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☆ 6 longevity tips Charlie Munger believed in for a long and happy life
▼ + stars: | 2023-11-29 | by ( Kate Hull | ) www.businessinsider.com time to read: +4 min

Berkshire Hathaway vice chairman Charlie Munger has died at 99. Munger was known for his pragmatic life advice, including tips for longevity. AdvertisementCharlie Munger, vice chairman of Berkshire Hathaway and right-hand man to Warren Buffett, died Tuesday. To remain cheerful, Munger said that it's key to let go of negative emotions. Buffett also credited Munger with the success of Berkshire Hathaway, saying it was "built to Charlie's blueprint."

Persons: Charlie Munger, Munger, —, Berkshire Hathaway, Warren Buffett, Forbes —, Still, Warren Buffet, Buffett, Candy Organizations: Berkshire Hathaway, Service, Berkshire, CNBC, Harvard, Daily Locations: Omaha, Munger munched

☆ Charlie Munger ate peanut brittle, drank Diet Coke, and refused to exercise — and still lived to 99. Did that make him a SuperAger?
▼ + stars: | 2023-11-29 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

Genetics likely played a large part in his health, an aging expert told Business Insider. Munger was a fan of donuts (in moderation), peanut brittle , and Diet Coke, and he avoided exercise as best he could, he said. "I'm eating this good peanut brittle," he told CNBC during an interview in February 2023. Munger favored peanut brittle by See's Candy, which is owned by Berkshire Hathaway. AdvertisementThe only exception to that was when he served in the US Army Air Force for three years and had to exercise, Munger said.

Persons: Charlie Munger, Berkshire Hathaway, Munger wasn't, —, Warren Buffett, Munger, Forbes, Coke, Hilary Brueck, Charlie Munger's, Candy, Charlie, Brue, I've, Dawn Skelton, Skelton Organizations: Berkshire, Service, Associated Press, CNBC, Moor, Research, US Army Air Force, Glasgow Caledonian University Locations: SuperAging, Zoomtopia, Scotland

☆ Charlie Munger, who was Warren Buffett's right-hand man at Berkshire, dies at 99
▼ + stars: | 2023-11-28 | by ( Jonathan Stempel | ) www.reuters.com time to read: +6 min

[1/3] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. The death of Munger, a Berkshire vice chairman since 1978, marks an end of an era in corporate America and investing. "It's a shock," said Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster, Pennsylvania, and longtime Berkshire shareholder. PHILOSOPHICALLY ALIKESince becoming a Berkshire vice chairman, Munger worked closely with Buffett on allocating Berkshire's capital and not mincing words when he thought his business partner was making a mistake. Money manager Whitney Tilson, who knew Munger personally, said a "generation of investment managers" learned some of their craft from Munger and Buffett.

Persons: Charles Munger, Lucy Nicholson, Warren Buffett's, Charlie Munger, Munger, Berkshire Hathaway, Buffett, Thomas Russo, Gardner Russo, Quinn, Rick Meckler, Charlie, Warren, Paul Lountzis, Whitney Tilson, Tilson, Greg Abel, Ajit Jain, Abel, Buffett's, Howard, CHARLIE, Jain, Lountzis, Russo, Jonathan Stempel, Lewis Krauskopf Svea, Bayliss, Chibuike, Megan Davies, Rosalba O'Brien, Lisa Shumaker Organizations: Berkshire Hathaway, Daily, REUTERS, Cherry Lane Investments, Lountzis, Management, BNSF, Apple, Thomson Locations: Los Angeles , U.S, Berkshire, California, America, Omaha , Nebraska, Lancaster , Pennsylvania, Munger, New Jersey, Wyomissing , Pennsylvania, Omaha, Warren, New York

☆ Charlie Munger's greatest bits of investing advice from over the years
▼ + stars: | 2023-11-28 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

In fact, the Berkshire vice chairman called it "insane" to teach that one has to diversify when investing in common stocks. "I have a friend who says the first rule of fishing is to fish where the fish are. We've gotten good at fishing where the fish are," the then-93-year-old Munger told the thousands of people at Berkshire's 2017 meeting. Big money is in the 'waiting'The investing sage believed that in investing, it pays to wait. Munger often defended Berkshire's inaction as he always saw the virtue of sitting on the sidelines to wait for a good opportunity.

