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 - November 8

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 - November 2

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 - November 4

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. - November 3

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 - November 4

Warren Buffett’s growing cash hoard makes stock-market bulls nervous. Should it?

Stock-market investors are desperately trying to separate the signal from noise when it comes to Warren Buffett’s latest portfolio moves.

Business - MarketWatch - November 11

Hostin, Farah Griffin clash over Trump voters' motives

“The View” co-hosts Alyssa Farah Griffin and Sunny Hostin clashed over the motives of people who voted for President-elect Trump on Monday. In a clip highlighted by Mediaite, the show's co-hosts ...

Politics - The Hill - 3 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 - November 4

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 - November 4

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

Consumer anger over high prices piles pressure on politicians

Post-Covid inflation rise leaves toxic legacy for governments across rich economies

Business - Financial Times - November 11

FirstFT: Bitcoin hits a record high

Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executive

World - Financial Times - November 11

CFPB expands oversight of digital payments services including Apple Pay, Cash App, PayPal and Zelle

The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said.

Business - CNBC - 3 hours ago

CFPB expands oversight of digital payments services including Apple Pay and Cash App

The Consumer Financial Protection Bureau on Thursday issued a finalized version of a rule saying it will soon supervise nonbank firms that offer financial services likes payments and wallet apps.

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

Apple's four-phone strategy is lagging. One idea to reviving sales: Cut the cameras

Every year since 2020, when Apple moved to a four-model lineup, one of them has lagged in terms of sales.

Business - CNBC - November 12

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.

Defendant takes stand in trial over Cash App founder's murder

Nina Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee, claimed in testimony Monday that he acted in self-defense. CBS News Bay Area reporter Lauren Toms has the ...

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 - November 7

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 - November 8

Bruno Fernandes sparks Manchester United to easy victory over Leicester

Eleven days after Manchester United routed Leicester under Ruud van Nistelrooy in the Carabao Cup here, the interim manager signed off with another easy-street win over the Foxes and so ends his ...

World - The Guardian - November 10

SpaceX sparks Taiwanese anger over supplier relocation request

World - Yahoo News - November 14

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

Walmart’s Founder on Motivating Employees

What you can learn from the founder of the largest retailer in the world.

Business - Inc. - 4 days ago

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