Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank’s strong 2024 run. Warren Buffett’s conglomerate sold … Read more

Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race

Markets could unwind the ‘Trump trade’ after Biden drops out of presidential race

The letter in which U.S. President Joe Biden announced his withdrawal from candidacy is being displayed on a mobile phone screen in front of a computer screen displaying a photo of President Biden and US Vice President Kamala Harris, on July 21, 2024 in Ankara, Turkiye. Anadolu | Anadolu | Getty Images The “Trump trade” … Read more

Kamala Harris needs to turn her political fortunes around in quicktime

Kamala Harris needs to turn her political fortunes around in quicktime

Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024. Jeff Kowalsky | AFP | Getty Images The pressure is on Vice President Kamala Harris to turn around her political fortunes and win the Democratic Party’s nomination, analysts say, after U.S. President Joe … Read more

AI that can talk with other AI will launch in 2025, Capgemini predicts

AI that can talk with other AI will launch in 2025, Capgemini predicts

Photo Of Robot Examining Invoice With Magnifying Glass. Andreypopov | Istock | Getty Images Artificial intelligence-powered agents will be able to work together and solve tasks in a so-called “multi-agent AI” system by 2025, according to technology services giant Capgemini. Such a system would entail a collection of agents that work together to solve tasks … Read more

The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat

The ‘Trump trade’ is on pause. Political uncertainty is now in the driver’s seat

It didn’t take long to remember what a second Donald Trump presidential term would mean for the stock market, did it? Unpredictability. Random attacks. No one safe. Mercurial positions. The only difference? Former Vice President Mike Pence meant nothing. He was supposed to mean nothing. Now the Republican candidate’s new running mate, Sen. JD Vance … Read more

Biden drops out, China LPR

Biden drops out, China LPR

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets are set to fall on Monday in Asia, on the back of news that U.S. President Joe Biden has dropped out of the presidential race, and endorsed Vice … Read more

Delta offers crews double pay to staff flights after IT outage

Delta offers crews double pay to staff flights after IT outage

Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian … Read more

Video game series returns after over a decade

Video game series returns after over a decade

EA Sports College Football 25.  Courtesy: EA Sports The 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. Some fans of the old game who have spent less time with their XBox and PlayStation in recent years are quickly realizing they’ve … Read more

Alphabet earnings and 3 more things we’re watching in the stock market next week

Alphabet earnings and 3 more things we’re watching in the stock market next week

This week was all about rotation. Investors spent much of the week shifting funds around, locking in profits with winners — mainly megacap tech stocks — and taking positions in many overlooked areas of the market that are due for a bounce, especially once the Federal Reserve starts cutting interest rates. The result: The Nasdaq … Read more

U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says

U.S. will fall behind in the AI race without natural gas, Williams Companies CEO says

Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024.  F. Carter Smith | Bloomberg | Getty Images The U.S. will fall behind in the artificial intelligence race if it does not embrace natural gas to help meet surging … Read more