Berkshire trails S&P by widest margin this year as Apple sale costs Warren Buffett billions

Berkshire Hathaway is trailing the S&P 500 by its widest gap this year, as Warren Buffett’s move to significantly trim the conglomerate’s Apple holdings continues to pressure performance, even as Berkshire’s shares rebound from summer lows. Class B shares have climbed 7.2% since their August 4 low of $459.11, partially recovering a nearly 15% drop. Year to date, Class B and A shares are up 8.6% and 8.5%, respectively.

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FPIs withdraw Rs 48,056 cr from D-St in Oct

Foreign investors withdrew significant funds from Indian equities in October amid concerns over inflation and crude oil prices. Despite this, there were signs of moderation