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Apple shares drop 7% after Warren Buffett’s Berkshire Hathaway slashes stake by half

Berkshire Hathaway disclosed in its earnings filing that it dumped a little more than 49% of the Apple stake.

Published 5 August 2024
Categorised as Finance News

‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks

America’s youngest workers have not only kept, but continued building on, big wage gains seen during the pandemic.

Published 4 August 2024
Categorised as Finance News

China’s slower growth hasn’t dragged down this consumer stock. Why it’s up 90% this year

During a summer of weak spending, one Chinese consumer company has told investors of double-digit growth in the first half of the year.

Published 4 August 2024
Categorised as Finance News

ETF inflows set record high in July, State Street Global Advisors finds

New data shows exchange-traded fund inflows hit $127 billion last month.

Published 3 August 2024
Categorised as Finance News

Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings

Berkshire Hathaway’s cash pile swelled to a record $276.9 billion as Warren Buffett continued dumping his one-time favorite Apple stake.

Published 3 August 2024
Categorised as Finance News

Jeff Bezos’ family office is making big investments in AI

Bezos Expeditions has always tilted heavily toward tech. Fully 70% of his family office investments are in technology, according to FINTRX.

Published 2 August 2024
Categorised as Finance News

Stocks making the biggest moves midday: Chevron, Apple, Clorox, Amazon and more

These are the stocks posting the largest moves in midday trading.

Published 2 August 2024
Categorised as Finance News

Jobless rates fall in July for Asian Americans, bucking the overall trend

The unemployment rate fell to 3.7% from 4.1% for Asian Americans in July.

Published 2 August 2024
Categorised as Finance News

Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank

The move from Morgan Stanley, one of the world’s largest wealth management firms, is the latest sign of the adoption of bitcoin by mainstream finance.

Published 2 August 2024
Categorised as Finance News

Berkshire’s mounting cash pile could top $200 billion as Buffett continues selling stock

The Omaha-based conglomerate’s cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

Published 2 August 2024
Categorised as Finance News

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