Warren Buffett may be cashing in stocks because he sees a storm on the horizon — and could buy them back once prices tumble, a senior market strategist says. The “Oracle of Omaha” has a “history of selling out of the stock market” when economic and financial indicators are “signaling a bear market or a…
Warren Buffett’s Berkshire Hathaway posted a 4% drop in operating earnings to $11.2 billion in its first quarterly earnings report since the legendary investor revealed he plans to step down as CEO. Berkshire also sold a net $3 billion of stocks last quarter, purchasing $3.9 billion of shares but selling $6.9 billion worth. The disposals…
Warren Buffett’s Berkshire Hathaway cut its Bank of America stake and other bets last quarter. The investor’s company exited two S&P 500 funds and only added one new stock, Constellation Brands. Buffett’s conglomerate sold a net $127 billion of stocks in the first nine months of last year. Warren Buffett and his deputies pared bets,…
(Reuters) – Wall Street executives at the Reuters Next conference in New York expect a $7-trillion cash pile that proved invulnerable to falling interest rates in 2024 to start melting next year as easier monetary policy tempts clients out of the ultra-conservative asset class. So far, such hopes have been in vain. Cash in money…