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TLDR The Senate is set to vote on the Clarity Act, a key crypto regulation bill, on Tuesday afternoon Bitcoin dropped 1.6% to $76,890 ahead of the vote, while Ethereum and XRP also declined Odds of the Clarity Act passing this year fell to 19% on Tuesday from 31% on Monday, per Polymarket Cathie Wood’s…

Key Points Second-quarter operating earnings rose 16% year over year even as Berkshire’s insurance results softened. The company bought about $39 billion of stocks and sold about $28 billion in the first half of 2026, its first stretch as a net buyer in years. Berkshire repurchased about $4.5 billion of its own shares in the…

Bank of America(NYSE:BAC), the global banking and financial services provider, closed at $59.47, down 5.14%. CEO Brian Moynihan told investors to expect a pullback in investment banking fees and trading performance in the third quarter, which weighed on the stock. Investors will also be watching the next earnings report for loan growth, credit quality, and…

Gold remained under pressure at around $4,290 an ounce as rising oil supply disruptions fueled expectations for a Federal Reserve rate increase. Advertisement Traders were pricing in a 92% probability of a hike at the central bank’s meeting this week, after bullion dropped more than 1% in the previous session to its lowest level in…

Quick Read State unemployment benefits don’t count toward Social Security’s earnings test, but lump-sum SUB payments do, making payment structure critical for laid-off retirees. Workers under full retirement age can earn $24,480 in 2026 before Social Security withholds $1 for every $2 over the limit. Payments that escape the Social Security earnings test can still…

The Federal Reserve just reversed course. After spending the better part of two years easing monetary policy, the central bank raised the federal funds rate by 25 basis points to a target range of 3.75%-4.00% on September 16, 2026. It’s the first hike since July 2023, and if Fed leadership’s tone is any guide, it…

Cathie Wood praised the AI industry for talking openly about its own risks and dismissed the specific risk it has been talking about, in the same set of remarks to reporters in Sydney. The ARK Invest founder said she was “happy that the leaders of the industry are advertising the risks associated with this new…

This article first appeared on GuruFocus. Cathie Wood’s Ark Invest made a sharp rotation across technology and biotechnology stocks last week, buying roughly $28 million of Meta Platforms (NASDAQ:META) while selling a nearly identical dollar amount of Alphabet (NASDAQ:GOOGL). The moves suggest Ark is becoming more selective inside artificial intelligence even as it increases exposure…

TLDR Chip stocks like Intel, Micron, and AMD fell around 5% after AI leaders called for slower development Anthropic CEO Dario Amodei published a blog post urging a slowdown in AI development over safety concerns OpenAI’s Sam Altman said the company’s IPO will not happen this year due to safety risks Software stocks rallied, with…

Let us read it for you. Listen now. Your browser does not support the audio element. Are Social Security benefits too generous? Some fiscal hawks and classic conservatives say the answer is yes, and see the upcoming depletion of the trust fund as an opportunity to rein them in. Social Security was meant to be…