Reported 2 months ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stock holdings, selling $75.5 billion worth of equities in the second quarter of 2024. This includes nearly halving its stake in Apple and cutting its investment in Bank of America. Buffett's actions come amid growing concerns in the U.S. stock market following disappointing economic indicators, leading to increased expectations of interest rate cuts by the Federal Reserve.
Source: YAHOO