Business & Markets — August 10, 2026

Berkshire earnings rise as Abel deploys cash. Berkshire Hathaway's second-quarter earnings rose on energy, railroad, and manufacturing strength. New CEO Greg Abel bought $23.5 billion in equities from the company's nearly $400 billion cash pile.

According to CNBC, the cash reserve Abel is drawing on was amassed during Warren Buffett's tenure and had grown to nearly $400 billion before the leadership change. The stock purchases offer an early indication of how the conglomerate's approach to its capital may shift under its new chief executive, with the quarter's profit gains driven by operating businesses across several sectors.

CNBC Top News · Read more →

JPMorgan raises S&P 500 target to 8,000. JPMorgan lifted its year-end S&P 500 target from 7,800 to 8,000 — its second upgrade in two months — citing strong corporate earnings and returns on heavy AI investment.

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Unitree prices $904 million Shanghai IPO. Chinese robot maker Unitree priced its Shanghai IPO to raise roughly $904 million. China's humanoid robot makers are racing to public markets to challenge U.S. robotics ambitions.

Reuters · Read more →