Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. The legendary investor, who’s turning 94 in August, converted 8,674 of his Berkshire Class A shares to donate more than 13 million Class B shares, according to a statement Friday. A…
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the…
If you were looking for a sign of weakness in the U.S. economy, you’re not going to find it at the airport. The Transportation Security Administration reported this week that it screened a record 2.99 million passengers on Sunday — a new high that may not last long. This post…
Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain on Thursday morning announced quarterly earnings that fell short of Wall Street expectations. Walgreens’ stock price dropped 22% on the day. In an interview with…
The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering costs for certain older Americans enrolled in Medicare. President Joe Biden has made lowering U.S. drug prices a key pillar of his health-care agenda and reelection platform for 2024. A provision of Biden’s Inflation Reduction Act requires…
It’s been almost 20 years since the founding of Alphabet’s YouTube, and Hollywood still doesn’t really know what to do with it. YouTube, which effectively invented user-generated content, claims a daunting share of overall media consumption. And it’s no longer just dominating the internet, it’s dominating the living room, too. YouTube made…
International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Thai banks have now become the main source through which the Myanmar military is buying weapons and military supplies –…
San Diego’s newest giant pandas are en route from China to California, according to Chinese state media – marking the first time Beijing has granted new panda loans to the United States in two decades. The two pandas, Yun Chuan and Xin Bao, left the Bifengxia base of the China…
WikiLeaks founder Julian Assange will take a dip in the sea, get some proper rest and try much-missed food as “a free man,” his wife has revealed, a day after the Australian landed home after striking a remarkable plea deal with US prosecutors. The 52-year-old on Monday left the British…
France’s snap parliamentary election is one of the most momentous in decades, for both the country and the rest of Europe. Within two weeks, France could have a hard-left or hard-right government – or descend into political deadlock if no bloc wins a majority, leaving Paris hamstrung as problems mount…