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Today: May 16, 2026
Today: May 16, 2026

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Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO

Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year. The conglomerate also dumped a number of other stocks, including Visa, Mastercard, Domino's Pizza, Amazon and United Healthcare after the departure late last year of Todd Combs, who was one of the two investment mangers Buffett hired to help manage the portfolio. Buffett was always reluctant to invest in tech compan
Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO
Political|US|World

Supreme Court rejects Virginia's bid to restore congressional map favoring Democrats

The Supreme Court on Friday rejected Virginia’s bid to restore a congressional map that would have given Democrats a chance to pick up four seats in the closely divided House of Representatives. The court’s order, issued without any noted dissent, is the latest twist in the nation’s mid-decade redistricting competition. It was kicked off last year by President Donald Trump urging Republican-controlled states to redraw their lines and was supercharged by a recent Supreme Court ruling severely weakening the Voting Rights Act that opened up even more winnable seats for the GO
Supreme Court rejects Virginia's bid to restore congressional map favoring Democrats
Business|Economy|US|World

AP finishes US restructuring with round of 20 layoffs, part of strategic pivot from print journalism

The Associated Press laid off 20 U.S.-based journalists on Friday, the union representing them said, part of a restructuring announced last month that is turning the news organization's focus away from print journalism and toward visual journalism and other revenue sources. “This is part of the restructuring we announced last month to align our operations with what our top customers need from us today,” an AP spokesman, Patrick Maks, said in an email. “It’s never easy to part ways with valued colleagues — we are appreciative of their contri
AP finishes US restructuring with round of 20 layoffs, part of strategic pivot from print journalism

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Arts|Political|Sports|US|World

Trump announces sculpture garden site as he muses on architecture after trip to China

President Donald Trump announced Friday that his “National Garden of American Heroes” will be built in West Potomac Park, advancing a yearslong push for a sweeping sculpture park honoring hundreds of prominent Americans ahead of the nation’s 250th anniversary in 2026.“I’m proud to announce the site of the NATIONAL GARDEN OF AMERICAN HEROES,” Trump wrote in a post on Truth Social as he traveled back from a high-stakes visit with Chinese leader Xi Jinping in Beijing.“This magnificent exhibition of statues will be located in West Potomac Park, which we are transforming into one of t
Trump announces sculpture garden site as he muses on architecture after trip to China
Crime|Lifestyle|US

Oklahoma executes man convicted of killing ex-girlfriend and her baby in Tulsa fire

    MCALESTER, Oklahoma (KOCO) -- Oklahoma has carried out the execution a man convicted of beating his ex-girlfriend to death and killing her 7-month-old baby in a 2007 Tulsa fire.Death row inmate Raymond Johnson was put to death Thursday morning at the Oklahoma State Penitentiary in McAlester. He was pronounced dead at 10:12 a.m.Learn more about his case below.Raymond Johnson murder conviction He was convicted after beating his girlfriend, 24-year-old Brooke Whitaker, to death with a hammer and then setting a fire that killed her daughter, Kya, in June 2007. Their bodies
Europe|MidEast|Political|US|World

US scraps deployment of 4,000 troops to Poland

The Pentagon has canceled plans to deploy 4,000 U.S.-based troops to Poland, two U.S. officials said, a surprise decision slammed by lawmakers that renewed questions about President Donald Trump's expected troop cuts in Europe.General Christopher LaNeve, the Army's acting chief of staff, confirmed the decision during testimony on Friday before the House Armed Services Committee. But he did little to explain it, besides saying "it made the most sense for that brigade to not do its deployment in theater." Joe Courtney, a Democratic lawmaker, told LaNeve the decision sent a "horrible message"
US scraps deployment of 4,000 troops to Poland
Health|Political|US

Supreme Court preserves access to widely used abortion pill, while lawsuit plays out

The Supreme Court on Thursday preserved women’s access to a drug used in the most common method of abortion, rejecting lower-court restrictions while a lawsuit continues. The court’s order allows women seeking abortions to continue obtaining the drug, mifepristone, at pharmacies or through the mail, without an in-person visit to a doctor. Access is likely to remain uninterrupted at least until into next year as the case plays out, including a potential appeal to the high court. The justices granted emergency requests from makers of mifepristone, who are appeali

