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Despise the Free Lunch
Sean H. & Jocelin A.
June 28, 2024 • Estimated Reading Time: 10 minutes
TLDR
MARKET RECAP → U.S. stocks dipped on Friday as traders processed new economic data showing slowing inflation and unexpectedly strong consumer sentiment. This marks the end of a strong first half of 2024 for the market.
BUFFET'S LATEST GENEROSITY→ 🌟 Warren Buffett gifted another $5.3 billion to charity and declared his kids will helm his estate, ensuring his fortune keeps doing good long after he's gone.
TRUMP VS. BIDEN: ROUND ONE →🗣️ Biden and Trump accepted CNN's invitation to debate on June 27 in a no-audience format reminiscent of the 1960 Kennedy-Nixon debates (YouTube). This set the stage for their campaigns, with another debate planned for September.
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TODAY’S TOP NEWS
Buffett's Latest Generosity
💰Another Billion-Dollar Donation: Warren Buffett, renowned for his philanthropic spirit, donated $5.3 billion to charity, reinforcing his commitment to the Giving Pledge. This donation continues his long-standing tradition of significant annual contributions.
👨👩👧👦 Passing the Torch: Buffett confirmed that his children will manage his estate after his passing, ensuring a legacy of both business acumen and philanthropy continues within the family.
💼 Market Moves and Economic Signals: This donation is part of Buffett's long-term plan to gradually divest his wealth to philanthropic causes, underscoring his commitment to the Giving Pledge, which encourages billionaires to donate the majority of their wealth.
TODAY’S TOP NEWS
Trump vs. Biden: Round One
🗣️ Debate Showdown: President Joe Biden and former President Donald Trump accepted CNN's invitation for a debate on June 27. This early debate aimed to set the tone for their campaigns, with both sides eager for a face-off.
🎥 Unique Format: The debate was held in CNN’s Atlanta studios without a live audience, a rarity in modern presidential debates. The setting harkened back to the no-audience format of the 1960 Kennedy-Nixon debates.
🎤 Future Plans: Biden and Trump agreed to another debate on September 10. Trump’s team pushed for a total of four debates, while Biden's campaign stuck to their two-debate proposal.
MESSAGE FROM OUR PARTNER
BULL VS. BEAR
KEEP READING
Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent (CNBC)
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected (CNBC)
Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline (CNBC)
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says (CNBC)
What to know about the massive car dealership outage (CNN)
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ChatGPT — Large language model-based chatbot powered by generative AI
Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more
Vimcal — Lightning-fast calendar and AI scheduling assistant
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