Berkshire Hathaway’s third-quarter earnings report on Saturday revealed Warren Buffett continued to sell more stocks than he bought with the legendary investor poised to step down as CEO by year’s end. The conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion, marking the 12th consecutive quarter of net selling. More…
Jeff Bezos joined Sam Altman in admitting the existence of an AI bubble—but Amazon’s founder sees upside. Recently, many AI-related companies have seen voracious optimism and spikes in valuations. In August, the OpenAI CEO told reporters the AI market was in a bubble. When bubbles happen, “smart people get overexcited about a kernel of truth,” Altman…
Stock futures are slightly drifting after a four-day dip in the S&P 500, as investors await cues from the Jackson Hole symposium for signals on a potential September rate cut. Simultaneously, momentum has cooled in tech stocks following a sharp recent selloff. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced…