Warren Buffett

Warren Buffett and Stephen Curry are reviving a charity lunch. US stock futures are rebounding. Rising gas prices to $4/gallon are impacting markets, with major indices facing significant monthly declines and oil futures soaring. The Fed signals no immediate rate hikes due to inflation concerns. Opendoor is acquiring Doma’s escrow business. Novo Nordisk launches subscription plans for Wegovy to counter competition. Airlines like JetBlue are increasing baggage fees due to fuel costs.

Google’s founders, Larry Page and Sergey Brin, openly acknowledged Warren Buffett as an inspiration in their IPO prospectus. Now, Berkshire Hathaway has revealed a $4.3 billion stake in Alphabet, Google’s parent company, marking a significant foray into technology beyond Apple. This investment, driven by Alphabet’s strength in AI and cloud computing, signals a potential shift in Berkshire’s strategy. Buffett previously regretted not investing in Google and Amazon sooner. Notably, Google’s founders mirrored Buffett’s long-term vision, evident in their dual-class stock structure.

Berkshire Hathaway Inc. (BRK.A; BRK.B) reported its Q2 and first-half 2025 results. Net earnings attributable to Berkshire shareholders were $12.37 billion for Q2 2025, compared to $30.35 billion in Q2 2024. First-half 2025 earnings were $16.97 billion, down from $43.05 billion in 2024. The results include investment gains/losses and, for the second quarter and first half of 2025, an other-than-temporary impairment of investment in Kraft Heinz. Further details are available in the company’s 10-Q filing.

Warren Buffett, 94, steps back from public investing as developer Virattt launches “AI Hedge Fund,” an open-source simulator channeling strategies from nine legendary investors, including Buffett’s value principles and Graham’s frameworks. Tests showed a 14% return from a simulated $1M AAPL short (April 30-May 5) but mixed accuracy across FAANG+Tesla stocks (80% for single strategies, 60% for hybrid models). While praised for educational transparency in exposing financial metrics, the platform warns against commercial use due to data costs, model inconsistencies, and risks of algorithmic overreliance. LLM-based committee hybrids face alignment challenges, echoing historical quant fund pitfalls.