Berkshire Hathaway Slashes Amazon Stake
Bloomberg Intelligence18 Helmi

Berkshire Hathaway Slashes Amazon Stake


Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.

Market news and in-depth company research.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

- Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance, discusses Warren Buffett's last quarter as Berkshire Hathaway's CEO reflecting a bearish sentiment. The conglomerate cut its Amazon stake by 75%.

- Ryan Vlastelica, Bloomberg News Equities Reporter, discusses how Apple's correlation to the Nasdaq 100 Index has tumbled to 0.21, its lowest since 2006, as the company's decision to mostly sit out the AI arms race has turned it into an outlier.

-Randall Williams, Bloomberg Business of Sports Reporter, discusses Madison Square Garden Sports board of directors approving a plan to explore spinning off the NBA’s New York Knicks and NHL’s New York Rangers’ business, to create two publicly traded companies.

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses top tech stories. Meta Platforms has agreed to deploy "millions" of Nvidia processors over the next few years, tightening its relationship with Nvidia in the artificial intelligence industry. Separately, Uber Technologies Inc. is planning to spend more than $100 million to build fast-charging, autonomous-vehicle charging stations in the US.

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