Ticker: Buffett says his kids will give away fortune
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Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates' ties to convicted sex offender Jeffrey Epstein.
Buffett told CNBC Wednesday that Gates' association with Epstein is "distasteful," but the 95-year-old investor suggested that Gates' actions weren't much different from mistakes he had made over the years in hiring the wrong person or choosing his friends. Buffett says no one has a perfect record in judging people.
US stocks rise within 0.5% of their record
U.S. stocks ticked higher following strong profit reports from big companies.
The S&P 500 added 0.4% Wednesday and pulled within 0.5% of its all-time high set last month. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite climbed 0.6%. BlackRock helped lead the market after becoming the latest financial company to report a bigger profit for the latest quarter than analysts expected. Oil prices, though, rose toward their highest levels in a month.
Empty middle seat latest United Airlines offering
United Airlines is trying to attract flyers with another luxury: an empty middle seat.
The Chicago-based carrier plans to roll out new "Economy Plus" seats with no neighbor in the middle spot -- and instead use the space for a shared table between the aisle and window travelers. The offering is only set to be available in one row on United's new Airbus A321XLR aircraft, with sales not slated to start until later this year.
Amazon brings satellite internet to South Africa
Amazon says that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027.
That appears to put the company owned by Jeff Bezos ahead of Elon Musk's rival Starlink to claim business in Africa's most advanced economy. South Africa is also Musk's homeland. Amazon said Wednesday that it would partner with South African internet provider Herotel in its first agreement to provide satellite internet in Africa.
Carbon monoxide found in Ford Explorer; 3 dead
Officials in Toledo, Ohio, say the presence of carbon monoxide was confirmed in a parked vehicle where five people were found unresponsive and three of them died. The victims were discovered Wednesday after someone had arrived to help with a flat tire on the Ford Explorer.
The city's mayor later said three of the victims died while two children were hospitalized in critical condition. Toledo Fire Chief Allison Armstrong says investigators later started the vehicle with the doors closed and a meter inside. She says the meter showed a "high spike" of carbon monoxide inside the passenger compartment. Ford Explorers were part of a previous six-year investigation by the federal government into exhaust odors in passenger cabins.
YouTube joins Meta in appealing jury verdict
YouTube has appealed a landmark social media addiction lawsuit verdict in Los Angeles.
The jury found YouTube and Meta negligent in March in a case involving a young woman who claimed social media addiction worsened her mental health.
Mint produces $1 coin bearing Trump's face
The U.S. Mint has started producing a new $1 coin featuring President Donald Trump to help celebrate America's 250th birthday.
The Treasury Department announced Wednesday the commemorative coin will be released in the fall.