Two ways Berkshire hopes to cash in on AI

BECKY QUICK:  Welcome back, everybody. Berkshire Hathaway first invested in Japan’s five main “trading houses” just over six years ago, and it consistently increased its position. Berkshire now owns more than 10 percent of each of the top five.  And the company’s CEO, Greg Abel, is in Japan right now. He joins us for a…

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Wall Street’s existential crisis over perpetual futures — the 24/7 security on steroids — just got urgent

There’s an old trader saying: “Don’t put on a position that won’t let you sleep at night.” Perpetual futures, known as “perps” in short, are literally designed to do the opposite. Blockchain-enabled, 24/7-traded, never-expiring ‘futures’ – a label now legally contested by the Chicago Mercantile Exchange – are growing so fast overseas that they almost…

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