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In a landmark move signaling the end of an era, Warren Buffett’s retirement as CEO of Berkshire Hathaway was announced at the company’s annual shareholders’ meeting on May 3. At age 94, Buffett confirmed he will step down by year-end, with Vice Chairman Greg Abel taking over the top role. The decision came as a …
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Warren Buffett, Berkshire Hathaway’s legendary investor, is now holding over $325 billion in cash, as the company continues trimming its Apple holdings while generating substantial profits from its diverse business portfolio. Berkshire’s deliberate move away from Apple stock, its largest investment, signals a strategic shift and bolsters cash reserves, leaving analysts speculating about Buffett’s next …
Continue reading “Warren Buffett Amasses $325 Billion in Cash Amid Apple Stock Sales”
