American multinational financial services company known for cards and payments
Tesla is accelerating its AI and robotics agenda while its robotaxi rollout remains limited and costly. Quarterly data show robotaxi miles dwindling, even as Musk pushes Optimus and other AI initiatives. Analysts warn that regulatory hurdles and high CapEx complicate the path to scale.
Berkshire Hathaway has reduced its cash pile to $365.5 billion and heavily increased stock buybacks and equity purchases in Q2 under new CEO Greg Abel, signaling a shift in capital allocation while Buffett remains involved as chairman.
Berkshire Hathaway has increased its Alphabet stake to about 106 million shares—valued near $37.8 billion as of June 30—while expanding in Delta Air Lines and Lennar, and trimming holdings in several financial stocks. The shift comes under CEO Greg Abel, with Warren Buffett remaining involved but not dictating every move. The quarter also shows Berkshire’s cash pile declining as it deploys capital.
Parents and teachers have shared practical steps to help children handle school transitions. Specialists and families say scheduling playdates, connecting children with older students, mapping routes and encouraging early involvement in clubs or sports reduce anxiety and build friendships before the term begins.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
A380s are being retired early due to maintenance costs and a newer generation of jets. Qantas has begun the process of retiring its Airbus A380 fleet in 2028, four years ahead of schedule, after decades of service and mixed reliability in recent years.
The National Payments Corporation of India has announced a 0.4% merchant fee on UPI payments over ₹2,000 for merchants, with caps and exemptions for smaller transactions. The move funds digital-infrastructure and security while sparking debate on adoption costs for businesses.
Warren Buffett has stepped down as chairman of Berkshire Hathaway and has become chairman emeritus, remaining on the board. His son, Howard Buffett, has become non-executive chairman while Greg Abel continues as chief executive. The move completes a long‑planned succession more than nine months after Buffett handed the CEO role to Abel.
Berkshire Hathaway has nearly doubled its stake in Lennar to about 25.4 million shares, valued at roughly $2.1 billion, as the housing market slows and mortgage rates stay high. The purchases occurred between Sept. 17 and Sept. 21, with additional buys reported later in the week. Lennar’s quarterly results were weak, and Berkshire’s move is seen as a classic value play within the portfolio, guided by Ted Weschler.
Argentina faces an uncertain future after Lionel Messi confirms international retirement. The 2026 World Cup icon has dominated the national team for 21 years, prompting questions about leadership, strategy, and the post-Messi era as the federation maps out its next steps.
The US Treasury has assessed $1.2bn in civil penalties against Bank of America for failing to timely report more than $5bn in suspicious transactions, including over $1bn that posed national-security and high-priority risks. The OCC added a $750m penalty; OFAC settled for $11.6m. BofA has said the charge will reduce third-quarter earnings by about 17 cents per share.
American Airlines and Citi will raise annual fees on two AAdvantage cards to $150 in 2027, starting with Citi/AAdvantage Platinum Select World Elite Mastercard and Citi/AAdvantage Business World Elite Mastercard. The fee jump, from $99, begins Jan. 24, 2027, with a 12‑month waiver for new cardholders. Perks include travel credits, Global Entry/TSA PreCheck credits, and expanded mileage earnings, among others. The move follows similar fee increases by rivals and aligns with a broader push by airlines to monetize rewards programs.