The Australian sharemarket is set to retreat, with futures at 5am AEDT pointing to a slide of 31 points, or 0.4 per cent, at the open. The ASX added 0.1 per cent on Monday. Berkshire Hathaway climbed 3.
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Berkshire Hathaway made significant adjustments to its portfolio in Q4 2024, reducing its investment in a number of stocks. However, its stake in Apple remains unchanged.
A look at the key items to watch in Saturday's annual Berkshire Hathaway shareholder letter by legendary investor Warren Buffett.
Warren Buffett, through his conglomerate Berkshire Hathaway (BRK.A-0.33%) (BRK.B-0.19%) was a huge net seller of stocks. The Oracle of Omaha took a hacksaw to his two largest stakes in Apple and Bank of America,
Palantir stock declines for a fourth consecutive day, Nvidia, the leading maker of AI chips, reports earnings later this week, and Alibaba plans to invest more than $52 billion on artificial intelligence over the next three years.
Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in Texas.
The conglomerate’s operating profit — earnings from the company’s wholly-owned businesses — skyrocketed 71% to $14.5 billion in the fourth quarter.
Steve Jobs before his death spoke with Warren Buffett about what to do with Apple’s extra cash on hand, but didn’t take his advice. Buffett suggested that Jobs buy back Apple stock but Jobs “just liked having the cash.
The opportunity-starved organization is likely to start making major investments again -- just in a different way.