Latest news with #US6
The Advertiser
10 hours ago
- Business
- The Advertiser
Warren Buffett donates record $US6b shares to charities
Warren Buffett has donated another $US6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $US60 billion ($A92 billion). He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 per cent of Berkshire's stock, based on reported shares outstanding. His $US152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $US5.3 billion he donated last June. He donated another $US1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $US1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska non-profits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalised girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies. Warren Buffett has donated another $US6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $US60 billion ($A92 billion). He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 per cent of Berkshire's stock, based on reported shares outstanding. His $US152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $US5.3 billion he donated last June. He donated another $US1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $US1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska non-profits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalised girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies. Warren Buffett has donated another $US6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $US60 billion ($A92 billion). He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 per cent of Berkshire's stock, based on reported shares outstanding. His $US152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $US5.3 billion he donated last June. He donated another $US1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $US1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska non-profits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalised girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies. Warren Buffett has donated another $US6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $US60 billion ($A92 billion). He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 per cent of Berkshire's stock, based on reported shares outstanding. His $US152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $US5.3 billion he donated last June. He donated another $US1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $US1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska non-profits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalised girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies.
Perth Now
12 hours ago
- Business
- Perth Now
Warren Buffett donates record $US6b shares to charities
Warren Buffett has donated another $US6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $US60 billion ($A92 billion). He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8 per cent of Berkshire's stock, based on reported shares outstanding. His $US152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $US5.3 billion he donated last June. He donated another $US1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5 per cent of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $US1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska non-profits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalised girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies.
Herald Sun
20 hours ago
- Business
- Herald Sun
Can lithium demand cause Wildcat bounce?
'Garimpeiro' columnist Barry FitzGerald has covered the resources industry for 35 years. Now he's sharing the benefits of his experience with Stockhead readers. Will battery energy storage systems bring forward the day when the lithium market flips from over to undersupply, putting a rocket under lithium prices and ASX lithium stocks in the process? It could well be the case, with the previously under-appreciated demand growth from BESS known to be a key reason behind Rio Tinto's (ASX:RIO) dive in to the lithium space, as the renewable energy sector gets both bigger and smarter. Its $10bn acquisition of Arcadium was classic straw hats in winter stuff by Rio, given the beaten-up lithium prices at the time, which are still to find a bottom. But if it's right about BESS, Rio's move into lithium may well prove to have been sweetly timed. BESS is the new high growth driver for lithium battery demand. It wasn't that long ago that a new solar or wind farm would be built without battery storage. Now utility-scale systems sit alongside renewable energy sources to improve efficiency, providing grid stability benefits as well. BESS demand is not as big as the electric vehicle sector, but its growth rate in 2024 was a phenomenal 51%. Demand growth from the EV sector was a none too shabby 26% off a higher base. High demand growth rates from EVs and BESS have continued in 2025. Combine the two and the question of when lithium demand again outstrips supply comes into sharp focus. Some forecasters suggest a supply deficit could emerge by the end of next year. It was a supply deficit that drove lithium prices to a crazy $US80,000/t ($US6,000/t for concentrates of the intermediate raw material spodumene) in late 2022. Prices are now back at $US8400/t and $US620/t respectively. Struggle town It is struggle town for all but the (very) low cost producers and means that the incentive to bring on new mines and expand existing operations to meet the growth in demand has been extinguished for the time being. That too feeds into the suggestion that the supply deficit and happier days of higher prices could be closer than equity markets think. No one is forecasting a return of prices to the boom time conditions of 2022. But there doesn't need to be for ASX-listed lithium stocks to get off the floor. That comes through in a lithium sector update (June 20) by Argonaut's Hayden Bairstow. His price targets for lithium producers and developers he follows are all well above prevailng market prices even though the price targets have been cut due to lower spodumene prices. 