An investment profile examines a decades-old Berkshire Hathaway portfolio position that continues to deliver reliable dividends and remains firmly held by CEO Greg Abel.
Celebrating his 96th birthday, Warren Buffett reflects on a transformative past year marked by stepping down as CEO, making significant investments in Alphabet, and substantially increasing his charitable giving.
Senator Warren publicly criticizes the former president, alleging he stands to financially benefit while his administration shapes cryptocurrency regulations.
Shark Tank star Kevin O'Leary continues to shop at Walmart for household essentials, emphasizing that maintaining frugality is crucial regardless of wealth, drawing parallels to Warren Buffett and IKEA founder Ingvar Kamprad.
Investment experts highlight a disciplined capital allocation strategy championed by Warren Buffett that historically generates superior long-term returns compared to active trading.
Former NFL player Ndamukong Suh shared insights on his 15-year mentorship under Warren Buffett, highlighting key principles of patience and talent selection that continue to guide his investment career.
A major credit card company has distributed a $576 million annual dividend payment to Warren Buffett's Berkshire Hathaway, continuing a long-standing financial relationship.
Warren Buffett comments on Peter Thiel's potential withdrawal from The Giving Pledge, attributing the move to ideological differences and broader tensions among wealthy philanthropists regarding modern social values.
The singer-songwriter opens up about processing the loss of his parents, crafting his new record 'Wild Child', and navigating sudden mainstream success.
Bruce Springsteen, Jon Stewart, Alex Warren, and Hasan Minhaj are set to perform at the 20th-anniversary Stand Up for Heroes event. The annual benefit show supports veterans.
Tesla CEO Elon Musk publicly stated he is not a fan of Warren Buffett’s approach to wealth accumulation, describing the billionaire investor’s method as “super boring” and questioning its appeal to younger generations.
A trusted follower of convicted sex offender Warren Jeffs, who was highlighted in a recent Netflix documentary, is awaiting sentencing following the rescue of underage girls from a trailer.
Greg Abel, CEO of Berkshire Hathaway, has invested $23.5 billion in nine stocks, showcasing his distinct deal-making approach compared to Warren Buffett. Abel is currently managing nearly $400 billion in cash for the company.
Warren Buffett has issued a concise 10-word warning to investors regarding the stock market, indicating his continued influence on investment decisions.
Warren Buffett's recent warning about the stock market is discussed, with an analysis of historical patterns suggesting potential future outcomes for Wall Street.
Warren Buffett's Berkshire Hathaway has reportedly made a significant $1.6 billion investment in a major bank, marking a notable move in the financial sector.
Alex Morris, author of 'Buffett and Munger Unscripted,' joined Barry Ritholtz on 'Masters in Business' to discuss his research into Warren Buffett and Charlie Munger's shareholder meetings and challenges in market interpretation.
Billionaire Jeff Bezos is reportedly backing Liverpool FC in a $7 billion deal, a move that brings to mind his past question to Warren Buffett about why few people copy his strategy. This investment marks a significant venture for Bezos into sports ownership.
Warren Buffett's Berkshire Hathaway receives a combined $1.449 billion annually from two major dividend-paying companies, with one 'Dividend King' contributing $848 million and a 'Dividend Aristocrat' adding $601 million each year.
Elon Musk's long-held desire for Warren Buffett to be a shareholder has been indirectly realized, as Berkshire Hathaway acquired an indirect investment in SpaceX, valued around $700 million, through its ownership of Alphabet shares.
Warren Buffett's Berkshire Hathaway has made investments in two homebuilding stocks, prompting speculation about a potential recovery in the housing market.
Untitled has announced the promotion of six individuals—Annie Schmidt, Ashley Josephson, Faisal Kanaan, Harry Lengsfield, Sam Warren, and Scott Metzger—to partner, marking the first new partner class since joining Initial Group.
Warren Buffett's successor, Greg Abel, reportedly authorized a stock buyback for Berkshire Hathaway that was 19 times larger than the previous quarter, with filings indicating it was his decision.
Greg Abel, Warren Buffett's successor, has reportedly made significant stock purchases in three companies, in addition to Alphabet, drawing attention from investors.
Senator Elizabeth Warren has slammed former President Trump's economic record, citing falling July jobs and slowing wage growth as evidence that families are struggling.