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The Latest: After China visit, Trump says he’s undecided on sending weapons to Taiwan

U.S. President Donald Trump has wrapped up his visit to Beijing after a crucial series of meetings with Chinese leader Xi Jinping on the Iran war, trade, technology and Taiwan. The presidents claimed important progress in stabilizing U.S.-China relations even as deep differences persist between the two biggest world powers. Taiwan remained the most important issue for China in the talks. Xi privately warned Trump that differences over the self-governed island, which Beijing claims as its own territory, could bring the U.S. and China into clashes or conflict.
The Latest: After China visit, Trump says he’s undecided on sending weapons to Taiwan
Business|Economy|Finance|Stock Markets|World

Trading Day: Summits, in Beijing and stocks

Another day, another record high for the Nasdaq, S&P 500 and many stock markets around the world on Thursday, as the Xi-Trump summit in China and stalemate in the Persian Gulf gave investors no reason to pause the relentless tech rally.In my column today, I look at the U.S. bond market. While the long end of the curve grabs headlines as the 30-year yield rises above 5%, borrowing costs are also spiking at the short end. For a heavily indebted Treasury reducing its debt maturity profile, this is a worry. If you have more time to read, here are a few articles I recommend to help you make se
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Trump leaves China summit with Iran, Taiwan, and trade in focus

President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping – for now.The leaders covered a range of issues from Iran and Taiwan to trade, during two days that included intensive bilateral meetings. But there were also grand displays of soft diplomacy, marking the first Beijing meeting for the longtime rivals in nearly a decade.Since Trump’s last visit in 2017, he has reimagined Washington’
Trump leaves China summit with Iran, Taiwan, and trade in focus
Asia|Business|Economy|Political|Technology|World

Trump leaves China, short on deliverables but with signs of a stabilized relationship

President Donald Trump departed Beijing Friday afternoon local time without any immediate sign that the US and China have resolved thorny challenges dogging their fractious relationship, but with a freshly stabilized relationship with Chinese leader Xi Jinping – for now.The leaders covered a range of issues from Iran and Taiwan to trade, during two days that included intensive bilateral meetings. But there were also grand displays of soft diplomacy, marking the first Beijing meeting for the longtime rivals in nearly a decade.Since Trump’s last visit in 2017, he has reimagined Washington’

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Justice Department accuses Yale medical school of illegally using race in admissions

Justice Department accuses Yale medical school of illegally using race in admissions
Business|Economy|Finance|Political

The billionaires telling other billionaires to shut up and pay their taxes

The billionaires telling other billionaires to shut up and pay their taxes

Crime|MidEast|Political|World

FBI offers $200,000 for information on former Air Force intelligence specialist charged with spying for Iran

FBI offers $200,000 for information on former Air Force intelligence specialist charged with spying for Iran

Business|Economy|Education|Election|Finance|Health|Political

This Republican says he’s Trump’s ally. He’s getting in the way of Trump’s revenge in a key Louisiana Senate primary

This Republican says he’s Trump’s ally. He’s getting in the way of Trump’s revenge in a key Louisiana Senate primary
Business|Economy

Powell, the most battle-tested Fed chair, finishes his term

Powell, the most battle-tested Fed chair, finishes his term

Economy|Health|Political

How a vote for Trump’s ‘big, beautiful bill’ put Republican David Valadao in danger of losing his seat

How a vote for Trump’s ‘big, beautiful bill’ put Republican David Valadao in danger of losing his seat

Arts|Business|Finance|Technology

The Trump phone will start shipping following months of delays

The Trump phone will start shipping following months of delays
Economy|Environment

Trump administration aims to roll back limits on toxic wastewater from coal-fired power plants

The U.S. Environmental Protection Agency wants to relax limits that require coal-fired power plants to prevent the release of toxic heavy metals into streams and rivers

Business|Economy|Education|Health|Political

Newsom outlines his final budget proposal with no deficit, new major spending

California Gov. Gavin Newsom has unveiled his final budget proposal

Arts|Business|Economy|Entertainment|Lifestyle

OnlyFans is the star of TV’s hottest shows thanks to a messy economy

OnlyFans is the star of TV’s hottest shows thanks to a messy economy

California & Local

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Local

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls

From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools