone. Not having one for a little while was truly bliss. Anyways, here’s me being a basic b**ch in Ibiza a cutla weeks ago,” she said in an Instagram post alongside a selfie on the party island.

It appears Jade is no stranger to flying on commercial flights.

“I was sat next to her in the airport and didn’t want to bother her for a pic. Regretted it ever since,” one fan wrote.

As for the bare feet, it’s also not the first time something like this has happened.

In May, a passenger was left horrified when another flyer shoved their bare feet onto their seat’s armrest during a flight.

The traveler was flying from Melbourne to Adelaide when the incident occurred

A video shows a person looking at the camera in horror before zooming in on the bare feet poking through from the seat behind and on the armrest.

The passenger then appears to notice they are being filmed and quickly whips their feet back.

Experts have also warned travelers to never be barefoot on a plane.

California-based podiatrist Ebonie Vincent, who is also behind the US TV series, My Feet Are Killing Mesaid that being barefoot leaves travelers exposed to bad bacteria.

Read related topics:TikTok

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Categories
Entertainment

Mike Tyson slams Hulu for ‘stealing’ life story: Boxing news 2022

Hulu is one streaming service Mike Tyson almost certainly won’t use.

the new york post reports that in a series of social media statements, the legendary boxer is alleging Hulu stole his life story without compensation and is angry about the upcoming show, Mikethat chronicles his life.

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“Don’t let Hulu fool you. I don’t support their story about my life,” the 56-year-old Tyson wrote on Instagram. “It’s not 1822. It’s 2022. They stole my life story and didn’t pay me. To Hulu executives I’m just a (N-word) they can sell on the auction block.”

In a caption on that Instagram post, Tyson wrote: “Hulu is the streaming version of the slave master. They stole my story and didn’t pay me.”

Tyson went over to Twitter and made similar comments, writing that “Hulu’s model of stealing life rights of celebrities is egregiously greedy”. I added: “Hulu stole my story. They’re Goliath and I’m David. Heads will roll for this.”

While it’s not uncommon for biopics to be made without the subject’s approval, Tyson had a similar take when the show was first ordered in February of 2021.

“To make this announcement during Black History Month only confirms Hulu’s concern for dollars over respect for Black story rights,” he said at the time.

“Hollywood needs to be more sensitive to Black experiences especially after all that has transpired in 2020.”

Tyson also tweeted on the weekend in support of UFC president Dana White.

“Hulu tried to desperately pay my brother Dana White millions without offering me a dollar to promote their slave master take over story about my life,” the boxer said.

“I have turned it down because I honor friendship and treating people with dignity. I’ll never forget what he did for me just like I’ll never forget what he Hulu stole from me. ”

Tyson announced in March of 2021 that his “authorized story” was being developed, with Jamie Foxx starring as the boxer and filmmaker Martin Scorsese producing the film.

Executive producers of the upcoming Hulu show, Steven Rogers and Karin Gist, addressed Tyson’s criticism this week, saying they were unable to talk to him because his rights were already taken.

“We just wanted to tell an unbiased story and have the audience decide what they think or feel,” Gist said. “Challenging what people think they know about Mike and hoping that they come away from the series with something else to think about.

“Whether you like him or hate him, does the story make you question how complicit society has been? That was the intention, that was the North Star for the writers’ room as we were crafting stories.”

Rogers added: “I would hope that if he watches it that he would change his opinion.

“For me, as a writer, as a storyteller, I don’t really like to be reliant on just one source. I really like to do the research and get all these different opinions and then put a story around all of that. I don’t like to be holden to just one person.”

Tyson responded to the producers, staying on the attack.

“They say this story is an exploration of a Black man. It’s more like an exploitation of a Black man,” the former heavyweight champion said.

“Hulu thinks their tracks are covered by hiring Black sacrificial lambs to play the part as front men for their backdoor robbery is appalling. I will always remember this blatant disregard of my dignity.”

This article first appeared on the New York Post and was reproduced with permission

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Categories
Entertainment

Little Mix star Jade Thirlwall rattled by woman’s foot act on plane

Passengers have to put up with a lot of things on flights, but if there is one thing that no one should have to deal with, it’s bare feet in your face.

