For decades, Berkshire Hathaway‘s annual meeting has doubled as a kind of financial Woodstock, drawing tens of thousands to hear Warren Buffett dispense homespun wisdom, crack jokes and field hours of questions. This year will be different. For the first time, the 95-year-old Buffett won’t be the central figure on stage, marking a new era…
AI signage at the Robert Bosch booth at the Beijing Auto Show in Beijing, China, on Saturday, April 25, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — Electric carmakers in China are layering on more of the same artificial intelligence features as they try to survive a prolonged price war in the world’s largest…
The steering wheel on an Inceptio Technology autonomous truck in Jinan, Shandong Province, China, on Thursday, April 18, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — While AI updates make headlines every few weeks, those advances are not enough to get self-driving vehicles on the road more quickly. That’s according to Chinese autonomous trucking…
Bill Ackman’s long-awaited push into public markets debuted Wednesday, marking a scaled-back but still ambitious step toward building a Berkshire Hathaway-like investment platform. The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations after marketing a deal that initially targeted between $5 billion and $10…
Samuel Boivin | Nurphoto | Getty Images Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short of internal growth expectations, raising fresh questions about whether the pace of spending across the sector is sustainable. Oracle dropped about 7.5% in premarket trading Tuesday. Oracle…
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images Odds that Kevin Warsh will be confirmed as chairman of the Federal Reserve in…
As geopolitical tensions ripple through global energy markets and a deal to end the U.S.-Iran war remains elusive, oil prices have soared, but there’s an even better trade on energy volatility that investors have flocked to: the cost of moving crude. The Breakwave Tanker Shipping ETF (BWET), a little-known exchange-traded fund tied to crude oil…
The restauranteur behind New York’s famed Carbone said there’s been a big shift in consumer behavior with younger customers spending less on alcohol but more on high-end dining experiences. “They’re definitely health conscious. There’s certainly been a trend of drinking less,” Mario Carbone, the CEO of Major Food Group, said on “Mad Money” on Friday….
Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry. The stock opened at $30.11, after upsizing its initial offering, pricing at $23 per share — ahead of the initial range of $16 – $19 per share. The company raised more…
Outgoing Dow CEO Jim Fitterling said clearing the disruption in the Strait of Hormuz could take far longer than investors expect. “Some scenario planning that we did said that even if the straits were to reopen today, just to clear the logistics logjam… is going to take 275 days, maybe more now,” he told Jim…
