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Also in this newsletter: the cost of upgrading EU industry for the green transition
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Israel orders shut down of Al Jazeera in the country, seizes equipment, in ‘dark day for democracy' CNNView Full Coverage on Google News
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Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions Yahoo FinanceFull recap of Warren Buffett's comments at the Berkshire Hathaway annual meeting: 'I hope I come next year' CNBCBerkshire Hathaway shareholders give thoughts on this year's Q&A session WOWTWarren Buffett holds first Berkshire Hathaway meeting without Charlie Munger CNNWarren Buffett on AI and Berkshire Hathaway selling Apple stock Quartz
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China's Xi Jinping is visiting Europe for the first time in five years - his goodwill tour will be an uphill struggle CNNChina's Xi Visits Europe, Seeking Strategic Opportunity The New York TimesXi Jinping begins first European tour in five years in France Al Jazeera EnglishChina's Xi praises French ties as Macron prepares to talk trade ReutersWatch Why Is China's Xi Visiting Europe? Bloomberg
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Noem suggests Biden's dog Commander should suffer a similar fate to Cricket, the dog she shot CNNKristi Noem Suggests Biden's Dog Should Have Been Killed, Too The New York Times5/5: Face the Nation CBS NewsTrump VP hopeful Kristi Noem suggests Biden's dog Commander should also be put down CNBCAnalysis | Kristi Noem just won't stop talking about killing her dog The Washington Post
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Panama election: Last-minute candidate José Raúl Mulino heads to victory after rivals concede The Associated PressPanama Election: José Raúl Mulino Wins Presidential Race The New York TimesPanama's new president-elect, José Raúl Mulino, was a late entry in the race The HillPanama's Mulino wins presidency with support from convicted former leader Reuters CanadaYears of growth forged prosaic politics. Now Panamanians are fed up The Economist
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Paramount Global to Pursue Simultaneous Talks with Sony/Apollo and Skydance as M&A Drama Drags On VarietySony and Apollo in Talks to Acquire Paramount The New York TimesParamount To Negotiate With Sony & Apollo But Continue Skydance Talks; James Cameron, Ari Emanuel Back David Ellison - Update DeadlineJames Cameron and Ari Emanuel Offer Support of Skydance's Bid for Paramount Hollywood Reporter
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Al Jazeera is shut down in Israel by Netanyahu's government amid war The Washington PostIsraeli Cabinet Votes to Shut Down Al Jazeera's Operations in the Country The New York TimesNetanyahu's government votes to close Al Jazeera offices in Israel NPRGaza war update: Israel retaliates after deadly Hamas rocket attack USA TODAYNetanyahu's Cabinet votes to close Al Jazeera offices in Israel The Associated Press
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The company is restless in searching for new revenue streams.
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Could the luxury EV maker be a deep value play for patient investors?
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James Cameron and Ari Emanuel Offer Support of Skydance's Bid for Paramount Hollywood ReporterSony and Apollo in Talks to Acquire Paramount The New York TimesParamount reportedly approves buyout talks with Sony, Apollo MarketWatchParamount Will Negotiate With Sony & Apollo But Continue Skydance Talks; James Cameron, Ari Emanuel Back David Ellison - Update Deadline
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Eventually, reality will catch up with this overhyped tech company.
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China's president arrives in Europe to reinvigorate ties at a time of global tensions NBC NewsFrance's Macron Calls for Reset of Economic Ties With China BloombergChina's Xi Visits Europe, Seeking Strategic Opportunity The New York TimesBonhomie and hardball: Xi Jinping visits Europe to avert trade war Financial TimesMacron meets Xi: Two emperors on the edge of two wars POLITICO Europe
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Kristi Noem Suggests Biden's Dog Should Have Been Killed, Too The New York TimesTrump VP hopeful Kristi Noem suggests Biden's dog Commander should also be put down CNBC5/5: Face the Nation CBS NewsKristi Noem Is Gunning for Biden's Dog Rolling StoneGOP senator: Noem is 'done' as potential Trump VP after dog revelation Business Insider
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ABC News President Kim Godwin Exits Network Hollywood ReporterKim Godwin steps down suddenly as president of ABC News The Washington PostABC News president Kim Godwin steps down after reports of turmoil at the network Fox NewsExclusive | ABC News President Kim Godwin Is Stepping Down The Wall Street JournalEmbattled ABC News President Kim Godwin steps down after tumultuous run C
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The legendary investor thinks Apple is better than any of Berkshire Hathaway's other businesses.
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Learn what makes these ETFs stand out.
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Kyle Larson beats Chris Buescher by .001 seconds NASCARLarson wins at Kansas in closest Cup finish ever ESPNNASCAR highlights: Kyle Larson wins AdventHealth 400 FOX SportsKyle Larson beats Chris Buescher at Kansas in closest finish in NASCAR history Yahoo SportsKyle Larson wins by 0.001 seconds over Chris Buescher, closest finish in NASCAR history Tennessean
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Kristi Noem acknowledges book has errors, still defends killing dog The Washington PostSouth Dakota governor Kristi Noem continues to be plagued by book controversies The Guardian USKristi Noem's New Book Falsely Says She Met Kim Jong-un The New York TimesTranscript: South Dakota Gov. Kristi Noem on "Face the Nation," May 5, 2024 CBS NewsKristi Noem keeps up the defense amid messy memoir rollout POLITICO
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Retailers jacked up prices and squeezed consumers. They might have just blinked CNNView Full Coverage on Google News
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Chinese president's first trip to region since 2019 comes amid rising tensions
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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At President Trump and Kim Jong Un's second summit in Hanoi, U.S. goals include getting North Korea to agree to freeze weapons of mass destruction and missile programs, and settling on a definition of denuclearization.
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