Economy

Economy
Economy

Abel reversed Buffett’s two biggest convictions in six months

Warren Buffett spent his final stretch as Berkshire Hathaway’s chief executive building the largest corporate cash reserve in American history. He sold more stock than he bought for 14 consecutive quarters and effectively froze share repurchases across his final six, CNBC reported. By the time he handed the role to Greg Abel on January 1,

Read More
Economy

Vanguard VOO’s hidden $40B trade affects your retirement fund

A $40 billion institutional trade cycles through Vanguard’s S&P 500 exchange-traded fund (VOO) every quarter, affecting retirement account holdings, Bloomberg reported. Foreign institutions are behind the quarterly movement, exploiting a scheduling gap between VOO and BlackRock’s iShares Core S&P 500 ETF (IVV) to sidestep U.S. dividend taxes. The two funds track the same index and

Read More
Economy

Michael Burry turns a 40-year habit into a major stock bet

Michael Burry is famous for making bets that look strange before they look obvious. His latest one may be his most personal. The investor most famous for forecasting the collapse of the U.S. housing market says he has boosted his position in Birkenstock Holding (BIRK) to 5.2%, placing a big bet on over four decades

Read More
Economy

Audi isn’t fighting China with a bigger car

The last time Audi, a subsidiary of Volkswagen Group (VWAGY), tried to build the smartest small car in Europe, it lost money doing it. The original A2, launched in 1999, wore an all-aluminum body, and one diesel version burned just three liters of fuel per 100 kilometers, a feat Audi’s own anniversary retrospective still calls

Read More
Economy

BofA stays bullish on a cloud titan that is down 25%

Wall Street’s two biggest markets are telling opposite stories about the same company right now. Equity investors keep buying every dip. Credit investors keep demanding more insurance against a default that stock buyers barely seem to consider. Oracle Corporation (ORCL) sits at the center of that disagreement. Shares have fallen 25% since the company’s last

Read More
Economy

Fed rate-hike threat heats up this week as August inflation data looms 

Your wallet and your portfolio kick off this week quivering on the cusp of anticipation for the newest round of inflation data that’s coming in just days. It could trigger an interest-rate hike by the Federal Reserve next week that will pinch households, investors, and businesses, just as the nation heads into a bitter midterm

Read More
Economy

50-year-old theme and water park to close forever after summer season

While all amusement parks require significant upkeep to keep the rides both up to safety standards and interesting to new generations of visitors, any place offering water rides will incur specialized expenses due to the constant wear-and-tear that comes when high-volume electrical systems are exposed to harsh pool chemicals and constant moisture. In some cases,

Read More
Economy

Warren Buffett’s Berkshire raises stake in media giant

Warren Buffett’s Berkshire Hathaway just made it clear that its interest in The New York Times isn’t a one-time move. After tripling its position in the first quarter of 2026, Berkshire (BRK.B) added even more New York Times (NYT) stock in the second quarter, growing its share count by more than 3.5%, according to Berkshire

Read More
Economy

Nvidia’s cash could reshape an AI cloud contender

Startups spend years courting brand-name investors to build credibility before they go public. Rarely does one of those investors also happen to be the company’s biggest supplier, and in a roundabout way, one of its own paying customers. Nscale, a two-year-old British AI cloud computing firm, is negotiating to raise up to $3.5 billion ahead

Read More
Economy

Overlooked EV stock surges despite buyers abandoning zero-emission cars

ChargePoint (CHPT) spent most of the past two years as a stock few investors wanted. Then it reported earnings, and sentiment changed quickly. The electric vehicle charging company beat expectations on both revenue and profit for its second quarter, and traders pushed the shares sharply higher. ChargePoint sells commercial-grade Level 2 and DC Fast charging

Read More