Whether it’s near you or in your peripheral vision it’s an act that happens unfortunately all too often.

The latest traveler to be confronted by another flyer’s feet was Little Mix star Jade Thirlwall – and she was so shocked by what she had witnessed on a flight, she recorded a TikTok and shared it with her 1.9 million TikTok followers to also feel her pain.

“Breathtaking views at 38,000 – feet,” she British singer captioned the video.

Jade filmed herself looking stunned before flipping the phone to show a woman a few rows in front with her leg stretched so high, her foot was touching the overhead locker.

In the two days since she posted it, it has already clocked almost five million views and over 13,000 comments with many grossed out by the act.

“I’d be screaming if I’d seen this,” one person wrote.

“I want to cry,” said another, while a third yelled: “WHY DID SHE START POINTING THEM?”

One user described it as “absolutely foul”.

“People are so wrong on a plane – morals, manners and politeness go out the window.”

Others were more concerned for Jade.

“I hope you are OK after experiencing this Jade,” one person joked, to which the star responded: “A little rattled but I’m OK hun.”

“Imagine you did this in a plane and ended up on Jade Thirlwall’s TikTok,” another said.

A cabin crew member also chimed in saying it is her “greatest fear”.

“’Madam, please may you remove your toes from the ceiling?’” she joked.

Others complimented the woman on her manicured toes while some wished they were “that flexible”.

“I’d be p**sing myself trying not to laugh,” one user added.

Some couldn’t believe the man sitting next to her was completely unfazed.

“The fact the person next to them is talking to them like this is a normal occurrence,” they wrote.

However, as much as the passenger’s foot act was the center of attention, fans also couldn’t help but applaud the singer for sitting in economy, particularly given her popular and successful British band Little Mix has a net worth of £48 million ($ A83 million), according to The Sunday Times Rich List 2020.

“Humble queen not flying private,” one fan commented.

“Imagine being on the same plane as Jade Thirlwall,” another wrote.

It is unclear where Jade was flying to or from, but it comes after she had her phone stolen in Ibiza.

“Shoutout to whoever stole my phone. Not having one for a little while was truly bliss. Anyways, here’s me being a basic b**ch in Ibiza a cutla weeks ago,” she said in an Instagram post alongside a selfie on the party island.

It appears Jade is no stranger to flying on commercial flights.

“I was sat next to her in the airport and didn’t want to bother her for a pic. Regretted it ever since,” one fan wrote.

As for the bare feet, it’s also not the first time something like this has happened.

In May, a passenger was left horrified when another flyer shoved their bare feet onto their seat’s armrest during a flight.

The traveler was flying from Melbourne to Adelaide when the incident occurred

A video shows a person looking at the camera in horror before zooming in on the bare feet poking through from the seat behind and on the armrest.

The passenger then appears to notice they are being filmed and quickly whips their feet back.

Experts have also warned travelers to never be barefoot on a plane.

California-based podiatrist Ebonie Vincent, who is also behind the US TV series, My Feet Are Killing Mesaid that being barefoot leaves travelers exposed to bad bacteria.

Read related topics:TikTok

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Categories
Sports

Leandro Lo dead at 33: Jiu-jitsu legend shot, how did he die?

Legendary Jiu-jitsu fighter Leandro Lo was fatally shot at a concert in Sao Paulo, Brazil, according to reports.

A lawyer for the Brazilian Jiu-jitsu world champion confirmed that his client, 33, died after being declared brain-dead from the shooting, according to a report by MMA Fighting.

The killing allegedly took place during a confrontation between Lo and Police Officer Henrique Otávio Oliveira Velozo, the outlet reported.

Witnesses said Velozo grabbed a bottle from Lo’s table and that the fighter took the cop down and held him, according to the outlet, citing a police report.

MMA Fighting reports after the pair were separated, Velozo allegedly pulled out a gun, firing a round into Lo’s forehead.

