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...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that,...
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...
