Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his total giving since 2006 to more than $51 billion. The annual donation made on Wednesday is the 92-year-old Buffett’s largest, and consisted of about 13.7 million of Berkshire’s Class B shares. Buffett is donating 10.45 million shares to the…
FTC Argues Microsoft’s Deal to Buy Activision Should Be Blocked
WASHINGTON—The Federal Trade Commission (FTC) on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard, which would stop the deal from closing before the government’s case against it is heard by an administrative judge. “If this deal is completed, the combined company … is likely…
Australian Government to Reveal Reserve Bank Governor’s Position in July
The Australian government will announce the position of the Reserve Bank governor within weeks, which may bring a fresh pair of eyes to the monetary authorities’ struggle against inflation. This comes as the incumbent governor Philip Lowe will finish his seven-year term in September. Despite helping the Australian economy navigate the COVID-19 pandemic, Lowe has…
Stock Market Today: Wall Street Drifts as Central Banks Keep Cranking Interest Rates Higher
NEW YORK—Stocks drifted to a mixed finish on Wall Street Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20, or 0.4 percent, to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses elsewhere in…
Republicans Aim at EPA’s Possible Approval of California Ban on Gas-Powered Car Sales by 2035
June 22, 2023
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Business & MarketsCaliforniaCalifornia Air Resources BoardcongressDemocratseconomic policiesElectric carsemissionsenergyEnvironmentEPAExecutive BranchFeatured TopicsFederal-State RelationsFrank PalloneGas-powered vehiclesPolicies & ImpactsPoliticsRegional & State NewsRepublicansScienceState NewsUSUS News
A bill from House Republicans is targeting the Environmental Protection Agency’s ability to issue Clean Air Act waivers for California that could lead to major restrictions or even bans on gas-powered vehicles. Those waivers are a live issue. Last month, the California Air Resources Board asked the Biden administration for one so it can ban…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 22)
June 22, 2023
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Benchmark U.S. crude oil for August delivery fell $3.02 to $69.51 a barrel Thursday. Brent crude for August delivery fell $2.98 to $74.14 a barrel. Wholesale gasoline for July delivery fell 7 cents $2.55 a gallon. July heating oil fell 9 cents to $2.47 a gallon. July natural gas rose 1 cent to $2.61 per…
How Major US Stock Indexes Fared June 22
Stocks drifted to a mixed close on Wall Street after central banks around the world showed they’re not done cranking interest rates higher in their fight against inflation. The S&P 500 rose 0.4 percent Thursday. Most stocks in the index fell, but gains from some big technology stocks countered losses elsewhere. The Nasdaq rose 1…
Meta Confirms Canadians Will Be Blocked From Accessing News on Social Media Due to Passage of Bill C-18
Tech-giant Meta has confirmed that Canadians will lose access to news on its social media sites due to Bill C-18, the Online News Act, becoming law. “We have repeatedly shared that in order to comply with Bill C-18 … content from news outlets, including news publishers and broadcasters, will no longer be available to people…
Warner Mendenhall: Medical Malpractice, Unprecedented Overreach, and Hospital Protocols That Killed
June 22, 2023
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“The upper bounds of damages against Pfizer would be $3.6 trillion dollars. And obviously, Pfizer’s not worth $3.6 trillion dollars. That company would have to be seized in bankruptcy, its assets distributed and sold off, and I think that’s an appropriate end for that company. So I’m doing everything I can to get there.” After…
Senate Votes Ratify US-Chile Tax Treaty, Securing American Lithium Access
It was a landslide final vote in the Senate on June 22, which favored ratification of the critical U.S.-Chile tax treaty. One day prior, the legislative body surpassed the two-thirds supermajority required to approve treaties at 95–2. The U.S.-Chile tax treaty has been in the works since 2010, but clearing the final legislative hurdles this…
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