🗞️Warren Buffet's last day as CEO

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December 31st, 2025

What happened today 🇺🇸,

• Today is Warren Buffett's last day as CEO of Berkshire Hathaway, after he announced his retirement earlier this year at the annual shareholder meeting, with Greg Abel set to take over as CEO on January 1st

• President Trump issued his first two vetoes of his second term, rejecting the Finish the Arkansas Valley Conduit Act, which aimed to ease funding for a long-delayed $1.4 billion water pipeline and the Miccosukee Reserved Area Amendments Act, which would expand tribal control over a Florida Everglades village to protect it from flooding…Trump cited excessive taxpayer costs for the pipeline and accused the Miccosukee Tribe of obstructing his immigration policies

• Axios reported that Israeli Prime Minister Netanyahu discussed the possibility of a "round 2" of strikes on Iran in 2026 with President Trump during their Monday meeting, raising concerns about Tehran's efforts to rebuild its nuclear program and ballistic missile capabilities following the June conflict…read more here

• Former U.S. Senator, Ben Nighthorse Campbell, from Colorado who was a Northern Cheyenne tribe member, has died at age 92 from natural causes

• The Trump administration has imposed new sanctions targeting four companies and four associated oil tankers (Della, Nord Star, Rosalind, and Valiant), accused of evading restrictions to facilitate Venezuela's oil exports

• The U.S. is poised to end 2025 with the largest one-year drop in homicides ever recorded, around 20% nationwide based on preliminary data from 550 law enforcement agencies, surpassing the prior 15% record decline in 2024 and reaching the lowest totals since FBI tracking began in 1960

• OpenAI has set a record for the highest employee compensation in tech startup history, with average stock-based pay reaching $1.5 million per employee across its roughly 4,000-person workforce in 2025

• Saks Global Enterprises, owner of Saks Fifth Avenue and Neiman Marcus, is preparing to file for Chapter 11 bankruptcy within days after missing a more than $100 million interest payment

• The average 30-year U.S. fixed mortgage rate dropped to 6.15% this week, its lowest level of 2025, down from 6.18% last week and significantly below the 6.91% average a year ago

• DOW down .63% / S&P down .74%

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Bonus: A look at the top 50 assets in the world

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