Berkshire profit falls as underwriting loss offsets railroad gains

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad business.

The next Apple Watch reportedly won’t need an iPhone for data

 The Apple Watch is one slick piece of engineering — but it’s not without its faults. Amongst other things: if you want to leave your phone at home, your smart watch is suddenly a good bit less smart. Without an iPhone nearby, it can’t pull data — be it messages or music — over the cell networks. According to the latest whispers out of the rumor mill, that might… Read More

Google and Facebook envision Stories for news, not social

 Stories taught us the joy of dictating the pace of content consumption. We fast-forward in 10-second increments, with a quick trigger finger let loose the moment we get bored. That’s why soon, endless paragraphs of text and time-consuming videos might not be the only ways to get the news. This week, signs were revealed suggesting both Facebook and Google believe Snapchat’s… Read More

It’s Dota 2 time: Y‘all should watch The International

The biggest competition in all of e-sports is about to kick off in earnest: the Dota 2 International 2017 starts on Monday. Sixteen teams will compete in Seattle’s KeyArena for a prize pool of more than $23 million, with the winning team alone picking up more than $10 million.

For reasons that aren’t remotely clear to me, there are still a few people out there who don’t play this free-to-play gaming masterpiece. Sure, you’ll have to sink a breezy few hundred hours into the five-on-five action real-time strategy game to really have a good grasp of it, but it’s the most richly rewarding (and occasionally frustrating) gaming experience in the world.

Dota 2 has a large professional competitive scene, driven by several million-dollar tournaments over the year, and Valve’s The International is the biggest of them all—the highlight of the Dota 2 calendar. The group stage is already underway, with the main event starting in front of a live Seattle crowd on Monday, August 7th at 10am PT. (You can track the progress at the Flying Courier.)

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U.S. submits formal notice of withdrawal from Paris climate pact

WASHINGTON (Reuters) – The U.S. State Department has officially informed the United Nations it will withdraw from the Paris Climate Agreement in a document issued on Friday, but left the door open to re-engaging if the terms improved for the United States.