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Tesla has surged past $525 billion in market value and could soon overtake Warren Buffett’s Berkshire Hathaway. Here’s why that’s astounding

Summary List Placement Tesla's market capitalization soared past $525 billion on Tuesday, leaving it within striking distance of the $549 billion market cap of Warren Buffett's Berkshire Hathaway. Shares in Elon Musk's electric-vehicle company have rocketed up more than 500% this year, while Berkshire stock has only risen 2.4%. The similarity in market caps is surprising, given Berkshire earned $255 billion in revenue last year, more than 10 times Tesla's $25 billion. Buffett's company also had enough cash at the end of March to buy Tesla outright, as the automaker's market cap was below $100 billion at the time. Visit Business Insider's homepage for more stories. Tesla surged past $525 billion in market capitalization on Tuesday, leaving it less than 5% behind Warren Buffett's Berkshire

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Miss Manners: Does my wardrobe mark me as out of date?

DEAR MISS MANNERS: I am a lawyer in D.C., and I just completed a relatively prestigious yearlong fellowship/clerkship. I have had two job interviews thus far — one for a government position and one for a nonprofit job — and both times, I was surprised to find the interviewers wearing T-shirts, whereas I was wearing a suit. Is it normal to wear T-shirts for interviews and meetings during the pandemic? It seems almost disrespectfully informal to me. Am I old-fashioned and behind the times? GENTLE READER: After European monarchies discovered the New World — but before they realized that people already lived there, or that those people had dignity and rights — there was a massive land grab as each country tried to annex as much territory as possible. The pandemic has caused a similar, and equa

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9 shot, 2 fatally, Tuesday in Chicago

Nine people were shot, two fatally, Nov. 25, 2020, in Chicago | Sun-Times file photoA 30-year-old man was fatally shot inside a home in South Chicago and a 21-year-old man was killed in an attempted robbery in Chatham. 9 people were shot, two of them fatally, Tuesday in Chicago. A 30-year-old man was fatally shot inside a home in South Chicago. About 4:40 a.m., he was inside a home in the 8100 block of South Bennett Avenue, when he was shot in the back multiple times, Chicago police said. He was pronounced dead at the scene. Hours prior, a 21-year-old man was fatally shot during an attempted robbery in Chatham on the South Side. The man was standing outside about 12:25 a.m., when he was approached by two males in the 7800 block of South State Street, who asked him if he was selling marij

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US tech firms like Uber, Lyft, and DoorDash could pay gig workers up to 15% of their compensation in stock under new proposal

Summary List Placement US tech firms including Uber, Lyft, and DoorDash could offer independent contractors up to 15% of their compensation in stock under a new regulatory proposal. The proposal addresses heated debate in favor of allowing the fast-growing gig economy to enjoy more traditional benefits like job security. The SEC's proposal will be open for 60 days of public comment. It is unclear if President-elect Joe Biden's new SEC pick will finalize the pilot program. Visit Business Insider's homepage for more stories. US app-based technology firms like Uber, Lyft, and DoorDash could offer equity compensation to their gig workers under a new SEC proposal announced Tuesday. The regulator proposed a pilot program for tech platforms that employ food-delivery workers or drivers to ge...

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Private property’s harvest

I’m thankful. Yes, we’ve got the pandemic, lockdowns, a worsening deficit, etc. But we still live in a relatively free country at the most prosperous time in human history. The pandemic showed that when people are faced with crises, we adjust. Restaurants switched to takeout and outdoor dining. Grocery stores began curbside pickup. Companies mass-produced masks, hand sanitizer, ventilators and, now, vaccines. I hide from COVID-19 by staying home; yet, thanks to new services such as Zoom, I can research this column and make my weekly videos from my couch. That’s brought benefits. I no longer have to deal with traffic congestion. Traffic jams are a good example of what ecologist Garrett Hardin called the “Tragedy of the Commons.” Because roads are free, more people drive, and roads are often

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Dear Abby: I gave her some loving advice and she flew into a rage

DEAR ABBY: Recently, I kindly and lovingly gave my daughter some feedback on how she berates her husband in front of my 8-year-old grandson. I told her I didn’t want him to grow up thinking that’s how we treat the people we love. Jeanne Phillips To make a long story short, she said that if I wanted to estrange myself from her, I had succeeded. I remained calm and loving and told her she could use the feedback if it was helpful, or ignore it if it wasn’t. She has now blocked me! My daughter has had no compunction over the years about informing me about my shortcomings but went into a rage when I spoke about her behavior. Related Articles Dear Abby: Should I ditch my friend to get ahead at work? Dear Abby: She’s not the cancer-battling type, but h

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Man dead after being struck by vehicle in suburban Plainfield: police

A man was killed Nov. 24, 2020, after he was struck by a vehicle in suburban Plainfield. | Sun-Times file photoA preliminary investigation found that a Chrysler was driving north on Route 59, just north of Route 126, and struck a male pedestrian who was in the road. A man was killed Tuesday after he was struck by a car in suburban Plainfield. Officers responded to the scene of a serious crash about 9 p.m. and found a pedestrian who had been struck by a car, Plainfield police said. A preliminary investigation found that a Chrysler was driving north on Route 59, just north of Route 126, and struck a male pedestrian who was in the road, police said. The male was taken to Saint Joseph Medical Center in Joliet where he died, police said. Plainfield police are investigating the crash. ....

