As Warren Buffett gets closer to stepping down as CEO at the end of next month, he told shareholders he will be “going quiet,” but only “sort of.”More on his Thanksgiving letter, which looks like it could become a substantial annual tradition, below.First:A surprising stakeThere was a notable surprise in Berkshire Hathaway’s end-of-Q3 equity portfolio snapshot, released after Friday’s closing bell.Someone in Omaha purchased more than 17.8 million Class A shares of Google’s parent, Alphabet.They are currently valued at $4.9 billion, making them the biggest Q3 addition in dollar terms.The news sent the stock 3.5% higher in after-hours trading.Zoom In IconArrows pointing…
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President Donald Trump has publicly called it quits with one of his most stalwart MAGA-world supporters, calling Georgia Rep. Marjorie Taylor Greene “‘Wacky’ Marjorie” and saying he would endorse a challenger against her in next year’s midterms “if the right person runs.”The dismissal of Greene — once the epitome of “Make America Great Again,” sporting the signature red cap for President Joe Biden’s 2024 State of the Union address and acting as a go-between for Trump and other Capitol Hill Republicans — appeared to be the final break in a dispute simmering for months, as Greene has seemingly moderated her…
Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 13, 2025 in New York City. Spencer Platt | Getty Images U.S. markets had their worst day since Oct. 10. That marks a sharp reversal for the Dow Jones Industrial Average, which shed 1.65% to settle at 47,457.22, a day after it closed above 48,000 for the first time. Meanwhile, the S&P 500 lost 1.66% and the Nasdaq Composite tumbled 2.29%.The slump in stocks can partly be traced to a turnaround in sentiment regarding artificial intelligence. Tech behemoths such as Nvidia, Broadcom and Oracle slumped, with…
Key PointsAlibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm.Kuo Zhang, president of Alibaba.com told CNBC the company would work with JPMorgan, which has its own tokenization technology.The cross-border e-commerce unit also launched new AI features to help connect suppliers and buyers on its global platform.Alibaba ‘s cross-border e-commerce unit on Friday announced a new artificial intelligence subscription service aimed at boosting the division’s revenue. Kuo Zhang, president of Alibaba.com, told CNBC the division is also looking to use stablecoin-like technology to facilitate global payments, in a move that underscores how major tech and banking…
Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on Oct. 29, 2025 in Washington, DC. Alex Wong | Getty ImagesFederal Reserve Chair Jerome Powell wasn’t kidding a couple weeks ago when he said a December rate cut wasn’t in the bag.Recent remarks from Powell’s colleagues point to plenty of apprehension over whether the central bank should deliver its third consecutive easing of policy when it meets Dec. 9-10.As a result, markets have recalibrated their expectations. Whereas traders as recently as a few days ago were…
David Tepper’s Appaloosa bought into several old-economy, industrial and financial stocks in the third quarter and shook up his technology exposure, regulatory fillings show. Tepper opened stakes in a host of regional banks and increased his positions in stocks such as Goodyear Tire & Rubber and Whirlpool , regulatory fillings show. At the same time, he reduced his holdings in several megacap tech stocks and zeroed out positions in Oracle and Intel . The Carolina Panthers football team owner widened his stakes in Goodyear and Whirlpool by about 500% and 2,000%, respectively. Whirlpool went to a 5.5-million share holding 266,000…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on what Anthropic calls the first documented AI-orchestrated cyberattack — and why it’s sending shockwaves through the cybersecurity sector.01:38Thu, Nov 13 20256:31 PM EST Source link
Many baby boomers aren’t on track to retire with enough money. They have some options to adjust their trajectory, researchers said, but these come with trade-offs.Just 40% of workers who are age 61 to 65 — the youngest members of the boomer cohort — are financially on track for retirement, according to recent research from Vanguard, an asset manager and retirement plan administrator. That group will have enough income to fund their current lifestyle into retirement, researchers estimate.The rest are expected to fall short. The typical — or, median — 61- to 65-year-old will have a $9,000 annual deficit in…
The logo of the BBC is displayed above the entrance of Broadcasting House on November 12, 2025 in London, England. Leon Neal | Getty Images News | Getty ImagesU.S. President Donald Trump said on Friday he would likely sue the BBC next week for as much as $5 billion after the British broadcaster admitted it wrongly edited a video of a speech he gave but insisted there was no legal basis for his claim. The British Broadcasting Corporation has been plunged into its biggest crisis in decades after two senior leaders resigned following accusations of bias, including over the editing…
Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 13, 2025 in New York City. Spencer Platt | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Red (The stock market’s version)Yesterday was a rough day for the stock market. The three major indexes all notched their biggest one-day losses in more than a month as the artificial intelligence trade once again sputtered. Economic policy concerns also overshadowed investors’ excitement around the federal government reopening.Here’s the breakdown:The…
