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.
California has signed a nearly $352 billion budget with targeted tax measures to raise revenue while delaying some healthcare cuts. The plan includes a healthcare provider tax, a new software sales tax, and limits on corporate tax breaks. Democrats defend the package as protecting reserves and shielding vulnerable communities, while Republicans condemn it as backdoor taxation.
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.