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Month: December 2025

Some Warren Buffett wisdom on his last day leading Berkshire Hathaway

Some Warren Buffett wisdom on his last day leading Berkshire Hathaway

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By JOSH FUNK

OMAHA, Neb. (AP) — The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.

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Buffett’s last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate. He’ll remain chairman, but Greg Abel will take over leadership.

Here’s a collection of some of Buffett’s most famous quotes from over the years:

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“Be fearful when others are greedy, and greedy when others are fearful.” read more

Sprinkles Cupcakes closing all stores New Year’s Eve

Sprinkles Cupcakes closing all stores New Year’s Eve

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A customer watches as a “cupcake associate” serves Sprinkles Cupcakes... A customer watches as a “cupcake associate” serves Sprinkles Cupcakes in Beverly Hills in 2006. Twenty years after the cupcake chain was launched, it closed all shops abruptly on New Year’s Eve 2025. (File photo: H. Lorren Au Jr. / The Orange County Register) Sprinkles Cupcakes, founded in 2005 in Beverly Hills, abruptly moved... Sprinkles Cupcakes, founded in 2005 in Beverly Hills, abruptly moved to close all of its locations on New Year’s Eve 2025. The cupcake chain launched by Candace Nelson touted luxuriously made sweets. She sold the chain to a private equity firm in 2013 for undisclosed terms. (File photo: H. Lorren Au Jr. / The Orange County Register) LAS VEGAS, NV – MARCH 21: Founder and pastry chef... LAS VEGAS, NV – MARCH 21: Founder and pastry chef of Sprinkles Cupcakes Candace Nelson poses at the grand opening of Sprinkles Cupcakes at The LINQ on March 21, 2014 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images) NEW YORK, NY – MARCH 25: A woman takes her... NEW YORK, NY – MARCH 25: A woman takes her order of cupcakes after using a “Cupcake ATM” created by Sprinkles bakery on March 25, 2014 in New York City. The Cupcake ATM opened today, and while there were certain technical difficulties for the first day, lines of people waited to try out the new machine. (Photo by Andrew Burton/Getty Images) CULVER CITY, CA – APRIL 24: Sprinkles Cupcakes are seen... CULVER CITY, CA – APRIL 24: Sprinkles Cupcakes are seen during Safe Kids Day 2016 presented by Nationwide at Smashbox Studios on April 24, 2016 in Los Angeles, California. (Photo by Jonathan Leibson/Getty Images for Safe Kids Worldwide)

1 of 5 A customer watches as a “cupcake associate” serves Sprinkles Cupcakes in Beverly Hills in 2006. Twenty years after the cupcake chain was launched, it closed all shops abruptly on New Year’s Eve 2025. (File photo: H. Lorren Au Jr. / The Orange County Register)

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Sprinkles Cupcakes, a chain of scratch-made gourmet cupcakes, cookies and cakes that got its start in Beverly Hills and was later bought by a private equity giant, is closing all stores on Wednesday, Dec. 31.

“A few days ago, I learned that Sprinkles Cupcakes, the company I started in 2005, and then sold to private equity in 2012, will be closing its bakery doors today,” founder Candace Nelson — an investment banker turned baker — said Wednesday in an Instagram video post.

Nelson opened the first Sprinkles in 2005 in Beverly Hills.

The chain, which was bought by investment firm KarpReilly LLC, operated 21 stores and 25 ATMs that dispensed fresh cupcakes 24 hours a day, seven days a week, in California, Florida, Nevada, Texas, Utah and Washington, D.C.

Spokespersons with Sprinkles Cupcakes and Greenwich, Connecticut-based KarpReilly were not immediately available for comment. However, an employee at Sprinkles’ Scottsdale store said that orders were no longer being accepted. read more

Disney cast member injured blocking Indiana Jones boulder from hitting crowd

Disney cast member injured blocking Indiana Jones boulder from hitting crowd

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A Walt Disney World cast member was injured blocking the massive boulder prop from hitting the audience Tuesday at the Indiana Jones attraction at Hollywood Studios.

Disney confirmed the employee was recovering and the iconic feature of the boulder scene in the Indiana Jones Epic Stunt Spectacular would be changed.

“We’re focused on supporting our cast member, who is recovering,” according to a Disney spokesperson. “Safety is at the heart of what we do, and that element of the show will be modified as our safety team completes a review of what happened.”

The incident was captured by several audience members who posted the video on social media.

NEW: During Indiana Jones Epic Stunt Spectacular! at Disney’s Hollywood Studios today, a 400-pound boulder prop dislodged from its track. A Cast Member was injured stopping it before it reached the audience. Disney says the Cast Member received immediate care and is recovering. pic.twitter.com/TxbWYV25OX

— Scott Gustin (@ScottGustin) December 31, 2025 read more

Average US long-term mortgage rate falls to the lowest level of the year at 6.15%

Average US long-term mortgage rate falls to the lowest level of the year at 6.15%

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By MATT OTT, AP Business Writer

WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage fell to its lowest level of 2025 this week, an encouraging sign for prospective home buyers.

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The average long-term mortgage rate dipped to 6.15% from 6.18% last week, mortgage buyer Freddie Mac said Wednesday. That’s the lowest average long-term rate since October 3, 2024 when it dipped to 6.12% before shooting back up. One year ago, the rate averaged 6.91%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, fell this week to 5.44% from 5.50% the previous week. A year ago it averaged 6.13%, Freddie Mac said. read more

Orlando attractions 2026: Muppet thrill ride, Galacticoaster, sloths in action

Orlando attractions 2026: Muppet thrill ride, Galacticoaster, sloths in action

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If all goes according to the 2026 plan, Orlando-area theme parks and attractions will welcome updated animatronics, a new roller coaster, more Muppet mania, revived rides and a slew of sloths.

Yes, sloths. But slow down a second.

At Walt Disney World, expect multiple rounds of introductions at Disney’s Hollywood Studios, including the opening of the Magic of Disney Animation area in the former Star Wars: Launch Bay building. It spotlights aspects of the company’s animation efforts using a short film, come-to-life portraits, sketching, photo ops, character greetings and an indoor play area inspired by Mary Blair art, called “Drawn to Wonderland.”

Nearby, “Disney Jr. Mickey Mouse Clubhouse Live!” joins the lineup in summer, as does the revamped Rock ‘n’ Roller Coaster, featuring the Muppets and new settings.

The park’s Millennium Falcon: Smugglers Run gets an update centered on “The Mandalorian and Grogu” film as of May 22 (the flick’s opening day). The new mission includes a choice of destinations (Death Star wreckage among them) and an enhanced engineer position that communicates with Grogu. read more