Buffett’s Apple sales and cash pile spark intrigue over motives

Berkshire Hathaway has investors asking questions after filling its coffers by unwinding its most profitable trade

Business - Financial Times - 11 hours ago

Warren Buffett slashes Apple stake as he boosts cash to record high

Berkshire’s stock-selling spree extends for eighth quarter, with $166bn dumped over the period

Business - Financial Times - 5 days ago

Indonesia blocks Apple iPhone 16 sales over lack of investment

Marketing and sale of model prohibited after tech giant fails to meet rule 40% of phones be made from local parts. Indonesia has prohibited the marketing and sale of the iPhone 16 model over ...

World - The Guardian - October 28

Warren Buffett’s Apple trade exposes Berkshire’s dilemma

Tech stock bonanza helped obscure dearth of juicy opportunities for group

Business - Financial Times - 4 days ago

Warren Buffett Accumulates $325 Billion in Cash While Unloading Stocks

Buffett explained that he began selling shares because he expects tax rates to go higher in the future.

Business - Inc. - 4 days ago

Warren Buffett sitting on billions as Berkshire Hathaway sells Apple stock

Berkshire said in its earnings report Saturday that it sold off roughly another 100 million Apple shares in the third quarter after halving its massive investment in the iPhone maker last quarter.

Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.

Business - CNBC - 4 days ago

Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period

The Oracle of Omaha downsized Apple — his biggest equity holding — for a fourth quarter in a row.

Business - CNBC - 4 days ago

Where Jim Cramer stands on Apple after more selling from Warren Buffett's Berkshire

Berkshire sold another chunk of Apple stock, cutting its stake by about 25% during the third quarter.

Business - CNBC - 3 days ago

Tua Tagovailoa's return didn't spark the kind of victory the Dolphins desperately need to capitalize in a messy AFC East

Miami finally looked like a big-boy offense again. Unfortunately it still lost a heartbreaker to Arizona, and at 2-5, that can't happen anymore.

Sports - Yahoo Sports - October 27

Patagonian tourism numbers sparks concerns over sustainability

A clutch of luxury operators are trying to demonstrate that visiting the region can be managed responsibly

World - Financial Times - October 23

Apple’s Sales in China Are Stalling. What Will It Sacrifice to Turn Things Around?

With iPhone sales down and Apple Intelligence banned, Apple looks ready to compromise.

Tech - Wired - October 26

Apple sales rise 6%, company seeing early iPhone 16 demand

Apple reported earnings after the bell. Here are the results.

Business - CNBC - November 1

Apple cautious on holiday outlook as it starts AI rollout

Shares fall despite solid earnings as analysts weigh impact of new ‘Apple Intelligence’ features

Business - Financial Times - November 1

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Business - The Wall Street Journal - October 31

Harris has cash edge over Trump in latest fundraising numbers

Vice President Kamala Harris' campaign raised more than three times as much money as former President Donald Trump in September.

Musk ordered to attend hearing over $1M cash giveaway to voters

A Philadelphia judge is set to address a bid by the city’s district attorney to stop Elon Musk and his America PAC from continuing to award multi-million dollar prizes to registered voters in ...

Politics - NBC News - October 31

Musk can continue with election cash giveaways for now, judge rules

Prosecutors say the case will now move to a federal court, following a request from Musk's lawyers.

Secondary sales of private equity stakes set for record levels amid cash crunch

Once-niche market sees surge in activity with investors looking for an exit from ageing assets as deal activity slumps

Business - Financial Times - October 16

Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer

Pizza chain says it’s still operating in a challenging consumer environment.

Business - MarketWatch - 22 hours ago

Timo Werner sparks Tottenham’s Carabao Cup win over Manchester City

Tottenham had threatened to win this Carabao Cup tie at a canter. Two goals up after 25 minutes, there was almost disbelief within the home crowd and not only because Timo Werner had scored the ...

World - The Guardian - October 30

Robert Kennedy Jr’s influence over Trump sparks Big Pharma alarm

Vaccine sceptic expected to hold sway over health policy and top appointments

World - Financial Times - 11 hours ago

Apple and Goldman Sachs ordered to pay more than $89 million for Apple Card failures

Apple and Goldman Sachs were fined more than $89 million for mishandling consumer disputes of Apple Card transactions, the CFPB said.

Business - CNBC - October 23

Apple, Goldman Sachs ordered to pay $89 million over Apple Card failures

Apple and Goldman "illegally sidestepped" their obligations to Apple Card customers, federal regulators say.

Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry

The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.

Business - The New York Times - October 23

Apple Intelligence is key to new iPhone sales, but don’t expect a big revenue jolt right away

With Monday’s rollout of Apple Intelligence on Apple Inc.’s newest iPhones, investors need to remember that the addition of generative artificial intelligence is unlikely to immediately lead to a ...

Business - MarketWatch - October 28

Apple sells $46 billion worth of iPhones over the summer as AI helps end slump

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Tech - ABC News - October 31

Apple reports robust demand for iPhone 16 even as overall sales in China slow

Company reports $94.9bn in revenue, slightly beating Wall Street projections in first look at demand for its new phone. Apple reported strong demand for the iPhone 16 in its quarterly earnings ...

World - The Guardian - October 31

Apple Announces $46 Billion in Global iPhone Sales as AI Helps End Slump

Putting artificial intelligence tech into its flagship product ensured the summer quarter had a positive turnaround.

Business - Inc. - 6 days ago

Berkshire’s Apple position now down by two thirds in 2024 after latest sales

Warren Buffett’s Berkshire Hathaway unloaded 25% more of its Apple position during the third quarter.

Business - MarketWatch - 6 days ago

Goldman and Apple fined $89mn over US credit card programme

Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

Business - Financial Times - October 23

Apple, Goldman Sachs Ordered to Pay $89 Millions Over Transaction Disputes

The Consumer Finance Protection Bureau ordered the two to pay out over Apple Card disputes.

Business - Inc. - October 23

Georgia election official appeals to Musk over foreign disinformation on X

Brad Raffensperger says viral post alleging repeat voting in US state is likely from ‘Russian troll farms’

World - Financial Times - November 1

Inflation vs consumption

Plus imports, and utilities

World - Financial Times - November 1

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