Berkshire Hathaway is a multinational conglomerate holding company led by renowned investor Warren Buffett. The company engages in a diverse range of business activities, including insurance, utilities, manufacturing, retail, and transportation. Its portfolio encompasses a variety of wholly-owned businesses and significant stakes in well-known companies across multiple sectors, making it one of the largest and most influential companies in the world. Berkshire Hathaway is known for its value-oriented investment approach and has a reputation for generating substantial long-term returns for its shareholders. Read More
Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA)
jumped 11.8% in the morning session after the company reported an impressive "beat and raise" quarter. Ulta blew past analysts' sales, EPS and EBITDA expectations during the quarter (Q1 2025).
Something is shifting. The world’s most seasoned investors are making an uncommon move — pulling out of markets and stockpiling cash at unprecedented levels. Warren Buffett is sitting on a historic $348 billion cash pile. Mark Mobius has 95% of his fund in cash. Stanley Druckenmiller has offloaded more than $2.5 billion in equities. This isn't routine caution — it's coordinated retreat.
The No. 1 position for the California Public Employees' Retirement System (CalPERS) hasn't lost money on a rolling 20-year basis dating back more than a century.
Viking Global Investors' billionaire chief sold the most fundamentally attractive member of the Magnificent Seven in favor of a trio of foundational artificial intelligence (AI) stocks.