Persons: Charlie Munger, Warren Buffett's, Buffett, Benjamin Graham, Munger, Berkshire Hathaway, We've Organizations: Columbia University, Berkshire, Costco Wholesale Corp, Price Club Locations: Berkshire, Berkshire's

☆ What Charlie Munger's death means for Warren Buffett and Berkshire Hathaway
▼ + stars: | 2023-11-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Charlie Munger, vice chair of Berkshire Hathaway and second-in-command to Warren Buffett, is dead at 99. With Munger's death, Greg Abel may have a closer working relationship with Buffett. AdvertisementCharlie Munger, also known as Warren Buffett's right-hand man, died Tuesday at 99 — leaving open the role of vice chair of Berkshire Hathaway. Munger served as the 93-year-old Buffett's second-in-command for years, amassing a net worth of nearly $2.3 billion while overseeing Berkshire Hathaway. He was named CEO of MidAmerican — now Berkshire Hathaway Energy — in 2008 and was named vice chairman of non-insurance operations for all of Berkshire Hathaway in 2018, securing himself a role on the conglomerate's board of directors that same year.

Persons: Charlie Munger, Berkshire Hathaway, Warren Buffett, Greg Abel, Buffett, Abel, —, Warren Buffett's, Munger, Greg, He's, Warren, CalEngery, MidAmerican, Pat Egan, Egan, Troy Bader, Bader Organizations: Service, Berkshire, Berkshire Hathaway Energy, doer, PricewaterhouseCoopers, Dairy Locations: Berkshire, Canadian, MidAmerican —, Omaha

☆ Munger in final interview describes how he and Buffett turned Berkshire Hathaway into such a success
▼ + stars: | 2023-11-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Today, Berkshire Hathaway is massive conglomerate worth north of $785 billion with businesses and investments all around the world. "I did not think we'd ever have … so many hundreds of billions in Berkshire," Munger, the former vice chairman of Berkshire, said in his final interview with CNBC's Becky Quick just a few weeks before passing away at the age of 99. "It was an amazing occurrence," said Munger in bits of the interview aired by CNBC on Tuesday evening. Munger attributed the success of he and Buffett, 93, to two reasons. In addition, we were given much longer time to run than most people, because something kept us alive in our 90s.

Persons: Berkshire Hathaway, Charlie, Munger, CNBC's Becky Quick, Buffett Organizations: CNBC, Apple, American Express Locations: Berkshire

☆ Charlie Munger, investing genius and Warren Buffett's right-hand man, dies at age 99
▼ + stars: | 2023-11-28 | by ( Marty Steinberg | ) www.cnbc.com time to read: +8 min

In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTwatch nowBillionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett's right-hand man at Berkshire Hathaway, has died at age 99. In addition to being Berkshire vice chairman, Munger was a real estate attorney, chairman and publisher of the Daily Journal Corp., a member of the Costco board, a philanthropist and an architect. We've gotten good at fishing where the fish are," the then-93-year-old Munger told the thousands of people at Berkshire's 2017 meeting. Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. "Well, I would say basically we're like the captain of a ship when the worst typhoon that's ever happened comes," Munger told The Wall Street Journal in April 2020.

