A storm coming? Warren Buffett stays sour on Apple, hoards cash ahead of tight US elections

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NEW YORK, Nov 4 — Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further...

Shanahan called the policy losses a “big surprise,” while Seifert said many of Berkshire’s peers have already addressed similar issues.“This stands out by making Berkshire appear to be a laggard,” she said.

In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25 per cent, of its Apple shares over the summer, ending with about 300 million.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Apple Berkshire Hathaway Us elections Warren Buffett

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 10:00:31 (3 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 813 words

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Sentences: 37 lines

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