Greg Abel channels Buffett’s deal-making style in nearly $17 billion spree, expanding into tech
The back-to-back deals offer one of the clearest signals yet that Abel is prepared to put Berkshire’s enormous balance sheet to work.
Microsoft unveils new AI models to lessen reliance on OpenAI and lower costs for developers
At its Build developer conference, Microsoft is announcing series of generative AI models to try and crack a market controlled by OpenAI, Anthropic and Google.
Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions
Goldman Sachs CEO David Solomon’s comments come as investors prepare for what will be one of the busiest periods for equity issuance in years.
The last time the S&P 500 rose this rapidly — outside of recession periods — was before the 1987 crash
There are some big dislocations in the stock market that are worrying investors.
Rubio says U.S. is in talks with Iran over nuclear program as senators press for war endgame
Rubio says Iran nuclear talks may advance soon as senators press Trump on war strategy, Strait of Hormuz, Cuba and Venezuela policy.
Trump signs AI executive order asking companies to give government early access to models
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The CFTC has sparked a potential revolution on Wall Street. Exchange stocks are dropping
Investors are worried about increased competition for the traditional exchanges that have long dominated on Wall Street.
Job openings in April surged to 7.6 million, the highest in nearly two years
The Bureau of Labor Statistics reported that available employment hit 7.6 million for the month, a surge of 731,000 from the prior month.
HPE surges 25% after blowout earnings, pacing for its best day ever
Shares of Hewlett Packard Enterprise surged 27% Tuesday morning, pacing its biggest daily gain ever as the company posted its biggest earnings beat since 2018.
Trump picks housing Dir. Bill Pulte as acting intelligence chief, replacing Tulsi Gabbard
Pulte will keep his existing titles as FHFA director and chairman of the mortgage groups Fannie Mae and Freddie Mac, Trump said in his announcement.