AmEx Sees Robust Q2 Growth from Wealthy Cardholders, Investors React Cautiously
AmEx raises 2026 revenue growth to 10% after 9% spending surge by affluent cardholders. EPS beats estimates, yet shares dip on unchanged profit guidance.
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American Express Expands Dining Network with $700 Million TheFork Acquisition
The deal expands Amex’s dining network to 75,000 venues across Europe and strengthens its presence in the region.
After 6-Year Exit, Berkshire Buys $2.6 Billion Stake in Delta
Berkshire bought a $2.6B stake in Delta again and also took a small new position in Macy’s while reshaping its portfolio in Q1 2026.
Amex Global Business Travel Sold to Long Lake
Long Lake is buying Amex GBT for $6.3B, boosting travel with AI. Shareholders get a big premium; brand stays unchanged.
The 2028 Intelligence Crisis: Why AI Success Could Be the Market’s Nightmare
A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
Berkshire Hathaway's Last Buffett Quarter: Trims Apple and BofA, Adds New York Times Stake
Berkshire Hathaway, under Warren Buffett's last quarter as CEO, sold big chunks of Bank of America and Apple shares while starting a new stake in The New York Times.