Maybe you thought Berkshire Hathaway was out? Not yet

Wednesday, August 20, 2025

Halfway through the week, we thought we'd be spending more time talking about the Federal Reserve's convention in Jackson Hole for its annual symposium, where Chairman Jerome Powell is expected to give the keynote speech on bank policy this year.

Instead, we're talking about a descent in stocks. Today, the Nasdaq (-1%), Russell 2000 (-0.66%), and S&P 500 (-0.47%) are down. The Dow is flat. And in case you're just joining us, today has turned out to be more of a rerun than new episode, with megacap tech (AI plays, too) going through it.

Wednesday Reading

• Google's Pixel 10 Pro could be fantastic value, commercial success
• Secretive hedge fund takes profit on IT highflyer, takes stake in another 
• Jean Chatzky raises red flag on Social Security, retirement savings
• Hertz rival shuts down, leaving customers stuck and angry
• Mom-created clothing brand files Chapter 7 bankruptcy
• Target has a problem (it's coming from inside the building)

What do we mean? Well, Palantir (-4% today) has fallen nearly 18% week-over-week. Chipmakers like AMD (-2.1%), Broadcom (-1.75%) and Nvidia (-1.67%) have faced steeper declines today but are now well off their session lows.

And how could we forget the rest of the megacap crew? Tesla (-3.1%), Apple (-1.67%), Meta (-1.5%), Alphabet (-1.46%) and Microsoft (-0.85%) also faced declines.

Things happen, though. We'll see how stocks are feeling come next week, after Jay Powell contributes his two cents.

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-- Noah Weidner, markets reporter

Maybe you thought Berkshire Hathaway was out? Not yet

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