Warren Buffett's Berkshire Hathaway slashes Apple stake by almost 50%

Category: Finance

Warren Buffett's Berkshire Hathaway reported a $47 billion gain from stock sales, primarily from selling a significant portion of its Apple stake. Despite a drop in the value of remaining investments, operating earnings increased by over 15%. The company continues to hold a diverse portfolio, including insurance, utilities, and retail businesses.

Keywords: Warren Buffett, Berkshire Hathaway, Federal income taxes

Source: CBS News

Update At: 8/3/2024

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