Have Chicago wheat futures climbed about 40% from June 2026 lows?

Yes. According to Reuters reporting on September 23, 2026, benchmark Chicago wheat futures had climbed about 40% from June lows to a three-and-a-half-year high as Black Sea grain shipping stayed severely constrained by the Russia–Ukraine war. Attacks on vessels and port infrastructure have brought cargo movements from the Black Sea region to a near standstill … Read more

Did St. Louis Fed President Alberto Musalem say more rate hikes are likely needed in September 2026?

Illustration of rising interest-rate bars for Federal Reserve policy

Yes. In a September 21, 2026 interview with Reuters, St. Louis Federal Reserve Bank President Alberto Musalem said the Fed will likely need to raise interest rates further to bring down inflation fueled by strong demand and a commodity-price shock that has moved beyond oil. Musalem said that without further policy restraint, inflation is more … Read more

Are all foundations nonprofit?

No. In the United States, the everyday word “foundation” is not the same as “nonprofit,” and it is not itself a federal tax classification. Under IRS rules, every organization that qualifies as tax-exempt under Internal Revenue Code section 501(c)(3) is classified as either a public charity or a private foundation. Private foundations are a kind … Read more

Did Berkshire Hathaway name Warren Buffett chairman emeritus in September 2026?

Yes. On September 18, 2026, Berkshire Hathaway announced that Warren E. Buffett was named chairman emeritus, effective immediately, while remaining a member of the board of directors. The board elected his son, Howard G. Buffett — a Berkshire director since 1993 — as chairman. Greg Abel continues as chief executive officer. Buffett said the timing … Read more