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☆ Want to Be Trump’s Running Mate? Make Sure He Knows About Your Donors.
▼ + stars: | 2024-06-30 | by ( Michael C. Bender | Theodore Schleifer | ) www.nytimes.com time to read: 1 min

During his 2016 campaign, Donald J. Trump orchestrated a takeover of the Republican Party in part by blasting wealthy political donors as the root of corruption and delivering a populist message that appealed to working-class voters. Eight years later, one of his key decision points in choosing a running mate is connections to the superrich. As the end of the selection process approaches, with an announcement expected in the next two weeks after months of suggestion and misdirection, Republican hopefuls are looking to convince Mr. Trump that they have the financial backing behind them that could help swing the race. There are other factors that could make for a good match. Mr. Trump is said to be considering candidates with discipline on the campaign trail, who will not steal his precious spotlight and would fare well in a debate with Vice President Kamala Harris.

Persons: Donald J, Trump, misdirection, Kamala Harris Organizations: Republican Party

☆ India’s women break multiple records in astonishing Test match against South Africa
▼ + stars: | 2024-06-30 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —So astonishing was the first innings of the Test between India’s women and South Africa’s women that multiple new entries needed to be made into cricket’s record books by the time India had declared on the second day of play. In posting 603 for six before declaring in Chennai, India scored the highest total in women’s Test cricket and became the first to surpass the 600-mark in first-class cricket, according ESPN’s cricinfo. The opening day’s 525 for 4 was the most runs scored by any team, men or women, in a day’s play of Test cricket, and the first 500-plus total on day one in women’s Test cricket. Shafali Verma was the standout performer in an unforgettable start to the one-off encounter, scoring 205 for the fastest double century in women’s Test history. Her partnership of 292 runs with Smriti Mandhana is the highest opening stand in women’s Test cricket.

Persons: Shafali Verma, Smriti Mandhana, Harmanpreet Kaur, Richa Ghosh, ” Shafali, “ Organizations: CNN, women’s, “ Locations: South, India, Chennai, South Africa

☆ I compared a $41 coach bus to a $195 luxury bus. The pricier option was better than flying first-class.
▼ + stars: | 2024-06-30 | by ( Elizabeth Blasi | ) www.businessinsider.com time to read: +1 min

I rode on a $195 luxury bus and a $41 standard coach bus between New York City and the Hamptons. The Hamptons Streamliner had incredibly comfortable seats, fun snacks, and great WiFi. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I recently explored two contrasting bus journeys: the luxurious Hamptons Streamliner (a new partnership between Blade Helicopters and The Jet luxury bus service) and the budget-friendly Jitney coach bus. The Streamliner cost $195 one-way, and the Jitney cost $41.

Persons: —, Jonothan Yarton Organizations: Hamptons, Service, Blade Helicopters, Jet, Business Locations: New York City, Manhattan

☆ The World’s Next Big Drag Queen Is Brazilian
▼ + stars: | 2024-06-30 | by ( Jack Nicas | Victor Moriyama | ) www.nytimes.com time to read: +1 min

São Paulo’s main avenue was packed this month with thousands of people draped in the yellow and green of the Brazilian flag and captivated by a commanding figure atop a tractor-trailer rigged with speakers. From above, the scene could have maybe passed for one of the many political rallies held in the same spot by former President Jair Bolsonaro, the Brazilian far-right leader who has infamously declared that he could never love a gay son. (Though, to be fair, the enormous rainbow flag would be a giveaway.) It was, in fact, one of the world’s largest Pride parades, and the person atop the sound truck was Phabullo Rodrigues da Silva, 30, the gay son of a working-class single mother in Brazil’s north. Yet everyone in the crowd knew him as Pabllo Vittar, a 6-foot-2-inch drag queen in a glittering cutoff Brazilian soccer jersey and shredded jean shorts — one of the biggest pop stars in this nation of 203 million.

Persons: Jair Bolsonaro, Phabullo Rodrigues da Silva, Pabllo, jean Locations: Brazil’s

☆ Gen Xers who began their financial independence journeys in their 40s and 50s explain how they're on pace to meet their early retirement goals
▼ + stars: | 2024-06-30 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Now almost 57, Murillo, who lives in the Chicago area, has a net worth of over $1.1 million and is on pace to reach financial independence within three years. AdvertisementShe developed a plan to pay off her debt, saving roughly 40-50% of her net income of between $120,000 and $140,000. Murillo is one of many Americans who started their financial independence journeys later in life but are on pace to meet their early retirement goals. AdvertisementBy the time he turned 50, he and his wife had a net worth of almost a million. AdvertisementBy 47, she reached a million in net worth, which was about 25 times her expenses.

