Billionaire investor Warren Buffett’s conglomerate Berkshire Hathaway has sold nearly $1 billion worth of shares in Bank of America in the past week.
Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates.
Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.