Author: Editor-In-Chief
(This is the Warren Buffett Watch newsletter, news and analysis about Warren Buffett and Berkshire Hathaway. Sign up here to receive it in your inbox every Friday night.)Abel: Berkshire’s culture and values ”are the same and will last forever.”In his first letter to Berkshire Hathaway shareholders, new CEO Greg Abell didn’t try to imitate Warren Buffett’s down-to-earth, conversational writing style.But he stressed that he does not intend to make any major changes to the way the company has operated for decades under Buffett’s leadership.Mr. Abel opened the letter calling Mr. Buffett “perhaps the greatest investor of all time” and acknowledged…
In a frenetic Old Firm clash at Ibrox, Celtic came from two points behind to draw 2-2 with Rangers, with Reo Hatate’s late equalizer saving them a point. Youssef Cermiti’s stunning goal gave Rangers an early lead as the hosts ramped up the pressure, and the striker took advantage of a laxity in Celtic’s defense to double their lead just before the half-hour mark. Celtic closed the gap through Kieran Tierney’s header and improved significantly after half-time and were the better team in the second period. Use Chrome Browser for a more accessible video player Rangers striker Youssef Chelmiti scores…
One day not too long ago, our founder texted an update to his investors. We’re replacing our entire customer service team with Claude Code, an AI tool that lets you write and deploy software on your own. For Lex Zhao, an investor at One Way Ventures, the message signaled something bigger: a moment when companies like Salesforce stopped automatically becoming the default. “The barrier to entry to creating software is now so low thanks to coding agents that in many cases, the build-versus-buy decision has shifted to building,” Zhao told TechCrunch. Changes in building and buying are only part of…
Shareholders and analysts largely praised Greg Abel in his first annual shareholder letter as Berkshire Hathaway’s chief executive, praising his clear commitment to preserving the company’s long-standing values and operating philosophy while addressing lingering questions about capital allocation in the post-Buffett era. Abel, who succeeded Warren Buffett as CEO in early 2026, used the letter to outline a clear framework of core values centered on financial strength and disciplined investing. For now, many investors seem satisfied that Mr. Abel has stuck to the blueprint that Mr. Buffett carefully laid out over 60 years. “I think it was important that Warren…
On Saturday, as the United States and Israel attacked Iran, US President Donald Trump sent a message to Islamic Revolutionary Guards Corps (IRGC) conscripts, asking them to surrender or die.”I want to say tonight to the members of the Islamic Revolutionary Guard Corps, the armed forces and the police: You must lay down your weapons and earn complete immunity,” Trump said. “Or you will face certain death. So lay down your weapons. You will be fully immune and treated fairly. Or you will face certain death.”Instead, they retaliated with drone and missile attacks against Israel and several Arab states with…
Tel Aviv, Israel — What undermines this moment’s sense of relief for many oppressed Iranians is that killing Supreme Leader Khamenei is a dangerously simplistic solution to a very complex problem. Hamanei’s reign was marked by mismanagement and ultimately ended with his trademark repression, one of the bloodiest episodes of violence his regime used to maintain its hold on power. His ouster sparked celebrations in Tehran, 40 days of official mourning and large pro-regime crowds, as well as a struggle by the regime’s remnants to plan what’s next. Israeli officials hinted that the attack was rushed to take advantage of…
Anthropic’s chatbot Claude appears to be benefiting from the attention surrounding the company’s difficult negotiations with the Department of Defense. As first reported by CNBC, Claude has risen to the top of the free app rankings on Apple’s U.S. App Store. It overtook OpenAI’s ChatGPT to take the number one spot on Saturday evening, and held the position on Sunday morning. According to SensorTower data, Claude was just outside the top 100 at the end of January, but spent most of February in the top 20. The rankings have risen rapidly over the past few days, reaching 6th place on…
Aire Images | Moments | Getty ImagesAs the business world comes to terms with artificial intelligence, the biggest risk may be that those running the economy will not be able to stay ahead of the curve. As AI systems become more complex, humans will be unable to fully understand, predict, and control them. Not understanding at a fundamental level where AI models are headed over the next few years makes it difficult for organizations deploying AI to anticipate risks and apply guardrails. “We’re basically going after a moving target,” said Alfredo Hickman, chief information security officer at Obsidian Security. Hickman…
Honor Robot Phone features a camera that pops out from the device itself.honorHonor unveiled the capabilities of its robot phone on Sunday as the Chinese electronics company aims to stand out from larger rivals such as Samsung and Samsung. apple.The company, which spun off from Huawei in 2020, also launched its latest foldable smartphone, the Magic V6, as part of an event at Mobile World Congress in Barcelona on Sunday. Additionally, Honor teased a humanoid robot, but there were few details. These releases come against a backdrop of continued memory chip shortages and unprecedented price increases, which are expected to…
WASHINGTON (AP) — President Donald Trump and his picks to head the Treasury and the Federal Reserve believe they can steer the U.S. economy into a 1999-like party state.They are putting their trust in artificial intelligence to replicate what happened in the 1990s when another technology, the Internet, emerged. At the time, the American economy was booming as business productivity increased, unemployment fell, and inflation was contained.Trump is confident that his candidate will become Fed chairman. Kevin WarshBy abandoning the president’s reluctance to see hidden central bank rate cuts, he could unlock even greater economic benefits.Many economists are skeptical.Today’s world…