Persons: —, Gina Murillo, Murillo, I'd, Gen Xers, Bill Yount, Yount, what's, He's, Jackie Cummings Koski, could've Organizations: Service, Business, FI, Vanguard, Walmart, LexisNexis, FIRE Locations: Chicago, Tennessee, South Carolina, Ohio

☆ England 2 Slovakia 1 – Southgate’s side scrape through, Bellingham to the rescue, tactical questions remain
▼ + stars: | 2024-06-30 | by ( Jacob Whitehead | Oliver Kay | ) www.nytimes.com time to read: +11 min

England edged past Slovakia to reach the Euro 2024 quarter-finals, but only after staring a humiliating defeat in the face. England did get the ball in the net early in the second half, but Phil Foden’s effort was ruled offside. That gave Southgate’s team a lead that they defended successfully for the remainder of extra time to retain their place in the tournament… just. AdvertisementAcross their four matches at this tournament, England showed consistent failings that have not been addressed. Peter RutzlerWas the first half England’s worst of the tournament (so far)?

Persons: Gareth Southgate’s, Ivan Schranz, Jordan Pickford, Phil Foden’s, Declan Rice, Jude Bellingham, —, Harry Kane, Jacob Whitehead, Oliver Kay, Mark Carey, Peter Rutzler, Gareth Southgate, Kyle Walker, Marc Guehi flicked, Cole Palmer, Eberechi Eze, Ivan Toney, Southgate, Carl Recine, Oliver Kay Breaking, Jude Bellingham’s, Marc Guehi, Martin Dubravka, Bellingham, Gareth Southgate England, Kieran Trippier, Trent Alexander, Arnold, Conor Gallagher, Kobbie Mainoo, Ian MacNicol, England —, Toney, Harry Kane’s, underperformance —, Kobbie, Shaun Botterill, John Stones, Ivan Schranz’s, England …, Mainoo Organizations: Slovakia, England, Switzerland, Adidas, Championship, Argentina Locations: Slovakia, England, Ruhr, ignominy, —, Dusseldorf, Bellingham, Martin, Southgate’s, Iceland, Switzerland, Gelsenkirchen

☆ I stayed in a $5,400 suite on Silversea's new ultra-luxury cruise ship — here's why it's worth the cost
▼ + stars: | 2024-06-29 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

I stayed in a Deluxe Veranda suite on Silversea's new ultra-luxury Silver Ray cruise ship. In 2024, the Deluxe Veranda suite starts at $5,400 per person for an eight-day cruise. AdvertisementI regret to report that my new favorite cruise cabin starts at $675 per person per day. In mid-June, ultra-luxury cruise line Silversea's latest ship, Silver Ray, set sail on its maiden voyage, marking the second Nova Class vessel to join the company's now 12-ship fleet. Luckily, my cabin was one of the most luxurious I've ever stayed in, both on land and at sea.

Persons: —, Silver Ray, Silversea Organizations: Service, Nova

There were discussions with political advisers about arcane rules under which Mr. Biden might be removed from the ticket against his will and replaced at or before the Democratic National Convention, according to a person familiar with the effort. In Silicon Valley, a group of megadonors, including Ron Conway and Laurene Powell Jobs, were calling, texting and emailing one another about a situation they described as a possible catastrophe. The donors wondered about whom in the Biden fold they could contact to reach Jill Biden, the first lady, who in turn could persuade her husband not to run, according to a person familiar with the conversations. A Silicon Valley donor who had planned to host an intimate fund-raiser featuring Mr. Biden this summer decided not to go through with the gathering because of the debate, according to a person told directly by the prospective host. Another major California donor left a debate watch party early and emailed a friend with the subject line: “Utter disaster,” according to a copy of the email.

