Good morning. The U.S. celebrates Veteran’s Day today, and we are sending a heartfelt thank you to everyone who has served. Speaking of gratitude, Warren Buffett dropped his ‘farewell’ letter to Berkshire Hathaway shareholders yesterday and offered a master class in introspection, recognizing his own good luck, and passing on sage advice. I’d highly recommend…
Good morning. Pope Leo XIV doesn’t like Elon Musk’s trillion-dollar pay package at Tesla. Nor does Norway’s sovereign wealth fund, which owns just over 1% of Tesla shares and plans to vote against the proposal that will be decided today. Still, odds are high that the world’s richest man will get his way as shareholders…
Good morning. After the bell today, Nvidia will report earnings. And in the tech world and beyond, one thing is clear: Nvidia’s earnings aren’t just about Nvidia anymore. The $4 trillion chipmaker’s quarterly financials have become a litmus test for the AI boom—and, by extension, for the whole stock market. Constituting 8% of the market…
Good morning. Fortune’s 2025 ranking of the world’s 100 most powerful people in business came out this morning. Unlike revenue or market cap, power is a more complex concept. We calculate not just the size of the person’s businesses, but also the health of their companies, as well as their innovation, influence, impact and where…