Amanda Warren and Evan Jonigkeit are set to topline 'Door,' an indie sci-fi horror film currently in production, also featuring Akira Jackson, River Blossom, and Johnny Sibilly.
Berkshire Hathaway is significantly investing in GOOG stock, though analysts question if this move will rectify Warren Buffett's historical investment missteps.
Warren Buffett's Berkshire Hathaway dramatically increased its Alphabet share count by 658% in the second quarter of 2026, adding $17 billion to its stake. This move signals a strong belief in the future direction of the tech giant's stock.
Senators Sanders and Warren are supporting a new bill aimed at addressing how student debt could significantly impact older Americans' Social Security benefits.
Members of Nick Cave & The Bad Seeds, including Warren Ellis, were seen enjoying The Cure's performance at the Way Out West festival, with Ellis expressing a desire to see them 'again and again and again'.
A dividend stock that Warren Buffett has supported for decades has reached an all-time high under the leadership of Greg Abel, showcasing its sustained performance and investor confidence.
The United States has rescinded a significant business ownership reporting rule for Americans. The decision has been praised by some as a victory for small businesses, while critics warn it could benefit cartels.
Chinese investors are questioning whether Berkshire Hathaway can maintain its status as a 'north star' for investment guidance in the absence of its long-time leader, Warren Buffett, whose shareholder meetings were pilgrimage sites for many.
Bill Jersey, a two-time Oscar-nominated documentarian known for films like 'A Time for Burning' and 'Super Chief: The Life and Legacy of Earl Warren,' has passed away at the age of 99.
Actress Jessica Alba is reportedly taking a relaxing summer break with her new partner Danny Ramirez and her family, following her difficult divorce from Cash Warren.
Greg Abel, Warren Buffett's designated successor at Berkshire Hathaway, is reportedly deploying the company's significant cash reserves into new investments. This move signals a shift in the conglomerate's investment strategy under future leadership.
Berkshire Hathaway ended a 14-quarter selling streak by purchasing $23.5 billion in stocks, including a $10 billion private investment in one company. Concurrently, Warren Buffett donated $6 billion of Berkshire stock to family foundations, notably excluding the Gates Foundation for the first time in two decades.
A recent analysis suggests that the current stock market exhibits warning signs similar to those observed before the dot-com bubble burst, echoing past concerns raised by investor Warren Buffett.
Greg Abel, Warren Buffett's successor, has ended Berkshire Hathaway's 14-quarter selling streak, marking a significant shift in the company's investment strategy. This move has prompted speculation among investors about a potential 'screaming buy signal.'
A daily quote from Warren Buffett advises, 'The most important thing to do if you find yourself in a hole is to stop digging,' offering a valuable business lesson.
Donald Trump's team is actively working to block a court order that would grant the BBC access to his financial records. This legal battle unfolds amidst ongoing scrutiny of his business dealings, including a crypto investment and a costly 'Truth API' subscription.
American actor and screenwriter W. Earl Brown, known for his role as Warren Jensen in the 1998 film 'There's Something About Mary', is featured in an article showcasing his current appearance in his 60s.
An article features a quote from Warren Buffett, advising individuals to seek jobs they would pursue even if financial necessity wasn't a factor, alongside other timeless career advice.
Donald Trump publicly criticized Jeanine Pirro and major oil companies, while also facing a lawsuit against Capital One over the closure of his accounts in 2021 due to alleged money-laundering concerns. These events unfold amidst broader political and economic discussions, including his stance on tariffs and upcoming meetings.
The 'Buffett Indicator,' a valuation metric favored by Warren Buffett, continues to flash red, prompting questions about its accuracy and the state of the market. This signal suggests that the stock market may be overvalued.
Berkshire Hathaway's investment in Alphabet has grown to over $30 billion, a significant holding that new CEO Greg Abel will manage. New analysis details three key reasons why Berkshire Hathaway maintains this substantial investment in the tech giant.
Warren Buffett's Berkshire Hathaway possesses a substantial $397 billion cash reserve, enough to acquire almost any S&P 500 company. The conglomerate is reportedly waiting for more favorable prices before making significant investments.
Warren Buffett's long-standing investment in the oil sector is reportedly yielding significant returns under the leadership of Greg Abel, though this success has largely gone unnoticed.