Persons: Biden’s, Biden, Ron Conway, Laurene Powell Jobs, Jill Biden Organizations: Democratic, Democratic National Convention Locations: America, Silicon Valley, California

☆ An inside look at the workings of the 4-part arbitrage and momentum quant strategy driving an award-winning fund that's beaten 99% of its peers
▼ + stars: | 2024-06-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

For the ATRFX fund, this means betting on currencies, equities, commodities, and bonds, but not in a direct way. Instead, it employs everything from arbitrage strategies, riding out momentum and interest rates, or sitting on the sidelines when it's choppy. Over the last couple of years, higher interest rates have brought in some good yields. Related storiesOne step further is to arbitrage interest rates across currencies. Investors can do this by identifying national currencies with low interest rates, borrowing in that currency, and then lending in the currencies with higher interest rates.

Persons: David Miller, ATRFX, Miller, It's, that's, Yen, it's Organizations: Service, Systematic Alpha Fund, Business, Catalyst Capital Advisors, BNP Paribas, BNP, Commodities Commodities, Bloomberg, Federal Reserve

☆ I was the first Black female pilot in the US Air Force, and captained a commercial jet for 30 years. Some people still questioned if I was qualified to fly.
▼ + stars: | 2024-06-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Captain Theresa Claiborne, the first Black female pilot in the US Air Force and a captain at United. The hardest period of my lifeIn 1980, the Air Force only had 10 slots for women per graduating class, and they had already been filled for the year. I flew out to Laughlin Air Force base in Texas to start pilot training. Captain Theresa ClaiborneEntering active duty in the Air Force, I did feel the pressure. AdvertisementI tell the young ladies I mentor the same thing I told myself: be so good that they can't say you're not good.

Persons: —, Captain Theresa Claiborne, Theresa Claiborne Captain Theresa Claiborne, I've, Theresa Claiborne, Theresa Claiborne I'm Organizations: Service, US Air Force, United, Business, Reserve Office Training Corps, Cessna, Air Force, Laughlin Air Force, Boeing, Companies, Women, Aviation Locations: Berkeley, Texas, Newark, Cape Town, Johannesburg, Tel Aviv, Delhi, Lisbon

☆ I gave my daughter an uncommon name. People always pronounce it wrong but I still love it.
▼ + stars: | 2024-06-29 | by ( Sara Rowe Mount | ) www.businessinsider.com time to read: +4 min

My name also appeared on the top 10 girls names lists throughout the 80s, so everywhere I went there was another Sara(h). The spelling people even use when replying to emails signed with the correct spelling. I have a friend that I've known for almost 10 years that still spells my name wrong. We wanted to name our child something that wasn't popularThe author (right) and her husband have pretty common names, so they gave their daughter a less common one. I didn't realize people don't know how to pronounce CharissaWhat we didn't anticipate was that there would be confusion about how to pronounce it.

Persons: Sara, Sarah, Anne of, Anne Organizations: Service Locations: Gables

☆ Meet the 40-year-old freshmen: Millennials explain why going back to college is worth it for their paychecks and career — and why they might get more out of it than their Gen Z peers
▼ + stars: | 2024-06-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

These include insufficient money to pay for college right out of high school and, "especially for women, family constraints." "What happens when people have kids right after high school that would keep them from going to college? After graduating from high school, Jones briefly enrolled in some English courses at a university but dropped out, saying he didn't have a focused mindset at the time. I haven't dealt with who I am or where I am in life," Jones told BI. According to a recent report from Gallup and the Lumina Foundation on the state of higher education in 2024, "adults' interest in pursuing some form of higher education is at the highest level" the organizations ever recorded.

Persons: Laura Rodgers, Rodgers, she's, I'm, Laura Rodgers Rodgers, she'll, Pauline Corblet, New York University Abu Dhabi, Corblet, it's, Alexander Jones, Jones, wasn't, Alexander Jones Jones, didn't, Josh Becker, He's, Becker, Matt, Matt —, — Organizations: Service, Business, National Center for Education Statistics, National Bureau of Economic Research, New York University, Deloitte, Gallup, Lumina Foundation Locations: New York University Abu

Rights groups are furious the Taliban meeting is going ahead without Afghan women, and say it legitimizes Afghanistan’s leaders and fails to hold them to account for grave injustices. Whatever we had, we spent it,” Arzo’s brother Ahamad, a 27-year-old journalist under threat from the Taliban due to his occupation, told CNN in November. Arzo told CNN what drove her suicide attempt. Pakistan’s policy on “illegal foreigners” is no different to that of other nations, Pakistani Ministry of Foreign Affairs spokeswoman Mumtaz Zahra Baloch told CNN. CNNArzo doesn’t want a life like that for herself, her sister, or the women and girls still in Afghanistan.