Persons: Charlie Munger, Warren Buffett's, Munger, Berkshire Hathaway, Buffett, Greg Abel, Benjamin Franklin, We've, Charles Thomas Munger, Alfred, Florence, Toody, didn't, Janet Lowe's, Nancy Huggins, Olson, Wheeler, Dean Scott Derue, Franklin Otis Booth, Booth, Derue, CNBC's Becky Quick, Charlie, He's, I've, Warren Buffett, Johannes Eisele, Goldman Sachs, We're, Oh goody, goody, everything's Organizations: Berkshire Hathaway, Berkshire, New, Daily Journal Corp, Costco, Buffett's Berkshire, CNBC, University of Michigan, Army Air Corps, California Institute of Technology, Scripps College, Harvard Law School, Tolles, Munger & Co, Michigan Ross Business School, Los Angeles Times, Buffett, Omaha, AFP, Getty, Bank of America, Wall Street Journal Locations: California, Munger, Pasadena , California, Berkshire, Omaha , Nebraska, Omaha, Warren, Pasadena

Tennessee's state House map was also challenged in the lawsuit, though the state did defend those boundaries. Ultimately, the three judges panel upheld the House map and ordered the Tennessee Senate to come up with a new district layout by Jan. 31, 2024. “Today's court ruling against the gerrymandered state Senate map is a clear win for the Tennessee Constitution,” said Democratic Sens. The Tennessee Democratic Party said Wednesday that it would continue fighting the ruling on upholding the House map. In April 2022, the panel of state trial-level judges blocked the Senate map from taking effect.

Persons: —, Wednesday's, “, Randy McNally, Jonathan Skrmetti, ”, Democratic Sens, London Lamar, ” Akbari, Lamar, Hendrell Remus, didn’t Organizations: Republican, Republicans, Tennessee Senate, Tennessee Constitution, Democratic, The Tennessee Democratic Party, state's Democratic Party, General, Tennessee Democratic Party, U.S Locations: Tenn, Nashville, Davidson County, gerrymandered, Tennessee, Raumesh Akbari, London, Shelby, Memphis

☆ Berkshire sheds General Motors, Procter & Gamble as it builds cash
▼ + stars: | 2023-11-15 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. Berkshire also appeared to have shed what had been a $621 million stake in Celanese (CE.N) , a specialty materials company. The Braves had been split off from Liberty Media , another Berkshire investment, in July. The net sales contributed to Berkshire's record cash stake, which is about the same size as its $156.8 billion stake in iPhone maker Apple (AAPL.O). Neither appears to be a current Berkshire investment.

Persons: Brendan McDermid, Berkshire Hathaway, Warren Buffett, Todd Combs, Ted Weschler, Buffett, Benjamin Moore, Jonathan Stempel, Christian Schmollinger Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Berkshire, General Motors, Procter, Gamble, GM, Amazon, Atlanta Braves Holdings, Major League Baseball, The Battery, Braves, Liberty Media, Chevron, Apple, U.S . Securities, Exchange Commission, IBM, Exxon Mobil, Activision, Microsoft, Globe, Markel, BNSF, Thomson Locations: Berkshire, New York City, U.S, Celanese, Omaha , Nebraska, New York, Lincoln

☆ Berkshire sheds General Motors, Johnson & Johnson, Procter & Gamble as it builds cash
▼ + stars: | 2023-11-15 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Persons: Brendan McDermid, Berkshire Hathaway, Johnson, Warren Buffett, Todd Combs, Ted Weschler, Buffett, Benjamin Moore, Jonathan Stempel, Christian Schmollinger Organizations: Berkshire Hathaway, New York Stock Exchange, REUTERS, Berkshire, General Motors, Procter, Gamble, GM, Atlanta Braves Holdings, Major League Baseball, The Battery, Braves, Liberty Media, Chevron, Apple, U.S . Securities, Exchange Commission, IBM, Exxon Mobil, Activision, Microsoft, Globe, Markel, BNSF, Thomson Locations: Berkshire, New York City, U.S, Celanese, Omaha , Nebraska, New York, Lincoln

☆ David Beckham's mentor praised Warren Buffett's leadership style - and urged soccer-club owners to act the same way
▼ + stars: | 2023-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

David Beckham's mentor, Sir Alex Ferguson, praised Warren Buffett in his book about leadership. Like Buffett, soccer-club owners should be a source of funding and advice when needed, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementSoccer-team owners should lead like Warren Buffett, according to the legendary manager who mentored David Beckham. Insider has spoken to several CEOs of Berkshire subsidiaries in recent years, and they've painted a similar picture to Ferguson.

