Berkshire Hathaway’s new chief executive says the company will keep buying more of one stock as long as it remains undervalued. In a new Squawk Box interview, Greg Abel, who succeeded Warren Buffett as Berkshire’s CEO, says he’s buying and will continue to buy shares of Berkshire Hathaway (BRK.B) while its price is below a certain metric. “As long as our intrinsic value exceeds the market value, again, conservatively determined, we’ll continue to repurchase. But the one thing we have never done is we don’t disclose the amount, the timing, or the computation. But we did feel this time it…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
OpenAI chief executive Sam Altman reportedly told employees that they can’t weigh in on how the US military wants to use the startup’s AI model. At an all-hands meeting on Tuesday, Altman told OpenAI staffers that while the Defense Department will listen to advice on the use of AI, the agency explicitly told the firm that it has no say on military operations, Bloomberg reports. According to a person close to the matter, Altman said, “You do not get to make operational decisions.” Last week, OpenAI swooped in to get the Department of War (DoW) contract out of the hands…
A new Harvard-led study spanning six years shows that AI is disrupting the labor market in a more nuanced way than popular narratives suggest. The Harvard Business Review says the study co-authored by Harvard Business School professor Suraj Srinivasan looked at a massive dataset of almost all US job vacancies from 2019 through March 2025. The researchers used ChatGPT to categorize more than 19,000 job tasks involved in over 900 occupations to assess their potential for automation using generative AI models. They found that jobs requiring structured and repetitive tasks decreased by 13% since the launch of ChatGPT in late…
A consumer financial services firm says that the majority of Americans have fallen prey to financial scams or fraud. In a new survey consisting of 1,007 US adults, Bankrate finds that 73% of Americans have experienced a financial scam or fraud at some point in their lives, up from 68% in the firm’s findings 12 months ago. Bankrate also says that 40% have been entangled in a type of fraud or scam over the last year, up from 34% in 2025. Bankrate analyst Sarah Foster says AI allows thieves to scale attacks, making everyone a potential target nowadays. “Fraudsters are…
The White House says seven major AI companies will now bear the cost of powering their expanding data center infrastructure. President Donald J. Trump unveils the “Ratepayer Protection Pledge,” an agreement with leading AI firms designed to protect Americans from electricity price hikes due to data center energy requirements. Under the pledge, Amazon, Google, Meta, Microsoft, OpenAI, Oracle and xAI agree to build, bring or purchase new power generation resources and cover the cost of electricity delivery infrastructure needed to support their data centers. The White House says the agreement ensures that “such expenses are not passed to American households.”…
The global investment firm Macquarie Capital believes that US Treasuries and the dollar will likely never regain their status as safe-haven assets. In a new CNBC interview, Macquarie Capital global strategist Viktor Shvets says investors are no longer flocking to US bonds and the dollar during a geopolitical crisis, following US attacks on Iran. According to Shvets, investors now see gold as the only safe-haven asset. “And in fact the only place money is looking for safety is gold. That I think will continue to perform. USD, I think it’s just a tactical [rally]. It’s nothing more than that. So…
Famed billionaire tech investor Vinod Khosla believes that the US economy will witness a massive transformation in the coming years as AI eventually performs the majority of human jobs. In a new interview with Fortune Magazine, Khosla says that in less than half a decade, AI will be able to do most jobs better than humans. “Starting in about 2030, four years away, 80% of all jobs will be capable of being done by an AI. So whether you’re a physician, whether you’re a radiologist, whether you’re an accountant, whether you’re a chip designer, whether you’re a salesperson, AI will…
Goldman Sachs chief executive David Solomon says one US market is being shielded by a strong economy, but that could change once the cycle reverses. In a new Bloomberg interview, Solomon says Goldman Sachs is keeping a close watch on the $1.8 trillion private credit market for signs of frothiness and aggression. According to Solomon, private credit has managed to grow in the last few years without a hitch, thanks to a growing US economy. “We’ve gone a long time without a credit cycle. We’ve gone a long time without a recession. I do think when you have these long-dated…
A popular macro strategist warns that AI could disrupt the debt-based US economy far deeper than many expect. In a new interview with Peter McCormack, macro guru Luke Gromen warns that AI productivity gains could trigger deflation, which he notes is fundamentally incompatible with America’s highly leveraged financial system. Gromen says if the value of everything goes down, including labor, Americans would not be able to pay off their debt, triggering severe stress in the system. “AI is going to be productivity and it’s not going to take all the jobs, and it’s just going to drive deflation way down.…
Moses Ventures founder Danny Moses says he’s keeping a close watch on the impact of artificial intelligence in the economy. In a new Bloomberg interview, the Big Short trader says strong earnings have lifted equities so far. But he notes that he’s starting to see an unsettling trend emerging in the labor market, which he believes could be the catalyst that starts a new market correction, or worse. “I think it’s employment, unemployment. So earnings have been strong enough, I think, to carry the market. I think we’ve had a broadening out within the market, which has been healthy in…