The 95-year-old investor redirected nearly $6 billion in Berkshire Hathaway stock to his children's foundations after cutting Gates Foundation ties.

Billionaire Warren Buffett said Wednesday that his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates ' ties to convicted sex offender Jeffrey Epstein.

Warren Buffett said he and Bill Gates have had a "wonderful friendship," but the investor now trusts his kids to distribute his vast fortune.

The investor's decision comes weeks after Gates' appearance before US congress over his links to Jeffrey Epstein.

The US military early Wednesday reimposed a blockade on Iranian ports over Tehran’s attacks on ships trying to pass through the Strait of Hormuz, sparking new strikes on nations hosting US forces as an interim deal to end the war further unraveled.

America launched new strikes on Iran moments before its naval blockade on Iranian ports came into effect. Iran’s Islamic Revolutionary Guard Corps said they hit American weapons facilities in the Gulf in retaliation.

Technology stocks are leading markets higher worldwide as winners of the AI boom gather more strength following several shaky weeks

By Enas Alashray, Tala Ramadan, Kanishka Singh and Samia Nakhoul CAIRO/WASHINGTON/BEIRUT, July 15 (Reuters) - Iran's Islamic Revolutionary Guard Corps ⁠has threatened ⁠to close "all other export corridors that benefit the U.

Treasury yields fall as inflation fears ease on mild U.S. CPI. President Trump cancels plans to charge a fee on ships crossing the Strait of Hormuz, cooling an increase in oil prices to just around 1.

U.S. Treasury yields fell on Tuesday following the release of a cooler-than-expected inflation report. The key 10-year Treasury yield — the main benchmark for U.S. government borrowing — fell more than 2 basis points to 4.

The U.S. two-year Treasury yield rose to 4.28 per cent, its highest level since early 2025, signalling that investors increasingly expect the Federal Reserve to keep rates high or potentially raise them ・Rising tensions between the U.

Treasury yields rose slightly, driven by the short end of the curve. U.S.-Iran tensions and uncertainty over Strait of Hormuz navigation could reignite inflation concerns.

Still, the CEO seems to believe AI won’t radically reshape the bank’s workforce. JPMorgan Chase CEO Jamie Dimon has repeatedly suggested that AI adoption would not drive widespread layoffs at the bank.

JPMorgan CEO Jamie Dimon wants his successor to have everything from heart, soul, and grit to curiosity and emotional intelligence.

Jamie Dimon knows what he wants in his successor, and it’s a long list. “You want to be good at management, you want to be good at people, you want to be analytical, you want

Investors are keeping a close eye on JPMorgan's succession strategy, with Dimon having served as CEO for more than 20 years.

Australia’s expected inflation rate fell to 4.7% in July, the lowest level since January 2026, according to a survey released by the Melbourne Institute.

Inflation eased in June but economists say tariffs, AI-driven demand and renewed fighting between the U.S. and Iran could keep price pressures elevated for months to come.

The June Producer Price Index (PPI) declined 0.3% month-over-month and 5.5% year-over-year, better than economists' expectations. Core PPI also dropped, primarily due to decreases in energy and food prices.

Treasury yields were dropping Tuesday after a softer-than-expected reading on U.S. inflation. The yield on the 10-year Treasury bond was down about 5 basis points, at around 4.56%, while the rate on the 2-year Treasury note was sliding about 9 basis points,

The U.S. plans to impose a 25% tariff on certain imports ​from Brazil under Section 301 of the Trade ‌Act, U.S. Trade Representative Jamieson Greer said late on Wednesday.

The Trump administration is imposing 25% tariffs on imports from Brazil after finding a range of what the U.S. deemed unfair trade practices by the world’s 10th-biggest economy

The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.

The United States accused the country of unfair trade practices. The tariff will replace ones that the Supreme Court struck down.