Investment
Features
FeesSafety
Academy
More
Pluang+

Berkshire Hathaway's new CEO Greg Abel boosts tech and retail stocks amid Buffett's quiet exit.

Market News
18 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Warren Buffett stepped down as CEO of Berkshire Hathaway on December 31, 2025, passing leadership to Greg Abel, who took over on January 1, 2026. Abel inherited a concentrated $331 billion equity portfolio heavily weighted in six stocks but has started adding growth-oriented names like Alphabet, Delta Air Lines, and Macy’s. Despite Berkshire underperforming the S&P 500 in 2026, Abel aims to revitalize the portfolio by increasing exposure to tech and retail sectors, while Buffett remains as board chair but will step back from decision-making. The firm also repurchased $234 million of its shares, signaling confidence in its future under new leadership.

More News (GOOGL)

Data centers to consume up to 16% of electricity by 2030, with solar+battery favored over natural gas.

Data centers to consume up to 16% of electricity by 2030, with solar+battery favored over natural gas.

The rapid growth of hyperscale data centers, driven by AI demand, is causing U.S. electricity consumption to surge after a decade of stagnation. Experts predict data centers will use 11-16% of total electricity by 2030, with investments in these faci...

Market News
Bullish
4 hours ago
SCHG outperforms VUG over 10 years due to index construction, making it a better choice for new large-cap growth investments.

SCHG outperforms VUG over 10 years due to index construction, making it a better choice for new large-cap growth investments.

The article compares two large-cap growth ETFs, SCHG and VUG, highlighting their similarities in holdings and investment approach. Despite these similarities, SCHG has outperformed VUG over a 10-year period, returning 412% compared to VUG's 372%. Thi...

Market News
Bullish
4 hours ago
TappAlpha launches TMGN ETF for tax-efficient income from top 10 tech giants in Cboe Magnificent 10 Index.

TappAlpha launches TMGN ETF for tax-efficient income from top 10 tech giants in Cboe Magnificent 10 Index.

TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...

Others
Bullish
8 hours ago
Warren Buffett led Berkshire's $10B investment surge in Alphabet, not CEO Greg Abel.

Warren Buffett led Berkshire's $10B investment surge in Alphabet, not CEO Greg Abel.

Warren Buffett revealed he personally initiated Berkshire Hathaway's recent large investment in Alphabet, including a $10 billion private stock purchase last month. Despite stepping down as CEO earlier this year, Buffett remains chairman and works cl...

Market News
Bullish
8 hours ago
Publishers sue Google for using copyrighted works to train AI without permission

Publishers sue Google for using copyrighted works to train AI without permission

A group of publishers and authors, including Hachette and Elsevier, filed a class action lawsuit against Google, accusing it of using their copyrighted books to train its AI platform, Gemini, without permission. The lawsuit alleges Google also remove...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App