Warren Buffett’s Berkshire Hathaway continues to signal market caution, selling more stocks than it bought for the 12th consecutive quarter, swelling its cash pile to a record $381.7 billion. Despite strong operating profits, the company’s sustained defensive stance and lack of share buybacks suggest limited near-term upside, even as Warren Buffett prepares to step down as CEO.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.