Berkshire Hathaway shareholder meeting takeaways: Warren Buffett’s remarks
Warren Buffett, chairman and CEO of Berkshire Hathaway, criticized the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis.
Yet he said the US banking system had become too complicated — and it was not surprising that the banks failed. He said he’d been selling bank stocks, first at the start of the pandemic and more recently over the past six months as banks increasingly face mismanagement and respond to bad incentives.
“The American public doesn’t understand their banking system — and some people in Congress don’t understand it anymore…
US SMBs Are Distinctly Optimistic Among Their Global Peers
US SMBs are more optimistic than their global counterparts, a third (33%) are ‘very confident’ in their business currently
Technology adoption is the key to productivity and growth for US SMBs in 2023, over half plan to accelerate their tech investment, and are open to emerging technologies such as AI
ATLANTA, May 08, 2023 (GLOBE NEWSWIRE) — Sage’s annual survey of almost 12,0000 business leaders globally – ‘Small Business, Big Opportunity’ – finds that despite a challenging 2022, where rising costs and pressures on cash flow impacted profitability, American SMBs are distinctly confident among their global peers.
Out of the…
ChatGPT makes its debut as a smartphone app on iPhones – Business News
ChatGPT now on iPhone
Matt O’Brien, The Associated Press – May 18, 2023 / 11:27 am | Story: 427472
Photo: The Canadian Press
FILE – The OpenAI logo is seen on a mobile phone in front of a computer screen displaying output from ChatGPT, March 21, 2023, in Boston. The head of the artificial intelligence company that makes ChatGPT is set to testify to Congress as lawmakers call for new rules to guide the rapid development of AI technology. OpenAI CEO Sam Altman is scheduled to speak at a Senate hearing Tuesday, May 16. (AP Photo/Michael Dwyer, File)
ChatGPT is…
Canadian forest fires are the latest costly climate disaster that public accounts fail to capture
You don’t have to tell the people of Calgary and other Canadian communities breathing orange air that forest fires have a cost.
And while repeated studies draw a direct line between an increase in costly forest fires and climate change, economists and accountants right up to Canada’s Parliamentary Budget Officer say the benefits of stopping climate change and thus reducing the many harms it creates is simply impossible to measure for public accounting purposes.
It is an interesting conundrum and the thousands of people displaced from their homes or breathing smoke from the current spate of forest fires are caught…
City to update Housing Business Plan to apply for federal funding – DiscoverMooseJaw.com
The city council approved a change order to update the city’s Housing Business Plan in order to apply for federal funding.
The federal government recently announced that $4 billion in funding would be available through the Housing Accelerator Fund Program.
Consultants are currently working on updating the city’s Official Community Plan (OCP) and Zoning Bylaws. City council approved transferring $10,500 from the Innovative Housing account to the OCP and Zoning Bylaw update account. According to the city administration, those consultants would be in the best position to update the Housing Business Plan and help the city prepare the grant application.…
Eseye announced a new agreement with Orange to enhance global IoT connectivity offering
New agreement with the wholesale arm of Tier-1 mobile operator Orange, enables Eseye to solve permanent roaming issues for customers in many territories.
This agreement provides enabling Eseye’s customers to access Orange Wholesale France networks and roaming partners further adding to their existing carrier footprint.
Allows Eseye to utilize Orange Wholesale’s existing roaming footprint of more than 220 destinations globally and over 700 network operators.
Eseye, a pioneer of leading-edge cellular IoT connectivity solutions, today announced it has entered into an agreement with Orange Wholesale France to enhance its global IoT connectivity solution offering with additional localization capabilities which will…
Visa and MasterCard agreed to lower the average credit card interchange fee below 1%
The government has announced new details of an agreement with Visa and MasterCard that will see them lower the amount that they charge retailers when a customer pays for a purchase with a credit card.
Known as so-called interchange fees, they have long irritated merchants by allowing the credit card company to keep a percentage of each sale, instead of a flat fee for each transaction.
On Thursday, the government announced a deal with the two card companies that will reduce interchange fees for in-store transactions to 0.95 per cent, on average.
That means on a $100 purchase, if a…
Angelo’s is closing, Crazy Wisdom is reopening and other Washtenaw County business news
WASHTENAW COUNTY, MI — Big news has been happening recently for businesses in and around Ann Arbor.
Some longtime businesses are calling it quits after spending decades serving customers, while others are making their debut. There is even one beloved Ann Arbor book store that’s planning to return after closing in 2022.
Here are some recent business news you might have missed.
Angelo’s Restaurant to close as University of Michigan plans $4.5M purchase
By December, people will no longer be able to enjoy the deep-fried French raisin toast or sandwiches at Angelo’s Restaurant in Ann Arbor.
Related: ‘I will think…