Persons: David Beckham's, Sir Alex Ferguson, Warren Buffett, Buffett's, Buffett, —, David Beckham, Michael Moritz, Berkshire Hathaway, Ferguson, they've, Charlie Munger, He's, Steve Jobs, Jobs Organizations: Manchester United, Service, Premier League, Cup, Berkshire, American Express, Football Locations: Berkshire

(AP) — Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. Berkshire Hathaway said Saturday that it lost $12.8 billion, or $8,824 per Class A share, in the quarter. That's significantly bigger than the $2.8 billion loss, or $1,907 per Class A share, that it reported a year ago. A year ago, the insurers reported a $1.1 billion loss in the third quarter. The biggest driver in that increase in expenses was a $1.3 billion loss related to wildfires at its PacifiCorp unit.

Persons: — Warren, Berkshire Hathaway, Berkshire didn't, Buffett, See's, hasn't, Josh Funk Organizations: Berkshire, Apple, Accounting, FactSet Research, BNSF, hathaway Locations: OMAHA, Neb, Berkshire, Omaha , Nebraska, berkshire

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Charlie Munger says he dislikes fashion stocks like Nike - but he'd buy Hermès stock if it was cheap enough
▼ + stars: | 2023-11-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Charlie Munger avoids fashion stocks like Nike, but he'd invest in Hermès at a compelling price. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementCharlie Munger isn't a fan of fashion retail, but there's one luxury stock he'd own at the right price. Buffett's business partner also touched on Kraft Heinz, which counts Berkshire as its biggest shareholder with a nearly 27% stake. AdvertisementAdvertisement"Kirkland is a brand the way Tide is a brand, and Hermès is a different kind of a brand," Munger said.

Persons: Charlie Munger, Warren Buffett's, Munger, —, Charlie Munger isn't, I'm, Birkin, Hermès, Kraft Heinz, Heinz, Kirkland Organizations: Nike, Service, Berkshire Hathaway's, Berkshire, Kraft Locations: Hermès, Berkshire

☆ The allure of Tennessee: Why Floridians are trading their sandy beaches for a quieter life
▼ + stars: | 2023-10-31 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Floridians, Texans, and Californians in particular are relocating there for a slower pace of life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementLindsey Moore, a mom of three and a dental technician who posts about her life on TikTok @lindseyswagmom , recently extolled the virtues of her new home state: Tennessee. She said many Floridians are packing up for places like Knoxville, Tennessee; Greenville, South Carolina; and Huntsville, Alabama, which she collectively calls "the Villes." "People are moving to simpler places because the places that they're leaving are becoming very, very complicated."

Persons: —, Lindsey Moore, TikTok @lindseyswagmom, Moore, didn't, Texas —, Rachael Wedekind, Jamie Foreman, Holly Meyer Lucas, Meyer Lucas, they're, Michael Tyler Organizations: Texans, Service, Volunteer, Memphis, . Software, Oracle, Facebook, Sunshine, Golden State, Knoxville Locations: Tennessee, Floridians, Knoxville, Nashville, Memphis, Florida, California, Texas, New York, Pennsylvania, Smoky, Relocators, Miami, Orlando, Tampa, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Sacramento, Jonesborough

“We are suing to stop the federal government from playing politics with the health of Tennessee women,” Skrmetti said in a statement. In 2021, the Biden administration reversed a ban on abortion referrals by clinics that accept Title X funds. Under the latest rule, clinics cannot use federal family planning money to pay for abortions, but they must offer information about abortion at the patient's request. Then, last year, the U.S. Supreme Court overturned Roe v. Wade, allowing many Republican-led states like Tennessee to impose abortion bans. Tennessee has increasingly called for rejecting federal funding rather than comply with requirements over LGBTQ+ rights, abortion access and other hot-button issues.