TEHRAN — US Democratic Senator Elizabeth Warren has delivered a scathing critique of President Donald Trump, labeling him "the most corrupt president ever in American history" and accusing major…
Marking his 96th birthday shortly after stepping down as Berkshire Hathaway CEO, the investment legend reflects on core principles like patience, discipline, and staying within his circle of competence.
Investors note the contrast between Warren Buffett's continued active leadership at age 96 and the lackluster performance of Berkshire Hathaway's shares.
Billboard curates the week's most anticipated album and single drops across pop, R&B, and hip-hop genres, now inviting readers to vote for their favorite among new projects from artists like Olivia Rodrigo, Jennie, Rod Wave, and others.
A retrospective analysis confirms that the Berkshire Hathaway chairman’s decades-old advice on value investing and risk management continues to yield superior long-term results.
Legendary investor Warren Buffett emphasizes a time-tested portfolio strategy designed to protect capital and ensure long-term stability during severe equity market downturns.
Warren Buffett's conglomerate is making strategic moves to capitalize on an anticipated upturn in the residential real estate sector, guided by incoming CEO Greg Abel's vision.
Reports indicate that Berkshire Hathaway CEO Warren Buffett remains actively involved in daily investment decisions, contradicting speculation that he is stepping back from hands-on portfolio management.
The Berkshire Hathaway chairman outlined his strategy for passing down income-generating investments to his grandchildren, predicting sustained financial growth for decades.
Warren Buffett's conglomerate bypassed open markets to acquire a massive block of Alphabet shares directly from the tech giant, signaling strong institutional confidence in the company's long-term value.
Warren Buffett's conglomerate significantly increased its position in a major artificial intelligence infrastructure provider, elevating it to one of its three largest investments.
Warren Buffett's quote, "What the wise do in the beginning, fools do in the end," offers a timeless lesson on the importance of patience, timing, and avoiding speculative market trends in investing.
As concerns grow about a potential AI bubble burst, Warren Buffett's 1999 warning to investors about speculative markets is being highlighted as more relevant than ever.
An iconic banking institution has paid Warren Buffett's Berkshire Hathaway $619 million in annual dividends, following a recent increase in its payout.
An opinion piece criticizes the Canadian and B.C. governments for claiming Indigenous cultural burning is distinct from Western science, arguing it is a basic principle of fire management and should not be framed as a reconciliation morality play.
Greg Abel, Warren Buffett's hand-picked successor, has 72% of Berkshire Hathaway's portfolio invested in just five stocks, with one top pick highlighted for August.
An article reflects on the lives of billionaire investor Warren Buffett and Tony Elumelu, discussing the purpose of wealth and what it makes possible for others, as inspired by Buffett's letter to shareholders.
Franka Batelić has recorded the Croatian version of Diana Warren's song 'Somewhere We All Belong,' titled 'Gdje ljubav čeka nas,' for the animated film 'Crystal Planet,' set to premiere on August 27.
Greg Abel, Warren Buffett's successor, significantly adjusted Berkshire Hathaway's portfolio by cutting $1.7 billion from its Bank of America stake and adding $1.6 billion to Delta Air Lines. This move reflects a strategic shift in the conglomerate's investments.
This article explores the complex relationship financial advisors have with Warren Buffett, often characterized by both admiration for his success and occasional disagreement with his strategies.
Grammy-winning songwriter Diane Warren has adopted the baby pig that went viral after being found wandering the streets of Los Angeles. The pig, which captured public attention, has now found a new home with the celebrity.
The viral story of a piglet running loose in West Hollywood has found a happy ending, as songwriter Diane Warren announced she has adopted the animal, naming him Wilbur.
Warren Buffett has delivered a concise, ten-word warning to investors regarding the stock market, with historical data suggesting its potential accuracy.
Berkshire Hathaway, led by Warren Buffett, significantly increased its stake in a blue-chip housing stock by nearly 30% during the second quarter of 2026.
Reports indicate that Elon Musk now has Warren Buffett as a shareholder, albeit indirectly, marking a notable connection between the two prominent business figures.
Greg Abel, Warren Buffett's successor, has sold over 50% of Berkshire Hathaway's stake in Nucor and invested in an artificial intelligence (AI) stock that billionaire investor Bill Ackman recently exited.
