Greg Abel took over as Berkshire Hathaway’s chief executive on January 1, 2026, inheriting a cash position unlike anything in the conglomerate’s six-decade history. Berkshire’s cash and short-term Treasury holdings climbed to a record $397.4 billion by the end of March, up from $373 billion at year-end 2025. Berkshire’s stock was up about 3% year-to-date
Riot Platforms (RIOT) has built its company for years around one exceedingly volatile asset: Bitcoin. Artificial intelligence may be offering it a completely unique future. Riot has signed a deal with Anthropic, the company behind Claude, to offer 191 megawatts of data-center capacity at its Rockdale, Texas, site, Barron’s reported, in a deal worth about
About 20 million barrels of petroleum liquids pass through the Strait of Hormuz every day. That is roughly 20% of global oil consumption moving through a waterway just 21 miles wide at its narrowest point. Iran sits on one side of it. That geography has given Tehran one of the most powerful pieces of economic
While multiple low-cost airlines flew off with significant success in multiple parts of the world in the early 2000s, the model of luring in customers with a low base fare and then making up for it with ancillary charges gradually stopped working as operating costs rose and mainstream airlines introduced basic economy. The biggest low-cost
After closing hundreds of stores and offloading a major luxury brand, one of the fashion industry’s best-known groups continues to shrink its retail footprint. The move comes as luxury companies navigate a challenging environment marked by softer shopping demand, economic uncertainty, and shifting spending patterns. According to the McKinsey & Company State of Fashion 2026 Report,
Time and again, I’ve seen the same movie at Intel, from different angles. From the layoffs, the 18A yield progress, the management restructuring, the CHIPS Act subsidies, and the Q2 beat, which was the company’s strongest revenue growth in 15 years. Each piece of the puzzle has been pointing in the same direction: Artificial Intelligence
When announcing new service to Puerto Escondido on the Oaxacan Coast in the spring of 2025, American Airlines boasted of flying to more destinations in Mexico than any other U.S. carrier. Drawing in approximately 40 million tourists on a given year, the southern neighbor of the United States is by far the world’s most-visited country
The Trade Desk (TTD) has reported the kind of profits that could shift how Wall Street values a growth stock permanently. The digital-advertising company’s shares plunged roughly 22% on Aug. 7, according to Barron’s, falling to their lowest level since January 2019 and becoming the S&P 500’s worst performer for the session. The reason went
For most of the past two years, investors have treated the monthly jobs report as the most important number in the economy. Strong hiring meant the Fed could hold rates higher. Weak hiring meant cuts were coming. The relationship was simple enough that markets moved predictably on the first Friday of every month. Goldman Sachs
Wall Street’s been debating a rather unusual possibility since the Federal Reserve’s July 29 meeting. Was the bond market doing the Fed’s tightening for it? Fed Chair Kevin Warsh stressed that Treasury yields had already moved sharply higher even though policymakers held the federal funds rate steady at 3.50%-3.75%. However, at the center of things