AI Adoption Spreads Beyond Tech as Finance, Manufacturing Businesses Race to Catch Up
U.S. businesses expanded paid AI adoption to record levels in 2026, led by technology, finance and manufacturing firms.
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U.S. businesses expanded paid AI adoption to record levels in 2026, led by technology, finance and manufacturing firms.
Read original at benzingaGreg Abel, who took over as Berkshire Hathaway's CEO on December 31, maintains Warren Buffett's investment philosophy of concentrating assets in best ideas. As of August 28, 63% ($226 billion) of Berkshire's $360 billion portfolio is concentrated in five stocks. Tech stocks now comprise over 30% of the portfolio, driven by significant positions in Apple and Alphabet. Abel has tripled Berkshire's Alphabet position and added $17 billion in Q2. Meanwhile, Berkshire has been reducing its Bank of America stake for eight consecutive quarters due to valuation concerns.
Read original at the-motley-foolBerkshire Hathaway shifted to net stock buying in Q2 2026 under CEO Greg Abel, purchasing $39.4 billion in equities during the first half of the year compared to $7.1 billion a year earlier. The company's most notable addition was Alphabet, making it the third-largest portfolio position. Despite a frothy market with elevated valuations, Abel is playing offense while managing $365.5 billion in cash and Treasuries awaiting deployment.
Read original at the-motley-foolA consortium of 21 major global banks including Citigroup, Bank of America, Goldman Sachs, and Wells Fargo plans to launch a U.S. dollar-denominated stablecoin in the first half of 2027, enabled by the new GENIUS Act regulatory framework. While this represents a long-term strategic opportunity for the participating banks, it poses a competitive threat to Circle Internet Group's USDC stablecoin, which currently dominates the market with $73.3B in circulation.
Read original at zacks-investment-researchBill Ackman backed Mark Cuban's drug pricing model. Here's which healthcare stocks could benefit—and which face pressure.
Read original at benzinga