New Buffett-Inspired ETF Holds Berkshire and Apple. It Aims for 15% Yield.
The ETF, which finished Wednesday at $19.15, is one of many that use the sale, or writing, of call options to augment income.
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Wall Street Journal
6 minutes ago
- Wall Street Journal
Trump Officials Weighed Broader China Tech Restrictions Ahead of Trade Talks
Commerce Department officials weighed new export limits on critical technology going to China ahead of recent trade talks in London, adding to the Trump administration's arsenal if tensions between Washington and Beijing escalate again. The Commerce Department unit overseeing export controls in recent weeks weighed tougher limits on semiconductors, including cutting off sales to China of a wider swath of chip-manufacturing equipment, people familiar with the matter said. Such a move would have covered equipment used to make everyday semiconductors, expanding beyond existing export limits on equipment for producing advanced chips.
Washington Post
15 minutes ago
- Washington Post
Florida budget puts millions in reserves as economic uncertainty brews. Here's a look by the numbers
TALLAHASSEE, Fla. — On the 105th day of what was supposed to be a 60-day session, Florida lawmakers gave final approval to a leaner state budget totaling $115.1 billion, marking the end of a lawmaking season that was largely defined by inter-party clashes in the Republican-dominated capitol . The new budget lacks some of the top priorities of legislative leaders and Republican Gov. Ron DeSantis, coming in $500 million less than the governor's proposed budget, and $3.5 billion less than last year's adjusted total, a goal of conservative lawmakers focused on scaling back state spending amid concerns of a broader economic slowdown . The state's legislative leaders had debated for weeks over competing tax cut proposals, initially pushing for broad sales tax relief for everyday Floridians before settling on a package that mostly benefits businesses. 'I don't view this on day 105 as a failure,' Republican Senate President Ben Albritton said. 'We dug in deep.' The budget now goes to the governor, who has the power to veto individual line items and is known for slashing into lawmakers' spending plans. Here's a look at Florida's budget by the numbers. While political and tropical storms loom on the horizon, Florida's legislative leaders have largely downplayed concerns about how President Donald Trump's aggressive and unpredictable economic policies could impact the state's budget, even as he pledges to phase out the federal agency that responds to hurricanes and other disasters that batter the state. But lawmakers have taken steps to shore up reserves, as forecasters warn of a busier than usual hurricane season and as economists fret over Trump's trade wars and a sweeping proposal to cut federal taxes and spending. Lawmakers crafted a compromise budget and tax cut package, which would save taxpayers and reduce state revenues by an estimated $1.3 billion a year, according to legislative staff. They've also taken steps to set aside an additional $750 million a year into a reserve fund for emergencies, pending voter approval. Republican House Speaker Daniel Perez said building up the reserves is about 'being prepared for the unexpected.' 'None of us know what the future holds,' Perez said. The legislature advanced a proposed constitutional amendment that would set aside $750 million a year — or an amount equal to up to 25% of the state's general revenue, whichever is less — into a reserve fund that lawmakers could only use for emergencies. The measure has to be approved by 60% of Florida voters to be implemented. The last time state officials tapped into the budget stabilization fund was in 2008, as the Great Recession blasted through Florida's tourism and development-heavy economy. Boosting the reserves is a prudent move, said Republican House Budget Committee Chair Lawrence McClure, and another way to cut state spending. 'We are doing this so that are we are truly prepared for a break the glass situation,' McClure said. Democrats have called the reserve fund a 'lock box' and said lawmakers should keep the funds on hand to support needy Floridians, at a time when many residents are priced out of their homes and schools and prisons are struggling to keep staff on the job. The Florida House had initially called for cutting the state's overall sales tax from 6% to 5.25%. A competing offer in the state Senate called for a tax break on clothing purchases under $75. Instead, the largest tax break lawmakers approved was for companies, by eliminating the state's business rent tax. They also approved tax cuts for a slate of special interests including casinos, airlines and NASCAR. Florida residents will get sales tax relief on hurricane supplies, sunscreen and bug spray, and a tax exemption on clothes and school supplies each August. State lawmakers are setting aside $4 billion for scholarships for private and religious education , two years after the Legislature expanded the state's voucher program to make all K-12 students eligible , regardless of family income. Since then, the state's indirect spending on private school tuition and homeschooling costs has risen dramatically, which critics warn is burning through the state's budget. Part of state lawmakers' push to cut back on what they see as government bloat is eliminating 2,238 vacant positions across state agencies from the department of health to the department of children and families. Many of the positions being cut have been vacant for three months. While the number of state jobs shrinks, state workers will receive an across-the-board 2% raise, while state law enforcement officers and firefighters will get a 10% total raise, and a 15% raise if they've been on the job for at least five years. The Legislature is also setting aside $3 million in grants for local jails that have contracted with the federal government to support immigration enforcement efforts. Florida has rushed to help the Trump administration carry out its mass deportation agenda and now leads the country in the number of local and state agencies signing on with the federal government to deputize their officers to carry out immigration enforcement. ___ Kate Payne is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Yahoo
18 minutes ago
- Yahoo
ChampionsGate Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on June 20, 2025
Monterey, CA, June 16, 2025 (GLOBE NEWSWIRE) -- ChampionsGate Acquisition Corporation (the 'Company') (Nasdaq: CHPGU), a blank check company, today announced that, commencing on June 20, 2025, holders of the 7,475,000 units (the 'Units') sold in the Company's initial public offering (the 'Offering') including Units sold upon a full exercise of the underwriters' over-allotment option, may elect to separately trade the Class A ordinary shares and rights included in the Units. Any Units not separated will continue to trade on the NASDAQ Global Market ('NASDAQ') under the symbol 'CHPGU.' Any underlying Class A ordinary shares and rights that are separated will trade on the NASDAQ under the symbols 'CHPG' and 'CHPGR,' respectively. Holders of Units will need to have their brokers contact the Company's transfer agent, Continental Stock Transfer & Trust Company, in order to separate the holders' Units into Class A ordinary shares and rights. The Units were initially offered by the Company in an underwritten offering. Clear Street LLC acted as the sole book-running manager for the Offering. A registration statement on Form S-1 (File No. 333-283689) relating to these securities was declared effective by the Securities and Exchange Commission (the 'SEC') on May 14, 2025. The Offering was made only by means of a prospectus, copies of which may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, or by email at ecm@ or by visiting EDGAR on the SEC's website at This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ChampionsGate Acquisition Corporation ChampionsGate Acquisition Corporation is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. Our efforts to identify a prospective target business will not be limited to a particular industry or geographic region. Forward-Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Registration Statement and related preliminary prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC's website, Contact Information: ChampionsGate Acquisition Corp. Bala PadmakumarChairman, Chief Executive Officer, and Director 419 Webster StreetMonterey, CA 93940Email: bala@ in to access your portfolio
