- Bay Area Times
- Posts
- Buffett sells 1% of now $174B Apple position, suggesting future tax hikes are to blame
Buffett sells 1% of now $174B Apple position, suggesting future tax hikes are to blame
Bay Area Times
May 06, 2024
Brought to you by:
Top stories today:
- Buffett sells 1% of now $174B Apple position
- Boeing’s 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 “even better” than his long-term holdings American Express and Coca Cola.
Record $189B of cash in hand.
$1B Paramount stake sold.
AI has “enormous potential for harm,” said Buffett, recognizing he’s 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.
Powerful authentication loved by over 25,000 developers, including teams at Datadog, Rippling, and Atlassian.
Integrate in minutes to add SSO, SAML, MFA and more to an application. Free up to 10,500 MAU.
6 months free after migration before May 31st, for enterprise customers with more than 100,000 MAU, or 3,000 MAO.
*Sponsored.