Author: Money Mechanics

With Buffett stepping down in 2025, Berkshire’s massive $344B war chest takes center stage. Amid record market valuations, investors are eyeing portfolio mainstays. Each stock offers a different angle—fair value, dividends, or technical setups. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. Warren Buffett, who has already become a legend of the financial markets in his lifetime, has announced that his adventure as Chairman of Berkshire Hathaway will end with 2025, with Canadian energy industry expert Greg Abel as his replacement. The new helmsman of the investment…

Aon, the global professional services, insurance and reinsurance broking firm, has announced that Anshuman Srivastava has been appointed to the role of Reinsurance global chief broking officer.Based in London, Srivastava has held a number of senior leadership roles at Aon, and has served on the firm’s Global ReSpecialty executive management committee. In addition, Srivastava has played a key role in helping to drive the firm’s Reinsurance Growth Leadership and Broking Strategies initiatives. Since August 2020, he has served as Deputy Head of Aon Capital Partners, the team that sits within Aon Reinsurance Solutions that focuses on connecting clients with alternative…

Rafael Henrique | Lightrocket | Getty ImagesAttorneys general from five states sued Zillow and Redfin on Wednesday, alleging the companies schemed to stop competition in the online housing rental market.The lawsuit follows a similar one filed by the Federal Trade Commission on Tuesday.Officials from New York, Arizona, Connecticut, Washington and Virginia jointly filed the lawsuit Wednesday, citing a February deal between the two companies in which Zillow “paid Redfin $100 million to shut down its apartment rental advertising business and transfer its clients to Zillow,” New York Attorney General Letitia James’ office said in a news release.”This agreement is nothing…

While AI coding startups like Cursor close brow-raising rounds on barely three years of existence, Replit’s path to a $3 billion valuation has been anything but swift. For CEO Amjad Masad, who’s been building tools to democratize programming since 2009, it’s a story of muscling through multiple failed business models, years stuck at the same revenue plateau, and a reckoning last year that forced him to cut half his staff. That makes what happened next more remarkable. Earlier this month, the Bay Area-based company closed a $250 million funding round led by Prysm Capital, nearly tripling its valuation from 2023.…

(BOE Report)– With the advice and technical support of three major pipeline companies, Alberta’s government, acting as proponent, will develop and submit a formal application for a project of national significance to the Federal Major Projects Office under the Building Canada Act. Indigenous communities in Alberta and British Columbia are being engaged from Day 1. Indigenous co-ownership, partnership and perspectives will be critical to every stage of project development and execution. The advisory group will undertake the early planning, technical assessment and application for an oil pipeline proposal to the northwest coast of British Columbia. When completed, the project will…

Key Takeaways Advanced Micro Devices is reportedly considering becoming an Intel Foundry customer, a move that would make it one of several companies following in the Trump administration’s footsteps by throwing the struggling chipmaker a lifeline. The White House has made domestic semiconductor manufacturing a priority as the U.S. seeks to edge out China in the global AI arms race. Some analysts are skeptical that Intel has the manufacturing capabilities required to secure the kind of foundry deal President Trump and Wall Street are hoping for. Intel (INTC) was down and out, and then the White House flipped a switch…

Key Takeaways The U.S. median home price now exceeds $400,000, but retirees can still find affordable locations where home values are under $150,000.Many of these towns offer not just low housing costs but also access to health care, entertainment, and travel hubs, making them practical retirement destinations. Lower home values mean retirees may be able to live mortgage-free if they sell a higher-value property. Locations were selected based on cost of living and access to travel, health care, and entertainment in partnership with Travel + Leisure. With the U.S. median home price now over $400,000, housing is a major concern for many…

AI investment surged to $252.3 billion in 2024, up 44.5% from the previous year, as companies rushed to capitalize on the technology’s promise. But this massive expansion is increasingly fueled by debt at a time when borrowing costs haven’t come down. Oracle (ORCL) alone needs to borrow an estimated $25 billion annually to fulfill its OpenAI contracts. CoreWeave (CRWV), Nebius (NBIS), and other AI infrastructure companies are taking on billions in creative financing deals. With the AI market expected to reach $1.81 trillion by 2030, the question is whether these debt-laden bets will pay off. As companies burn through cash…

Chris Zander.Courtesy of Evercore Wealth Management Firm: Evercore Wealth Management Name: Chris Zander Location: New York, NY Team Custodied Assets: $13.6 billion Background: Chris Zander grew up in New York City, where he captained Columbia University’s baseball team before graduating with a degree in political science. He joined U.S. Trust Company after school and spent the next 15 years there as a wealth advisor, later running the firm’s family office group while earning his MBA in finance from Fordham at night. In 2008, Zander and 10 colleagues broke away to co-found Evercore Wealth Management and Evercore Trust Company, in partnership…

Key Takeaways Crypto company shares are getting a boost from rising bitcoin prices and interim guidance that would exempt digital assets’ paper gains from getting taxed.Bitcoin treasury company Strategy said in a filing that it no longer expects to be subject to the 15% corporate alternative minimum tax it anticipated having to pay next year. Crypto’s numbers are going up. A boost from Washington is helping. A range of digital assets were rising Thursday. The price of bitcoin (BTCUSD), which has been flirting with record highs, was recently above $120,000. Shares of companies with large digital holdings, including Coinbase (COIN)…