The Australian sharemarket resumed its downtrend to close firmly in the red, dragged down by miners and banks, marking the sixth day of losses out of the past seven.

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Warren Buffett, through his conglomerate Berkshire Hathaway (BRK.A-0.33%) (BRK.B-0.19%) was a huge net seller of stocks. The Oracle of Omaha took a hacksaw to his two largest stakes in Apple and Bank of America,

Berkshire Hathaway‘s fourth-quarter operating earnings surge 71%, Apple plans to spend more than $500 billion in the U.S. over the next four years, Alibaba plans to invest more than $52 billion on artificial intelligence over the next three years,

Top blue chip stocks like Apple and Berkshire Hathaway dominate their industries with continuous growth. Investing in blue chip stocks is beneficial for long-term growth and diversifying ...

Investors typically own stock in Berkshire Hathaway (NYSE: BRK.B) (NYSE: BRK.A) to invest alongside Warren Buffett, Berkshire's CEO, who is considered one of the world's best investors. In addition, he also decided once again not to repurchase any Berkshire stock last quarter despite his cash stockpile continuing to grow.

Warren Buffett's Berkshire Hathaway nearly doubled its cash pile to $334 billion, sold a net $134 billion of stocks, and paid $26.8 billion to the IRS.

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Apple also said it was committed to expanding its data centers across the U.S. Berkshire Hathaway (BRK.B) offloaded more equities last quarter, expanding its record cash reserves to $334 billion.

The iPhone maker earmarked over $500 billion to expand in the U.S. It intends to create 20,000 jobs and open a factory in Houston to make AI serve