Berkshire Hathaway, the conglomerate led by legendary investor Warren Buffett, is set to reveal a record-breaking cash pile topping $200 billion in its second-quarter earnings report. This massive amount of cash is more than the entire GDP of countries like Hungary, raising eyebrows in the investing world. The CEO’s decision to trim some of his
Finance
Berkshire Hathaway, under the leadership of Warren Buffett, has amassed a record cash pile of $276.9 billion in the last quarter. This significant increase from the previous record of $189 billion set in the first quarter of 2024 raises questions about the conglomerate’s investment strategy moving forward. Buffett’s decision to sell large chunks of stock
Singapore’s central bank, the Monetary Authority of Singapore, has taken action to address challenges in the city-state’s stock market. A task force has been established to evaluate measures aimed at improving the vibrancy of the Singapore equities market. Despite the Straits Times Index showing growth in recent years, Singapore’s stock market has faced issues such
Apple continues to impress with its fiscal third-quarter earnings, surpassing analysts’ expectations on both the top and bottom lines. The stock saw a slight increase in after-hours trading, reflecting investor confidence in the tech giant’s ability to deliver strong results. However, Apple will need to maintain this momentum in the face of stiff competition and
The Federal Reserve officials recently decided to keep short-term interest rates steady, but hinted that inflation is approaching its target. This development could potentially lead to future interest rate cuts. Despite the indication of inflation nearing its goal, there was no clear indication that a rate cut is imminent. The decision to maintain the current
Recently, Russian lawmakers approved a new law that allows businesses in the country to use cryptocurrency for international payments. This decision comes at a time when Russia is facing financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, gave the initial approval to this groundbreaking legislation, which could have
Warren Buffett’s Berkshire Hathaway has been on a selling streak, shedding a significant portion of its stake in Bank of America for nine consecutive days. This suggests that the investment conglomerate is not just making minor adjustments to its longtime holding. The recent regulatory filing revealed that Berkshire sold a total of 18.4 million shares
The recent approval of spot ether exchange-traded funds by the Securities and Exchange Commission marks a significant milestone in the cryptocurrency markets. With firms like Franklin Templeton and VanEck launching their respective ETFs, investors are eager to capitalize on this new investment opportunity. Despite the initial enthusiasm surrounding the launch of spot ether ETFs, the
In a surprising turn of events this week, Berkshire Hathaway, headed by Warren Buffett, has been steadily decreasing its stake in Bank of America. Over the course of six consecutive trading days, the conglomerate has sold off a substantial amount of shares in the bank. On Monday, Tuesday, and Wednesday alone, Berkshire sold off 18.9
The British Labour government is currently in the process of updating plans to regulate the “buy now, pay later” industry. This decision comes after multiple delays in the implementation of BNPL legislation in Britain. The government initially outlined plans to regulate the sector back in 2021 but has faced setbacks since then. The “buy now,