Good evening, this is Markets Desk with your closing brief.
Berkshire Hathaway delivered a standout quarter, with second quarter net earnings more than doubling to twenty-five point six billion dollars, compared to twelve point three billion a year ago. More significantly, new chief Greg Abel ended a three-year selling streak, deploying a net twenty billion dollars into equities — a clear signal that Berkshire sees value where it previously saw caution.
Turning to the technology sector, the AI security conversation is reaching a critical point. Hacking incidents involving Anthropic, Meta, and OpenAI have converged around Black Hat in Las Vegas, exposing serious vulnerabilities in AI agent systems. The deeper concern raised by analysts is that many firms don't yet know they've been compromised, and there is currently no independent institution capable of holding these labs accountable when they choose silence over disclosure.
And on the labor side, the AI buildout is reshaping who gets hired and at what wage. New data from Indeed shows electricians, engineers, and maintenance workers supporting data center construction among the fastest-growing tech roles. The infrastructure layer of the AI boom is generating tangible, well-paying physical jobs even as economists debate the longer-term displacement picture.
That's the tape. Markets Desk, signing off the floor.
