The Rundown Buffett's Cash Pile Hits New Record, Apple Commits $500B Investment in U.S.
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Feb 24, 2025 The stock market faces tumultuous times with significant drops in the S&P 500 and Dow, as upcoming earnings loom large. Meanwhile, Berkshire Hathaway boasts a staggering $334 billion in cash reserves, prompting discussions about Warren Buffett's investment strategies. Apple plans a massive $500 billion investment in U.S. manufacturing, highlighting tech's influence on the market. A mix of financial insights and lighter commentary on Timothee Chalamet's Oscar odds adds a fun twist, reminding listeners of the personal stakes in their investments.
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Market Downturn
- The stock market experienced its worst day of the year on Friday, with major indices dropping significantly.
- This shift follows record highs earlier in the week, raising concerns about the economy.
Berkshire's Cash Position
- Berkshire Hathaway's cash pile reached a record $334 billion, prompting speculation about market conditions.
- The company hasn't repurchased shares for two quarters, suggesting that their stock is overvalued.
Apple's US Investment
- Apple announced a $500 billion investment in US chip and server manufacturing over the next four years.
- This move will create a factory in Houston, Texas for AI servers, previously manufactured overseas.