Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is under the microscope as its cash reserves continue to grow. With the cash pile potentially surpassing $200 billion, Buffett’s recent decision to sell off some of his favorite stocks has raised eyebrows. The sale of investments in Apple, Bank of America, and BYD has led
Finance
Warren Buffett’s conglomerate, Berkshire Hathaway, saw its cash pile reach a record $276.9 billion last quarter. This significant increase in cash reserves was driven by Buffett’s decision to sell off a substantial portion of his stock holdings, including a remarkable reduction in his stake in Apple. This cash hoard surpassed the previous record of $189
Singapore’s Monetary Authority has taken proactive steps to address the stagnation facing the city-state’s stock market. The newly established task force aims to evaluate measures to enhance the vibrancy of the Singapore equities market. By focusing on fostering listings, addressing market challenges, and facilitating market revitalization, the review group sets out to breathe new life
Apple managed to beat analysts’ estimates on both the top and bottom lines as they reported earnings of $1.40 per share for the fiscal third quarter. This impressive performance caused the stock to inch higher in extended trading, much to the delight of investors. Additionally, revenue for the quarter came in at $85.78 billion, exceeding