10 sources·Business

Berkshire Hathaway's Cash Pile Hits $325 Billion Amid Apple Sell-Off

Warren Buffett's Berkshire Hathaway sees record cash reserves as major stock sales continue, raising questions about future investments and economic outlook.

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Updated: Nov 2nd, 2024, 4:05 PM ET

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Berkshire Hathaway's cash reserves reached $325.2 billion after Warren Buffett continued selling off shares of Apple and Bank of America, contributing to a significant rise in quarterly profits. Despite these gains, Buffett refrained from repurchasing shares, causing speculation about his future economic outlook. Operating earnings fell slightly, but overall revenue remained largely stable. Analysts pondered Buffett's motives for the share sell-offs, particularly after the passing of longtime partner Charlie Munger, while the conglomerate's diverse portfolio retains its resilience in uncertain market conditions.

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