American investor and philanthropist; chairman of Berkshire Hathaway
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.
The report, drawing from multiple outlets, notes a surge in AI-themed exchange-traded funds and the expanding use of leverage. Investors are warned about volatility and the risk of volatility decay as products chase the AI story.
The US has imposed new 10%–12.5% tariffs on imports from 60 trading partners, saying they have not effectively enforced bans on goods produced with forced labour. The levies replace expiring temporary duties and include product exemptions, while trading partners from Brazil to Australia have criticised the move and markets have reacted with caution.
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.
Nvidia has enlisted six Wall Street firms to finance a $500 billion buildout of AI infrastructure, treating compute as a new asset class. The plan centers on financing data centers and GPU clusters for customers unable to pay upfront, with OpenAI-related projects and neoclouds in focus. Executives cite long-term value and revenue generation, while cautions focus on depreciation risk and China’s potential price competition.
Randall Lane has been dismissed as Forbes’ chief content officer after it emerged he received a payment from RJ Shook of Shook Research. The payment, described by Lane as a gift, raises conflict-of-interest concerns amid Forbes’ editoral standards. The Times and AP report describe Lane’s resignation and the company’s stance, while broader public trust in media is noted.
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.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
Warren Buffett has stepped down as chairman of Berkshire Hathaway and has become chairman emeritus, remaining on the board. His son, Howard Buffett, has become non-executive chairman while Greg Abel continues as chief executive. The move completes a long‑planned succession more than nine months after Buffett handed the CEO role to Abel.
Large floods persist in northern Vietnam as rain stops, with authorities evacuating hundreds and warning of continued flooding along rivers and low-lying areas. Damage includes thousands of hectares of crops, homes submerged, and multiple fatalities. Forecasters warn heavy rain will resume in southern regions in coming days.
Berkshire Hathaway has nearly doubled its stake in Lennar to about 25.4 million shares, valued at roughly $2.1 billion, as the housing market slows and mortgage rates stay high. The purchases occurred between Sept. 17 and Sept. 21, with additional buys reported later in the week. Lennar’s quarterly results were weak, and Berkshire’s move is seen as a classic value play within the portfolio, guided by Ted Weschler.