Persons: —, Jonathan Skrmetti, ” Skrmetti, Biden, Donald Trump, Roe, Wade, Bill Lee, ” Organizations: U.S . Department of Health, Human Services, U.S, Supreme, Republican, HHS, Tennessee, Republican Gov, Volunteer State Locations: Tenn, U.S, Knoxville, Tennessee, United States

NASHVILLE, Tenn. (AP) — LGBTQ+ and civil rights advocates on Tuesday filed a federal lawsuit challenging Tennessee's aggravated prostitution statute, arguing that the law stems from the decades-old AIDS scare and discriminates against HIV-positive people. The law was later reclassified in 2010 as a “violent sexual offense," requiring those convicted to face lifetime sex offender registration. Another plaintiff has struggled for years to find housing that complies with Tennessee's sex offender registry requirements. A separate plaintiff is currently incarcerated for violating a sex offender registry requirement and has chosen not to seek parole despite being eligible because complying with registry requirements has become so onerous. According to the complaint, 83 people are currently registered for aggravated prostitution in Tennessee.

Persons: ”, Molly Quinn, OUTMemphis, Bill Lee, Jonathan Skrmetti, David Rausch, Frank Strada, —, Jane Doe Organizations: American Civil Liberties Union, Transgender Law Center, ”, of, Centers for Disease Control, Prevention, CDC, Memphis Police, Unit Locations: Tenn, Tennessee, United States, U.S, Memphis, Illinois, New Jersey, Virginia, Shelby County

☆ Meta's harmful effects on children is one issue that unites Republicans and Democrats
▼ + stars: | 2023-10-24 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +2 min

While Republican and Democratic lawmakers appear more incapable than ever of working together to pass legislation, they largely agree on one thing: Meta's negative impact on children and teens. Another nine attorneys general are also filing lawsuits in their respective states. "Meta has profited from children's pain by intentionally designing its platforms with manipulative features that make children addicted to their platforms while lowering their self-esteem. Meanwhile, Tennessee's Republican Attorney General Jonathan Skrmetti noted that polarization in politics is unlike anything this country has seen "since the Civil War." Yet Skrmetti is firmly in James's camp when it comes to Meta.

Persons: Mark Zuckerberg, Chuck Schumer, Faceboook's, Letitia James, Meta, Jonathan Skrmetti, Skrmetti, Matt Gaetz, California's Kevin McCarthy, Joe Biden Organizations: Facebook, Intelligence, Senate, U.S, Capitol, Washington , D.C, Republican, Democratic, Meta, Representatives, Republicans, GOP Locations: Washington ,, Florida

NASHVILLE, Tenn. (AP) — The defending NFC champion Philadelphia Eagles traded for two-time All-Pro safety Kevin Byard on Monday to help a banged-up secondary hours after beating the NFL's best offense, a person familiar with the deal told The Associated Press. The Eagles are sending the Tennessee Titans safety Terrell Edmunds and fifth and sixth-round draft picks in 2024, according to the person who spoke to the AP on condition of anonymity because the trade has not been announced. The Eagles limited Miami’s offense to season lows in points scored, total yards (244), passing yards (199), rushing yards (45) and time of possession (23:17). Reports of the trade came while Eagles coach Nick Sirianni talked to reporters and he said he couldn’t talk about those. Born in Philadelphia, Byard has started 111 of his 120 games and has not missed a game because of injury.

