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WEEKLY NEWSLETTER

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What you’ll read?

• Buffett's Billion-Dollar Gesture

• Big Banks Boost Dividends After Fed Stress Test Success

• Today in AI & Tech

• Trump Immunity Ruling

  and more…

BUSINESS

Buffett's Billion-Dollar Gesture: A Family Legacy in the Making

Warren Buffett has donated $5.3 billion in Berkshire Hathaway stock to charity, his largest annual donation. He announced that his three children will manage his $128 billion estate after his passing, shifting future donations away from the Bill & Melinda Gates Foundation. This move emphasizes Buffett's trust in his family and their role in continuing his philanthropic legacy.

Big Banks Boost Dividends After Fed Stress Test Success

JPMorgan Chase and Morgan Stanley announced significant dividend increases following the Federal Reserve's stress test, raising their payouts to $1.15 and $0.85 per share, respectively. In contrast, Citigroup made a modest increase to $0.53 per share, reflecting different strategies amid regulatory changes and economic uncertainties​.

TECH

Today in AI & Tech

• Chevron: The Supreme Court may review the Chevron doctrine, potentially altering regulatory powers of agencies like the FCC and EPA.

• BananaBin: BananaBin, an app for efficiently managing trash, is now available on macOS Sonoma, aiming to help users organize their waste management.

• Apple-Google: Apple is reportedly in talks with Google about integrating its Gemini AI into iPhones, iPads, and Macs, signaling a potential collaboration in AI technology.

• Fortnite: Metallica performed a virtual concert in Fortnite, with band members discussing the unique experience and how it brings their music to a new audience.

• EV Quality: Electric vehicle manufacturers are facing quality control issues, with software problems being a significant factor affecting consumer satisfaction.

Other

Trump Immunity Ruling

The Supreme Court is set to issue a significant decision on former President Donald Trump's claim of immunity from criminal liability for actions taken while in office. Trump faces charges of conspiracy to defraud the U.S. and obstructing an official proceeding in the 2020 election subversion case. Arguments were heard in April, with Trump asserting "absolute immunity" for his actions. The ruling is highly anticipated today.

Hurricane Beryl Threat

Hurricane Beryl, an "extremely dangerous" Category 4 storm, is heading towards the southeastern U.S. The hurricane is forecasted to make landfall soon, with severe weather conditions expected. Authorities are urging residents in the storm's path to take precautions and prepare for potential evacuations.

Gaza-Israel Conflict

Gaza militants have fired rockets into Israel, escalating tensions in the region. The Israeli military has retaliated with airstrikes, targeting militant sites in Gaza. This exchange marks another chapter in the ongoing conflict between Israel and Gaza, with international calls for de-escalation growing.

It's a Wrap!

Thank you for joining us in this journey through the latest updates and insights. Your engagement and support mean the world to us. We hope you found this newsletter both informative and inspiring. Stay tuned for more exciting news and stories in our next edition.

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Warm regards,
Garry