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Top stories today:
- Buffett sells 1% of now $174B Apple position
- Boeingās Starliner to carry astronauts for 1st time at 10:34 PM ET
- X launches Stories, AI-summarized news, for Premium subscribers
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. Buffett sells 1% of now $174B Apple position, suggesting future tax hikes are to blame
Buffett said Apple was āeven betterā than his long-term holdings American Express and Coca Cola.
Record $189B of cash in hand.
$1B Paramount stake sold.
AI has āenormous potential for harm,ā said Buffett, recognizing heās no expert on the subject.
Berkshire Hathaway had record $11.2B operating earnings in Q1, +39% YoY, after exceptional results in insurance
Insurance performance unlikely to be repeated in the next quarters, Buffett said.
It was the first Berkshire annual meeting without Charlie Munger, who was remembered and honored throughout the day
Read more: Bloomberg.
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