Berkshire Hathaway is dumping Apple stock and building its cash stockpile to record highs because Warren Buffett believes the government will raise capital gains taxes soon

Quick Summary:

The company’s cash and short-term treasuries now outweigh the market value of its equities.

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Article Details

Author / Journalist: Marco Quiroz-Gutierrez

Category: EconomyBusiness

Markets: United States

Topics: Technology Taxes Cash Investing Technology companies Finance Berkshire Hathaway Donald Trump Warren Buffett Business U.S. Presidential Election Tech Apple Kamala Harris Investors American Politics U.S. Department of the Treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 19:01:02 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 14 words

Reading Time: 1 minutes read

Sentences: 20 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23404828

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 27 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #95

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