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

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.

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Google secures cheap nuclear power through 2049 to cut AI computing costs.

Google secures cheap nuclear power through 2049 to cut AI computing costs.

Google has signed a long-term contract to buy half the output of Finland's Loviisa nuclear power plant through 2049, locking in stable, low-carbon electricity costs for its AI infrastructure. This deal turns a volatile expense—wholesale electricity—i...

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Bullish
4 hours ago
Google signs first nuclear deal to extend Finland reactor, defying Jim Cramer's build difficulty warning.

Google signs first nuclear deal to extend Finland reactor, defying Jim Cramer's build difficulty warning.

Six days after Jim Cramer warned that building nuclear plants is very challenging, Google made its first-ever nuclear deal to extend the life of the Loviisa nuclear plant in Finland through 2050. Instead of building a new reactor, Google invested in ...

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Bullish
5 hours ago
Google simplifies switching password managers on Android without CSV files

Google simplifies switching password managers on Android without CSV files

Google has introduced a new feature on Android that allows users to switch between password manager apps without the need to download or upload CSV files. This update enables seamless transfer of passwords and passkeys directly between apps, improvin...

Others
Bullish
6 hours ago
Amazon borrows £4.25B in London, raising questions about US debt market capacity.

Amazon borrows £4.25B in London, raising questions about US debt market capacity.

Amazon raised £4.25 billion in London, sparking questions about whether the US debt market is saturated. The company’s capital spending, especially on AWS and AI, has driven long-term debt up to $119.1 billion. Despite a strong order book and favorab...

Market News
Neutral
7 hours ago
AI firms' debt equals 68% of new US Treasury borrowing in 2026, reshaping long-term bond markets.

AI firms' debt equals 68% of new US Treasury borrowing in 2026, reshaping long-term bond markets.

Major AI companies like Microsoft, Amazon, and Nvidia have issued about $320 billion in debt in 2026, accounting for 68% of new long-term U.S. Treasury borrowing. This surge in AI-related bond issuance is shifting the dynamics of long-term interest r...

Market News
Neutral
8 hours ago
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