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Berkshire CEO Greg Abel vows to keep Buffett’s culture of disciplined investing in first annual letter
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Greg Abel speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Berkshire Hathaway‘s Greg Abel used his first annual shareholder letter as chief executive to reassure investors that the conglomerate’s culture of financial conservatism and disciplined investing established […]
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Xiaomi launches flagship smartphone as memory price surge threatens sales
Xiaomi launched the Xiaomi 17 Ultra at Mobile World Congress in Barcelona on March 28. 2026. Xiaomi Xiaomi launched its latest flagship smartphones globally on Saturday as an unprecedented surge in memory chip prices threatens to dampen sales. The Xiaomi 17 and 17 Ultra represent the Chinese technology giant’s top tier devices aimed at challenging […]
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Berkshire Hathaway operating earnings fell nearly 30% in Warren Buffett’s final quarter as CEO
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway reported a big decline in its operating earnings for the fourth quarter, due in large part to weakness in the conglomerate’s insurance business. Earnings from operations totaled $10.2 billion […]
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Google wants Intrinsic to be ‘Android of robotics’ as it pushes into physical AI
Intrinsic CEO Wendy Tan White has led the company to graduate out of Alphabet’s “Moonshot” factory X. Intrinsic Google became a powerhouse in smartphones by creating the Android operating system and partnering with handset makers in need of an answer to Apple’s iPhone. Now the search giant has a similar plan for tackling robotics. Earlier […]
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Here’s an update on our 4th Industrial Revolution stocks and the rest of the portfolio
On Friday, the CNBC Investing Club held its February Monthly Meeting, where Jim Cramer and Director of Portfolio Analysis ran through each stock in the portfolio. Jim put a special focus on the Club stocks within the artificial intelligence trade. He’s dubbed them the “Fourth Industrial Revolution stocks,” borrowing the term from Nvidia CEO Jensen […]
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Apple appears to be sitting out the AI arms race. Will the strategy work?
Unlike many of its Big Tech counterparts, Apple has refrained from spending massive amounts of money on artificial intelligence. Although that strategy has shareholders sweating, analysts in general aren’t worried. In fiscal 2025, Apple allocated $12.72 billion on capital expenditures likely tied to AI. That’s far less than what Alphabet , Meta , Microsoft and […]
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Anthropic faces lose-lose scenario in Pentagon conflict as deadline for policy change looms
Anthropic is heading into Friday in a no-win situation. The artificial intelligence startup has until 5:01 p.m. ET to decide whether it will agree to allow the Department of Defense to use its models in all lawful use cases without limitation. If it doesn’t, Defense Secretary Pete Hegseth has threatened to label the company a […]
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World’s largest sovereign wealth fund’s bets on Big Tech and banking drive gains
A view of Bryggen, the historic Hanseatic Wharf in Bergen, Norway, on Sept. 16, 2024. Manuel Romano | Nurphoto | Getty Images Norway’s $2 trillion oil fund, the largest of its kind, generated an annual profit of about $248 billion last year, with strong gains in global equities driving a 15.1% return. Norges Bank Investment […]
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Smartphone market poised for ‘sharpest decline on record’ in 2026
KUALA LUMPUR, MALAYSIA – SEPTEMBER 19: Customers line up outside an Apple store ahead of the launch of the iPhone 17 series at Tun Razak Exchange (TRX) on September 19, 2025 in Kuala Lumpur, Malaysia. The iPhone 17 line represents the next generation of iPhones and accessories set to hit international markets. (Photo by Annice […]
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The world’s biggest sovereign wealth fund is using Anthropic’s Claude AI model to screen investments for ethical issues
Nicolai Tangen, CEO of Norges Bank Investment Management, addresses a press conference on his company’s annual results for 2024 at Norges Bank in Oslo, Norway, on January 29, 2025. Ole Berg-rusten | Afp | Getty Images Norway’s $2 trillion oil fund, one of the world’s biggest investors, said Thursday that it is now using AI […]
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