Greg Abel, Warren Buffett's designated successor, has reportedly allocated 34.7% of Berkshire Hathaway's portfolio to two specific Artificial Intelligence (AI) stocks.
The Bill & Melinda Gates Foundation reduced its holdings in Warren Buffett's Berkshire Hathaway by $800 million in the second quarter, reallocating the funds to other investments.
Greg Abel has made a significant $17 billion investment in a single stock, while some analysts suggest that both he and Warren Buffett are overlooking other highly suitable investment opportunities.
Billionaire investors Stanley Druckenmiller, Seth Klarman, and David Tepper are reportedly increasing their investments in Alphabet stock. Warren Buffett's Berkshire Hathaway is also noted to be buying shares in the company.
Billionaires Warren Buffett and Dan Loeb are reportedly taking opposing positions on a single stock, with Buffett's Berkshire Hathaway selling shares while Loeb's firm loads up.
A self-made billionaire's journey is highlighted, detailing how they acquired a nearly bankrupt company from Warren Buffett for $1,000 and transformed it into an $85 billion enterprise.
Warren Buffett, the 'Oracle of Omaha,' has recommended five books to help individuals sharpen their investing mindset. These books cover topics from building businesses and creating long-term wealth to making better financial decisions.
Warren Buffett has identified three specific stocks as his favorites, citing particular reasons for his preference, with new details emerging from TheStreet.
Billionaire investor Bill Ackman's journey to financial success reportedly began with a $14,000 investment and inspiration from a book linked to Warren Buffett.
Elizabeth Warren's past claims of Native American ancestry are facing renewed criticism after Minnesota's Democratic Senate nominee highlighted that no Native woman has served in the U.S. Senate.
White House press secretary Karoline Leavitt announced her resignation, stating she will leave her position at the end of the month to spend more time with her family. Trump confirmed her departure, noting she will transition to an advisory role.
Greg Abel, Warren Buffett's successor, has spent $23.5 billion on stocks, marking the first time in over three years that Berkshire Hathaway has been a net buyer.
Warren Buffett has consistently emphasized a particular principle regarding long-term investing, a strategy that history has repeatedly validated without exception.
Greg Abel, who is slated to succeed Warren Buffett at Berkshire Hathaway, has reportedly invested $4.5 billion in a stock favored by Buffett, though not Alphabet.
Warren Buffett's investment firm, Berkshire Hathaway, has bought more shares than it sold for the first time in years under its new CEO, Greg Abel. This marks a significant shift in the company's investment strategy.
Berkshire Hathaway's cash reserves decreased in the second quarter as the company increased stock buybacks and made new investments. Operating earnings for the quarter rose by 16% year-over-year, indicating active capital deployment.
Berkshire Hathaway has made a substantial $6.8 billion investment in homebuilder Taylor Morrison, marking its first major deal in over three years. This move is notable as it represents Greg Abel's first significant acquisition as Berkshire CEO, with Warren Buffett commending his execution.
Greg Abel, Warren Buffett's designated successor at Berkshire Hathaway, has invested 63% of the company's substantial $355 billion portfolio into just five standout stocks, according to a recent report.
A body language expert was brought in by TMZ to analyze Warren Hudson's recent interview, seeking to uncover truths surrounding the mysterious death of Nolan Wells.
Warren Buffett has shared a lesson for investors interested in artificial intelligence. His advice emphasizes the importance of not ignoring historical patterns and insights when evaluating new technologies.
Following the implosion of Leopold Aschenbrenner's $45 billion AI fund, close followers of Warren Buffett suggest that Aschenbrenner could learn valuable lessons from the veteran investor.
Netflix is set to release its first female 'Monster' series, 'The Story of Lizzie Borden,' with the lead role entrusted to Ella Beatty, daughter of Annette Bening and Warren Beatty.
An analysis of Warren Buffett's wealth-building strategy points to a particular Exchange Traded Fund (ETF) as a recommended option for long-term investors seeking similar investment approaches.
The family of Warren Hudson, a friend of Nolan Wells, has reported receiving threatening and harassing phone calls after a GiveSendGo campaign was launched to support Wells' 'targeted friends'.
Warren Buffett has reportedly continued to highlight a particular Exchange Traded Fund (ETF), suggesting there are specific reasons behind his consistent recommendation.
