Author: Press Room

ToplineWarren Buffett excluded the Gates Foundation from his midyear donations for the first time since 2006, opting instead to donate thousands of Berkshire Hathaway shares worth almost $6 billion to four foundations run by his children.The billionaire Berkshire Hathaway chair instead donated thousands of shares in his company to four foundations run by his children.Getty ImagesKey FactsIn a statement released on Tuesday, Buffett said he would donate 9 million Class B shares (worth about $4.4 billion) to the Susan Thompson Buffett Foundation, as well as 1 million each (each donation worth about $496 million) to the Sherwood Foundation, founded by…

The move to make daylight saving time permanent is heading to the U.S. House of Representatives for a full chamber vote. The legislation, otherwise known as the Sunshine Protection Act, would make daylight saving reign as the new permanent standard time year-round, meaning no moving the clocks back an hour in the fall and forward in the spring. However, there is an opt-out option. Currently, Hawaii does not recognize the time change, remaining on Hawaii Standard Time (HST), and the majority of Arizona remains on Mountain Standard Time (MST) throughout the year. The House Rules Committee approved of the measure…

A plurality of U.S. citizens do not believe children born to illegal immigrants residing in the U.S. should receive automatic U.S. citizenship, a survey from the Economist/YouGov revealed. The survey asked, “Do you think that children born in the U.S. should automatically receive U.S. citizenship if their parents are noncitizens in the following groups,” asking about illegal aliens, specifically. Across the board, a plurality, 47 percent, said children born to illegal aliens residing in the U.S. should not receive automatic citizenship, compared to 39 percent who believe they should and 14 percent who remain unsure. There is dramatic variation along…

Darline Graham has officially filled the South Carolina Senate seat left vacant by the death of her brother, Sen. Lindsey Graham. Sen. Chuck Grassley (R-Iowa) swore Graham in just after 2:30 p.m. Tuesday on the Senate floor amid applause from colleagues and staff. Graham was escorted on the floor by Sens. Tim Scott (S.C.) and Katie Britt (Ala.). She shook Grassley’s hand but did not make a separate speech. Republicans’ swift move to fill the late senator’s seat maintains the party’s already slim margin in the chamber as it tries to advance priorities before August recess. Graham — who makes…

The key global energy route has once again been shut down following renewed US strikes on Iran The renewed hostilities between the US and Iran have once again disrupted traffic through the Strait of Hormuz after a brief period of relative normalization.The escalation comes after Washington carried out several consecutive waves of strikes on Iranian targets, claiming that the attacks are meant to protect commercial shipping in the strait. Tehran has responded with strikes on US military facilities across the region and has declared the waterway closed.It follows the collapse of a fragile understanding reached last month, under which the…

ToplineIBM’s stock plummeted on Tuesday to the largest single-day loss in its 115-year history, after CEO Arvind Krishna warned investors the computing firm’s latest quarter was “worse than our expectations” while failing to adapt to rising chip costs.“What played out was worse than our expectations,” CEO Arvind Krishna warned investors. Copyright 2019 The Associated Press. All rights reserved.Key FactsShares of IBM crashed 24.8% as of Tuesday morning to around $218, pacing what would be the largest single-day decline for the stock since Oct. 19, 1987, when shares plummeted nearly 23% amid a broader Black Monday crash.That erased about $67 billion…

On Monday’s “Hugh Hewitt Show,” President Donald Trump said that the Iranian people can’t go back into the streets “because they don’t have guns, and the other side has guns.” Host Hugh Hewitt asked, “So let me ask you about the Iranian people. You said help was on the way, and you sent it. 40,000 of them got massacred before your help could get there. Is it time for them to go back into the streets?” Trump answered, “Well, you can’t do that, because they don’t have guns, and the other side has guns. And the number is 52,000 people…

America will beat China in the war for global supremacy, Sen. Dave McCormick (R-PA) said during an interview with Breitbart News at the Pennsylvania Defense and Innovation Summit on Tuesday. McCormick spoke about Pennsylvania playing a critical role in revamping America’s defense capabilities — a priority of President Donald Trump. When asked about China’s role in the race for global supremacy, the senator said it is true that China has “a lot of advantages,” but America will come out on top. “I mean, if I could pick our hand or China’s hand in terms of winning the war for global…

President Donald Trump suggested Sen. Lindsey Graham’s (R-SC) sister serve as an “interim Senator” for South Carolina, adding it would be a “fabulous tribute to Lindsey.” “I recommended, to Governor Henry McMaster, Lindsey Graham’s wonderful sister, Darline, to serve as interim Senator from the Great State of South Carolina,” Trump wrote in a post on Truth Social. “This would be a fabulous tribute to Lindsey, who loved her dearly!” Trump’s post comes after Graham’s office announced on Sunday that Graham had died at the age of 71 “from a brief and sudden illness.” “On the evening of Saturday, July 11,…

An uncrewed landing craft (left) drops off an armed robot on Kinburn Spit Ukraine MoDOn 13th July, Ukrainian forces released video of an amphibious assault on occupied territory. An uncrewed boat beached and lowered a ramp to release a tracked robot which trundled ashore, and the operator opened fire with a remote-control machinegun.This war has seen a lot of drone firsts: first major warship sunk by drones, first drone dogfights, first helicopter downed by drone, first drone-only assault and more. This is another. “This is the first combat mission of this kind known to us in the world: An unmanned…