News

Berkshire Hathaway's cash pile swelled to a record $276.9 billion as Warren Buffett continued dumping his one-time favorite Apple stake.

The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.

The move from Morgan Stanley, one of the world's largest wealth management firms, is the latest sign of the adoption of bitcoin by mainstream finance.

Hiring in the U.S. slowed significantly last month with information and financial sectors leading the job losses.

Berkshire Hathaway dumped a total of 19.2 million BofA shares over the past three days for almost $779 million, according to a new regulatory filing.

MAS said one goal will be to identify methods for encouraging participation, including from capital market intermediaries, investors and listed companies. 

These are the stocks posting the largest moves in extended trading.

Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in June.

The wealth management industry has long feared a future where human advisors are no longer necessary, and that possibility seems closer with generative AI.

This week's Federal Reserve meeting is not much about the present but potentially very much about the future.

Over the past nine trading sessions, Berkshire has cut its BofA stake by 71.2 million shares with just over $3 billion of sales.