At Berkshire Hathaway's first annual meeting led by new CEO Greg Abel, attendance was notably lower without Warren Buffett's usual presence. Abel emphasized the strong performance of Berkshire's diverse businesses, including insurance, railroad, and utilities, and highlighted the company's use of artificial intelligence to solve problems. Buffett, now chairman, praised Abel's leadership and the continued growth of Berkshire's investments, particularly in Apple. Abel assured shareholders he will maintain Berkshire's culture and operational approach, with no major changes expected soon.
In June, U.S. nonfarm payrolls increased by 57,000, falling short of the 114,000 expected, while the unemployment rate unexpectedly decreased to 4.2%. Labor force participation also declined to 61.5%. Memory chip stocks, including SK Hynix and Samsun...
On April 8, 2025, President Donald Trump made 327 stock purchases focused on major tech companies during a market sell-off triggered by his new tariff plan. The next day, he announced a partial rollback of these tariffs, causing the S&P 500 to surge ...
In the first half of 2026, the Technology Select Sector SPDR Fund (XLK) led sector gains with a 33% return despite a June pullback due to AI spending concerns and Fed rate hike fears. The Energy sector (XLE) rose 21%, driven by supply disruptions and...
A UBS survey of over 7,500 smartphone users reveals growing iPhone demand in the US and Europe, while interest in China drops to a record low of 15%. This decline in China is concerning as it represents about 20% of Apple's sales and may reflect broa...
UBS analyst David Vogt maintains a Hold rating on Apple stock with a 12-month target price of $296, reflecting mixed signals from a global smartphone user survey. While iPhone purchase intent rose in the U.S., UK, and Germany, demand softened in Chin...
