Warren Buffett may have cut Berkshire’s stake in Apple again in the third quarter
In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2…
Economy
Amazon closes at record after $38 billion OpenAI deal with AWS
OpenAI will immediately begin tapping Nvidia's AI processors using infrastructure from Amazon Web Services. ...
SNAP update: Trump admin will pay 50% of food stamp benefits in November amid shutdown
The agreement to use contingency funds to pay for food stamp benefits came after a judge said Trump administration could…
Palantir tops estimates, boosts fourth-quarter guidance on AI adoption
Palantir's earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.…
Berkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
Berkshire's operating profit generated from the conglomerate's wholly owned businesses including insurance and railroads jumped 34% in the third quarter. ...
Evolve Bank CEO fired after propositioning FBI agent who pretended to be a teen boy
In August, Evolve hired Hartheimer, who brought experience in financial regulatory matters, to help the bank recover from the collapse…
Global week ahead: Is Novo Nordisk past ‘peak uncertainty’?
CNBC's Charlotte Reed will travel to Copenhagen to speak with Novo Nordisk's new CEO after a bumpy few months. ...
Microsoft plans to hire more but with ‘a lot more leverage’ thanks to AI, CEO Satya Nadella says
The company wants to ensure that all of its employees can access its Microsoft 365 and GitHub Copilot artificial intelligence…
While AI spending is top of mind, online ads are driving a lot of Big Tech’s growth
Meta, Amazon, Alphabet and Microsoft reported quarterly earnings that showed rising digital ad sales and increased AI infrastructure spending. ...