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The week in U.S. Business and Markets
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Berkshire accelerated buybacks before shifting more cash into Alphabet, Delta and housing-related holdings. The purchases offered an early view of Greg Abel’s capital-allocation priorities while reducing the conglomerate’s excess liquidity.
AI infrastructure demand drove stronger revenue, forecasts and financing across Cisco, Supermicro, CoreWeave, Lumentum and AMD. Share reactions showed that investors now want reliable shipments, better margins and durable cash flow rather than demand signals alone.
Retail sales weakened as households compared prices and concentrated spending, with beef volumes beginning to fall under high prices. Strong Simon tenant sales and Cava demand showed that favored retailers and dining concepts could still gain even as Tapestry exposed uneven discretionary demand.
Higher mortgage rates weakened housing activity as first-time buyers lost ground, while UWM faced losses, legal scrutiny, a major Oaktree financing and questions about its derivatives strategy. The week moved mortgage risk from a market backdrop into a company-level liquidity and control problem.
SpaceX shares recovered toward their IPO price and rose through the first lockup expiry as buyers absorbed potential selling. Institutional interest and large disclosed holdings underscored the breadth of the private-market enthusiasm surrounding the company.
Tariff threats pushed Canadian firms to consider U.S. relocations and encouraged domestic supplier and drone investment, while companies began receiving refunds. The policy shift still carried higher component costs and prompted criticism that tariffs may not efficiently rebuild production.
Trump Media posted the same $238 million quarterly loss across successive reports on less than $2 million in revenue. Crypto volatility, legal costs and new Truth Social products left the company dependent on financing and investor enthusiasm while it pursued expansion.
Intel expanded its planned stock offering from $15 billion to $20 billion to fund manufacturing, packaging and AI investments. The larger raise improved financial capacity while making dilution and execution risk more immediate for shareholders.
Day’s Recap