Kim Kahn

Under its long-standing policy, the company repurchases shares only when it believes the price is below intrinsic value, conservatively determined.

CEO Greg Abel was also buying.

He paid $15.3 million in recent transactions and told CNBC he plans to keep using his after-tax salary to buy Berkshire stock.

And in the Wall Street Research Corner, Society General Strategist Albert Edwards, one of Wall Street's most notorious bears, isn't waiting for the AI apocalypse.

He argues the macroeconomic disaster many see coming in 2028 is already unfolding in real time.

Since ChatGPT's launch in November 2022, AI has been the rocket fuel propelling the S&P higher.

But Edwards says the story is starting to break down.

The adverse effects on jobs, he argues, are already visible, and consumption is heading for a brick wall as a result.

He points to a troubling disconnect.

Consumer spending growth near 3% is no longer supported by real personal disposable income, which has been flat for six months.

The U.S.

consumer, he says, is running on fumes.

Hello, today is Sunday, March 1st, and I'm your host, Kim Kahn.

The U.S.

and Israel launched strikes against Iran on Saturday.

killing Supreme Leader Ayatollah Ali Khamenei and other leadership figures.

Iran's Revolutionary Guard said Sunday the most intense offensive operation ever is coming to target Israel and U.S.

Mideast bases.

President Donald Trump responded with a warning of overwhelming retaliation if Iran strikes U.S.

forces, but also told The Atlantic that he would be talking to Iran's new leadership.