Warren Buffett is postponing his usual midyear Berkshire Hathaway donation to the Gates Foundation until a review of the foundation's ties to Jeffrey Epstein is completed. This delay could push the donation to his annual Thanksgiving letter. Meanwhile, Oppenheimer downgraded major banks like Goldman Sachs and Morgan Stanley, citing late-cycle industry risks. In tech, Microsoft faces negative sentiment despite leading in AI infrastructure, while Google and Amazon receive more favorable market responses. Other news includes a merger between Patrick Industries and LCI Industries and NBCUniversal exploring video game publishing post-spinoff.
Berkshire Hathaway is expected to outperform the S&P 500 during near-term market turbulence due to its defensive portfolio and a record $397 billion in cash reserves. The company’s limited exposure to speculative AI investments and focus on stable, c...
Greg Abel, CEO of Berkshire Hathaway, was sworn in as a U.S. citizen during a naturalization ceremony hosted by the Iowa Cubs in Des Moines. Abel, originally from Canada, celebrated the milestone by throwing out the ceremonial first pitch before the ...
