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Finance
Berkshire sells entire stakes in Visa, Mastercard; not due to performance
Berkshire Hathaway has sold its entire stakes in Visa and Mastercard, prompting market focus on whether the move signals a broader portfolio reshuffle. A quarterly report showed Berkshire also fully exited some holdings such as Amazon. The sales are being read as the first major rebalancing under Greg Abel, who is effectively leading portfolio management, and may reflect a move away from positions linked to Todd Combs. Visa’s recent business indicators were described as solid.
AI & Enterprise
US big tech turns back to gas power to run AI data centres
U.S. big tech companies are moving to build natural gas power plants to secure electricity for AI data centres, heightening tension across the energy market. TechCrunch reported Microsoft, Google and Meta have entered competition for fuel and equipment, with potential spillover into power prices and industry. The rush is also creating bottlenecks such as scarce gas turbines and higher costs. Analysts warn demand could shift strain to gas supply networks and sharpen conflicts over energy allocation.
Finance
Wall Street falls for second day on Iran fears, tech slide
Wall Street\'s three main indexes closed lower for a second straight session as concerns that the United States could intervene militarily in Iran weighed on sentiment and the Supreme Court did not deliver a ruling on the legality of tariffs. Losses narrowed late in the day after President Donald Trump suggested he might not strike Iran. Technology shares led declines, while energy stocks outperformed.