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CEO Greg Abel Starts Making His Mark at Berkshire

Berkshire Hathaway stepped up spending under CEO Greg Abel, repurchasing about $4.5 billion of its shares while deploying billions more into investments. Bloomberg Intelligence and Senior P&C Insurance Equity Analyst Matthew Palazola is on Bloomberg This Weekend explaining to hosts David Gura and Christina Ruffini that Abel appears more focused on operations and putting Berkshire's enormous cash reserves to work, marking an early shift from Warren Buffett's final years at the helm.

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Bloomberg
Financial

Weak Jobs Data Masked by Falling Unemployment

The US unexpectedly lost 23,000 jobs in July while unemployment fell to 4.1%, a decline driven by fewer people participating in the labor force rather than stronger employment. Bloomberg News Economics Chief US Economist Anna Wong joins Bloomberg This Weekend and explains to hosts David Gura and Christina Ruffini that the weak payrolls and persistent downward revisions point to a softer labor market and could reduce pressure on the Fed to raise rates in September.

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Bloomberg
Financial

Senate Confirms Former Trump Defense Lawyer as AG

The Senate confirmed Todd Blanche as Attorney General despite initial opposition from multiple senators concerned about Blanche's ties to President Trump. A deal was struck in the early hours to secure enough votes with key holdouts such as Senator Bill Cassidy changing his position. Bloomberg News Washington Deputy Bureau Chief Laura Davison joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the tense and closely watched process.

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Grafa
Insights

Banks and miners bring the heat as the ASX breaks its all-time high score

  • The S&P/ASX 200 index climbed to a record peak of 9,213 points as global geopolitical tensions eased.
  • Financial sector shares rose 5.84% and energy stocks gained nearly 10% in July, supported by heavyweights Commonwealth Bank of Australia and BHP Group.
  • Market participants now focus on upcoming corporate earnings reports alongside shifting global commodity prices to determine sector valuation stability.
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Grafa
Insights

Aussie household spending rebounds as transport demand surges 3%

  • Australian Bureau of Statistics data showed Australian household spending increased 0.8% in June 2026, driven by a 3.0% surge in transport spending led by new vehicle sales and air travel recovery.
  • Listed consumer and transport peers reported resilient underlying revenue, with auto dealer Eagers Automotive generating $13 billion in annual revenue and refiner Ampol recording $1.6 billion in first-half EBITDA.
  • Rising living costs and changing interest rate expectations remain primary headwinds for sustained consumer discretionary momentum across transport and retail equities.
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Grafa
Insights

Beyond the Newsstand: How Media Heavyweights Are Minting Digital Millions

  • Media conglomerate News Corp reported an 11% increase in fourth-quarter fiscal 2026 revenue to US$2.34 billion, lifted by digital real estate, publishing, and premium information divisions.
  • High-margin digital real estate and recurring subscription streams generated expanding free cash flow across publishers, supporting multi-million-dollar share buybacks and dividend payouts.
  • Softening legacy print advertising, fluctuating real estate listing volumes, and ongoing content licensing negotiations present operational friction across media channels.
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Grafa
Insights

Why the end of Australia’s fuel relief is rewriting energy stock valuations

  • The Australian government confirmed the end of the temporary fuel excise discount, triggering a wholesale price increase of 16 cents per litre.
  • Major downstream energy operators manage capital allocation across integrated refining and retail supply chains while absorbing shifting tax obligations.
  • The sector faces ongoing working capital pressures tied to wholesale tax adjustments and broader international supply chain volatility.
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Bloomberg
Financial

Once Upon a Farm CEO on Outlook Boost, Consumer Demand

John Foraker, Co-Founder and CEO of Once Upon a Farm, discussed the company's strong 42% sales growth in the recent quarter and expressed confidence in sustaining this momentum due to resilient consumer demand across baby and kid food categories. The company has raised its guidance for the full year and anticipates continued growth. He speaks with Romaine Bostick on "The Close."

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