Chinese stocks surged recently amidst anticipation of significant state intervention. While this may temporarily stabilize the market, it’s not cause for celebration. Instead, attention should be directed towards addressing deeper structural issues, particularly in the housing market. The rally in Chinese stocks, with the CSI 300 and CSI 1000 indexes posting substantial gains, was fueledContinue reading “A Stock Bailout Alone Won’t Fix China’s Woes”
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Warren Buffett’s Berkshire Hathaway Adjusts Apple Position Amid Market Speculation
Berkshire Hathaway, led by Warren Buffett, made strategic adjustments to its investment portfolio in the fourth quarter of 2023, notably trimming its flagship position in Apple. The conglomerate sold approximately 1% of its Apple shares during this period, reducing its ownership stake to 5.9%. Despite the reduction, Berkshire’s stake in the iPhone maker still holdsContinue reading “Warren Buffett’s Berkshire Hathaway Adjusts Apple Position Amid Market Speculation”
