Warren Buffett said Saturday that he will step down as the head of Berkshire Hathaway (BRK.A) at the end of this year, ending a storied investing career that saw him beat the market year after year and earned him the nickname “Oracle of Omaha.” Buffett, Berkshire’s CEO and chairman, said he will recommend to the […]
Warren Buffett to Step Down as CEO of Berkshire Hathaway by Year’s End Read More »
Microsoft led the charge, with the stock jumping more than 11% for the week, fueled by surging cloud and AI demand — and management’s clear, detailed take on both in the earnings call. Azure cloud revenue grew 33% year-over-year, reaccelerating from the previous quarter and beating both internal targets and Wall Street estimates. “Almost half
Microsoft Pulls Ahead in the Cloud and AI Race, Leaving Amazon Searching for Focus Read More »
The S&P 500 just notched its longest winning streak in more than 20 years. After climbing for nine straight sessions and gaining 10%, it has now erased all the losses suffered since April 2 — the day President Donald Trump launched his global trade war. But as the article puts it: “The question is why.”
Wall Street Rides a Retail-Driven Rally, But Storm Clouds Linger Read More »
Homebuyers are retreating once more, with mortgage demand falling even as rates remained relatively stable last week. “Applications for a mortgage to purchase a home dropped 4% last week compared with the previous week,” according to the Mortgage Bankers Association’s seasonally adjusted index. The report noted that “volume was just 3% higher than the same
Homebuyers Back Off as Mortgage Applications Drop Amid Economic Jitters Read More »
Founders don’t move their companies across the Atlantic because they hate their home countries. They do it because they’re building businesses”European Startups”, not political programs. As the article puts it, “Founders… want to build the biggest company possible, access the largest customer base, hire great talent and access capital. In most cases, that means scaling
European Startups Aren’t Traitors for Moving to the US Read More »
Google’s ad network has begun showing advertising within the flow of conversations with chatbots — part of Alphabet Inc.’s broader strategy to maintain its dominance in digital advertising amid the rapid rise of generative artificial intelligence. Earlier this year, Google AdSense, which traditionally displays ads in search results and web margins, expanded to include conversations
Google Expands Ads into AI Chatbot Conversations as Part of New Monetization Push Read More »
Mortgage rates dipped again on Thursday, marking the second consecutive week of modest declines, but they continued lingering in the elevated upper-6% range against the backdrop of economic uncertainty. The average rate on 30-year fixed home loans edged down to 6.76% for the week ending May 1, retreating from 6.81% the previous week, according to
Mortgage Rates Ease Slightly but Remain Elevated Amid Market Uncertainty Read More »
The US stock market has been on a rollercoaster during President Donald Trump’s second term. The S&P 500 posted its third-worst 100-day start to a presidential term in US history, only behind Gerald Ford and Richard Nixon. The S&P 500 initially surged after Trump’s reelection in November on expectations for a pro-business boom. Yet as
S&P 500 Under Pressure: Trump’s Second Term Marks Historic Volatility Read More »
Arizona State University has launched SPORTx, a universitywide initiative designed to accelerate sports-related entrepreneurial ventures and empower student-athletes. SPORTx will be headquartered in the heart of Sun Devil Athletics at Mountain America Stadium in Tempe, according to an official statement by the university. The new initiative is anchored by the J. Orin Edson Entrepreneurship +
PORTx Initiative at ASU Unites Athletics and Entrepreneurship to Fuel Innovation Read More »
Apple (AAPL) stock fell early Friday morning after the company said it expects to face a $900 million headwind as a result of tariffs in the current quarter. Pressed by analysts on potential tariff impacts beyond its June quarter, CEO Tim Cook declined to comment, saying he didn’t want to “predict the future.” For its
Apple Faces $900M Tariff Hit Despite Beating Q2 Expectations Read More »
