Berkshire Hathaway, the conglomerate led by Warren Buffett, has seen its cash pile swell to a record $276.9 billion in the last quarter. This represents a significant increase from the previous record of $189 billion set in the first quarter of 2024. The increase in cash holdings comes as Berkshire has been selling off large
World
The impact of weak U.S. economic data has reverberated around the world, especially in European stock markets. The regional Stoxx 600 index has taken a hit, falling 2.48% amid a global downturn. This drop has pushed the index below the 500-point mark for the first time since April, according to LSEG data. All major bourses
Investors who have been questioning Meta’s substantial investment in artificial intelligence may want to reconsider their stance after the company’s recent second-quarter earnings report. The CEO, Mark Zuckerberg, emphasized the present benefits of AI for Meta’s growth in the digital advertising market. The company’s revenue surged by 22% from the previous year to $39.07 billion,
Recently, the Bank of Japan made the decision to raise its benchmark interest rate to “around 0.25%” which is an increase from the previous range of 0% to 0.1%. This move comes after a long period of low interest rates aimed at stimulating economic activity in Japan. The central bank’s decision to raise interest rates
The United Arab Emirates is quickly solidifying its position as the top destination for high-net worth individuals looking to relocate, according to the Henley Private Wealth Migration Report. These individuals are choosing to leave countries like the U.K., where increasing taxes and costs are pushing them to seek new opportunities elsewhere. The trend is expected
The Asia-Pacific markets saw positive movement on Monday, with Japan’s Nikkei 225 leading gains in the region. This surge came after a key U.S. inflation report was released late last Friday, raising hopes for a potential interest rate cut. The U.S. June personal consumption expenditures price index indicated a rise of 0.1% month on month
Bank of America has recently released a report highlighting several tech stocks that present attractive buying opportunities. These stocks include Microsoft, Apple, Micron Technology, Shopify, and Sea Limited. The investment bank is particularly optimistic about the potential for these companies to deliver strong returns in the near future. According to Bank of America, Apple is
In a recent report by Canalys, Apple has been pushed out of the top five smartphone vendors in China in the second quarter. This shift is primarily due to the fierce competition from domestic brands like Huawei. Apple’s market share in China has dwindled to 14% in the second quarter, down from 15% in the
The Nikkei 225, Japan’s leading stock index, experienced a significant drop of 3%, extending its losing streak to six days. This downward trend was further aggravated by the steep decline of 9% in SoftBank Group’s stock and Renesas Electronics plummeting more than 14%. The broader Topix index also fell by 2.24%, indicating a widespread sell-off
The profits of The Crown Estate have experienced a significant increase, more than doubling from £443 million in 2022-23 to £1.1 billion in 2023-24, according to official records released recently. This tremendous growth in profits has paved the way for a bumper increase in the Sovereign Grant, which supports the official duties of the Royal