President Donald Trump on Thursday nominated Jay Clayton, the top U.S. attorney for Manhattan, to lead the Office of the Director of National Intelligence, as Democrats refused to support a critical foreign surveillance program renewal unless Trump removed acting DNI Bill Pulte. The FISA renewal, set to expire Friday, faces delays due to partisan disputes … Read more
President Donald Trump has appointed Bill Pulte, the current director of the Federal Housing Finance Agency, as the acting director of national intelligence. The appointment places the 38-year-old official in charge of the 18 agencies comprising the U.S. Intelligence community, including the Central Intelligence Agency and the National Security Agency, at a time marked by … Read more
The Abel Era: How Berkshire Hathaway is Rewriting the Rules of Capital Allocation For decades, the strategy at Berkshire Hathaway was clear: accumulate massive amounts of cash, wait for a market dislocation, and buy undervalued “moat” businesses. Under Warren Buffett, the conglomerate became a fortress of liquidity, often sitting on hundreds of billions of dollars … Read more