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10 things in tech you need to know today

Summary List PlacementGood morning! This is the tech news you need to know this Wednesday. Sign up here to get this email in your inbox every morning. Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings. And for the biggest stories in politics, sign up here for 10 Things in Politics You Need to Know Today — launching soon! Facebook briefly prioritized established news sites. In the days after the US election, Facebook's CEO Mark Zuckerberg signed off on an algorithm change to the platform's news feed in an effort to fight misinformation.  Elon Musk is now richer than Bill Gates. The Tesla CEO saw his net worth rise by about $7 billion to $128 billion, according to the Bloomberg Billionaires Index, as Tesla's market value ...

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A New Jersey congressman is seeking to disbar Trump’s personal attorney Rudy Giuliani after he touted election-related conspiracy theories

Summary List PlacementA congressman from New Jersey filed a complaint seeking to disbar President Donald Trump's personal attorney Rudy Giuliani after attempts to invalidate President-elect Joe Biden's win. Rep. Bill Pascrell, a Democrat from New Jersey, filed a complaint to the New York State judicial conduct body to revoke Giuliani's license, the congressman tweeted Tuesday. "In his capacity as a public spokesman and attorney representing the presidential campaign of Donald Trump, Mr. Giuliani has participated in frivolous lawsuits and used our nation's courts to assault public confidence in the United States electoral system, violating the New York Rules of Professional Conduct," the congressman wrote in the complaint. Pascrell also tweeted Tuesday that he filed legal complaints in Ar...

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Obama vented his frustration at the Trump administration’s handing of the pandemic to Stephen Colbert, saying don’t ‘undermine the leading epidemiologist’ and call him an ‘idiot’

Summary List PlacementWithout calling him out by name, former President Barack Obama vented his frustration at President Donald Trump's response to the COVID-19 pandemic. During a Tuesday night interview with "The Late Show" host Stephen Colbert, the former president recognized that it was no easy task to respond to a rapidly-spreading coronavirus pandemic. "This would have been hard for anyone," Obama said, but added that some aspects of responding to the virus were not "rocket science." "We're not talking about inventing vaccines, which are now coming on board," he said. The former president said the US COVID-19 response could have done better by "preliminarily communicating effectively" and "respecting the science." Obama also appeared to take a jab at Trump, saying other actions tha...

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AI 101: How learning computers are becoming smarter

Summary List PlacementMany companies use the term artificial intelligence, or AI, as a way to generate excitement for their products and to present themselves as on the cutting edge of tech development. But what exactly is artificial intelligence? What does it involve? And how will it help the development of future generations? Find out the answers to these questions and more in AI 101, a brand new FREE report from Business Insider Intelligence, Business Insider's premium research service, that describes how AI works and looks at its present and potential future applications. To get your copy of the FREE slide deck, simply click here. Join the conversation about this story » ...read more Source:: Business Insider...

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‘The VC FOMO is real’: Tech investors are piling into dark store startups that deliver groceries in 10 minutes

Summary List PlacementEurope's tech investors are piling into dark store startups, hoping that superfast grocery delivery can disrupt retail in the way food delivery apps revolutionized takeaway. A dark store is essentially a grocery store without customers, dedicated to fulfilling online deliveries of groceries and other supplies. Buying your weekly food supply online is an established concept, but the new wave of dark store startups in Europe promise to cut urban delivery time from days or hours to as little as 10 minutes by using a network of small urban warehouses. The European grocery retail market is overall expected to be worth approximately €2.3 trillion ($2.7 trillion) in 2022, according to IGD. Investors piling into these companies hope the boom in online shopping, supercharged...

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San Mateo: Two arrested following DUI rollover crash

SAN MATEO – A DUI rollover crash ended in two arrests in San Mateo on Sunday night, police said. The crash was reported at 2nd Avenue and South Amphlett Boulevard about 10:40 p.m., the San Mateo Police Department said in a news release. Minutes later, officers found the occupants of the vehicle and stopped one as they allegedly tried to leave the scene. Police said a handgun and several rounds of ammunition were found inside of the vehicle. The occupants were medically evaluated at a hospital before being booked into San Mateo County jail. The driver – a 26-year-old San Francisco man – was booked on charges including driving under the influence of alcohol, felon in possession of a firearm and carrying a concealed weapon in a vehicle. The passenger – a 35-year-old Richmond woman – was book...

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LAFC falls to Seattle in Western Conference playoff opener

Seattle Sounders goalkeeper Stefan Frei (24) watches as LAFC defender Eddie Segura, center, heads the ball during the first half of their Western Conference first-round playoff match on Tuesday night in Seattle. The Sounders won 3-1. (AP Photo/Ted S. Warren) Los Angeles FC defender Jesus David Murillo, left, slides across on a tackle attempt on Seattle Sounders forward Jordan Morris during the first half of an MLS playoff soccer match Tuesday, Nov. 24, 2020, in Seattle. (AP Photo/Ted S. Warren) Sound The gallery will resume inseconds Los Angeles FC defender Jesus David Murillo kicks the ball during the first half of the team’s MLS playoff soccer match against the Seattle Sounders, Tuesday, Nov. 24, 2020, in Seattle. (AP Photo/Ted S. Warren) Seattle Sounders forward Raul ...

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