Wells Fargo to Name CEO Charlie Scharf Chairman
Wells Fargo on Thursday said its board has also awarded Scharf a one-time special equity grant consisting of $30 million in restricted share rights and nearly 1.05 million stock options.

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Motor 1
19 minutes ago
- Motor 1
‘I'm Sorry, But That's Not My Fault:' Woman Drives in to Fuel Up Her Car. Then She Learns That She's Pumping Someone Else's Gas
A woman is going viral after sharing a gas station mix-up that left her feeling confused and frustrated. Is She the A-Hole? In a trending video, content creator Ashley Miller (@millerpartyof7) shared the strange encounter she just had at the gas station. 'Am I the [expletive]? A story time, if you will,' Miller said. Miller explained that she was distracted while talking to her son and started pumping gas without realizing the pump had already been activated. Moments later, the gas station attendant rushed outside and told her she was 'pumping somebody else's gas.' 'I'm just like confused,' she says. 'And he's not explaining it.' At first, she assumed her own payment had gone through. But, after thinking about it, she realized she never entered her gas card PIN—something required for the transaction to process. That's when she asked the employee a clarifying question: Had he accidentally applied someone else's prepayment to her pump? His response: 'Maybe I did, maybe I didn't.' By that point, she'd already pumped the full $20. The attendant told her she needed to come inside and pay for it. But she pushed back, arguing that the mix-up wasn't her fault. 'It was a total accident,' she says. 'You screwed up.' What Did She Do About the Money? She describes standing there for a moment, angry and unsure of what to do next. Then, she noticed a young man nearby leaning against his car, clearly waiting. She asked if he was the one who prepaid, and when he confirmed he probably was, she apologized and handed him $20 to cover the gas. 'He like didn't want to take my money,' she says. 'But I just—I'm not going to take $20 from you.' The situation resolved without further incident, but the woman still had questions. Was it her responsibility to fix a mistake made by the attendant? Should she have gone inside and paid the gas station directly, or was reimbursing the customer the right move? She says she felt bad about how things played out, but also feels like the attendant could've handled it differently. 'Am I the jerk here?' she asks at the end of the video. Whose Fault Is It? A gas station shared in a blog that once payment is registered for a pump, the transaction is considered complete, even if the customer never fueled up. As they put it, when someone pre-pays inside and forgets their pump, and then another person uses it, the second person is seen as the one who received the gas, and the station won't usually reset the transaction. A legal advice forum echoes this, stating that even if the attendant mistakenly assigns payment to the wrong pump, the person who actually fuels may still be held responsible for payment. Refusing to pay could be viewed as theft, regardless of where the error originated. Commenters React 'I don't think you are. You made it right with the boy and the employee shouldn't have treated you that way,' a top comment read. 'The employee completely mishandled the situation and should have accepted responsibility for his mistake, corrected it, and apologized,' a person said. 'He works in a gas station. Can't really expect him to use the queen's English and offer you tea and crumpets as an apology,' another wrote. Motor1 reached out to Miller for comment via email and TikTok direct message. Now Trending 'I Immediately Text Our Salesperson from the Dealership:' Woman Buys 2021 Ford Bronco. Then She Looks in the Glovebox 'I Want To See a Picture:' Woman Takes Her Chevrolet Trailblazer to the Dealership. Then They Say Rodents Voided Her Warranty Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Yahoo
30 minutes ago
- Yahoo
Berkshire Hathaway issues stern warning over Trump's tariffs as profits impacted — here's what investors need to know
Warren Buffett's Berkshire Hathaway just reported second-quarter operating earnings of $11.16 billion — a slight 4% dip compared to last year. The modest decline was driven by lower insurance underwriting profits, even as other divisions like railroads, energy, retail, and manufacturing posted solid gains. But what really stood out wasn't the numbers — it was the tone. In its official filing, the company warned that President Trump's newly imposed tariffs on goods from Mexico, Canada, and China pose a real threat to its businesses. 'It is reasonably possible there could be adverse consequences on most, if not all, of our operating businesses,' Berkshire wrote in its Q2 earnings report. Buffet put it more bluntly and called tariffs 'an act of war, to some degree,' in a recent interview with CBS's Norah O'Donnell. 'Over time, they are a tax on goods. I mean, the tooth fairy doesn't pay 'em! And then what? You always have to ask that question in economics. You always say, 'And then what?'' Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 5 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it Tariffs may feel invisible — but they hit you While tariffs are framed as penalties on foreign countries, they often raise prices for American businesses and consumers. If it costs more to import steel, electronics, or groceries, someone pays — and usually, it's you. Buffett has long warned about how trade restrictions can: Raise the cost of everyday goods Disrupt supply chains Trigger retaliatory tariffs that hurt American farmers and exporters The latest moves by the Trump administration — including a proposed $250 visa fee for some international travelers and limitations on tax deductions for gambling losses — are already affecting tourism, manufacturing, and agriculture. Buffett's companies touch all those sectors, so his concern isn't theoretical. Still sitting on a mountain of cash Despite the cautionary tone, Berkshire is still immensely profitable and liquid. The firm ended the quarter with $344 billion in cash, slightly down from its record $347 billion earlier this year. But instead of spending, Buffett is holding back: No share buybacks in Q2 11 straight quarters of net stock selling $4.5 billion in equities dumped in the first half of 2025 Buffett seems to be waiting for better deals, or maybe bracing for a correction. Read more: Nervous about the stock market in 2025? Find out how you can A few red flags in the portfolio Berkshire also recorded a $3.8 billion loss on its long-troubled Kraft Heinz investment, which is reportedly weighing a grocery spinoff to revive growth. Two Berkshire directors resigned from the Kraft Heinz board earlier this year, suggesting waning confidence. And despite shares falling more than 10% from a record high, Berkshire didn't repurchase any of its own stock — a sign the firm may be anticipating more room to fall. What it means for you You don't need to own Berkshire stock to pay attention to this report. Berkshire's cautious tone, especially around tariffs, should resonate with everyday Americans. Tariffs will lead to higher prices — whether it's appliances, electronics, or groceries, expect price hikes if trade tensions escalate. Buffett's warnings point to a ripple effect for everyday Americans: Higher prices on goods imported from key trade partners Potential job losses in manufacturing and agriculture due to retaliatory tariffs More market volatility as investors respond to global trade uncertainty Food inflation may also stick around. Kraft Heinz's struggles reflect challenges across the grocery industry: high input costs, changing consumer tastes, and pressure to spin off underperforming brands. Buffett and Berkshire Hathaway aren't alone with their concerns. Other CEOs and economists have voiced concern that new trade barriers could hamper economic recovery just as inflation is cooling and interest rates are stabilizing. Even with billions in profit and an army of businesses, Buffett's Berkshire Hathaway is waving a red flag about the state of the economy. And when the 'Oracle of Omaha' is cautious, it's smart to listen. Keep an eye on policy, not just profits. What to read next Robert Kiyosaki warns of a 'Greater Depression' coming to the US — with millions of Americans going poor. But he says these 2 'easy-money' assets will bring in 'great wealth'. How to get in now Here are 5 simple ways to grow rich with real estate if you don't want to play landlord. And you can even start with as little as $10 Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
30 minutes ago
- Yahoo
Cops find trove of unexploded IEDs at home of Tennessee man accused of making threats to officials
Sheriff's deputies in Tennessee found 14 improvised explosive devices in the home of a man who allegedly was planning to detonate them when law enforcement arrived, according to the Polk County Sheriff's Office. Detectives accompanied deputies on Friday to the home of Kevin Wade O'Neal, 54, to arrest him on active warrants. O'Neal is accused of threatening to kill public officials and law enforcement personnel. While the deputies were arresting O'Neal, the noticed that something was burning in the bedroom where they found him, according to NBC News. They examined the object and determined that it was an improvised explosive device (IED). The deputies requested assistance from the state's Bureau of Alcohol, Tobacco, Firearms, and Explosives and local bomb squad officers. The agents and officers searched the property and allegedly found 14 IEDs inside O'Neal's home, as well as a woman hiding in a dryer, according to ABC News 9. O'Neal allegedly planned to detonate the devices when law enforcement arrived, according to detectives The affidavit claims that, if the bombs had gone off, they would have sent shrapnel flying 2,500 feet and would have put nine deputies and two women inside the house in serious danger. O'Neal is facing numerous charges, including 11 counts of attempted first-degree murder, 14 counts of prohibited weapons, and one count of possession of explosive components, according to the sheriff's office. ABC News 9 reports that O'Neal allegedly made threats on his social media pages. In one post from July, O'Neal allegedly wrote "Steve Ross, Josh Stroud you better get your Wiccan Snitch out of my life or you can die with em." Steve Ross is the Polk County Sheriff, according the the outlet. In another rambling post from July 8, O'Neal allegedly made a post sharing his frustration with Polk County officials, his ex-wife, and various other people before saying he would die killing them all. "I will die killing you before I take comfort in life surrendering to your wishes," he allegedly wrote. "I consider it an honor to kill each of you and to give my life in the process of the battle against you." The sheriff's office said that O'Neal is currently being held at the Polk County Jail. No bond has been set at the time of this report.