A prediction suggests Greg Abel will maintain his Berkshire Hathaway stock holdings, which have seen Warren Buffett and Abel accrue nearly $8 billion in gains and $424 million in dividends this year from one of their long-held stocks.
Warren Ellis shared a personal story about a guitar he received as a gift from Glen Hansard, accompanied by a note that read, "If there's a song in it you'll find it."
Warren Buffett's substantial charitable donations to family foundations are drawing criticism, with experts questioning the tax advantages and the speed of fund distribution to charities.
Four major Dow Jones Industrial Average companies reportedly constitute 50% of Warren Buffett's Berkshire Hathaway investment portfolio, highlighting his concentrated holdings in established giants.
Following the apparent conclusion of Ed and Lorraine Warren's story in 'Last Rites', the horror universe is pivoting to a new narrative direction for its upcoming installment.
Warren Buffett's conglomerate has approximately tripled a $10,000 initial investment over the past decade, significantly surpassing standard market benchmarks. The analysis breaks down the investment vehicle's long-term returns and compares them against broader index performance.
Treasury Secretary Scott Bessent faced questioning from Senator Elizabeth Warren over U.S. policy on Japanese yen intervention, while former officials also criticized his ambiguous stance on bond market intervention. Bessent defended his position, emphasizing the need for clearer communication on foreign exchange policy.
Legendary investor Warren Buffett cautions that current market conditions resemble gambling and highlights two stocks positioned as safer long-term bets.
Prominent investor Warren Buffett outlines his foundational advice for maintaining portfolio stability and making disciplined decisions during periods of heightened stock market uncertainty.
Singer Alex Warren opens up about the personal motivations behind his latest single and shares his wife's supportive reaction to writing another love song while expecting a child.
Despite initial missteps, Warren Buffett has significantly increased his position in Alphabet, making it Berkshire Hathaway's third-largest investment amid broader tech portfolio adjustments.
Production teams behind the upcoming Snoop Dogg biopic have revealed key casting choices, including Algee Smith as Warren G and a lead actor portraying Tupac Shakur. The film aims to chronicle the rapper’s rise to fame and his connections within West Coast hip-hop history.
Greg Abel, set to succeed Warren Buffett, has directed approximately 30% of Berkshire Hathaway's massive portfolio toward two leading artificial intelligence equities.
Investors are weighing warnings from Warren Buffett about elevated market risks after his widely watched valuation metric crossed the 200% threshold, signaling potential overvaluation.
Berkshire Hathaway's latest portfolio move involves a massive $37 billion investment in a leading tech firm, prompting analysts to debate whether retail investors should follow suit.
Warren Buffett continues to accumulate shares of Alphabet, citing robust financial performance and a key valuation metric as the primary driver behind his investment strategy.
Despite Warren Buffett's past criticism of the airline industry, his successor has reportedly built a significant $5.4 billion position in airline stocks.
Singer Alex Warren has cancelled his Auckland concert at Spark Arena due to illness, stating he was 'bedridden sick' just hours before the show. His Sydney date is next on the tour.
Warren Buffett has elaborated on an investing mistake that his late partner Charlie Munger famously called 'thumb-sucking.' Buffett's explanation sheds light on a common pitfall for investors.
An article details a fundamental concept that Warren Buffett attributes to his fortune and explains how individuals can apply it to their own finances.
Warren Buffett's Berkshire Hathaway has reportedly made an indirect investment related to SpaceX through one of its familiar holdings, adding a surprising twist to its portfolio.
A recent Sebi study reveals that 88% of individual F&O traders in India lost money in FY26, with options accounting for 92% of aggregate losses, reinforcing Warren Buffett's warnings.
Warren Buffett's successor, Greg Abel, is reportedly making a significant impact at Berkshire Hathaway with a new $43 billion investment, signaling a transformation in the company's strategy.
Senators Ron Wyden and Elizabeth Warren have urged regulators to mandate stronger customer protections from brokerages, citing concerns that several large firms leave customer accounts open to theft.
A Dividend Aristocrat company is reportedly paying Warren Buffett's Berkshire Hathaway $601 million annually. This highlights a significant income stream for the investment conglomerate.
Oscar-nominated songwriter Diane Warren has written the title song for the upcoming Mark Wahlberg film 'By Any Means'. The song, performed by David Kushner and The Isley Brothers, is for a movie set in the 1960s civil rights era.
