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What will happen with Warren Buffett’s billions when he dies? Some of it might go to every kid on the planet. So reports the Wall Street Journal in a recent investigation of the future of Buffett’s fortune, which is worth $96.8 billion at the time of this article’s publication. In 2006, the Berkshire Hathaway CEO pledged to give away 85% of his stock in the company to charity, designating the majority of it to the Bill & Melinda Gates Foundation. Four years later, he vowed to… Source link

(Bloomberg) — Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd. to finance a buyback program, reversing a pledge to hold onto the full shareholding. Most Read from Bloomberg Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.6% lower at the close. “We will keep selling Tencent shares… Source link

(Reuters) – Airlines canceled nearly 700 flights in the United States early Monday, as they struggled to keep up with a surge in summer travel demand due to a shortage of staff ranging from pilots to crew members. Total flight cancellations within, into, or out of the United States as of 6.07 am ET were 669, as per flight-tracking website Flightaware.com. Nearly 860 flights were canceled on Sunday. Delta Air Lines, United Airlines Holdings Inc and Republic Airlines Inc had over 100… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Monday, June 27, 2022 I am rather amazed by the powerful effects of taking my first day off in about four years last week. What’s left is a (mostly) clear head with physical batteries that are more charged up… Source link

Lead, South Dakota–(Newsfile Corp. – June 27, 2022) – Dakota Gold Corp. (NYSE American: DC) (“Dakota Gold” or the “Company”) is pleased to announce that it will be included in the Russell 3000 Index, effective after the U.S. market opens on June 27th, 2022 as part of the 2022 Russell indexes annual reconstitution. “Dakota Gold’s selection for inclusion in the Russell 3000 Index represents a significant milestone for the Company,” commented Jonathan Awde, President, CEO and Director of Dakota… Source link

(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Most Read from Bloomberg Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they wrote in a note, with a decline in both bond yields and oil prices having eased some worries around runaway inflation and helping the benchmark snap a… Source link

A logo of Google is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 15, 2022. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register BRUSSELS, June 27 (Reuters) – Google was hit with an antitrust complaint on Monday after a Danish online job-search rival took its grievance to EU regulators, alleging the Alphabet unit had unfairly favoured… Source link

When you walk the walk, you earn the right to talk the talk as well. Stanley Cup champion Nazem Kadri took the opportunity to do just that during his postgame on-ice interview following the Avalanche’s 2-1 Game 6 victory to clinch the NHL’s grandest prize. “For everyone that thought I was a liability in the playoffs you can kiss my ass.” Kadri told Sportsnet’s David Amber and Elliotte Friedman. Kadri has infamously been suspended three different times in the playoffs, twice with the… Source link

The Avalanche are on top of the hockey world after winning the Stanley Cup. (Photo by Bruce Bennett/Getty Images) All dynasties fall. The Colorado Avalanche have ended the Tampa Bay Lightning’s rule atop the NHL world, winning their third Stanley Cup in franchise history and first in 21 years with a 2-1 victory over the defending champions in Game 6 on Sunday night at Amalie Arena. Artturi Lehkonen kept with his theme of scoring in major moments, converting a go-ahead goal and eventual… Source link

HOUSTON — Late last week, when details of the NFL’s suspension stance in the Deshaun Watson investigation began to privately circulate between parties involved in the case, a source in the middle of it all proposed that there was a single piece of information the league wanted publicly leaked. It was a nugget that would act like a public relations shield if Watson’s hearing before an independent disciplinary arbitrator didn’t unfold the way the league office thought it should. In the… Source link