American multinational conglomerate holding company based in Omaha, Nebraska.
Democratic Socialists of America-backed candidates have swept primaries in New York City and beyond, signaling a growing movement that now confronts rural areas and state legislatures.
Warren Buffett has redirected about $6 billion of Berkshire Hathaway stock away from the Bill & Melinda Gates Foundation to four family foundations and has accelerated plans to distribute his remaining Berkshire shares by Dec. 31, 2034. He has said he reviewed Bill Gates’s testimony about Jeffrey Epstein and has met Gates in Omaha since those documents were released.
The Gates Foundation has released a three-page summary of a WilmerHale review into its past engagements with Jeffrey Epstein. The review finds no evidence of payments to Epstein or illegal activity, but notes that Gates and foundation staff met Epstein about 30 times from 2011 to 2014, focusing on a donor-advised fund concept and a grant to the International Peace Institute. Gates expresses regret and the foundation says it will strengthen governance and vetting.
The report, drawing from multiple outlets, notes a surge in AI-themed exchange-traded funds and the expanding use of leverage. Investors are warned about volatility and the risk of volatility decay as products chase the AI story.
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.
Google has unveiled a new Pixel 11 lineup featuring Gemini AI across devices, including Live Transcribe for ASL, Rambler voice transcription, Circle to Search in-camera, and a pro/fold variant lineup with expanded storage and higher prices. New camera and accessibility features aim to showcase AI-driven task automation and smarter interfaces.
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.
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.
A federal judge has rejected the Justice Departments request to force Google to sell its AdX ad exchange. Judge Leonie Brinkema has ordered behavioural changes instead, sealed her full opinion for 14 days and given the parties 30 days to propose a final judgment. Both sides are preparing next steps.
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.
Large floods persist in northern Vietnam as rain stops, with authorities evacuating hundreds and warning of continued flooding along rivers and low-lying areas. Damage includes thousands of hectares of crops, homes submerged, and multiple fatalities. Forecasters warn heavy rain will resume in southern regions in coming days.
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.