The article says AI agents are moving beyond chatbots to perform tasks such as reading earnings transcripts, building financial models, and completing compliance reviews. It cites Anthropic’s launch of 10 finance-focused agents and says major banks and others (JPMorgan, Goldman Sachs, Citigroup, AIG, Visa) are deploying them. It adds that data/software providers including FactSet, Thomson Reuters, S&P Global, Moody’s, and Morningstar saw share pressure.
Berkshire Hathaway's latest 13F filing reveals significant changes in its equity portfolio for the first quarter, with sales outweighing purchases. Under the new CEO, Greg Abel, the company has begun streamlining its stock holdings, divesting from several positions previously attributed to Todd Combs and Ted Weschler. Key sales include Chevron, Visa, and MasterCard, while major purchases were made in Alphabet Class A and C, and Delta Air Lines.
Hagens Berman has announced an 8-day deadline for investors of Coty Inc. (COTY) to join a securities class action lawsuit. The lawsuit alleges that Coty concealed deteriorating trends in its Consumer Beauty and Prestige segments between November 5, 2025, and February 4, 2026. This follows a significant drop in Coty's share price after its Q2 2026 earnings report revealed operational issues and the abrupt departure of CEO Sue Y. Nabi.
