Berkshire Slashes Amazon Stake, Adds New York Times and Energy Bets
Berkshire Hathaway cuts Amazon and Bank of America stakes while adding New York Times and boosting energy and insurance holdings.
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Berkshire Hathaway cuts Amazon and Bank of America stakes while adding New York Times and boosting energy and insurance holdings.
The CEOs of Bank of America, Wells Fargo and Citigroup will meet senators Thursday to discuss upcoming crypto market legislation and its implications for U.S. financial stability.
Bank of America now advises clients that up to 4% of a portfolio may be allocated to Bitcoin and other crypto assets.
Berkshire Hathaway adds a $1.24 billion stake in Constellation Brands while sharply reducing major bank holdings.
Warren Buffett’s Berkshire Hathaway reported record cash holdings of $381.7 billion and a 34% jump in operating earnings, driven by strong insurance results and restrained disaster losses.
Bank of America strategist Michael Hartnett says gold and Chinese equities offer the strongest protection for investors riding the artificial-intelligence boom.
HSBC has joined a growing number of major banks forecasting gold at $5,000 per ounce by 2026, as geopolitical tensions, central bank demand, and policy uncertainty fuel one of the strongest bull markets in decades.
Gold prices hit a new all-time high above $4,200 per ounce as investors reacted to deepening U.S.-China trade tensions and rising bets on further Federal Reserve rate cuts.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.