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(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)ABEL GOES HIS OWN WAY WITH NEW INVESTMENTS IN HOME BUILDING … AND AIBuffett praises new CEO for ‘fast’ and ‘smooth’ acquisitionWarren Buffett tells CNBC’s Becky Quick new Berkshire Hathaway CEO Greg Abel has “launched” with his first major deal, the $6.8 billion acquisition of Taylor Morrison Home, a residential homebuilder and developer with operations in 12 states.On Monday’s “Squawk Box,” Becky quoted Buffett from a phone conversation the day before when the deal was announced:”Greg…

Welcome to the paddock, Kim Kardashian!The styles of WAGS—wives and girlfriends of athletes, for the uninitiated or those who didn’t live in England through Victoria Beckham and Cheryl Cole’s early ’00s reign—has been pored over with the same analytical eye as what goes on on the pitch or court. And while it’s tended to be soccer WAGs that have permeated pop culture, in recent years, partners and spouses of tennis stars and basketball players have garnered attention for their fashions. Now, Kim Kardashian is officially making the case for styling up the Formula 1 paddock, where she’s cheering on boyfriend…

It’s been one of the wildest stock markets on record lately but you wouldn’t have known it looking at the Cboe Volatility Index. Friday’s sell-off just made things a lot clearer. The non-stop, two-month 80% rally in semiconductor stocks that added roughly half a trillion dollars in market cap to the Nasdaq 100, spurred one of the most successful ETF launches in history, and birthed dozens of eye-popping, parabolic single stock moves, finally hit a wall on Friday as the VanEck Semiconductor ETF (SMH) dropped almost 10% at its low.The VIX, which had just touched the lowest level since January…

Zegna is no stranger to the Chateau Marmont. This past awards season, the brand hosted a pre-Oscars dinner with nominee Stellan Skarsgård, who also starred in a short film produced by the brand, which was filmed at the storied (West) Hollywood haunt. Javier Bardem, Kleber Mendonça Filho, Wagner Moura and Ludwig Göransson — most of whom worked on Oscar-nominated films — also got ready for the awards ceremony in Zegna, at the Chateau.So it’s no wonder Ermenegildo “Gildo” Zegna, executive chair of Ermenegildo Zegna Group, looks so at home by Los Angeles’s Villa Zegna, which has taken over the cottages at the…

Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What’s the next “Backrooms”? The industry is scrambling to figure out how to replicate the phenomenon of “Obsession” and “Backrooms,” low-budget psychological horror films directed by YouTube creators that have dominated the box office over the past two weeks. But “Backrooms” producer Peter Chernin, whose production company cofinanced the film, said he thinks the rush to sign deals with YouTube creators is a “big mistake.””It’s no different than making sequels. It’s jumping on an existing bandwagon,” Chernin said in an interview. “I guarantee you 80% will…

Precision is part of Ashlynn Park’s subject-matter expertise in patternmaking. The designer is also a perfectionist who is using pre-seasons, she said, to refine silhouettes and clean up patterns and shapes. Not only is this useful in terms of production, but it also allows Park to hone her vision. In one case, she was able to rethink a top, replacing a zipper with a back-tie, thus achieving a greater sense of lightness.Park observed that this was a “relaxed season” and that she “can see what the core of this brand is, what the true language is.” So, if decorative peplums are…

Cattle are herded in a stable on June 5, 2026 in Dublin, Texas. Brandon Bell | Getty ImagesThe U.S. Department of Agriculture confirmed a second case of New World screwworm, a flesh-eating parasite, in Texas.The latest detection was found in a one-month-old calf in Zavala County, Texas, roughly 5.6 miles from the first confirmed case announced earlier this month, the USDA’s Animal and Plant Health Inspection Service said Friday. Additional samples collected from the surrounding area have tested negative so far.New World screwworm larvae feed on the living tissue of warm-blooded animals, creating severe wounds that can be fatal if…

What you will find walking in Norma Kamali’s office is an army of mannequins dressed in new season clothes. What you won’t find is a moodboard. “The collection for me never starts with ‘This is what I’m going to do,’ because you can’t be creative if you’re stuck with something,” the designer said. “You’ve got to let it take you.” This was her way of explaining that the Western elements in her collection—including a cow print and fringed “suede”— were not premeditated. If there was an organizing principle for her resort collection, it was color—specifically a rich, rusty brown she…

An avalanche of selling on Friday crushed the stock market, a dramatic reversal from record highs earlier in the week. Chip stocks nosedived in the final trading session of last week. There were pockets of weakness in tech ever since Club name Broadcom disappointed on earnings. However, the sell-off on Friday was next-level after a strong jobs report dashed hopes of a Federal Reserve interest rate cut and sent the 10-year bond yield soaring above 4.5%. The S & P 500 and Nasdaq plunged 2.6% and 4.2%, respectively, on Friday, making Tuesday’s record-high closes seem like a distant memory. The…

Today, paediatric nurse Harriet Sperling wed Peter Phillips, who is the son of Princess Anne and eldest grandchild of the late Queen Elizabeth; a lavish and lush summery wedding in the English countrysides of Gloucestershire that gathered the breadth of the royal family. For her gown, Sperling opted for a firm royal favorite—Emilia Wickstead.The white column dress featured a square neck and a delicate lace overjacket fitted above the waist adorned with delicate wildflower embroidery across its long sleeves and sheer high neck, culminating in a captivating, almost 10 foot-long scallop-hemmed train.“We aligned on something authentic, traditional, and modern,” the…