Warren Buffett, warning of ‘scoundrels’ and ‘fiscal folly,’ slashes his exposure to U.S. stocks

• Warren Buffett prefers stocks over cash and other takeaways from his annual letter to Berkshire shareholders

  Warren Buffett, in his annual letter to shareholders, defends Berkshire’s cash pile but says the company will always prefer equities when they’re attractive.
  
  MarketWatch - 12h
• 

  Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter

  The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend.
  
  NBC News - 10h

• Warren Buffett amasses more cash and sells more stock, but doesn't explain why in annual letter

  "The great majority of your money remains in equities," Buffett wrote in his highly-anticipated annual letter. "That preference won't change."
  
  CNBC - 12h

• Even Warren Buffett is struggling with this stock market. Here’s one big reason why.

  Investors will be looking closely at Berkshire Hathaway’s cash position.
  
  MarketWatch - 8h
• 

  Warren Buffett Used the Same Word 13 Times in His Berkshire Hathaway Shareholder Letter, and the Reason Is Inspiring

  ‘During the 2019-23 period, I have used the words ‘mistake’ or ‘error’ 16 times in my letters to you.’
  
  Inc. - 10h
• 

  Meta slashes staff stock awards as group embarks on AI spending drive

  Most employees will receive about 10% less equity options this year
  
  Financial Times - 2d

• Warren Buffett’s growing cash pile and 3 other things to watch for in Berkshire’s investor letter

  Investors are awaiting Berkshire Hathaway Chairman Warren Buffett’s annual investor letter, in which he typically expounds on Berkshire’s performance along with anecdotes and vignettes about ...
  
  MarketWatch - 1d

• U.S. stocks are near record highs. Why are investors so worried?

  Sentiment gauges have soured — but the S&P 500 was at record highs just a few days ago. What’s going on?
  
  MarketWatch - 15h

• His dream of playing basketball in the U.S. helped him find a second family

  Ama Sow moved to Pennsylvania to fulfill his basketball dreams. But when his school closed unexpectedly, he was left penniless and homeless. That's when a local family opened their home to him.
  
  CBS News - 1d

More from MarketWatch

• ‘I believe myself to be an honorable person’: Do I have the right to ask my husband if I’ll inherit his house after he dies?

  “He and his first wife have a son who just graduated from university.”
  
  MarketWatch - 3h

• ‘I’ve opened a hornet’s nest’: My mother-in-law lists my husband as beneficiary on her $1 million IRA. But her will says otherwise. Which wins?

  “All of this is causing a lot of turmoil in the family. Does her will trump the IRA beneficiary?”
  
  MarketWatch - 3h

• Videogame giants are spending more money but losing players — and profits

  Sony, Electronic Arts and Ubisoft reflect an industrywide misunderstanding (or perhaps disregard) of what gamers value.
  
  MarketWatch - 8h

• The Fed’s job is not to boost the stock market. Here’s what it should be doing.

  Getting inflation down to 2% should be the Fed’s No. 1 concern.
  
  MarketWatch - 8h

• Will your tax preparer save you money or make costly mistakes? Look for these red flags.

  How to make sure you get what you pay for.
  
  MarketWatch - 8h

More in Business

• 

  Officials Are Fired at Traffic Safety Agency Investigating Musk’s Company

  The National Highway Traffic Safety Administration has laid off 4 percent of its workers, a transportation official said. The agency has raised questions about crashes involving Tesla’s ...
  
  The New York Times - 22m
• 

  Elon Musk demands federal workers explain their jobs or be sacked

  Billionaire steps up efforts to cull government employees with emailed deadline
  
  Financial Times - 3h

• ‘I believe myself to be an honorable person’: Do I have the right to ask my husband if I’ll inherit his house after he dies?

  “He and his first wife have a son who just graduated from university.”
  
  MarketWatch - 3h

• ‘I’ve opened a hornet’s nest’: My mother-in-law lists my husband as beneficiary on her $1 million IRA. But her will says otherwise. Which wins?

  “All of this is causing a lot of turmoil in the family. Does her will trump the IRA beneficiary?”
  
  MarketWatch - 3h

• Patsy Grimaldi, Whose Name Became Synonymous With Pizza, Dies at 93

  His coal-oven pizzeria in the shadow of the Brooklyn Bridge has drawn patrons from New York City and beyond.
  
  The New York Times - 4h