Minimalist News

Simply the latest news, updated on the hour.

World

AI Summary

  • Warren Buffett's protégé, Todd Combs, is leaving Berkshire Hathaway to join JPMorgan, highlighting a transition in leadership as the iconic investor approaches retirement.
  • The US House of Representatives has passed two bills aimed at preventing the IRS from imposing fines without specific supervisory approval, strengthening taxpayer protections.
  • Economic activity this week is notably busy with key events involving the Federal Reserve's anticipated rate cut decision, alongside significant earnings reports from companies like Oracle and Broadcom.
  • Amidst a competitive media landscape, Paramount has launched a bid to acquire Warner Bros Discovery for approximately $108.4 billion, intensifying the ongoing battle against Netflix.
  • The recent spike in global oil prices has reversed after weeks of oversupply concerns, now prompting a focus on potential military tensions impacting energy markets, particularly linked to the ongoing conflict in Ukraine.

Powered by OpenAI

ZeroHedge

  • Buffett Protégé Todd Combs Leaving Berkshire For JPMorgan 39 minutes ago by Tyler Durden

    Buffett Protégé Todd Combs Leaving Berkshire For JPMorgan Warren Buffett, 95, has still not departed the investment conglomerate he founded decades ago, and already Berkshire Hathaway is rocked by departures: this morning we learned that his investment protégé Todd Combs is leaving Berkshire for a new role at JPMorgan Chase, as a new guard prepares to take over at the sprawling $1.1tn conglomerate. Todd Combs was seen as Warren Buffett’s investment protégé Berkshire announced Combs’ departure alongside a series of wider leadership changes on Monday, which come as Buffett prepares to hand over the reins to top Berkshire executive Greg Abel in the

  • House Approves Bill Blocking IRS Fines Without Specific Supervisory Approval an hour ago by Tyler Durden

    House Approves Bill Blocking IRS Fines Without Specific Supervisory Approval Authored by Naveen Athrappully via The Epoch Times (emphasis ours), The House of Representatives voted to pass two bills on Monday that increase protections for taxpayers in matters related to penalties imposed by the IRS and tax dispute proceedings in the U.S. Tax Court. The IRS building in Washington on Jan. 9, 2025. Madalina Vasiliu /The Epoch Times The first bill, HR 5346, the Fair and Accountable IRS Reviews Act, relates to supervisory approval for certain federal penalties imposed by IRS agents on taxpayers. An IRS employee can impose certain federal penalties on taxpayers after

  • 'Disappointed' Trump Raps Zelensky Who 'Hasn't Yet Read' Peace Proposal 2 hours ago by Tyler Durden

    'Disappointed' Trump Raps Zelensky Who 'Hasn't Yet Read' Peace Proposal President Trump has continued to speak frankly about Zelensky and the Ukrainian government, at a moment of a sense of stalled frustration on the peace plan with Russia unveiled last month. His frustration with Keiv continues to show, especially after high hopes for his 28-point peace plan were dashed by yet more roadblocks which saw his Thanksgiving deadline quickly come and go. While speaking on the red carpet at the Kennedy Center Honors on Sunday night, Trump bluntly stated he was "a bit disappointed" that Ukrainian President Volodymyr Zelensky had not yet

  • Magnitude 7.2 Quake Strikes Off Japan, Triggers Tsunami Alert 2 hours ago by Tyler Durden

    Magnitude 7.2 Quake Strikes Off Japan, Triggers Tsunami Alert A powerful earthquake struck offshore along Japan's northern coast near Aomori and Hokkaido just moments ago. Japan’s Meteorological Agency has issued a tsunami alert, warning that water surges could reach up to 3 meters (about 10 feet) along parts of the northeastern coast. Prime Minister Sanae Takaichi told reporters that citizens in the affected areas must continue moving to higher ground following the magnitude 7.2 earthquake. > #BREAKING: Prime Minister Sanae Takaichi urges Japanese citizens to continue evacuating to higher ground following the powerful M7.6 earthquake. https://t.co/uWNYN0XU1c pic.twitter.com/LZqskGa6FP > > — Intel Net (@IntelNet) December 8,

  • Key Events This Busy Week: Fed, JOLTs, Central Banks Galore; Oracle & Broadcom Earnings 2 hours ago by Tyler Durden

    Key Events This Busy Week: Fed, JOLTs, Central Banks Galore; Oracle & Broadcom Earnings It's a busy week for both economic news and central banks, with all roads pointing to Wednesday’s FOMC, where overwhelming consensus is for the Fed to deliver a final and third 25bps rate cut for 2025, making it 6 cuts and 175bps in this easing cycle since September 2024 (there was a very painful path to get here with several communication mix ups by Fed officials). The decision is unlikely to be unanimous, with dissent anticipated from both hawkish and dovish members. Should four or more officials break


