American investor and philanthropist; chairman of Berkshire Hathaway
Trump faces growing political peril as Republicans fracture over strategy on Iran; Democrats push to force a U.S. withdrawal from hostilities while the public grows weary of war footing and cost.
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.
Giving USA 2026 reports 2025 philanthropy at a record $617 billion, up 3% in inflation-adjusted terms. Bequests and megagifts from a handful of ultra-wealthy donors drive the rise, with MacKenzie Scott contributing about a third of megagift dollars and Warren Buffett, Bill Gates and Michael Bloomberg among top benefactors. The stock market boom underpins broader giving across individuals, foundations, and corporations.
Trump-backed Julia Letlow has won the Louisiana Senate runoff, consolidating support for his slate in Republican primaries. The race highlights Trump’s continued influence while Democratic challengers eye a path to regain control of Congress.
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.
Michael Burry has placed bearish bets against key AI-driven stocks and the SOXX semiconductor ETF, while updating bets on Nvidia, Tesla, and Caterpillar. The moves come as chipmakers and AI-related firms rally on spending and demand signals, with Burry warning the rally may be near its end.
Bloomberg and The Guardian collate evidence suggesting a close, controversial link between the Trump family’s crypto ventures and private financier Justin Sun, prompting lawsuits and calls for more transparency.
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.
Dimon has said the next JPMorgan CEO must possess broad, flexible thinking, deep brain power and emotional intelligence, and he believes the bank already has a strong bench ready to take over when needed. He emphasizes experience across the company and the ability to lead with empathy and strategic judgment.
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.
The United States has launched durable 10%–12.5% tariffs on imports from 60 economies, arguing they fail to enforce bans on goods produced with forced labor. The move takes effect as temporary levies expire, with exemptions for certain products and countries meeting compliance. Analysts warn prices could rise for consumers amid ongoing debates over trade policy.