Market movement: Berkshire Hathaway offloads $6 billion in stocks; global markets read caution signal
Berkshire Hathaway is holding on to more cash than ever, highlighting a cautious stance in the equity markets even as the company posts strong quarterly earnings.The conglomerate, led by Warren Buffett, reported that its cash balance has reached $381.7 billion, the highest in the firm’s history. The figure swelled further after the company continued to offload shares instead of buying them.In the quarter ending September, Berkshire sold around $12.4 billion worth of stocks and bought approximately $6.4 billion, according to Barron’s. At present, Berkshire’s equity portfolio is valued at roughly $283 billion.The activity made the company a net seller by $6 billion for the period, extending a pattern first seen in early 2022. It…