The Guardian

  • White supremacist notions threaten sovereignty of South Africa – Ramaphosa an hour ago by Rachel Savage in Johannesburg
    South Africa, Race, Cyril Ramaphosa, Donald Trump, Africa, World news, Trump administration

    President hits out at false claims promoted by Donald Trump and Elon Musk that Afrikaner minority is being racially persecuted White supremacist ideology and false claims that South Africa’s Afrikaner minority is being racially persecuted pose a threat to South Africa’s sovereignty and national security, the country’s president, Cyril Ramaphosa, has warned. Since taking office for his second US presidential term in January, Donald Trump has repeatedly claimed without evidence that South Africa’s government is seizing land and encouraging violence against white farmers. Continue reading...

  • Ancient Egyptian pleasure boat found by archaeologists off Alexandria coast 8 hours ago by Dalya Alberge
    Egypt, Archaeology, Greece, Africa, World news, Heritage

    First-century luxury vessel matches description by the Greek historian Strabo, who visited city around 29-25BC An ancient Egyptian pleasure boat that matches a description by the first-century Greek historian Strabo has been discovered off the coast of Alexandria, to the excitement of archaeologists. With its palaces, temples and the 130 metre-high Pharos lighthouse – one of the seven wonders of the ancient world – Alexandria had been one of the most magnificent cities in antiquity. The pleasure boat, which dates from the first half of the first century AD, was 35 metres long and constructed to hold a central pavilion with a

  • Nigerian state secures release of 100 out of 265 kidnapped schoolchildren 19 hours ago by Agence France-Presse in Minna
    Nigeria, Africa, World news

    Gunmen abducted 315 pupils and staff last month from St Mary’s school in Niger state as part of spate of kidnappings Nigerian authorities have secured the release of 100 kidnapped schoolchildren taken by gunmen from a Catholic school last month, a UN source and local media said on Sunday, though the fate of another 165 students and staff thought to remain in captivity remained unclear. In November 315 students and staff were kidnapped from St Mary’s co-educational boarding school in north-central Niger state, as the country buckled under a wave of mass abductions reminiscent of the infamous 2014 Boko Haram abduction of

  • Troops and warplanes deployed in Benin after ‘failed coup attempt’ 20 hours ago by Guardian staff and agencies
    Benin, Africa, World news, Ghana, Nigeria, Sierra Leone, Guinea, Guinea-Bissau, Burkina Faso

    West African Ecowas forces sent to country after group of soldiers announced dissolution of government on state TV West African troops were deployed to Benin on Sunday after what the country’s president described as an unsuccessful coup attempt. Benin’s president, Patrice Talon, said on Sunday that the situation was “totally under control” after security forces acted to end a coup attempt by a group of soldiers who attacked state institutions. Continue reading...

  • Gunmen kill at least 12 people including three-year-old in hostel in South Africa 2 days ago by Oliver Holmes
    South Africa, Africa, World news, Gun crime

    Police launch ‘manhunt’ after 25 people are shot in early morning in township attack west of Pretoria Gunmen have stormed into a hostel in South Africa’s capital and killed at least 12 people, including a three-year-old child, and injured more than a dozen others. Police said they had launched a “manhunt” for three people and were investigating whether the killings were linked to a bar within the hostel that may have been selling alcohol illegally. Continue reading...


South China Morning Post

  • Paul Thomas Anderson’s ‘One Battle After Another’ leads Golden Globes with 9 nods an hour ago by Associated Press

    Paul Thomas Anderson’s One Battle After Another scored a leading nine nominations to the 83rd Golden Globe Awards on Monday, adding to the Oscar favourite’s momentum and handing Warner Bros a victory amid Netflix’s acquisition deal. In nominations announced from Beverly Hills, California, One Battle After Another landed nominations for its cast – Leonardo DiCaprio, Teyana Taylor, Sean Penn and Chase Infiniti – and for Anderson’s screenplay and direction. It’s competing in the category for comedy...

  • New mpox strain found in UK after travel to Asia an hour ago by Agence France-Presse

    The UK Health Security Agency (UKHSA) said on Monday it had identified a new strain of the mpox virus in England in a person who had recently travelled to Asia. “Our genomic testing has enabled us to detect this new mpox strain,” said Katy Sinka from the UKHSA, a government agency responsible for preventing and controlling the spread of infectious diseases. The agency said it would continue to “assess the significance of the strain”, which had elements of both mpox subtypes: the more severe...

