Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has exited positions and sold its stakes in several companies like General Motors (GM) and Johnson & Johnson (JNJ) that recently underwent or announced new business ventures. Meanwhile, Apple (APPL), Bank of America (BAC), and American Express (AXP) continue to stand as Berkshire's top holdings. Yahoo Finance's Seana Smith and Brad Smith analyze Berkshire Hathaway's portfolio adjustments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has exited positions and sold its stakes in several companies like General Motors (GM) and Johnson & Johnson (JNJ) that recently underwent or announced new business ventures. Meanwhile, Apple (APPL), Bank of America (BAC), and American Express (AXP) continue to stand as Berkshire's top holdings.
Yahoo Finance's Seana Smith and Brad Smith analyze Berkshire Hathaway's portfolio adjustments.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
There’s no secret that markets experienced a decline from August to October, but November has proven to be a fruitful period for investors. The S&P 500 has surged by 7% this month, while the tech-focused Nasdaq has shown even stronger growth, with gains of approximately 10%. Watching the scene from Bank of America, chief investment strategist Michael Hartnett believes that there are compelling reasons to remain optimistic about the near-term outlook. Noting that investors have been worried about
The Wall Street Journal
Schwab’s integration of TD Ameritrade customers continues to weigh on its asset growth. Clients from TD Ameritrade pulled a net $4.8 billion of core assets in October, according to the company’s monthly report released Tuesday. All other Schwab customers added a net $16.1 billion.
Barrons.com
The stock market is getting a jolt from the inflation report. All three major U.S. stock indexes jumped more than 1% Tuesday morning, with the coming close to a 2% gain. With the Federal Reserve’s goal to bring inflation to 2%, Tuesday’s numbers solidify the expectation that the central bank can keep interest rates steady, instead of further increases to cool the economy.
Barrons.com
Attrition of TD Ameritrade customers continued to take a toll on Charles Schwab which reported core net new assets fell in October to $11.3 billion, a sizable drop from the recent past. Schwab (ticker: SCHW) said the drop in net new assets was due to attrition of TD Ameritrade customers as well as delayed tax disbursements by clients in certain states such as California. The company has been migrating TD Ameritrade customers and advisors to its platform this year.
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