You're reading a newsletter from The Indicator from Planet Money. Once a week, we curate our favorite stories and insights on business, finance, economics and why they matter. Subscribe here to get it in your inbox every Friday.Have you ever wondered what Warren Buffett does in his free time? Turns out he's a YouTube guy, as prone to the rabbit hole as any of us.You might expect the recently retired Berkshire Hathaway CEO to consume nerdy financial content, but no.
According to The Wall Street Journal, we learned he's prone to watching Paul Anka videos, clips of Bill Murray films, and my personal favorite … O'zbekiston Got Talent, the Uzbek knock-off of America's Got Talent.But who hasn't gone through that phase?Coming upTrivia: What do most countries with a sovereign wealth fund have in common? Email your answer to [email protected] to Know: American investors are seeing an opportunity in Europe.
The continent saw a 14 percent rise in military spending to $864 billion last year, due to pressure from Russia and Trump's own unhappiness with low spending from NATO allies.The hike is prompting a spate of new defense start-ups keeping up with modern warfare.
They're building tech like AI-powered battlefield management, drones, and spy satellites.These start-ups are already bidding and winning contracts… so the pay-off is coming fast.
In fact, these startups have raised a RECORD amount of capital this year, with help from Americans.Why the U.S.is loving this: Just about half of the funding in Europe's defense tech industry is coming from American investors this year! What's up?What to Know: Five coal-fired power plants and one running on oil and gas would no longer be online if not for the Trump administration.
The Department of Energy used emergency authority to keep the plants going past their scheduled retirement, something that's never been done in the history of the DOE.It was also against the wishes of some of the plants.
Secretary of Energy Chris...