Warren Buffett's Berkshire Hathaway discloses sale of nearly 50% of their Apple ($AAPL) shares, now holding a record $277 billion in cash.

Warren Buffett’s Berkshire Hathaway discloses sale of nearly 50% of their Apple ($AAPL) shares, now holding a record $277 billion in cash.

August 3, 2024

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Buffett’s position in $AAPL was reduced by $86 BILLION.

Months ago, Buffett said selling “a little Apple” would be beneficial in case capital gains tax rates rise.
However, offloading 50% of his position is not “a little” sale.

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.

Warren Buffett’s Berkshire Hathaway discloses sale of nearly 50% of their Apple ($AAPL) shares, now holding a record $277 billion in cash.

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%