What’s going on? Berkshire Hathaway (Warren Buffett’s investment firm) was revealed to have sold off some of its Apple stock and quietly bought into three other companies. What does that mean? Berkshire Hathaway was selling off some of its stake in Apple, holding on to “just” $120b worth; it also recently sold stakes in JPMorgan…
Tag: Wells Fargo
Ep 87: Step Right Up
What’s going on? US investment bank JPMorgan Chase proved its strength and won a prize when it announced financial results: its 2019 was the most profitable year for any US bank ever. What does this mean? JPMorgan reported a 21% surge in profit last quarter: largely driven by a 56% increase in trading revenue. Bond trading was…
with HT 