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The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Warren Buffett says he made mistakes by not investing in two dominant technology companies, Alphabet and Amazon.
Alphabet is the parent company of search engine Google.
"I made the wrong decisions on Google and Amazon," he said at the 2018 annual shareholder meeting on Saturday. "We've looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated."
He said it took Microsoft co-founder Bill Gates to tell him to stop using Altavista as a search engine and use Google instead. And he should have been more aware because Berkshire subsidiary Geico was paying Google "a lot of money" at the time of its initial public offering.
Buffett also admitted he underestimated Amazon's ability to disrupt retail and cloud computing at the same time with such a rapid pace.
"I had very very very high opinion of Jeff's [Jeff Bezos, CEO of Amazon] ability when I first him, and I underestimated him," he added. "I've watched Amazon from the start. I think what Jeff Bezos has done is something close to a miracle ... The problem is when I think something will be a miracle, I tend not to bet on it. It would have been far better obviously if I had some insights into certain businesses."