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Warren Buffett’s announcement Saturday that he would be retiring as CEO of Berkshire Hathaway came as a surprise to lots of people, including the person who was elected to succeed him the next day. Greg Abel has been Buffett’s right-hand man for many years and the public heir apparent for the past five, but Buffett, in making his announcement, said he hadn’t told Abel the moment was coming. Buffett, 94, will stay on as chairman at Berkshire, but by the end of this year, Abel will be in the driver’s seat – and will have a big legacy to follow. Buffett took over Berkshire Hathaway in 1965. Things began to take off in 1978, when he convinced his friend Charlie Munger to …

Two romantasy authors have publicly defended their use of artificial intelligence after being caught with AI-generated prompts left in their published works. While their readers are far from impressed, the writers insist that it does not take away from their craft. Excerpts from novels published by K.C. Crowne and Lena McDonald have been spreading across Reddit, Goodreads, and Bluesky, after readers discovered revision notes that read like ChatGPT and cues that reference the style of other authors embedded in the copy. “I’ve rewritten the passage to align more with J. Bree’s style, which features more tension, gritty undertones, and raw emotional subtext beneath …

Shares in America’s publicly traded movie theater chains surged yesterday, the first day of trading after the Memorial Day holiday. It’s a holiday weekend that saw moviegoers flock to theaters in droves, snapping up tickets and leading to the best Memorial Day weekend box office in history. Here’s what you need to know about the Memorial Day box office and its impact on shares in movie theater companies. Memorial Day box office was the best on record Movies generated a record $326 million at the Memorial Day box office this weekend, a period that ran from Friday, May 23, to Monday, May 26. That four-day haul record was largely fueled by two films. The first was…

Over the past decade, Figma has transformed how people within companies collaborate to turn software ideas into polished products. Now the company is itself being transformed by AI. The technology is beginning to show its potential to take on much of the detail work that has required human attention in design, coding, and other domains. But the end game involves far more than typing chatbot-style prompts and waiting for the results. I spoke with Figma’s head of AI, David Kossnick—one of Fast Company’s AI 20 honorees for 2025—about what the company has accomplished so far and where he’s trying to steer it. “We’re still in chapter one, maybe the start of chapter two,” he t…

Shares of ​​UnitedHealth Group (NYSE: UNH) plunged by more than 22% Thursday morning after the company reported underwhelming first-quarter earnings and revised its full-year outlook. The health insurance giant lowered its 2025 earnings forecast, now projecting net earnings of $24.65 to $25.15 per share and adjusted earnings of $26.00 to $26.50 per share. This marks a downgrade from its January guidance, which anticipated net earnings between $28.15 and $28.65 per share and adjusted earnings in the range of $29.50 to $30.00 per share. “UnitedHealth Group grew to serve more people more comprehensively but did not perform up to our expectations, and we are aggressiv…

After back-to-back explosions, SpaceX launched its mega rocket Starship again on Tuesday evening, but fell short of the main objectives when the spacecraft tumbled out of control and broke apart. The 403-foot (123-meter) rocket blasted off on its ninth demo from Starbase, SpaceX’s launch site at the southern tip of Texas. Residents voted this month to organize as an official city. CEO Elon Musk’s SpaceX hoped to release a series of mock satellites following liftoff, but that got nixed because the door failed to open all the way. Then the spacecraft began spinning as it skimmed space toward an uncontrolled landing in the Indian Ocean. SpaceX later confirmed that the spa…

The past few days in the stock market have been so wild—a plunge on Monday, a sharp pivot upward on Tuesday, a rise with lots of oscillations on Wednesday—that a record set by the Dow Jones Industrial Average on last week’s final day of trading has been largely overlooked. That’s unfortunate, because there’s a lot to be learned from that record about how financial markets work. I’m referring to the record loss inflicted on the Dow last Thursday by the three-digit share price drop of UnitedHealth Group (NYSE: UNH), the large healthcare and insurance company. (Thursday was the last day of trading last week because the market was closed for Good Friday.) That price d…

A cardinal of the Catholic church going viral for singing John Lennon’s “Imagine” was not on this year’s bingo card. Pope Francis’s passing on Easter Monday sent shockwaves around the world, with around 250,000 visitors flooding St. Peter’s Square in the Vatican to say goodbye to the progressive Pontiff. As the Vatican readies for the conclave, speculations on who might take over the highest role in the Catholic Church is on the rise. But, on TikTok, users have already chosen its favorite contender: Filipino prelate Luis Antonio Tagle. Videos of Tagle–a liberal-leaning front runner for pope referred to as “Asian Francis”–resurfaced in the days following the p…

