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International travel spending in the U.S. plummets

International travel spending in the U.S. plummets

CNBC29-05-2025

CNBC's Contessa Brewer joins 'Squawk on the Street' to discuss why international travel in the U.S. has declined while tourism oversees is booming.

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Warren Buffett Said Apple's Steve Jobs Asked, What Should We Do With 'All This Cash'? — Then Did Nothing That Buffett Told Him What to Do
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Warren Buffett Said Apple's Steve Jobs Asked, What Should We Do With 'All This Cash'? — Then Did Nothing That Buffett Told Him What to Do

Long before Warren Buffett became one of Apple's (NASDAQ:APPL) biggest shareholders, he had a rare one-on-one with the company's legendary co-founder—and offered up a piece of financial advice Steve Jobs simply... ignored. In a 2012 interview with CNBC, Buffett shared a surprising weekend phone call he received "one Saturday" from Jobs himself. The Apple CEO opened with a now-iconic question: "We've got all this cash. What should we do with it?" Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. Buffett, never short on ideas when it comes to cash, walked Jobs through the standard playbook. "There's only four things you could do," Buffett told CNBC. "Stock buybacks, dividends, acquisitions... and sitting with it." Jobs ruled out acquisitions. He wasn't interested. Buffett then pivoted to buybacks. "I would use it for repurchases if I thought my stock was undervalued," Buffett said he told Jobs. "How do you feel about that?" Jobs didn't hesitate. "I think our stock's really undervalued," he replied. It was trading around $200. Buffett's follow-up was blunt: "Well, you know, what better can you do with your money?" Trending: Maximize saving for your retirement and cut down on taxes: . But Jobs didn't act. "He didn't do anything," Buffett said. "He just liked having the cash." Buffett later learned Jobs had apparently told others that Buffett agreed with doing nothing. "That was not the case," Buffett added with a laugh. Jobs passed away in 2011, and it wasn't until 2012 under Tim Cook's leadership that Apple began a massive buyback program. Over the next decade, Apple would go on to repurchase more than $467 billion in shares—one of the most aggressive capital return programs in corporate history. Buffett, for his part, didn't start buying Apple until Q1 2016, years after that Saturday phone call. At the time, Apple stock traded at about 10 times trailing earnings. Buffett admitted he didn't know much about iPhones, but he understood customer loyalty—and Apple had plenty of it. It paid off. By 2025, Apple is Berkshire Hathaway's largest holding, with about 300 million shares in the portfolio. Even after trimming the position in 2024, it still makes up roughly a quarter of Berkshire's equity has repeatedly praised Tim Cook's leadership. At Berkshire Hathaway's (NYSE:BRK, BRK.B)) 2025 annual shareholders meeting, he stated, "I'm somewhat embarrassed to say Tim Cook has made Berkshire a lot more money than I've ever made for Berkshire." He added, "Nobody but Steve could have created Apple, but nobody but Tim could have developed it like it has." So, what happens when the Oracle of Omaha gives you advice and you ignore it? In Apple's case, things still turned out just fine. But if Jobs had listened back then, Apple might've gotten a head start on making shareholders very, very happy—with no new product launch required. Read Next: Maximize saving for your retirement and cut down on taxes: . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Warren Buffett Said Apple's Steve Jobs Asked, What Should We Do With 'All This Cash'? — Then Did Nothing That Buffett Told Him What to Do originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. 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

What's next for Oura Ring in personal health and fitness monitoring, according to CEO Tom Hale
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When the idea for the Oura Ring was first spawned in 2013, the company's founders envisioned a device that would take a precise look at sleep and recovery, two important aspects of overall health that they felt few wearable tools had prioritized to that point. Now, over a decade later, Oura's ambitions have evolved to transform healthcare and personal health, all while disrupting the growing wearables industry. "The vision for the future of Oura has to do with the doctor in your pocket," Oura CEO Tom Hale said in an appearance on CNBC's "Squawk on the Street" on Tuesday. "Everyone already has kind of a supercomputer in their pocket — everyone should have a wearable device which is monitoring them continuously that just fits into their life, and then a machine intelligence which is overlooking them to provide them preventative personal care to help them live their best and healthiest life." Oura, which was ranked No. 23 on the 2025 CNBC Disruptor 50 list, has hastened its shift towards broader health monitoring through a combination of technological upgrades, product advances, fundraising, acquisitions, and the usage of AI, LLMs and analytics. That has helped the company broaden its vision from just sleep to cardiovascular health, stress & resilience, women's health, and now nutrition and eating habits. It also means evolving beyond tracking things just with a ring, leading Oura into new partnerships with companies like Dexcom, one of the leaders in glucose biosensing via its glucose monitor, and through features like an AI health coach and the ability to take pictures of your food and upload it into the app for nutrition breakdowns and AI-driven advice. While that pushes Oura further into a broader wearables category competing alongside more all-in-one devices like watches from Apple, Google and Samsung, as well as focused fitness devices from companies like Garmin and Whoop, Hale said that the rest of the category "pushes us to go further and farther ahead in creating innovations that are going to blow people's minds." "We're really focused on the things that matter that are going to change your health picture," he said. Hale said he believes one of the biggest competitors Oura faces is "people just not being aware of the benefits" of wearing the ring, but the company's increased focus on overall health and wellness is resonating with consumers. In June 2024, Oura announced that it had sold more than 2.5 million rings. Now, about a year later, Hale said the company has "roughly doubled the business, and we continue to grow." Hale said the company had previously announced it was going to do about $500 million in revenue last year, and this year "it's definitely going to be a lot larger than last year." While that doesn't mean an IPO is on the horizon — Hale said the company has "some catching up to do before we're ready to be a public company" — Oura sees plenty of room ahead to continue to lean into what its ring wearers are increasingly looking for. "We see a world where you might be using some sensor for some amount of time to learn some lesson, but the device you're going to have on your body to monitor your sleep, your activity, your overall health [and] make predictions about your health, will be the Oura Ring," Hale said.

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