Buffett Google bet 2 decades after billionaire inspired search IPO

Chip Somodevilla | Getty Images In Google’s IPO prospectus 21 years ago, founders Larry Page and Sergey Brin gave a flattering nod to Warren Buffett, suggesting in their letter to prospective investors that the billionaire investor was a big influence. They titled their founders’ letter, “‘An owner’s manual’ for Google’s shareholders,” and indicated that there…

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Fed Governor Waller backs December rate cut as support for weakening labor market

Christopher Waller, governor of the US Federal Reserve, speaks during the C. Peter McColough Series on International Economics at the Council on Foreign Relations in New York, US, on Thursday, Oct. 16, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Monday voiced support for another interest rate cut at…

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Peter Thiel’s hedge fund dumps Nvidia stake, cuts back Tesla position

Peter Thiel ‘s namesake fund exited Nvidia in the third quarter, the latest sign of caution around the high-flying artificial intelligence darling. Thiel Macro zeroed out its stake worth nearly $94 million during the three-month period, regulatory fillings show. It marked the fund’s biggest change by dollar value in the quarter, according to InsiderScore. Thiel’s…

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Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it

Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, in 2023. David A. Grogan | CNBC Alphabet shares jumped Monday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the Google parent, marking one of the conglomerate’s most significant technology bets in years. Alphabet shares were up 5% in morning…

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Alibaba is helping Chinese military target the U.S., White House memo claims: FT

BEIJING — Alibaba is helping the Chinese military to target the U.S., according to a White House memo, the Financial Times reported Friday. The memo alleged “Alibaba provides tech support for Chinese military ‘operations’ against targets in the U.S.,” according to the FT. The FT said it could not independently verify the claims, and did…

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