Jack in the Box announced Wednesday that it will close between 150 and 200 underperforming restaurants as part of a broad restructuring effort, with approximately 80 to 120 restaurants shuttering by December 31, 2025. The remainder will close over time, based on the termination dates of their respective franchise agreements. Fast Company reached out to Jack in the Box for a list of locations it will be closing, but did not hear back by time of publishing. The initiative is part of the company’s “JACK on Track” strategy—a comprehensive plan aimed at improving long-term financial performance across its restaurant system, strengthening its balance sheet, and reaffirm…

SharkNinja has announced the voluntary recall of more than 1.8 million units of Foodi multi-function pressure cookers after more than 100 reports of burn injuries—many of them serious. Here’s what you need to know about the SharkNinja pressure cooker recall. What’s happened? On May 1, home appliance company SharkNinja issued a recall for some of its SharkNinja pressure cookers, according to a notice posted on the U.S. Consumer Product Safety Commission (CPSC) website. The recall covers more than 1.8 million units of SharkNinja’s Foodi OP300 Series Multi-Function Pressure Cookers. The recall was issued after the company received 106 reports of burn injuries from…

Several of the largest U.S. banks are reportedly pausing or reassessing how they send sensitive information to the Office of the Comptroller of the Currency (OCC) following a major cyberattack on the regulator. JPMorgan Chase and Bank of New York Mellon have halted electronic information-sharing with the OCC, Bloomberg reported. Bank of America is working to transmit data through what it considers more secure electronic channels, according to the report. The moves come after hackers reportedly accessed more than 100 accounts within the OCC’s email system over the course of a year—a breach the OCC and U.S. Treasury have labeled a “major incident.” The attackers are…

Two papal tailors and no conclave orders. The conclave that begins next Wednesday to elect a successor for Pope Francis is the first in 46 ½ years for which the Vatican hasn’t ordered a set of cassocks for the new head of the Catholic Church — at least from the two best-known papal tailors. That isn’t stopping Ranieri Mancinelli, who opened his ecclesiastical tailoring shop near the Vatican in the 1960s, from making three simple white cassocks just in case: the traditional small, medium and large sizes to cover all possible heights and girths. “I’m doing this on my own to be able to present these cassocks for the next pope, without knowing who he will be,” Man…

Friday, April 18, 2025, is Good Friday. But when it comes to what places are open and closed on Good Friday, things can be a bit tricky. That’s because Good Friday is not a federal holiday but a religious one. It’s the Friday before Easter, which is always celebrated on a Sunday. Yet Good Friday is also a state holiday in select states. This means that public institutions may be closed in one state but open in another on Good Friday. Here’s what you need to know about what’s open and closed on Good Friday 2025. Is Good Friday a federal holiday? No. Good Friday is not one of the officially recognized federal holidays. Of the 12 federal holidays in 2025, the…

TikTok is launching its own version of community notes on the platform, called “Footnotes.” The crowd-sourced approach to moderation, where users add additional context to posts, has become increasingly popular on social media networks after X (then called Twitter) first launched it in 2021. “Footnotes offers a new opportunity for people to share their expertise and add an additional layer of context to the discussion using a consensus-driven approach,” the company wrote in a blog post. TikTok said it will open access to start contributing footnotes in the coming months. U.S. users can apply to be a contributor as of today. They’ll have to meet the eligi…

Roughly half a mile behind the Seven Dwarfs Mine Train and Ariel’s Grotto in Walt Disney World sits a nondescript cement warehouse with the words “the can-do people” written on the outside. Should tourists somehow get lost in that corner, located just outside the Magic Kingdom, it’s a place they would never pay attention to. What they might never imagine, however, is that generic building is the lynchpin of the Disney experience. Welcome to Central Shops, a rarely spoken part of Disney that’s off-limits to visitors and most of the company’s cast members (Disney’s term for its employees). It’s ground zero for Disney World’s ride safety and an essential part of park ope…

Apple could owe you part of a class action lawsuit settlement centered around the company’s voice assistant, Siri. The settlement was reached in January, and Apple agreed to set aside $95 million to pay people who allegedly had their conversations or queries recorded after unintentionally activating Siri. Here’s what you need to know about the settlement, key dates, and how to determine whether you can participate in the $95 million payout. What is the settlement about? Back in 2014, Apple added a “Hey, Siri” hotword command that, when spoken, automatically triggers Siri on a compatible Apple device to listen to what is being said. The feature was meant to be u…