Warren Buffett raises Berkshire cash level to record $277 billion after slashing stock holdings

Category: Finance

Berkshire Hathaway's cash reserves reached a record $276.9 billion after Warren Buffett sold significant stock holdings, including nearly half of his stake in Apple. The company has been selling stocks for seven consecutive quarters, with over $90 billion sold in the first half of 2024. Despite strong operating earnings of $11.6 billion in the second quarter, Buffett remains cautious about investing due to high prices and perceived risks in the market.

Keywords: Warren Buffett, Berkshire Hathaway, stock market

Source: CNBC

Update At: 8/3/2024

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