Warren Buffett removes Gates Foundation from charity list amid Epstein Files controversy
Warren Buffett has removed the Gates Foundation from his annual charitable stock gifts, CNBC reported. The omission follows a Wall Street Journal report that Buffett paused his usual donation to the Gates Foundation pending a review of its ties to convicted sex offender Jeffrey Epstein.
Since 2006, the Berkshire Hathaway chairman has donated more than $43 billion worth of Berkshire stock to the philanthropic organisation founded by Bill Gates and his former wife,
Warren Buffett pledges full Berkshire exit by 2034 in hard ownership deadline
Buffett made the disclosure July 14. On that day, he converted 8,000 Class A shares into 12 million Class B shares for distribution to four foundations. The Susan Thompson Buffett Foundation received 9 million shares, while the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation each received 1 million shares.
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Read MoreWarren Buffett cuts Gates Foundation donations over Epstein links
Warren Buffett announced Tuesday he has stopped donating to the Gates Foundation after revelations about Bill Gates’ interactions with the late sex offender Jeffrey Epstein.
Buffett said he is donating about $6 billion of Berkshire Hathaway stock, comprising 12 million Class B shares, to four family foundations overseen by his daughter Susie and sons Howard and Peter.
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Read MoreWarren Buffett to offload Berkshire stake in eight years
Warren Buffett is ramping up the pace of his annual donations of Berkshire Hathaway shares to charitable organisations run by his three children, putting him on track to completely dispose of his stake in the company over the next eight years.
For the first time in two decades, Buffett decided to skip his midyear donations to the Gates Foundation and didn’t list that among the organisations that will receive future gifts.
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Read MoreSpaceX (SPCX) Stock Has Plunged 45% From Its Post-IPO High, and Cathie Wood Recently Bought $51 Million of It
If you like to keep up with famous investors, you probably know Cathie Wood, the founder, CEO, and chief investment officer of Ark Invest, known for investing in companies with disruptive and innovative technologies. Many investors pay attention when she makes big buys or sales, and she recently raised a lot of eyebrows when she bought $51 million worth of Elon Musk’s Space Exploration Technologies (NASDAQ: SPCX).
The Burst
Market Commentary: Valentine’s Day Massacre Begins Now
For investors who are only familiar with stock investing, the options market can seem like a great unknown. That market is so large that it can sometimes act like the tail wagging the dog.
As we approach the monthly expiration of options in February, the risks to the market grow. That fact is well understood by one analyst,
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Read MoreThe Ivy
1 Salad Stock Quietly Growing Fast
Sweetgreen (NYSE: SG) has been a darling of health-conscious urban dwellers for years. Even those who steer clear of salads have often been converted to raving fanatics after trying their tasty options and home-made salad dressings.
The most recent quarterly report revealed a mixed bag of news,
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Read MoreThe Spotlight
1 Fast-Growing Stock Targeting $86 Billion Market
Working in healthcare is not an especially easy job. Staying cool under pressure, paying attention to detail, and supporting patients through pain and fear are priorities during every shift — and shifts can be shockingly long.
Hospital shifts are often 12 hours, and that can stretch to 16 or 18 hours in a staffing crunch.
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