In the current volatile market conditions, investors are advised to consider bonds as a strategic investment option to navigate through uncertain times. Joanna Gallegos, the co-founder and CEO of BondBloxx, recommends focusing on income and high-yield bonds. She emphasizes the importance of delving into fixed income to enhance diversification and manage risks effectively. According to
Global Finance
Warren Buffett’s Berkshire Hathaway has been consistently selling off Bank of America shares, with a significant divestment of 19.2 million shares over a three-day period, totaling nearly $779 million. This recent selling spree marks the 12th consecutive day of sales, surpassing $3.8 billion in total. The conglomerate’s remaining stake, consisting of 942.4 million shares, is
The Monetary Authority of Singapore recently established a task force aimed at bolstering the city-state’s stock market. The review group’s primary goal is to evaluate measures to enhance the vibrancy of the Singapore equities market. This initiative is essential for addressing market challenges, fostering listings, and facilitating market revitalization. Additionally, the MAS aims to enhance
PortfolioPilot, an automated financial advisor, has managed to accumulate an impressive $20 billion in assets within a short period of time. Started by Alexander Harmsen, co-founder of Global Predictions, this service has witnessed a surge in users since its inception two years ago. Thanks to recent investments from Morado Ventures and the NEA Angel Fund,
In the last quarter, Berkshire Hathaway’s cash pile reached a record high of $276.9 billion, marking a significant increase from the previous record of $189 billion set in the first quarter of 2024. This surge in cash reserves was primarily driven by Warren Buffett’s decision to offload large portions of stock holdings, with Apple being
In a groundbreaking move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to select clients. This decision marks a significant shift in the world of wealth management, as it makes Morgan Stanley the first major Wall Street bank to take such a bold step. With approximately 15,000 financial
Warren Buffett’s Berkshire Hathaway has been making headlines due to its massive cash pile, which is projected to exceed $200 billion. This amount is more than Hungary’s entire annual GDP, highlighting the scale of Berkshire Hathaway’s reserve. It is reported that Buffett has been selling off some of his favorite stocks, including Apple and Bank
Apple managed to surpass analysts’ estimates in the fiscal third-quarter earnings report. The tech giant reported $1.40 per share, outperforming the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. These positive results led to a slight increase in the stock price during extended trading. On the flip side, Intel faced
Following the Federal Reserve’s recent meeting, officials decided to keep short-term interest rates steady. However, there were indications that inflation is closer to its target, possibly paving the way for future interest rate cuts. Despite this, the central bankers did not make any explicit statements suggesting an imminent reduction. They maintained their stance on economic
Warren Buffett’s Berkshire Hathaway has been on a selling streak, particularly with its Bank of America stake. This streak has now extended to nine straight days, raising questions about Buffett’s motives in trimming this long-time holding. The recent regulatory filing revealed that Berkshire sold a total of 18.4 million shares of the bank over the
The cryptocurrency markets have witnessed a significant milestone this week as spot ether exchange-traded funds have made their debut. Among the notable players in this development is Franklin Templeton, one of the nine spot ether ETF applicants that received approval from the Securities and Exchange Commission on Tuesday. The Franklin Ethereum ETF (EZET) has experienced
In recent weeks, Berkshire Hathaway, led by Warren Buffett, has been on a selling spree when it comes to its stake in Bank of America. Over the course of six trading days, the conglomerate has sold millions of shares of the bank, totaling billions of dollars. One possible reason for this sell-off could be valuation