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Buffett's Berkshire takes $3.8 billion Kraft Heinz write-down
STORY: Warren Buffett's Berkshire Hathaway said it took a more than $3.7 billion write-down on its stake in Kraft Heinz in the second quarter... an acknowledgment that the decade-old investment hasn't worked out. The write-down followed the struggling food company's announcement that it would consider strategic alternatives, which could include a breakup. It's Berkshire's second write-down for Kraft Heinz, following a $3 billion hit in 2019. Buffett acknowledged at the time that Berkshire overpaid in the 2015 merger of Kraft Foods and H.J. Heinz, one of his biggest investment missteps. Kraft Heinz has suffered as more shoppers favor healthier and private-label alternatives. Its approximately 200 brands include Oscar Mayer, Kool-Aid, Velveeta and Jell-O. Berkshire also reported a 4% decline in quarterly operating profit as insurance underwriting premiums fell. The conglomerate signaled it remains cautious about market valuations amid uncertainty about tariffs and growth in the broader economy. Related videos Europe's most expensive city revealed, as living costs near £3,500 per month £50k in savings? Here's how to unlock up to £4.5k in passive income overnight How will the Lloyds share price be affected by today's Supreme Court ruling? Meet the 75p dividend stock with a higher yield than Legal & General shares Shares of Berkshire have fallen more than 12% and lagged the S&P 500 by about 22 percentage points since Buffett, who's almost 95, announced in May that he would step down as CEO at year's end. Vice Chairman Greg Abel will succeed him, though Buffett will remain chairman. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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MVP frontrunner Napheesa Collier leaves during Lynx's 53-point blowout win over Aces
LAS VEGAS (AP) — Minnesota Lynx forward and MVP frontrunner Napheesa Collier injured her right ankle and left the game during Saturday's 111-58 victory over the Las Vegas Aces. Lynx coach Cheryl Reeve said it was too soon to assess the severity of her star player's injury. 'She was in the locker room with us, but as protocol, tomorrow or whatever chance we get, we'll continue to evaluate and examine images, all that good stuff,' Reeve said. Trailing the play in which Natisha Hiedeman drove the lane for a lay-up, Collier appeared to step on teammate Alanna Smith's left foot and immediately went down near Las Vegas' bench with the Lynx holding a 92-49 lead late in the third quarter. She attempted to stand, but sat back down on the court, writhing in pain, and was immediately surrounded by Aces starters A'ja Wilson, Chelsea Gray, Jackie Young, NaLyssa Smith and Kierstan Bell, who all held towels to shield her from exposure. Collier's teammates, coaches and trainers eventually made their way to the opposite end of the court to tend to the 2025 All-Star MVP. The seventh-year pro left the court on her own and went straight to the locker room, moving slowly and walking gingerly while favoring her right ankle with a Lynx staffer under her arm. Collier did not return. The league-leading Lynx (24-5) are off until Tuesday, when they'll finish their two-game trip in Seattle. The 53-point victory in Las Vegas was the largest road win in WNBA history. Reeve wouldn't speculate if Collier would get an MRI in Las Vegas, travel with the team to Seattle, or return home to Minnesota. 'It's just way too early,' Reeve said. 'At this point in time, I don't know exactly what's happening.' ___ AP WNBA: W.g. Ramirez, The Associated Press
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Speedway Classic live updates: Reds, Braves warming up at Bristol in the rain
BRISTOL, Tenn. − Welcome to live coverage of the inaugural Speedway Classic, a baseball game played at famed auto-racing venue Bristol Motor Speedway between the Cincinnati Reds and the Atlanta Braves. Refresh this page throughout the pre-game buildup and leading up to first pitch at 7:15 p.m. (FOX). Rain is falling at Bristol Motor Speedway, no caution flag yet The Atlanta Braves are taking batting practice in the pouring rain. A rain delay might not be out of the question but it's generally expected they get the game in tonight. Both clubhouses also have hitting cages, so the players won't be lacking as far as their pre-game routines are concerned. The was overnight rain in Bristol, and it rained around 1 p.m. So far, the weather is holding to what was forecasted in recent days. What we're seeing, hearing around Bristol Motor Speedway Enquirer reporters Gordon Wittenmyer and Pat Brennan have been at the famed auto-racing venue for hours, and they've been digging into the event from every angle. They're capturing images on their phones, too. Here's a gallery featuring some of what they're seeing from around "BMS" and the racetrack infield, as well as the temporary baseball field, too. Reds player moves Reds' trade deadline acquisitions will be available in time for the Speedway Classic Reds Braves Speedway Classic Chase Burns 'Weapon': How Cincinnati Reds trade deadline might impact prized rookie Chase Burns Speedway Classic how to watch Want to watch Reds vs Braves today? Bristol MLB Speedway Classic time, TV, streaming info This article originally appeared on Cincinnati Enquirer: Speedway Classic updates: Reds, Braves warming up at Bristol in the rain
