Warren Buffett and two major U.S. papers have stopped endorsing presidential candidates. Here's why

Warren Buffett announced that he would no longer endorse presidential candidates. This decision comes in response to a rise in fraudulent claims regarding his endorsements, particularly on social media platforms like Instagram. Likewise, the Washington Post and LA Times are also leaning towards the same, with some critics citing the publications caved from possible 'intimidation' from Donald Trump nearing the November 5 elections. 

> The Washington Post and Los Angeles Times have decided to stop endorsing presidential candidates, breaking from their long-standing tradition, just days before a close election. The decision sparked controversy, with critics accusing the papers of caving to potential intimidation from Donald Trump. The Post's editorial staff had reportedly prepared an endorsement for Kamala Harris, but owner Jeff Bezos overruled it. Media experts expressed concern over the impact on journalism, while the Trump campaign welcomed the move as a sign of the candidate's weakness.

> Warren Buffett has decided not to endorse Kamala Harris or Donald Trump, a shift from his past support of Democratic candidates like Barack Obama and Hillary Clinton. The Berkshire Hathaway CEO explained that voicing political opinions could harm his company by provoking backlash, potentially leading to protests or boycotts. Buffett believes his employees and shareholders should not bear the consequences of his personal views. Despite not publicly supporting Harris, it's possible that he has communicated with her privately.

> Spirit Airlines saw a 16% surge in stock price after announcing plans to cut costs by $80 million, primarily through job reductions, and sell 23 older Airbus aircraft for $519 million. Despite the stock rise, Spirit continues to struggle with profitability challenges post-pandemic and aircraft grounding issues. The airline has also extended a deadline to refinance over $1 billion in debt until December. Additionally, Spirit and Frontier Airlines have revived merger talks following the collapse of Spirit's acquisition by JetBlue earlier this year.

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