Persons: Kevin Byard, Terrell Edmunds, Nick Sirianni, ” Sirianni, Byard, ” Byard, Edmunds, C.J, Gardner, Johnson, Darius Slay, Brown, Ran Carthon, Rob Maaddi, Dan Gelston, ___ Organizations: NFC, Philadelphia Eagles, Associated Press, Eagles, Tennessee Titans, Super Bowl, Kansas City, Miami, Titans, Philadelphia, Pittsburgh, Tennessee, AP Pro Football, AP Locations: Tenn, Philadelphia, Tennessee, Detroit, Byard

1 in the women's preseason AP Top 25 college basketball poll for the first time in school history. It’s the same spot the Hawkeyes held last year in the preseason poll. The Tigers were ranked second in 1977 and third twice in 2004 and 2005 in the preseason poll, but never No. The Utes, who haven't been in the preseason poll since 2005, bring back a team led by Pac-12 player of the year Alissa Pili. 12 Ole Miss is in the preseason poll for the first time since 1995.

Persons: Angel Reese, Caitlin Clark, Reese, Hailey Van Lith, Aneesah Morrow, “, ”, Kim Mulkey, Bruins haven't, haven't, Pili, Dawn Staley's, Clark, Paige Bueckers, Rori Harmon, Rickea Jackson, Olivia Miles, Ole, Cardinal, Tara VanDerveer's, It's, ___ Organizations: LSU, NCAA, UConn, Huskies, Iowa, Hawkeyes, UCLA, Tigers, ” LSU, Bruins, Utes, Pac, Gamecocks, Ohio, Virginia Tech, Notre Dame, Hokies, Ole Miss, Rebels, USC, Stanford, Washington State, Cougars, SEC, Big Ten, ACC, Big East, Colorado, Ohio State, AP, womens Locations: Utah, Hailey, Maryland, Pili . South Carolina, Ohio State, Indiana, Texas, Illinois, Colorado, UCLA , Utah, Stanford, Las Vegas, South Carolina, Paris

☆ Justin Tucker kicks six field goals, fuels Ravens past Titans
▼ + stars: | 2023-10-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

October 15 - Justin Tucker kicked six field goals Sunday and the Baltimore Ravens held off a Tennessee Titans' rally in the second half to earn a 24-16 win in London. That became vital when Tennessee got a 38-yard field goal from Nick Folk with 38 seconds remaining. Tucker started the scoring with a 41-yard field goal at the 10:26 mark of the first quarter, followed by Folk kicking a 26-yard field goal for the Titans. That enabled Tucker to kick a 29-yard field goal as time expired, giving Baltimore an 18-3 lead at the break. Ravens safety Kyle Hamilton was ejected in the third quarter following a helmet-to-helmet hit on Titans wide receiver Chris Moore.

Persons: Justin Tucker, Tucker, Nick, Isaiah, Lamar Jackson, Ryan Tannehill, Derrick Henry, Jackson, Tennessee's Kyle Phillips, Del'Shawn Phillips, Kyle Hamilton, Chris Moore, Moore Organizations: Baltimore Ravens, Tennessee Titans, Tennessee, Nick Folk, Ravens, AFC, Baltimore, Folk, Titans, Thomson Locations: London, Baltimore, Pittsburgh, , Tennessee, Tennessee

(AP) — Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. A decade ago, he gave the Huntington museum nearly $33 million worth of Berkshire stock to help pay for a new education and visitors center. Political Cartoons View All 1202 ImagesAfter his latest donation, Munger still holds 4,033 Class A Berkshire shares. Although Berkshire is based in Omaha, Nebraska, where Buffett lives, Munger has long lived in southern California, so much of his charitable giving has been focused on the West Coast.

