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- 🔵 Buffett Stepping Down
🔵 Buffett Stepping Down
Citizen Frank
May 03, 2025
Good evening. It’s Saturday, May 3.
Legendary investor Warren Buffett, the fifth richest person on earth with a fortune worth $162 billion, announced Saturday he will retire as CEO of Berkshire Hathaway later this year.
Buffett, 94, told his annual shareholder meeting, dubbed the Woodstock for Capitalists, that he would ask the board to hand over the reins to his hand-picked successor Greg Abel, 62.
The ‘Oracle of Omaha’ appeared to suggest Abel had been kept in the dark about the timing of his retirement plans until the final minutes of the marathon Q&A session.
Sovereignty outdueled 3-1 favorite Journalism down the stretch to win the 151st Kentucky Derby in the slop on Saturday.
Trainer Bill Mott won his first Derby in 2019, also run on a sloppy track, when Country House was elevated to first after Maximum Security crossed the finish line first and was disqualified after a 22-minute delay.
This time, he knew right away.
President Donald Trump is pressuring Mexico to allow the United States military to get further involved in the fight against drug cartels, The Wall Street Journal reported on Friday.
The Journal, citing “people familiar with the discussions,” reported that a 45-minute phone call between Trump and Mexican President Claudia Sheinbaum on April 16 got heated after Trump pushed for the U.S. military to lead in the fight against cartels. Sheinbaum reportedly was not willing to allow the United States to take direct military action against the cartels inside Mexico.
Trump has made fighting the cartels a top priority of his goal to secure the southern border and stop the flow of fentanyl into the United States, vowing to “wage war on the cartels” and designating them as foreign terrorist organizations. Shortly after his April 16 phone call with Sheinbaum, Trump told Fox News’ Spanish-speaking network that “Mexico is very, very afraid of the cartels.”
UK police have arrested five men, including four Iranian nationals, on suspicion of “terrorism offences”, police have said.
The arrests were carried out in London, Swindon and the Greater Manchester area and were related to “a suspected plot to target a specific premises”, London’s Metropolitan police said in a statement.
The men, aged between 29 and 46, were arrested on suspicion of “preparation of a terrorist act” and remain in custody, the police said.
Nigel Farage has hailed Reform UK’s gains in Thursday’s elections as “unprecedented” and “the end of two-party politics”.
The party has taken control of 10 local councils, won two mayoral races and added a fifth MP to its ranks in the Runcorn and Helsby by-election now counting has been completed.
Many of these wins came at the expense of the Labour and Conservative parties, which have both sought to explain the results.
President Donald Trump appears to have his eye on a new gig after being back in the Oval Office for just over 100 days.
On Friday, the president posted an AI-generated image of himself as the pope on Truth Social, and it has gone viral. Less than a week prior to the post, Trump was in Rome attending the funeral for the late Pope Francis. As the Vatican searches for a new pontiff, it seems Trump is jokingly throwing his hat in the ring.
The post was met with a wide range of reactions—from some who found it funny to others who said it was offensive.
Three corrections officers at Wallens Ridge State Prison were stabbed Friday morning in a supposed “premeditated” attack, the Virginia Department of Corrections (VADOC) said.
The alleged attack took place shortly before 10 a.m. on Friday, according to a VADOC press release circulating on X. Five of the six inmates allegedly involved are confirmed members from the MS-13 gang, and the other inmate is a confirmed member of the Sureño 13 gang, officials said.
The MS-13 gang members allegedly involved are from El Salvador and were “in this country illegally,” the press release said. The other inmate is from the U.S. and is currently serving a sentence for second-degree murder, officials added.
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