Billionaire investor Warren Buffett’s firm has reportedly cut its stake in Apple by half. As the Financial Times (FT) reported Saturday (Aug. 3), this reduction came as Buffett sold off $76 billion in stocks. His company, Berkshire Hathaway, reduced its Apple holdings by more than...
Berkshire Hathaway’s Warren Buffett has compared the development of artificial intelligence (AI) to the atomic bomb. Just like that invention, the multibillionaire said Saturday (May 4) at Berkshire’s annual meeting, AI could produce disastrous results for civilization. “We let a genie out of the bottle when we developed...
Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant at $135 billion. A report by CNBC noted this would mark a drop of 13%, though...
Berkshire Hathaway’s Charlie Munger wants America to take a page from China and ban cryptocurrencies. In a Wall Street Journal opinion piece Wednesday (Feb. 1), the billionaire vice chairman of the conglomerate decried the “wretched excess” of the crypto market. “A cryptocurrency is not a...
May 04, 2020
The selloff begat the selloff. To that end, news came over the weekend that famed investor Warren Buffett, through his investment vehicle, Berkshire Hathaway, has sold all of its holdings in U.S. airlines. The firm sold its stakes in equities tied to a host of marquee names such as American Airlines, Southwest, Delta Airlines and others. […]
December 23, 2019
When people joke about boring professions and industries, one can bet that insurance will almost always be one of the top targets of such humor. That’s a bit unfair, of...
March 29, 2019
Pushed? Jumped ? The speculation begins and runs rampant as Timothy Sloan steps down from Wells Fargo’s helm – and yes, shares popped. In the meantime, the bank still will...
November 03, 2024
Warren Buffett has once again sold off another large piece of his stake in Apple. As CNBC reported Saturday (Nov. 2), the billionaire investor’s Berkshire Hathaway had $69.9 billion worth of Apple shares at the end of September, according to its latest earnings report. This implies Buffett had sold around a quarter of his stake […]
August 04, 2024
Billionaire investor Warren Buffett’s firm has reportedly cut its stake in Apple by half. As the Financial Times (FT) reported Saturday (Aug. 3), this reduction came as Buffett sold off...
May 05, 2024
Berkshire Hathaway’s Warren Buffett has compared the development of artificial intelligence (AI) to the atomic bomb. Just like that invention, the multibillionaire said Saturday (May 4) at Berkshire’s annual meeting, AI...
May 05, 2024
Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant...
