Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it

Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it


Key Points
  • Berkshire Hathaway owned roughly $4.3 billion worth of Alphabet as of Sept. 30, making it the firm’s 10th largest equity holding, a filing showed.
  • The Alphabet investment likely came from one of his two lieutenants, Todd Combs or Ted Weschler.
  • Though its size suggests it likely had the blessing of Buffett, who is stepping down as CEO at the end of this year.



Source

Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says
Finance

Chinese EV giant BYD is a buy — and not just for its cars, Bernstein says

Source

Read More
Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade
Finance

Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade

ETF Edge Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade Published Sat, Jan 17 202610:28 AM EST Krysta Escobar WATCH LIVE Source

Read More
Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks
Finance

Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]

Read More