Persons: ”, Arzo, Javed Iqbal, ” Richard Bennett, Zabihullah Mujahid, “, Richard Bennett, weren’t, – they’ll, They’re, Mahsa, Ahamad, Doctors, Arzo’s, CNN Arzo hadn’t, ” Mahsa, they’ve, can’t, Moniza Kakar, Rain, Kakar, Abbas, Mumtaz Zahra Baloch, Baloch, hadn’t, ” Amanullah, He’s, Amanullah, he’s, CNN Arzo, Heather Barr, ” Barr, “ It’s, Bennett, she’ll, “ I’m Organizations: CNN, Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, Pakistan CNN —, United Nations, Human Rights, UN, Security, “ ACC ”, Afghan, ACC, Pakistani Ministry of Foreign, “, Taliban, Human Rights Watch, International Court of Justice, Criminal Court, ICC Locations: Karachi, Pakistan, Pakistani, Afghanistan, CNN Pakistan, Doha, Qatar, Afghan, Kabul, Islamabad, –, Soviet, ”, Canada, Israel, Gaza

☆ How do you actually network to land a new job? Microsoft's ex-VP of HR explains
▼ + stars: | 2024-06-29 | by ( Chris Williams | ) www.businessinsider.com time to read: +7 min

AdvertisementStep outside your bubble and network with other organizations in your industryBetter yet, get outside your current organization. Outside your organization, they're at that conference you went to last year. The conversation should be about the person you're networking withRemember in these conversations to make the discussion all about the person you're networking with. AdvertisementThe results take time but can last foreverThe results of great networking aren't fast. But a great network can last a lifetime.

Persons: —, I've, Anne, Gee, you've, You'd, let's Organizations: Service, Business, Microsoft

☆ How the US Navy tried — and failed — to sink carrier USS America for weeks
▼ + stars: | 2024-06-29 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

The penultimate conventionally-powered aircraft carrierUSS America, seen transiting the Indian Ocean, featured an angled deck that allowed it to simultaneously land aircraft while launching others from catapults off its bow. PH2 Robert D. Bungle/National Archives CatalogUSS America was initially ordered as one of the six nuclear-powered aircraft carriers in the Enterprise class. It was the second to last conventionally powered carrier, followed by USS John F. Kennedy before the Navy began building its nuclear-powered carrier fleet. The America was one of three Kitty Hawk-class carriers, including the lead ship and USS Constellation. The America was first designated as an attack aircraft carrier and reclassified to an aircraft carrier in 1975 following a major overhaul the previous year.

Persons: Robert D, USS John F, Kennedy, Kitty Hawk Organizations: America, Enterprise, Navy, USS, USS Constellation, Newport News Shipbuilding, Norfolk Naval Shipyard Locations: America, Virginia

☆ Airlines got too confident, and now they are paying the price despite record-breaking travel
▼ + stars: | 2024-06-29 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.

Persons: —, Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, —, Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United

☆ How ‘Rural Studies’ Is Thinking About the Heartland
▼ + stars: | 2024-06-29 | by ( Emma Goldberg | ) www.nytimes.com time to read: +1 min

Kristin Lunz Trujillo grew up proud of her family’s way of life. Despite being physically close to home, Ms. Lunz Trujillo was surprised by how foreign her upbringing seemed at the college. When an art history teacher asked students which famous paintings they’d seen in person, Ms. Lunz Trujillo stayed quiet, because she had never been to an art museum. This sense of cultural alienation molded her research when she became a political scientist: What is rural identity? This year, Ms. Lunz Trujillo, now an assistant professor at the University of South Carolina, was reading a new, best-selling book that cited her research to explore those same questions.

Persons: Kristin Lunz Trujillo, Lunz Trujillo Organizations: University of South Locations: Carleton, Minnesota, University of South Carolina

☆ Gautam Adani wants to transform India’s biggest slum
▼ + stars: | 2024-06-29 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +18 min

Noemi Cassanelli/CNNA man works at Shaikh’s workshop in Dharavi slum on April 14. “All slum redevelopment is quite fraught,” Kamath said. Noemi Cassanelli/CNNWomen chatting in Dharavi on April 14 Noemi Cassanelli/CNNA woman carrying fabric walks along a narrow alley in Dharavi on April 14. He is India’s largest airport operator and owns India’s biggest private port operator and private thermal power operator. The state and Adani deny any wrongdoing, but that hasn’t stopped many residents from viewing Adani and his government ties with suspicion.

