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Business

Berkshire Hathaway’s shopping extravaganza draws lighter crowds as spotlight shifts to Greg Abel

Squishmallow display the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 1, 2026.Sarah Min | CNBCOMAHA, Nebraska — At the cavernous exhibit hall inside CHI Health Center Omaha, the annual “Berkshire Bazaar of Bargains” is still stocked with fan-favorite deals, just with a bit more breathing room this year.The 20,000-square-foot shopping event tied to Berkshire Hathaway’s annual meeting features its usual lineup: Warren Buffett-themed gear from Brooks Sports and chocolate coins from See’s Candies, alongside merchandise from dozens of subsidiaries. But unlike past years, lines were shorter and the crowds noticeably thinner.The event came as Buffett, the 95-year-old…

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Tech

Roblox shares plummet 18% as child safety measures weigh on bookings

Roblox shares plummeted 18% on Friday after the company reported first-quarter earnings as its new child safety measures weighed on bookings.”Part of what we’re rolling out with age check, we believe, is the real, right long-term way to build this platform,” CEO David Baszucki said Friday on CNBC’s “Squawk Box.”In a letter to shareholders, the gaming company wrote that its new age-check feature “restricted on-platform communication for non-age checked users, diluted communication for age-checked users, and slowed new user acquisition,” causing greater-than-expected headwinds.In January, the company restricted its chat feature to users who completed its age-check verification. According to the…

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Business

Trump says he’s raising EU auto tariffs to 25%

President Donald Trump said he would increase tariffs charged to the European Union for cars and trucks to 25%, without saying what authority he would use to raise the levies.”Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States,” he wrote on Truth Social on Friday. “The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be…

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Tech

Ubuntu infrastructure has been down for more than a day

Servers operated by Ubuntu and its parent company Canonical were knocked offline on Thursday morning and have remained down ever since, a situation that’s preventing the OS provider from communicating normally following the botched disclosure of a major vulnerability. Attempts to connect to most Ubuntu and Canonical webpages and download OS updates from Ubuntu servers have consistently failed over the past 24 hours. Updates from mirror sites, however, have continued to work normally. A Canonical status page said: “Canonical’s web infrastructure is under a sustained, cross-border attack and we are working to address it.” Other than that, Ubuntu and Canonical…

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Business

Stock market next week: Outlook for May 4-8, 2026

If next week’s jobs report shows a still resilient labor market, that could relieve investors wary of a weakening economic outlook. The U.S. economy is expected to have added just 50,000 jobs in April, far below the prior blowout reading of 178,000, according to FactSet consensus estimates. The unemployment rate is expected to have held steady at 4.3%. A “goldilocks” report could alleviate fears of a weakening U.S. economy, as some recent signals have suggested. On Thursday, the Commerce Department reported that gross domestic product grew at a 2% seasonally adjusted annualized pace in the first quarter, higher than 0.5%…

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