Warren Buffett’s Berkshire Hathaway has significantly reduced its exposure to US banks, selling $3.23 billion worth of shares in Citigroup, Bank of America, and Capital One during Q1. The firm completely exited its Citigroup position (14.6M shares worth $1B) and trimmed Bank of America holdings by 48.7M shares ($2.19B). Beyond banking, Berkshire also sold positions in Nu Holdings, Charter Communications, and others, while increasing investments in Constellation Brands (doubling stake), Domino’s Pizza, and Occidental Petroleum. Notably, Berkshire’s massive Apple position remained unchanged, and cash reserves grew to $350 billion by March 31st, signaling a cautious investment approach amid market uncertainty.
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Bill Ackman Invests $900M in Howard Hughes to Emulate Buffett
Bill Ackman’s hedge fund, Pershing Square, has invested $900 million to acquire a 46.9% stake in Howard Hughes Holdings (HHH), paying a 48% premium over the stock’s closing price. Ackman, now executive chairman of HHH, plans to expand the real estate firm into a diversified holding company, citing its unrecognized shareholder value due to market perceptions. In an interview, Ackman revealed his ambition to emulate Warren Buffett’s Berkshire Hathaway, leveraging HHH as a platform for long-term growth and acquisitions. The move reflects Ackman’s strategy of building a publicly traded company with permanent capital, mirroring Buffett’s success.
read moreBuffett Warns on USD Collapse, Eyes Bitcoin?
At Berkshire Hathaway’s annual shareholders’ meeting, Warren Buffett expressed deep concerns over the weakening US Dollar, citing unsustainable fiscal policies and excessive money printing. While historically critical of Bitcoin, Buffett’s remarks on currency diversification have sparked speculation that Berkshire may explore alternative assets, including cryptocurrencies. The firm has amassed a $347 billion cash pile, signaling a defensive stance ahead of potential market shifts. Analysts debate whether Bitcoin—often viewed as an inflation hedge—could attract Buffett’s interest, despite his past dismissive remarks. Some predict Berkshire could even surpass MicroStrategy in Bitcoin holdings if it enters the market.
read moreWarren Buffett Steps Down as Berkshire CEO, Maintains Bitcoin Skepticism
Warren Buffett, the 94-year-old CEO of Berkshire Hathaway, will step down at the end of the year after transforming the company into one of the world’s most profitable firms. Known for his skepticism toward Bitcoin, Buffett has repeatedly dismissed the cryptocurrency as a speculative asset, famously labeling it ‘rat poison squared’ in 2018. While he acknowledged blockchain’s importance, he maintained that Bitcoin lacks intrinsic value, comparing it to ‘a seashell.’ Despite softening his stance on blockchain technology, Buffett never invested in Bitcoin, preferring traditional industries. His views contrast with other financial leaders like BlackRock’s Larry Fink, who has since embraced crypto. Buffett’s departure marks the end of an era for Berkshire Hathaway, leaving behind a legacy of disciplined, value-based investing.
read moreBuffett Warns of Unsustainable US Fiscal Deficits
Warren Buffett, during Berkshire Hathaway’s annual meeting, raised alarms over the US government’s growing fiscal deficit, which has reached $1.31 trillion this fiscal year—a $242 billion increase from the previous year. Buffett warned that the current 7% gap between revenue and expenditures is unsustainable, with a 3% gap being the manageable threshold. He emphasized that without corrective action, the deficit could spiral out of control, leading to severe economic consequences. Buffett also highlighted persistent inflation concerns, recalling past near-crises under Paul Volcker. He criticized Congress for its inability to address the issue effectively, stressing the urgency of fiscal reform to avoid long-term instability.
read moreBuffett’s Dollar Warning Fuels Bitcoin Hedge Debate
Warren Buffett’s warning about the U.S. dollar’s vulnerability has sparked renewed interest in Bitcoin as a hedge against inflation and economic instability. Bitwise Invest President Teddy Fusaro urges investors to consider Bitcoin, citing its finite supply and decentralized nature as key advantages. Despite Buffett’s past skepticism—calling Bitcoin ‘rat poison squared’—his latest remarks have inadvertently boosted pro-crypto sentiment. Bitcoin’s real-time price tracking, such as KrakenDesktop’s 24/7 monitoring, reflects its growing mainstream relevance. Currently trading at $94,629.74, Bitcoin remains volatile but is increasingly viewed as ‘digital gold’ amid rising geopolitical risks and U.S. debt concerns. Institutional confidence, evidenced by ETF inflows, further solidifies Bitcoin’s role in global finance.
read moreBuffett to Step Down as Berkshire CEO by 2025
Warren Buffett, CEO of Berkshire Hathaway, confirmed his planned departure by the end of 2025 during the company’s annual shareholder meeting. His successor, Greg Abel, currently vice chairman of non-insurance operations, is set to assume the CEO role, subject to board approval. Buffett emphasized that while he will stay on in an advisory capacity, Abel will have the final say in decisions. This transition comes as Berkshire sits on a massive $348 billion cash reserve, raising questions about future investment strategies under new leadership. The announcement marks a pivotal moment for one of the world’s most influential investment firms.
read moreWarren Buffett Gains $11.5B Amid Market Selloff
Warren Buffett’s net worth surged by $11.5 billion in 2024, reaching $153.5 billion, even as global markets faced significant selloffs triggered by tariff tensions. While the top 500 billionaires collectively lost over $500 billion in two days, Buffett’s Berkshire Hathaway outperformed the S&P 500, declining only 8.8% compared to the index’s 10.7% drop. His resilience stems from a focus on the property and casualty sector, which remains less affected by trade disruptions. Buffett also avoided major deals while trimming stakes in Apple and Bank of America, both hit hard by tariffs. He is now the fourth-richest billionaire globally, one of only two in the top 20 to grow wealthier this year.
read moreStock Market Ends Week on High Note Amid Weaker-Than-Expected Jobs Report
U.S. markets closed the week on a high note as treasury yields fell due to weaker-than-expected April jobs report, sparking hope for potential Fed rate cuts. The Dow surged 450 points, Nasdaq gained 2%, and S&P ended over 1% higher. Apple’s strong earnings led to a 6% stock increase, while GameStop surged 30% without apparent news. However, Cloudfare and Expedia faced stock declines due to cautious guidance and disappointing travel booking outlook, respectively. Earnings season continues with Warren Buffett’s Berkshire Hathaway and other major companies set to announce results.
read moreStock Market Earnings Reports: Key Companies and Projections for the Week
Stock market investors are eagerly awaiting earnings reports from companies like Vertex Pharmaceuticals, Arista Networks, Crocs, Shopify, and more. Additionally, attention is on industrial and infrastructure construction companies Aecom and Atkore, as well as fast-moving stocks like Disney, Teva Pharmaceutical, and Constellation Energy. The market is also keeping an eye on companies setting up for potential entries, such as Nvidia, PulteGroup, Ares Management, Abercrombie & Fitch, and Neurocrine Biosciences.
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