In the last quarter, Berkshire Hathaway’s cash pile swelled to a record $276.9 billion, marking a significant increase from the previous record of $189 billion set in the first quarter of 2024. This surge came as Warren Buffett, the Oracle of Omaha, sold off large portions of stock holdings, including a significant portion of his
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Analysts from Bernstein have praised Apple’s fiscal Q3 performance by highlighting that the results were modestly ahead of consensus. They noted that revenues grew by 5% and services expanded by 14%. Moreover, Bernstein emphasized Apple’s strong free cash flow and its restrained capital expenditures, describing Apple’s approach as “capital-light” to mitigate overinvestment risks. Goldman Sachs
Chevron experienced a disappointing midday trading session, with stock slipping more than 3% due to second-quarter earnings missing Wall Street estimates. This news caused concern among investors, as adjusted earnings per share were reported at $2.55, lower than the $2.93 per share that analysts had expected. Additionally, revenue came in slightly higher than expected at
Berkshire Hathaway, under the wise leadership of CEO Warren Buffett, is on the verge of achieving a milestone that could shake the financial markets. The company’s cash pile is set to exceed $200 billion, surpassing the entire annual gross domestic product of Hungary. This impending feat comes amidst a rare move by Buffett to sell
The film industry has faced some tough challenges in recent times, with Marcus Theatres being no exception. While CEO Greg Marcus noted that there weren’t fewer films in the first half of the year, there was a lack of tentpole movies that are essential for driving audience numbers. The lack of a “normal slate” of
Hershey’s stock saw a significant drop of 7% in premarket trading after the company’s second-quarter results fell short of analyst expectations. Despite earning $1.27 per share on revenue of $2.07 billion, the company missed the projected profit of $1.43 per share on revenue of $2.31 billion. This decline was attributed to consumers pulling back on
Moderna, a prominent biotech company, recently reported second-quarter revenue that exceeded expectations. However, the company decided to reduce its full-year sales guidance due to various factors such as lower expected sales in Europe, a competitive environment for respiratory vaccines in the U.S., and the potential for deferred international revenue into 2025. The company now anticipates
When Donald Trump, the Republican nominee for president, received support from a portion of the tech investing world, a significant number of venture capitalists immediately rallied behind Vice President Kamala Harris, the likely Democratic nominee. Over 100 VCs joined forces to endorse Harris as she gears up for the November election. This group, known as
The Federal Reserve recently made the decision to leave interest rates untouched, despite acknowledging progress in key economic indicators. The Federal Open Market Committee (FOMC) decided to keep the benchmark rate within a range of 5.25% to 5.5%. This decision comes after a period of keeping rates steady, allowing time for data assessment to inform
The Federal Reserve is poised to keep interest rates steady following a two-day policy meeting, with indications pointing to the possibility of a cut in borrowing costs in the near future. Investors are optimistic about a rate reduction occurring at the September 17-18 meeting, with discussions revolving around whether the Fed will opt for a
The 2025 Ford Maverick pickup truck has undergone a significant redesign, incorporating a host of new features and improvements. One of the notable updates is the refreshed exterior and interior styling, giving the vehicle a modern and sleek appearance. Moreover, the introduction of a 13.2-inch center touchscreen adds a touch of luxury and convenience to
German airline Lufthansa is facing a challenging third quarter, with expectations of lower earnings due to falling yields and increasing unit costs. The aviation industry in Europe is experiencing a flattening demand, leading to setbacks for airlines dealing with rising costs and limited availability of aircraft. Airfares in both Europe and Asia have plateaued or
Samsung Electronics recently announced its second-quarter results, reporting higher-than-expected revenue and operating profit. The company saw a revenue of 74.07 trillion Korean won, which translates to about $53.45 billion, surpassing analysts’ average estimate of 73.74 trillion Korean won. Additionally, Samsung’s operating profit reached 10.44 trillion Korean won, exceeding the projected 9.53 trillion Korean won. This
Microsoft experienced a 6% drop in shares due to disappointing results from its cloud business. Despite beating expectations in the fiscal fourth quarter, the negative cloud business impact overshadowed these successes. On the other hand, Advanced Micro Devices saw a 5% increase in shares after surpassing second-quarter estimates. The company posted impressive earnings and revenue