Warren Buffett and Greg Abel of Berkshire Hathaway have reportedly issued a significant $175 billion warning, sending ripples through the financial markets and Wall Street.
Berkshire Hathaway's second-quarter holdings reveal a significant new wager on Alphabet, indicating a key strategic move for Warren Buffett's company. This investment highlights the biggest changes in Berkshire's portfolio for the quarter.
Renowned video game developer Warren Spector, known for his work on titles like Deus Ex, System Shock, and Thief, has announced his retirement from the video game development industry, stating the business is no longer as fun for him.
Warren Buffett’s Berkshire Hathaway has further increased its stake in the world’s largest airline, signaling continued confidence in the aviation sector by the prominent investment firm.
The Globe and Mail outlines three reasons why a particular Warren Buffett-backed dividend stock is considered an ideal choice for passive income investors.
Reports indicate that Warren Buffett was not the only billionaire investor to acquire Alphabet stock during the second quarter, highlighting broader interest in the tech giant among wealthy investors.
Greg Abel, a key figure at Berkshire Hathaway, has reportedly invested $4.2 billion into a stock long favored by Warren Buffett, signaling confidence in the company.
Democrats, including Senators Elizabeth Warren and Joaquin Castro, are demanding that former President Trump reveal his stock managers and explain suspicious trades, as part of efforts to draft legislation banning presidents from owning individual stocks.
Warren Buffett and Greg Abel's Berkshire Hathaway now holds an Alphabet stake valued over $24.2 billion, with three key reasons suggesting the company will continue to increase its investment.
Lindsey Graham's sister, Darline Graham, has advanced to a runoff election for a US Senate seat in South Carolina. This development comes amidst other news including rising oil prices due to doubts over a US-Iran deal and a Trump administration decision to end Medicaid funding for children's transgender care.
An investment analysis discusses a particular stock that Warren Buffett previously chose not to invest in, suggesting that Greg Abel might now be considering it.
Michael Burry suggests that Greg Abel, Warren Buffett's successor, may not be as patient as Buffett in deploying Berkshire Hathaway's substantial cash reserves. This commentary speculates on a potential shift in the company's investment strategy under new leadership.
A Wall Street expert suggests that Warren Buffett, who bought Alphabet stock last year, might be considering another megacap stock for his next investment.
Warren Buffett recounted what he considers his 'most gruesome' investment mistake, an error he believes 'deserves a spot in the Guinness Book' for its severity.
Warren Buffett has consistently recommended the same investment approach for decades, a strategy that has delivered extraordinary long-term results for investors.
Sam Altman, a prominent figure in tech, has reportedly echoed the investment philosophies of Warren Buffett and Peter Thiel regarding a key investing rule.
Senator Elizabeth Warren stated that Americans' use of platforms like Instagram and Gmail is fueling the artificial intelligence boom. She argued that citizens deserve a share in the success generated by their data contributions.
Warren Buffett has issued a stark warning regarding the current state of the stock market, with historical trends suggesting potential implications for investors.
Warren Pickering, leader of One Nation Victoria, has cast doubt on Pauline Hanson's mass deportation policy, stating it is 'not a reality' in Australia and suggesting politicians over 55 should 'handball it to the next generation'.
Senator Elizabeth Warren, along with other lawmakers, has launched an investigation into six insurance companies in response to escalating insurance costs.
Greg Abel, Warren Buffett's successor, has made significant changes to Berkshire Hathaway's investment portfolio, including slashing its Chevron stake and elevating a virtual monopoly to the fifth-largest holding. This move marks a notable shift in the company's investment strategy under new leadership.
This piece explains how Warren Buffett can achieve a lower tax rate than his secretary, detailing the specific tax bracket and financial mechanisms accessible to anyone with a brokerage account.
After more than seven years, Warren Buffett reportedly passed on a particular stock, but Greg Abel, his potential successor, may now be considering an investment in it.
Chinese parents are increasingly paying high prices to send their children to financial quotient (FQ) training classes, aiming to cultivate early financial literacy skills.
Argentinian President Javier Milei has announced his 'Fiscal Shackle' bill, a permanent measure inspired by Warren Buffett's ideas, aimed at punishing deficit-spending politicians.
An analysis explores whether a particular stock favored by Warren Buffett possesses the strongest competitive advantage, or 'moat,' within the payments industry.