Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating…

OMAHA, Nebraska — Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet. In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of…

Check out the companies making headlines in midday trading: Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . Apple also posted beats on the top and bottom lines, reporting fiscal second-quarter earnings of $1.53 per share on $90.75 billion in revenue. That topped analysts’ estimates…

Bill Stone, chief investment officer at Glenview Trust, has attended 20 Berkshire Hathaway annual shareholder meetings in Omaha, Nebraska. A longtime Warren Buffett disciple and a Berkshire shareholder since 1999, Stone’s own investing style has been inspired by the “Oracle of Omaha” — a value-oriented approach with an emphasis on the so-called margin of safety.…

Check out the companies making headlines before the bell. Hershey — Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. The company reported adjusted earnings of $3.07 per share, which came above the $2.76 per share analysts polled by LSEG had expected. Hershey’s $3.25 billion revenue also beat…

A logo outside a Societe Generale SA office building in central Paris, France, on Monday, Feb. 5, 2024.  Bloomberg | Bloomberg | Getty Images A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for…

Check out the companies making headlines in after-hours trading: Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. Apple’s fiscal second-quarter earnings came in at $1.53 per share, while revenue was $90.75 billion. That surpassed analysts’ estimates for earnings of $1.50 per share…

Check out the companies making headlines in midday trading: Apple — Shares ticked up roughly 2% ahead of the iPhone maker’s second-quarter results due after the closing bell. Peloton — Shares dropped 13% after the exercise equipment company announced Thursday that CEO Barry McCarthy will be stepping down and that the company will lay off…

Check out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about 400 employees. Once a pandemic darling,…

Check out the companies making headlines in extended trading: DoorDash — Shares of the food delivery company tumbled 13% after its first-quarter report revealed a wider-than-expected loss. DoorDash lost 6 cents per share on $2.51 billion in revenue. Analysts surveyed by LSEG were expecting a loss of 4 cents per share on $2.45 billion in…