Berkshire Hathaway reported an 18% increase in operating earnings to $11.35 billion for Q1 2026, its first full quarter under CEO Greg Abel. Net income more than doubled to $10.11 billion, helped by improved investment results despite a $1.24 billion investment loss. The company’s cash reserves hit a record $397 billion. Insurance underwriting earnings rose 28%, though Geico saw a 34% drop in profits. Shares rose about 1% following the report, reflecting investor confidence in the new leadership and strong financial performance.
Ethereum co-founder Vitalik Buterin challenged AI to find a secret Ethereum document he wrote under a pseudonym, testing online privacy and AI's limits. After 13 days, no AI or researcher succeeded due to overly narrow search filters that missed key ...
Austal (ASB) is set for robust growth driven by long-term U.S., Australian, and AUKUS naval shipbuilding contracts. Despite recent declines in its stock price, the company’s valuation does not reflect its strong order visibility and expansion potenti...
First Internet Bancorp is improving its net interest margins with management forecasting steady quarterly gains through the end of the year. Loan loss provisions are expected to decline in the second half, supporting a projected earnings per share (E...
Summit Midstream Corp is set for significant growth, aiming to nearly double its EBITDA by 2029 through the expansion of its Double E pipeline and improved balance sheet management. Despite carrying $1.23 billion in debt, the company maintains a stro...
A Bitcoin wallet holding 30 BTC, untouched since August 2011, was moved after nearly 15 years, realizing a gain of over 700,000%. The coins, part of the 'Noah Doe' set, are now worth about $1.88 million at current prices. This movement is notable as ...
