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Billionaire Warren Buffett Sold 39% of Berkshire's Stake in Bank of America and Is Piling Into a Historically Cheap Legal Monopoly

Billionaire Warren Buffett Sold 39% of Berkshire’s Stake in Bank of America and Is Piling Into a Historically Cheap Legal Monopoly

The Oracle of Omaha has jettisoned more than 401 million shares of Bank of America stock since mid-July 2024, and built up a greater than 35% stake in one of America’s few publicly traded legal monopolies. At the end of the year, billionaire Warren Buffett will officially step down as Berkshire Hathaway‘s (BRK.A -0.34%) (BRK.B…

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Bill Gates Is Betting Two-Thirds Of His Foundation's Portfolio In These 3 Stocks - Microsoft (NASDAQ:MSFT), Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)

Bill Gates Is Betting Two-Thirds Of His Foundation’s Portfolio In These 3 Stocks – Microsoft (NASDAQ:MSFT), Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)

The Gates Foundation Trust, founded by the billionaire Bill Gates, has a portfolio valued at $41.806 billion, which is concentrated in these three stocks as of the end of the first quarter of 2025. What Happened: The foundation has received donations from Gates and the Oracle of Omaha, Warren Buffett, since the year 2000 and…

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Chinese Dual Aircraft Carrier Deployment

China Reveals Details of Dual Aircraft Carrier Operations in West Pacific

The Chinese navy said on Monday that its two aircraft carriers repeatedly encountered foreign warships and aircraft while operating simultaneously in the broader western Pacific. Both CNS Liaoning and CNS Shandong maintained “high vigilance and responsiveness” to combat scenarios, handling the situation “professionally and soundly,” China‘s navy said. Newsweek has contacted the Chinese Defense Ministry…

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Reuters

US startup Lyten to take over Northvolt’s energy storage systems factory in Poland

WARSAW (Reuters) -Silicon Valley startup Lyten will take full ownership of Northvolt Dwa ESS, Europe’s largest energy storage systems factory, in a move to expand its product line, the U.S. company said on Tuesday. Northvolt filed for bankruptcy in March, one of Sweden’s largest corporate failures and effectively ending Europe’s best hope of developing a…

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Elon Musk slams Trump’s ‘Big Beautiful Bill’, calls for new political party | Politics News

Elon Musk slams Trump’s ‘Big Beautiful Bill’, calls for new political party | Politics News

The world’s richest man and the US president have traded insults over Donald Trump’s tax cuts and spending bill. Tech billionaire Elon Musk has stepped up his criticism of United States President Donald Trump’s tax cuts and spending bill and renewed his call for a new political party. Musk’s criticism of Trump’s 940-page “Big, Beautiful…

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