Warren Buffett omitted the Gates Foundation from his annual donations and will give about $6 billion in Berkshire Hathaway stock to four family-linked foundations. The move follows renewed scrutiny of Bill Gates’ past contacts with Jeffrey Epstein.
Posts published in “Financial”
A 67 million-year-old T. rex nicknamed Gus sold at Sotheby’s in New York for $50.1 million, the highest price ever paid for a dinosaur fossil. The sale exceeded estimates but renewed concerns among paleontologists about fossils entering private collections.
Trump’s proposed 20% fee on cargo crossing the Strait of Hormuz could cost large vessels tens of millions of dollars per trip. Shipping experts, companies and the U.N. maritime agency say mandatory tolls through an international strait have no legal basis.
U.S. inflation slowed to a 3.5% annual rate in June, helped by a sharp drop in gasoline prices during a temporary easing of U.S.-Iran tensions. Economists cautioned that renewed oil price increases are not reflected in the latest CPI report.
Oil prices surged after President Donald Trump said the U.S. would resume a blockade tied to Iran and charge a 20% fee on cargo moving through the Strait of Hormuz. The announcement followed U.S. strikes on Iran and renewed concerns over traffic through a waterway that normally carries about one-fifth of global energy supplies.
The 21st Century ROAD to Housing Act will become law without President Donald Trump’s signature after he tied it to a separate Republican voting bill. The bipartisan housing measure passed Congress overwhelmingly and includes provisions aimed at speeding construction and limiting institutional purchases of single-family homes.
EasyJet’s board says it is minded to recommend a £5.7 billion offer from Apollo Management, replacing support for an earlier Castlelake proposal. Apollo has until Aug. 7 to make a firm bid, while Castlelake’s deadline is Aug. 3.
Ship traffic through the Strait of Hormuz has fallen sharply after attacks on commercial vessels near the US-recommended Omani route. The dispute centers on Iran’s demand that ships use Tehran-approved lanes and US-backed calls for free passage.