'We believe a (spodumene) price recovery is likely to be rapid once the market swings to a modest deficit, but the cycle is likely to be shorter given the volume of brownfield capacity that can be brought online, largely in Australia,'' Bairstow said. He now expect spot spodumene prices to peak at $US1500/t in late 2026, which is likely to trigger a re-start of existing capacity. A return to a balanced market is then forecast for 2027 before the widening deficit pushes prices higher in the long-term ($US1600/t). Wildcat pick Of the stocks mentioned by Bairstow it was Wildcat Resources (ASX:WC8) that caught Garimpeiro's eye. It was trading mid-week at 14c for a market cap of $187 million. Bairstow has it as a ''spec buy'' and has set a 40c price target. Wildcat is advancing its Tabba Tabba project in the Pilbara towards production. A pre-feasibility study is due for completion in the coming quarter. It's a world-class hard rock discovery weighing in at 74.1Mt grading 1% lithia with exploration upside. Garimpeiro mentioned Wildcat back in December when it was a 20c stock on the basis that projects like Tabba Tabba will be needed to meet the wave of demand coming for lithium from EVs and BESS. His timing for an acknowledgement from the share market that stocks like Wildcat had been oversold was obviously a bit off. But here we are with the lithium demand scenario now being juiced up by BESS. The company itself sees value in its stock as it has just announced a $5 million on-market share buyback. It is an unusual thing for a developer to do, but in Wildcat's case having $60 million in the till makes it a no-brainer given the current share price level. There is also a takeover overlay to the stock. Mineral Resources (ASX:MIN) has an 18% stake which it acquired in November 2023 for 85c a share. MinRes is a 50% partner in the big Wodgina lithium mine about 87km by road from Tabba Tabba. MinRes is busy sorting out its balance sheet and would likely entertain a bid for its stake at prices much higher than the current market price. But it could also decide, like Rio, that lithium represents a high growth opportunity and that Tabba Tabba needs to be part of its lithium story given its proximity to Wodgina. Originally published as Barry FitzGerald: Why Wildcat may the BESS buy as lithium demand goes through the roof
Courier-Mail
16-06-2025
- Entertainment
- Courier-Mail
Cher's son rushed to hospital after drug overdose
Don't miss out on the headlines from Celebrity Kids. Followed categories will be added to My News. Cher's son Elijah Blue Allman was reportedly rushed to a hospital in Joshua Tree, California, after overdosing. The 48-year-old is currently receiving care at a medical centre and is fortunate to have survived the incident, TMZ reported today. Insiders told the outlet that the singer is focusing on 'her son's wellbeing, and she's doing everything she can to get him the help he needs.' It's unclear what drugs Allman had taken. Reps for Cher, 79, weren't immediately available to Page Six for comment. The pop star shares Elijah with her late second ex-husband, Gregg Allman. Music legend Cher. Picture:for AFI It comes weeks after Elijah sparked concern for his appearance outside the Chateau Marmont. Picture: Credit:MHD / Avalon She is also the mother to son Chaz Bono, 56, whom she shares with her late first ex-husband, Sonny Bono. During a 2014 interview, Elijah admitted to taking drugs, saying he started around age 11. Cher previously filed for a temporary sole conservatorship over Elijah's finances in 2023, citing that he suffered from 'severe mental health and substance abuse issues.' Cher had previously attempted to become her son's financial conservator. Picture: SGranitz/WireImage 'Any funds distributed to Elijah will immediately be spent on drugs, leaving Elijah with no assets to provide for himself, and putting Elijah's life at risk,' court documents read. Cher, however, withdrew the request in September 2024. Singer Cher singing Elijah's father Greg Allman in 1977. Need to talk to someone? Don't go it alone. Please reach out for help. Lifeline: 13 11 14 or Beyond Blue: 1300 22 4636 or Kids Helpline: 1800 55 1800 or Headspace: 1800 650 890 or 13YARN: Speak to Aboriginal and Torres Strait Islander crisis supporter on 13 92 76 or visit Are you anxious? Take the Beyond Blue quiz to see how you're tracking and whether you could benefit from support Elijah's reported overdose comes after he was seen looking dishevelled outside the Chateau Marmont in Hollywood, California, last month. He was photographed wearing a torn T-shirt and baggy shorts. He looked to be sweating and appeared disoriented. Elijah is currently going through a divorce from his estranged wife, Marieangela King, according to court documents obtained by Page Six in April. She cited 'irreconcilable differences' and requested he pay $US6,000 per month in temporary spousal support. This story originally appeared on Page Six and is republished here with permission. Originally published as Cher's son rushed to hospital after drug overdose
CBS News
15-06-2025
- Climate
- CBS News
Landslide closes highway over Colorado mountain pass
Mud and rock an estimated 15 to 20 feet deep buried both lanes of travel across U.S. 6 near Loveland Pass before sunrise Saturday. There is no indication when road crews will be able to clear the debris and re-open the road. No vehicles or cyclists are known to have been caught in the slide, according to state and county authorities. No actual time that the slide occurred has been released, either, although the first notification of the highway's closure came from the Colorado Department of Transportation at 4:25 a.m. A landslide crossed both lanes of U.S. 6 a mile north of Loveland Pass's summit Saturday morning. There is no estimated time of re-opening the highway, and authorities are asking travelers to avoid the area because the slide is still active. Clear Creek Sheriff's Office/Facebook The Clear Creek County Sheriff's Office stated in a social media post that the landslide crossed the highway at mile marker 226. That location is three miles above U.S. 6's interchange with Interstate 70 near the Loveland Ski Area and one mile below the summit of Loveland Pass. The Keystone and Arapahoe Basin ski areas are open but only accessible from the western side of Loveland Pass in Silverthorne. A-Basin extended its winter ski season earlier this month after planning to close on June 4; today is the ski area's last day. Keystone's ski season ended in early April. That resort planned to open its gates for summer recreation Thursday. There are no limitations to reaching Loveland Ski Area which ended its winter ski season May 4. Colorado Department of Transportation/Facebook Loveland Pass crests the Continental Divide just shy of 12,000 feet in elevation. The road is used as an alternative to the Eisenhower-Johnson Tunnels on I-70, particularly for trucks carrying hazardous cargo. With that Loveland Pass route unavailable, highway officials will normally close the tunnels to regular traffic at regular intervals to allow such hazardous cargo to travel through them alone. CDOT has made no announcements about those planned closures at this time.
