- Berkshire Hathaway on Saturday held its first annual meeting since Warren
Buffett left the chief executive role at the start of the year. CEO Greg Abel
addressed everything from artificial intelligence to Berkshire’s equity
portfolio, all while aiming to show he would run Berkshire in a similar fashion
to his predecessor.
- Spirit Airlines ceased operations early Saturday after the budget airline
failed to get its bond investors behind a $500 million government bailout deal.
- President Donald Trump said yesterday that the U.S. will try to “free” ships
that have been stuck in the Strait of Hormuz since the Iran war began. Trump did
not elaborate how the effort, which he said would begin this morning, would be
run or how military forces would be involved.
- Kevin Warsh, Trump’s nominee to lead the Federal Reserve, seems to have his
own take on the independence of the central bank. Six former central bank
leaders said that Warsh’s comments during his Senate confirmation hearing last
week were unclear and confusing at best, and worrisome at worst. Yet the
officials said they were not ready to come to conclusions about Warsh’s
potential leadership.
