Berkshire Hathaway’s Quarterly Profit Falls After Investment Gains Shrink
The conglomerate posted a 28% decline in quarterly net income after investment gains slumped and the conglomerate’s insurance operations reported lower profits.
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A Berkshire Hathaway Electric Utility Wants a Historic Rate Hike in California
Pacific Power is asking state regulators to approve a 57% rate increase that would boost the typical residential power bill by $120 a month.
The Wild Week That Brought AI Investors to the Brink
Democrats’ victories supercharged anxieties that had been building for weeks. Systematic trades amplified losses.
U.S. Stocks Mixed After Jobs Data, Muted AI Rebound
U.S. stocks ended mixed after strong jobs data and a modest rebound for AI companies failed to quell investor nerves about the sustainability of the AI boom.
Tech Stocks Recover Some Losses
Plus, Anthropic may scale back its IPO, and the Cybertruck meets its end
AI Stocks Rebound After Brutal Week for Nasdaq
The tech-heavy Nasdaq is reversing some of Thursday’s historic losses. The Dow, on the other hand, is about flat on the day after paring morning losses.
Healthcare Stocks Fall as Market Rout Spreads
Global healthcare stocks fell Friday, hit by a rout that reached Europe and Asia and spread across sectors after hammering AI trades and U.S. markets earlier in the week.
Taiwan Activates Market-Stabilization Measures to Stem AI Bleeding
Taiwanese authorities joined South Korea in moving to stem the bleeding in local equities caused by the global selloff in artificial intelligence-related stocks.
What the Midterm Shake-Up Means for Markets and Investors
Plus, Israel’s most important alliance confronts its biggest test in decades, and what’s next for Texas after the Democratic sweep.
Major Investors Are Skeptical Anthropic IPO Can Achieve $1.5 Trillion Valuation
Other investors say October financial results could lessen the blow of the market rout.
Elizabeth Warren’s Power in New Senate Is a Wall Street Nightmare
The Democrat is expected to head the Senate Banking Committee, giving her expansive authority over the financial industry.
The JPMorgan Alums Whose Big Bet on AI Stocks Is Being Put to the Test
Phil Scott and Jim Atwood struck out on their own in October in an effort to keep their wealth clients’ concentrated portfolios intact.
Wall Street Gets $2.5 Trillion AI Reality Check With Historic Rout of Tech Stocks
The Nasdaq composite closes in correction territory in the stock market’s worst day since last April’s tariff turmoil.