Persons: Noemi Cassanelli, Masoom Ali Shaikh, ”, “, Gautam Adani, Jeff Bezos, ” Adani, ” Shaikh, ” Lofty, Dharavi, they’re, Lalitha Kamath, ” Kamath, aren’t, Dilip Gabekar, Narendra Modi, Adani, ’, Gabekar, Shaikh, They’re, Baburao Mane, Mane, CNN Neeta Jadhav, Neeta Jadhav, Jadhav, Dhanshuk Purshottamwala, He’s, Kamath, Prasant, hasn’t, Modi, ferociously, Reshma Prasant Organizations: CNN, India CNN, Adani, Tata Institute of Social Sciences, Reuters, Adani Enterprises, Bharatiya Janata Party, Private, Manohar Joshi, NDTV Locations: Mumbai, India, CNN Mumbai, Dharavi, Uttar Pradesh, Gujarat, Tamil Nadu, “, Adani, Maharashtra, It’s, India’s

☆ Heat waves in Europe are getting more dangerous. Here’s what that means for travelers
▼ + stars: | 2024-06-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +10 min

CNN —Growing up in Texas, Mary Beth Walsh thought she was accustomed to high temperatures. Her hometown of Dallas, which is currently being blasted by unrelenting heat, frequently experiences heat waves. “I always joke around that I have such a high heat tolerance; I bring my sweatshirt with me to class in August (in the US),” she said. Hiking in high temperatures has been a common thread linking recent deaths in the country. Amer Ghazzal/ShutterstockExtreme heat is one consequence of climate change impacting tourist hot spots across Europe.

Persons: Mary Beth Walsh, “, ”, Michael Mosley, we’ve, ” Roo Clark, Stefanos Sidiropoulos, Sidiropoulos, acclimatize, Guglielmo Mangiapane, ” Eduardo Santander, ‘, Amer Ghazzal, Clark, ” Clark, Andrea Ammon, ECDC, Hilary Swift, ” Rebecca Carter, Carter Organizations: CNN, Dallas, “, ” Authorities, Tourism Council, Reuters, European Travel Commission, ETC, Santander, European Centre for Disease Prevention, Authorities, Bloomberg, Getty, World Resources Institute Locations: Texas, Athens, Europe, Greece, British, Suffolk, England, Skyros, Canada, Hellas, Italy, Rome, Perugia, Palermo, Rhodes, Czech Republic, Bulgaria, Denmark, Portugal, Spain, Spain’s Seville

Users of collapsed bitcoin exchange Mt. At the height of its success, the platform was the largest spot bitcoin exchange in the world, claiming to handle around 80% of all global dollar trades for bitcoin. Gox creditors creates "downside risk" next month, though it would be short-lived. Gox creditors take place in July, [this] creates a trajectory where crypto prices come under further pressure in July, but start rebounding from August onwards," the analysts wrote. Gox creditors opted for in-kind reimbursement has to do with the tax implications.

Persons: Kiyoshi Ota, Gregory Greene, Greene, Bitcoin, Greene's, John Glover, Ledn, Glover, Gox, Alex Thorn, They'll, Roger Ver, Blockstream, Adam Back, Greg Maxwell, Bruce Fenton, Thorn, there's, There's, Luke Nolan, CoinShares, JPMorgan Organizations: Bloomberg, Getty, Mt, CNBC, bitcoin, Online, Galaxy Digital, Bitcoin, Barclays, JPMorgan Chase, Gox Locations: Gox, Illinois, bitcoin, Mt

☆ Insider Today: Delta's bougie new lounge
▼ + stars: | 2024-06-29 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. On the agenda:This story is available exclusively to Business Insider subscribers. The highly anticipated lounge — which comes in at nearly 40,000 square feet — offers high-class perks like a wellness center, terrace, and full-service restaurant. BI's reporter got a tour, and says it's the best lounge of its kind. AdvertisementMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor in chief of life, in New York.