  • Paramount counters Netflix with US$108.4 billion bid for Warner Bros 2 hours ago by Reuters

    Paramount Skydance on Monday launched a hostile bid worth US$108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant. Netflix had emerged victorious on Friday from a weeks-long bidding war with Paramount and Comcast, securing a US$72 billion equity deal for Warner Bros Discovery’s TV, film studios and streaming assets. But Paramount’s latest attempt means the jockeying for Warner...

  • 63 children among 114 dead in strikes on Sudan kindergarten, hospital: WHO 4 hours ago by Agence France-Presse

    The World Health Organization (WHO) said on Monday that 114 people, including 63 children, were killed in “senseless” strikes on a hospital and kindergarten in Sudan’s South Kordofan state last week. The strikes “hit a kindergarten and, at least three times, the nearby Kalogi Rural Hospital, killing 114 people, including 63 children, and injuring 35 people,” WHO Director General Tedros Adhanom Ghebreyesus said on social media, citing the UN health agency’s Attacks on Health Care monitoring...

  • In reaching out to China, European states can’t keep acting alone 4 hours ago by Sebastian Contin Trillo-Figueroa

    Few leaders travel to China seeking gravitas and return with only a couple of pandas, but French President Emmanuel Macron managed to do just that. After surrendering sovereignty to US President Donald Trump, Macron visited China seeking a validation that his citizens no longer grant. His authority at home has been eroded through cabinet implosions, collapsing support, stalled budgets and demands for his resignation. China could see that before he even stepped off the plane. Beijing handled a...


New York Times

  • Obamacare Users Face Higher Deductibles and Higher Premiums 42 minutes ago by Reed Abelson
    Health Insurance and Managed Care, Prices (Fares, Fees and Rates), Patient Protection and Affordable Care Act (2010), United States Politics and Government, Tax Credits, Deductions and Exemptions, Law and Legislation, Insurance, Two Thousand Twenty Six, Medicare, Politics and Government, Senate Committee on Finance, Democratic Party, Republican Party, Trump, Donald J

    People who have insurance under the Affordable Care Act are being asked to pay more for plans that will cover less of their care.

  • A Major Test of Presidential Power, and How States Make Billions From Online Casinos 3 hours ago by Will Jarvis and Ian Stewart
    United States Politics and Government, Conservatism (US Politics), States (US), Casinos, Supreme Court (US)

    Plus, the social changes sweeping Iran.

  • These Independent Agencies Could Be Affected by a Supreme Court Case 2 hours ago by The New York Times
    Chemical Safety and Hazard Investigation Board, Commodity Futures Trading Commission, Consumer Product Safety Commission, Dulles International Airport (Washington, DC), Federal Election Commission, Federal Labor Relations Authority, Federal Maritime Commission, Federal Trade Commission, Foreign Claims Settlement Commission, Legal Services Corp, Maritime Commission, Merit Systems Protection Board (US), National Credit Union Administration, National Indian Gaming Commission, National Labor Relations Board, National Mediation Board, United States Institute of Peace, United States International Trade Commission, United States Commission on Civil Rights, Securities and Exchange Commission, Postal Service (US), Postal Regulatory Commission, Occupational Safety and Health Review Commission, National Transportation Safety Board

    Court filings identify more than two-dozen quasi-independent boards and commissions that could be affected by a Supreme Court ruling in President Trump’s favor.

  • Must the Military Disobey Unlawful Orders? Pam Bondi Has Said Yes. 4 hours ago by Adam Liptak
    United States Politics and Government, United States Defense and Military Forces, Immunity from Prosecution, Presidential Election of 2024, Conservatism (US Politics), Presidential Election of 2016, Presidents and Presidency (US), Defense Department, Supreme Court (US), United States Navy, Trump, Donald J, Bondi, Pamela J, Alito, Samuel A Jr, Hegseth, Pete

    As a lawyer for a conservative think tank, Ms. Bondi, now the attorney general, filed a Supreme Court brief last year saying service members who followed such orders were committing crimes.

  • Paramount Makes Hostile Bid for Warner Bros. Discovery 2 hours ago by Benjamin Mullin and Lauren Hirsch
    Mergers, Acquisitions and Divestitures, Media, Movies, Video Recordings, Downloads and Streaming, Regulation and Deregulation of Industry, Warner Bros Discovery, Paramount Pictures, Netflix Inc, HBO Max

    The offer to shareholders comes days after Warner Bros. agreed to sell its streaming and studio business to Netflix.


Looking for more? Search Google News