For the first time in 60 years, the Berkshire Hathaway annual shareholder letter didn’t come from Warren Buffett. Greg Abel, the 63-year-old Canadian who officially took over as CEO at the start of 2026, published his inaugural letter Saturday — and it was as revealing for what it didn’t say as for what it did. The headline number: Berkshire’s cash pile sits at $373.3 billion, down slightly from the $382 billion reported in Q3. Abel called it "dry powder" and "a strategic asset to be deployed at the right time." He was emphatic that the cash is not a retreat from dealmaking. "It allows us to ...

The U.S. and Israel launched coordinated strikes on Iran Saturday morning, and investors are scrambling to figure out what Monday’s open will look like. The S&P 500 fell 0.43% on Friday in anticipation, the Dow dropped 521 points, the Nasdaq shed nearly 1%, and Dow futures sank another 622 points after the news broke. Oil jumped above $72 a barrel. Gold surged 11% in February alone. Classic risk-off chaos. But here’s what most traders are missing: the real story isn’t the initial spike in defense stocks. It’s that companies like Lockheed Martin and RTX have spent years transforming their ...

Well, well, well. Just when you thought 2026 couldn't get any more interesting, here comes some good old-fashioned geopolitical drama to shake up your portfolio. The weekend attacks on Iran have oil traders reaching for their stress balls and energy stocks doing a little happy dance. Here's the deal: Iran is reportedly moving to close the Strait of Hormuz, which is basically the world's most important oil highway. We're talking about 13 million barrels of crude flowing through there daily – that's roughly 20-30% of global supply. It's like someone threatening to block the Holland Tunnel durin...

So here's a fun Thursday story: while the rest of the stock market was basically having an existential crisis, Dollar General decided to be the main character and jumped 5%. Because apparently, someone didn't get the memo about having a terrible day. Here's what happened: Dollar General dropped their Q4 earnings, and it was... well, let's call it "complicated." Like that friend who says they're "fine" but clearly has some stuff going on. The Good News (Revenue Was Actually Decent) Revenue hit $10.3 billion, up 4.5% from last year and slightly better than what the Wall Street crystal ball ga...

So here's the deal: Big Tech is about to drop $700 billion this year on AI infrastructure. That's roughly $2 billion per day flowing into data centers, GPUs, and enough cooling systems to make Antarctica jealous. Wall Street is having a collective panic attack, wondering if this is the biggest money bonfire since pets.com. But here's the thing – when you actually crunch the numbers (and I mean really crunch them, not just panic-tweet), this spending spree might be the smartest move in corporate history. The Three Ways AI Makes Money Consumer subscriptions: Think ChatGPT Plus at $20/month. W...

Remember when AI was going to make us all rich? Yeah, well, Wall Street got the memo that maybe robots taking everyone's jobs isn't actually bullish for the economy. Who could have seen that coming? The tech sector is currently having what can only be described as an existential crisis. Software stocks are getting absolutely demolished after some fancy AI updates from Anthropic made everyone realize that, hey, maybe this whole "AI will replace knowledge workers" thing is actually happening. Even Nvidia's stellar earnings couldn't calm the nerves – when the golden child of AI can't rally the t...

In a move one government contracts attorney called "the contractual equivalent of nuclear war," President Trump on Friday ordered every federal agency to stop using Anthropic's AI technology — and the Pentagon declared the company a supply-chain risk to national security. It's the kind of designation previously reserved for Chinese tech giant Huawei. The backstory: Anthropic, maker of the Claude AI system and arguably the most technically advanced AI lab in America, signed a $200 million Pentagon contract last July. The company had just one condition — don't use our models for fully autonomou...

While everyone obsesses over Nvidia's latest earnings and the AI selloff carnage, Amgen has been on a tear that would make most tech stocks jealous. The biotech giant is up 17% year-to-date, outperforming the Dow's measly 2.3% return by a factor of seven. And the best part? The story is just getting started. Amgen's Q4 earnings in early February set the tone. Revenue came in at $9.9 billion with adjusted EPS of $5.29 — both beating estimates. Management guided 2026 revenue to $37 billion to $38.4 billion, slightly ahead of Wall Street expectations. Adjusted EPS guidance of $21.60 to $23.00 te...

Stanley Druckenmiller — the man who ran 30% annualized returns for three decades without a single losing year — just told the world he's moved on from AI stocks. And what he's buying instead should make every trader pay attention. In a new Morgan Stanley "Hard Lessons" podcast interview published Friday, the Duquesne Family Office chief laid out a portfolio that looks nothing like the AI-mania trades that dominated 2024 and 2025. His current playbook: long copper, long gold, short the U.S. dollar, short Treasury bonds, and a deep dive into biotech. AI, he said, is "no longer playing a starrin...

A company once worth $360 billion is now sitting at a $41 billion market cap, down 83% from its 2021 all-time high. And suddenly, everyone wants a piece of PayPal. Shares surged 10% last week after Bloomberg reported that PayPal had engaged a top-tier investment bank to evaluate preliminary takeover inquiries from both a "large rival" and several private equity consortiums. The spike briefly triggered a volatility halt. For battered shareholders who have watched the stock bleed for five straight years, it was the first sign of life in a long time. The timing is not accidental. PayPal just po...