Persons: —, Tyler Le, Lisa, Nicole, Malorie, bearable, Emily Stewart, BI's Madison Hoff, Ayelet Sheffey, Ben Wigert, Amy Hardison, She's, Bryan Johnson, Hardison, Gareth Cattermole, playbook Taylor Swift, Travis Kelce, It's, Taylor Swift, Taylor Rains, John F, Kate Dehler, niacinamide, Abanti Chowdhury, Celine Dion, Rebecca Zisser, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Grace Lett, Amanda Yen Organizations: Service, Business, Creative, Air Lines, Kennedy International Airport, BI, Hulu, realtors, Shark Locations: newsrooms, New York City, London, New, Manhattan, New York, Chicago

☆ India's major bond market milestone could prove to be a double-edged sword for investors
▼ + stars: | 2024-06-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +1 min

(Photo by Ajay Aggarwal/Hindustan Times via Getty Images)Indian government bonds reached a major milestone on Friday with their inclusion in JPMorgan's emerging market government bond index. Take the broad L&G India Government Bond exchange-traded fund, for instance. Anticipating the Wall Street bank's decision, alongside Bloomberg's move to include India in a similar index next year, markets have partly pushed up bond prices in 2024 despite the risks of inflation reigniting. While these moves by big Wall Street institutions might be lucrative for investors today, it's likely to dampen their returns over the longer term. After all, as bond prices rise their yields fall.

Persons: Ajay Aggarwal, Bloomberg's, that's Organizations: Hindustan Times, Getty Images, G India Government Bond Locations: DELHI, INDIA, New Delhi, India

☆ Warren Buffett gives away another $5.3 billion, says his children will manage his estate
▼ + stars: | 2024-06-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to five charities. After Friday's donations, Buffett owns 207,963 Berkshire A shares and 2,586 B shares, worth about $130 billion. He told the Journal that the Bill & Melinda Gates Foundation will no longer receive donations after his death. Buffett resigned as a trustee at the Gates Foundation in June 2021 in the midst of Bill and Melinda Gates' divorce.

Persons: Warren Buffett, Berkshire Hathaway, Melinda Gates, Susan Thompson Buffett, Howard, Susan, Peter Buffett, Buffett, haven't, we've, Charlie Munger, Greg Abel Organizations: Berkshire, Berkshire Class, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Oracle, Wall Street Journal, Gates Foundation Locations: Omaha , Nebraska, Omaha, Berkshire, Douglas

☆ Warren Buffett has finally revealed what will happen to his money after he dies
▼ + stars: | 2024-06-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

“The Gates Foundation has no money coming after my death,” Buffett told the Journal. Previously, Buffett had said his will stated that more than 99% of his estate was earmarked for philanthropic usage to the Bill & Melinda Gates Foundation and the four charities connected to his family: the Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. Berkshire Hathaway on Friday said that Buffett is converting roughly 9,000 Class A shares into more than 13 million Class B shares. About 9.3 million shares will go to the Bill & Melinda Gates Foundation Trust, with the rest split among the four Buffett family charities. Following the newly announced donations, Buffett owns 207,963 Berkshire Hathaway Class A shares and 2,586 Class B shares, the company said.

Persons: New York CNN — Warren Buffett, Buffett, Berkshire Hathaway, Melinda Gates, ” Buffett, Susan Thompson Buffett, Howard G, “ Warren Buffett, ” Mark Suzman, “, ”, Melinda Organizations: New, New York CNN, Berkshire, Wall Street, Melinda Gates Foundation, Gates, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, NoVo Foundation, Gates Foundation, Melinda Gates Foundation Trust, CNN, Berkshire Hathaway Locations: New York

☆ NFL 'Sunday Ticket' telecast subscribers can get a piece of $4.6 billion in damages
▼ + stars: | 2024-06-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The jury ordered the NFL to pay out $4.7 billion in damages to individual subscribers of the league's "Sunday Ticket" package, which gives viewers access to out-of-market games. The jury also awarded $96 million in damages to business subscribers. Plaintiffs in the case accused the NFL of selling the "Sunday Ticket" package at an inflated price, forcing viewers to overpay for access to out-of-market games. AdvertisementThroughout the trial, the NFL argued it was allowed to sell its "Sunday Ticket" package under an existing antitrust exemption, ESPN reported. The "Sunday Ticket" package dates back to the 1990s when DirecTV was first introduced.

Persons: — Organizations: Service, NFL, Business, New, New Orleans Saints, ESPN, DirecTV, YouTube Locations: California, New Orleans, Los Angeles, San Francisco sports

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