After catching heat for accepting Vladimir Putin's denials of Russian election hacking, President Donald Trump sought to clarify his stance by insisting he had misspoken and reiterating his confidence in U.S. intelligence findings.
One of America’s richest men is now its no. 2 real estate broker. Warren Buffett's Berkshire Hathaway bought HomeServices of America, Inc. in 2000; the company has since grown through acquisitions, including Long & Foster Cos. last year, to dominate its business sector.
New York prosecutors have charged Harvey Weinstein with more sex crimes, including criminal sexual act against a third woman and two counts of predatory sexual assault, “the most serious sexual offenses that exist under New York’s Penal Law,” said District Attorney Cyrus Vance.
Bill Gates pledged $12 million toward universal flu vaccine research following a devastating flu season. Half will come from his foundation and the other half from Larry Page, in up to $2 million increments for “bold and innovative” projects that could be ready for clinical trials by 2021.
During a commencement address at the Virginia Military Institute, Rex Tillerson warned of a "growing crisis in ethics and integrity" among American leaders. Some pundits linked the former Secretary of State’s comments to former boss President Trump.
Dallas Mavericks owner Mark Cuban has been fined $600,000 for saying "losing is our best option" on a podcast this week. The Mavericks are currently one-half game away from the worst record in the NBA -- also putting them within one game from the top pick in the next draft lottery.
The onset of Amazon Prime Day brought news that the online behemoth's CEO, Jeff Bezos, had achieved a net worth of $150 billion. That number surpassed the inflation-adjusted record held by Bill Gates, whose $100 billion peak in 1999 translates to $149 billion today.
Ivanka Trump spoke out on her father's family separation policy, calling it a "low point" during her time in the White House. "I am very vehemently against family separation and the separation of parents and children so I would agree with that sentiment. Immigration is incredibly complex as a topic," she said.
In the 10th edition of their annual letter, Melinda and Bill Gates took on President Trump’s “America First worldview,” with Melinda writing: “I wish our president would treat people, and especially women, with more respect when he speaks and tweets.”
CEO Tim Cook apologized for Apple slowing down iPhones with degraded batteries. Meanwhile, Apple has pledged a $350 billion U.S. investment over 5 years. The “Paradise Papers” leak last November revealed the company paid a tax rate as low as 0.005% for its extensive holdings in Ireland.
George Soros is calling for “more stringent regulations” on Facebook and Google. The billionaire financier accused the companies of being a “near-monopoly” and of being tempted to “compromise” themselves to enter the authoritarian Chinese market, where they’re banned.