Lo had dominated the sport since 2011, winning eight World Championship titles – which made him one of the most decorated Jiu-jitsu fighters of all time. Just earlier this year, he won another World Championship in California.

Tributes came flooding in after the shock news of his death.

“A very sad day for the BJJ community,” analyst and former UFC fighter Kenny Florian tweeted. “Leander was a legend.”

Combat sports analyst Luke Thomas tweeted: “Oh my god.”

This article first appeared on the New York Post and was reproduced with permission

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Categories
Business

Australian mum’s travel hate booms into $20m business Luxico

When it comes to holidaying, deciding whether to go with the expected comforts of a hotel or the relaxed amenities of an Airbnb generally comes down to the guest and the mood of the trip.

For mum and businesswoman Alexandra Ormerod, travel has always been high on the priority list – and she had no plans for that to change when she and husband Tom decided to start a family.

But with a little one in tow, the pair soon realized that the simple pleasures they once took for granted in a hotel room were no longer applicable for a young family.

“We have a lot of family overseas… we are avid travelers and after our first daughter was born we quickly discovered in our travels that hotels were dead to us and that came as a bit of a shock,” Ms Ormerod told news.com. ouch

“We soon found it very challenging to be traveling with a small child and finding accommodation that was of a standard better than a serviced apartment.

“We realized quite early on that places like Europe and Asia have a more mature market than Australia, so there are a lot more villas to hire in different locations. Whereas when you came to Australia and you effectively had the option of a holiday home. That home would be hired through a real estate agent and generally you were restricted to a coastal location and picking the keys up from the local fish and chip shop because the office was closed.

Ms Ormerod said the “disconnected experience” and “transactional approach” to hiring holiday homes in Australia meant guests “never really knew what they were going to get” on arrival.

With a background in advertising, Ms Ormerod said her work in travel and tourism along with her husband’s involvement in property development and real estate meant they identified a gap in the market for couples, friends and family groups seeking options in the luxury end of the holiday homes market.

As a result, ‘Luxico’ – which essentially combines hotels and holidays homes into one – was born in 2013.

“Luxico was a bit of an obvious outcome,” she explained of the company, which is now worth almost $20 million.

“We found there was a real niche for designer accommodation which we identified as not really existing at the time Luxico was born.”

Having a house on the Mornington Peninsula, Ms Ormerod said a lot of neighbors and Melbourne residents had “big homes” in the area which sat empty for most of the year. So she and Tom started renting out properties in the area which signaled a huge area of ​​demand for beautiful, high-end homes temporarily.

“We found there was a lot of demand for that $1000-a-night or more price point that was not being serviced,” she said.

“So we then built on that to try and service that demand, and try to take the experience away from a transactional offering to a more hospitality or hotel offering [within a luxury home].”

Each Luxico stay comes with a concierge service – essentially a local who ‘checks you in’ to the home. Each concierge acts as a point of call for guests, with no request too big, small or bizarre. The homes range from $250 to $15,000 or more per night.

“It’s bringing the human element back into that holiday home stay, and all our concierges are from the local area,” she explained of the company which exclusively manages $700 million worth of property across Australia.

“The extra services you can have – from chefs, to butlers and specialist touring – are all part of the optional extras.

“But for the everyday traveller, the feedback has been that the concierge had given them insider tips to the area … maybe told them of an amazing hidden gem they wouldn’t have otherwise known about that made their holiday.”

While celebrity clients make up a large bulk of the brand’s clientele, Ms Ormerod said “mums and dads” still make up the majority of bookings.

“Luxico is an end-to-end service so we exclusively manage all of the properties that we offer,” she said, adding that if a family is looking to book two or three hotel rooms – a home works out to be better value.

“So we are managing the guest experience not just through the booking process, but the experience they have in home and even afterwards.

“So from the slippers, to the towels to prepared toiletries, the concierge is going in there and provisioning and preparing the home so if you are traveling with small children we will bring in a toy box so they have something to play with. So it’s all those little touches that make the experience a continuance of the booking process.

“It’s more a holistic experience, connecting you with local products, experiences and service providers that will build on that stay.”

Read related topics:airbnb

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