Persons: Charlie Munger, who's, Warren Buffett's, he's, Munger, Henry E, Susan Turner, Lowe, Turner, Munger's, Buffett's, he'd, he'll, Buffett Organizations: Berkshire Hathaway, Huntington Library, Art Museum, Securities and Exchange Commission, Huntington, Berkshire, Buffett, BNSF Locations: OMAHA, Neb, California, San Marino , California, Huntington, Berkshire, Los Angeles, Omaha , Nebraska, West Coast

☆ Citi upgrades this packaging company that can rally more than 30%
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +1 min

Analyst Anthony Pettinari upgraded the packaging company to buy from neutral. "Sentiment on SEE (and the broader packaging space) has been highly negative given share price weakness, persistent vol challenges, and downward earnings revisions," Pettinari said in a Monday note. Sealed Air's stock has plunged about 37% this year as it navigates a post-Covid lower growth environment. Sealed Air management may still look toward more aggressive measures to improve the company's share price after experiencing poor stock performance and underlying headwinds, the analyst noted. He added, however, that "with poor investor sentiment & prolonged share price weakness, we think calls for packaging mgmt.

Persons: Anthony Pettinari, Pettinari, Ted Doheny, Michael Bloom Organizations: Citi Locations: Friday's

☆ Congress remains divided on budget negotiations as government shutdown looms: “Our financial ship is sinking”
▼ + stars: | 2023-09-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters as he arrives for the day at the U.S. Capitol in Washington, U.S. September 18, 2023. House Republicans on Thursday sent the chamber into recess, delaying further developments in the negotiations. "I don't know what to think," said Senate Majority Whip Dick Durbin Sunday on CNN's "State of the Union." "All we're focused on is keeping the lights on," New Jersey Democratic Rep. Josh Gottheimer said Sunday on CNN's "State of the Union." This has to be avoided," U.S. Transportation Secretary Pete Buttigieg said Sunday on CNN's "State of the Union."

Persons: Kevin McCarthy, Dick Durbin, Durbin, McCarthy, Tim Burchett, I've, Trump, haven't, they're, Josh Gottheimer, Gottheimer, Brian Fitzpatrick, Tennessee's Burchett, Burchett, Pete Buttigieg Organizations: U.S, Capitol, Lawmakers, House Republicans, Thursday, Republican, GOP, Republican Congress, Tennessee GOP, Republicans, New Jersey Democratic, Democratic, Investors, U.S . Transportation Locations: Washington , U.S, U.S, California, Washington, Pennsylvania

☆ Letter shows Pope Pius XII probably knew about Holocaust early on
▼ + stars: | 2023-09-17 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/2] A man opens a door leading to the shelves where folders containing documents on Pope Pius XII, who reigned from 1939-1958, are stored inside the Vatican archives ahead of the full opening of the secret archives to scholars on March 2, at the Vatican, February 27,2020. "The newness and importance of this document derives from a fact: now we have the certainty that the Catholic Church in Germany sent Pius XII exact and detailed news about the crimes that were being perpetrated against the Jews," Coco told the newspaper, whose article was headlined: "Pius XII Knew". Asked by the Corriere interviewer if the letter showed that Pius knew, Coco said: "Yes, and not only from then." The letter was among documents Coco said were kept in haphazard ways in the Vatican's Secretariat of State and only recently handed over to the central archives where he works. Reporting by Philip Pullella, Additional reporting by Ludwig Burger in Frankfurt; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Pius XII, Guglielmo, Holy, Father Lother Koenig, Robert Leiber, Giovanni Coco, Koenig, Leiber, Pius XII, Coco, Pius, Corriere, Suzanne Brown, Fleming, Pope Francis, David Kertzer, Brown, Kertzer, Philip Pullella, Ludwig Burger, Alex Richardson Organizations: Vatican, REUTERS, Holy, Jesuit, Corriere, Catholic Church, of State, U.S . Holocaust, Museum, Washington DC, Reuters, Pontifical, Catholic, U.S . State Department, Thomson Locations: Germany, Vatican, Rava, Poland, Ukraine, Auschwitz, Dachau, Nazi, Europe, Vatican's, U.S, Washington, Frankfurt

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