American multinational conglomerate led by Greg Abel, overseeing a vast portfolio
The SpaceX IPO has launched, commanding a multi-trillion-dollar market cap and drawing investor attention to AI-focused stocks like Anthropic and OpenAI. Analysts warn about overvaluation and the risk of market concentration as new supply floods the tech sector.
A Cessna Latitude crashed on Loop 20 in Laredo, Texas, killing one person and injuring others as bystanders helped pull victims from the burning wreckage. The highway remains closed as investigators assess the scene and determine cause.
A NetJets-operated Cessna Citation Latitude crashed on a Texas highway near Laredo, killing one person and leaving others injured. The jet was en route from Los Cabos to Austin when it suffered mechanical issues, prompting an emergency landing and a fiery crash that halted traffic. Survivors are hospitalized in stable condition; investigations by NTSB and FAA have begun.
A NetJets Cessna Citation Latitude crashed on a highway near Laredo, Texas, killing one person and leaving several survivors, including two teenagers and two pilots. Good Samaritans and police rushed to aid those aboard as the fuselage broke across a barrier and fire engulfed the cabin.
Buffett has postponed his annual Berkshire Hathaway stock donation to the Gates Foundation while awaiting the outcomes of an external review into past ties between the foundation and Jeffrey Epstein. The Gates Foundation has engaged WilmerHale for the probe, and findings are expected this summer; Buffett’s decision may align with the review’s results and the broader scrutiny surrounding Bill Gates.
Democratic Socialists of America-backed candidates have swept primaries in New York City and beyond, signaling a growing movement that now confronts rural areas and state legislatures.
Warren Buffett has redirected about $6 billion of Berkshire Hathaway stock away from the Bill & Melinda Gates Foundation to four family foundations and has accelerated plans to distribute his remaining Berkshire shares by Dec. 31, 2034. He has said he reviewed Bill Gates’s testimony about Jeffrey Epstein and has met Gates in Omaha since those documents were released.
The Gates Foundation has released a three-page summary of a WilmerHale review into its past engagements with Jeffrey Epstein. The review finds no evidence of payments to Epstein or illegal activity, but notes that Gates and foundation staff met Epstein about 30 times from 2011 to 2014, focusing on a donor-advised fund concept and a grant to the International Peace Institute. Gates expresses regret and the foundation says it will strengthen governance and vetting.
Investors are piling into AI-focused exchange-traded funds, including leveraged products that amplify daily moves. The wave comes as traditional mutual funds see outflows and ETFs capture more capital, while bond exposure faces debate amid volatility and new regulatory considerations.
Berkshire Hathaway has reduced its cash pile to $365.5 billion and heavily increased stock buybacks and equity purchases in Q2 under new CEO Greg Abel, signaling a shift in capital allocation while Buffett remains involved as chairman.
Google has unveiled a new Pixel 11 lineup featuring Gemini AI across devices, including Live Transcribe for ASL, Rambler voice transcription, Circle to Search in-camera, and a pro/fold variant lineup with expanded storage and higher prices. New camera and accessibility features aim to showcase AI-driven task automation and smarter interfaces.
Berkshire Hathaway has increased its Alphabet stake to about 106 million shares—valued near $37.8 billion as of June 30—while expanding in Delta Air Lines and Lennar, and trimming holdings in several financial stocks. The shift comes under CEO Greg Abel, with Warren Buffett remaining involved but not dictating every move. The quarter also shows Berkshire’s cash pile declining as it deploys capital.