Bloomberg Daybreak: US Edition

Global Market Selloff Intensifies; Buffett Trims Apple Stake

Aug 5, 2024
Global stock markets are in a tailspin, with major indices facing significant losses. Investors are bracing for an emergency rate cut by the Fed as treasuries see a spike. Berkshire Hathaway has dramatically reduced its stake in Apple, selling nearly half, raising eyebrows about the tech giant's future. The tumult reflects broader concerns about economic downturns and geopolitical tensions influencing market sentiment. Stay tuned for insights and trends that could shape your financial strategies.
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