Investment giant Berkshire Hathaway is currently holding a historic $277 billion in cash amid economic uncertainties.
The firm, led by Warren Buffett, reported net stock sales of $75.5 billion in the second quarter, pushing its total stock sales in 2024 past $90 billion.
Notably, Berkshire significantly reduced its Apple holdings by nearly half during this period.
In recent moves, Berkshire also cut its stake in Bank of America, selling $769 million worth of shares over 12 days.
At the May annual meeting, Buffett discussed the firm’s cash reserves and market conditions, emphasizing a cautious investment approach: “We’re ready to invest, but only in opportunities that offer minimal risk and high returns. It’s not a matter of urgency, but of finding the right prospects.”
Berkshire’s operating earnings for the second quarter rose to $11.6 billion, compared to $10 billion the previous year.
Lithuania’s central bank has reached out to Robinhood for further details regarding its newly launched stock token products, following a public distancing by OpenAI from the initiative.
As President Trump accelerates his tariff strategy ahead of the August 1 deadline, new White House letters reveal formal trade warnings sent to multiple nations, including Tunisia, Cambodia, Indonesia, and others.
United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.
Changpeng Zhao, the former head of Binance, has hinted at the possibility of a new initiative that would allow BNB token holders to obtain long-term residency in the United Arab Emirates through a token-staking model.