Berkshire Hathaway’s cash pile has reached a staggering record of $276.9 billion, surpassing its previous high of $189 billion. This substantial increase is attributed to Warren Buffett’s strategic selling of stock holdings, including a significant portion of Apple shares, in the second quarter. The Oracle of Omaha has been on a selling spree for seven
World
The European stock market experienced extended losses on Friday as a result of a global downturn triggered by weak U.S. economic data. The regional Stoxx 600 index plummeted by 2.48% at 3:17 p.m. London time, dipping below the 500-point mark for the first time since April, according to LSEG data. The stock market was dominated
Meta, formerly known as Facebook, has been making significant investments in artificial intelligence (AI) to drive growth in its core business of digital advertising. CEO Mark Zuckerberg and finance chief Susan Li recently highlighted the ways in which AI has contributed to the company’s success, emphasizing how it has improved recommendations, enhanced content discoverability, and
Recently, Japan’s central bank made the decision to raise its benchmark interest rate to “around 0.25%” from its previous range of 0% to 0.1%. This move signifies the Bank of Japan’s highest interest rates since 2008. Additionally, the central bank outlined a plan to taper its bond buying program. The Bank of Japan expressed its
The United Arab Emirates has solidified its position as the top destination for wealthy expatriates, according to the Henley Private Wealth Migration Report. The UAE is expected to welcome a record net inflow of 6,700 millionaires by the end of 2024, surpassing countries such as the U.S. and attracting individuals from various regions like India,
The Asia-Pacific markets saw an upward trend on Monday, with Japan’s Nikkei 225 leading gains in the region following a key U.S. inflation report released late last Friday. The report indicated that the U.S. June personal consumption expenditures price index rose 0.1% month on month and 2.5% year on year, in line with economist estimates.
The United States has recently announced a major revamp of its military command structure in Japan, aiming to strengthen defense ties between the two nations amidst growing regional threats from China and North Korea. This overhaul comes as part of a broader effort to enhance coordination and cooperation between the U.S. and Japan to address
Bank of America recently increased its price target for Apple, citing optimism regarding the upcoming iPhone cycle and strong brand loyalty among users. While it is true that Apple has been performing well before quarterly results, it is important to note that the tech giant faces tough competition in the market, particularly from other smartphone
The latest report from Canalys reveals a significant shift in the smartphone market in China, with Apple being edged out of the top five smartphone vendors list in the second quarter. The intense competition from domestic brands such as Huawei has led to a decline in Apple’s market share, which shrank to 14% in the
The recent plunge of Japan’s Nikkei 225 index by 3% has sparked concerns among investors worldwide. This six-day losing streak has raised questions about the stability of Asian markets in the face of global economic turmoil. Leading the losses in the region, Nikkei heavyweight SoftBank Group nosedived 9%, while Renesas Electronics saw a decline of