Buffett’s Berkshire reveals over $6B investment in Chubb, sending shares higher
Howard G. Buffett, Chairman and CEO of the Howard G. Buffett Foundation, talks about investing in Ukraine, which is in the middle of a war with Russia, on “Claman Countdown.” Warren Buffett’s Berkshire Hathaway disclosed a new $6.72 billion investment in insurance company Chubb in a regulatory filing Wednesday, sending the company’s stock price to […]
FDIC Chair Gruenberg refuses to resign
Check out what’s being clicked on FoxBusiness.com Federal Deposit Insurance Corp. Chairman Martin Gruenberg vowed Wednesday to skeptical lawmakers that he would address not just his own conduct, but also the deep cultural problems at his agency. But lawmakers expressed doubts about whether the banking supervisor, who has held leadership roles at the agency for […]
Brothers arrested in alleged $25M crypto fraud scheme: DOJ
Coin Stories podcast host Natalie Brunel reacts to Sam Bankman-Freeze being sentenced to 25 years in prison on Claman Countdown. Federal authorities have arrested two brothers on suspicion of carrying out an elaborate scheme to steal millions of dollars worth of cryptocurrency. Officials say this is the first incident of its kind. of United States […]
Jan Leike And Ilya Sutskever Abruptly Resign From OpenAI
Two senior researchers charged with preventing artificial superintelligence (ASI) from going rogue suddenly announced their resignation from American company OpenAI less than six hours apart. “After almost a decade, I have made the decision to leave OpenAI,” Ilya Sutskever announced on Twitter at 7:00 p.m. Tuesday. “The company’s trajectory has been nothing short of miraculous, […]
Inflation Stays Uncomfortably High As Rising Prices Continue To Squeeze Americans
Inflation ticked down slightly year-over-year in April but still remained high as rising prices continue to take a toll on average Americans’ finances, according to the latest Bureau of Labor Statistics (BLS) release on Tuesday. The consumer price index (CPI), a broad measure of the prices of everyday goods, increased 3.4% on an annual basis […]
Justice Department says Boeing breached 2021 agreement
Diana Furchtgott-Roth, a former Department of Transportation official, told the Evening Edit that the Federal Aviation Administration is “investigating” the matter. of Ministry of Justice Boeing said it violated its obligations under a 2021 agreement to protect the beleaguered company from criminal prosecution after two 737 Max crashes in 2018 and 2019 that killed 346 […]
Biden Triples Down On Major Trump Policy After Criticizing It During 2020 Campaign
President Joe Biden announced Tuesday that he would raise tariffs on electric vehicles (EVs) imported into the U.S. from China — a Trump-era policy he criticized during his 2020 campaign. The heightened tariffs were crafted to make it difficult for China to produce cheaper green energy products that risk displacing American companies and flooding the […]
BlackRock, Vanguard, ETFs | Fox Business
BlackRock Chairman and CEO Larry Fink spoke about saving money for retirement on “The Craman Countdown.” Vanguard Group Inc. is preparing to name a former BlackRock executive as its next leader, marking the first time in its nearly 50-year history that an outsider will lead the asset management firm. Salim Ramzi, who led BlackRock’s exchange-traded […]
Red States Slap California, Biden Admin With Lawsuits To Halt Electric Truck Push
Large coalitions of red states are suing regulators in Washington, D.C., and California over rules designed to effectively require increases in electric vehicle (EV) adoption. Nebraska is leading a 24-state coalition in a lawsuit against the Environmental Protection Agency’s (EPA) recently-finalized emissions standards for heavy-duty vehicles in the U.S. Court of Appeals for the D.C. […]
Biden Jacks Up Tariffs On Chinese Electric Vehicles, Critical Minerals
The Biden administration on Tuesday formally announced significant increases in tariffs targeting imports of electric vehicles (EVs) and other green energy technology from China. The strengthened tariffs are designed to make it harder for cheaper Chinese green products, like electric vehicles, to flood the U.S. market and displace American companies, the White House said in […]