📈 Stocks / Finance

Berkshire Hathaway Boosts Cash Reserves as Buffett Trims Stock Holdings

CNBC

Berkshire Hathaway's cash reserves reached $325.2 billion in Q3, driven by Warren Buffett's sale of $36.1 billion in stock, including a significant reduction in Apple and Bank of America stakes. No share buybacks occurred, reflecting Buffett's cautious stance amid market uncertainty.

Nvidia Replaces Intel on Dow Jones Index

Yahoo Finance

Nvidia will replace Intel on the Dow Jones Industrial Average, reflecting a shift in the semiconductor industry. Intel, struggling with declining revenue and market share, has seen its stock drop 54% this year. Nvidia, valued at $3.32 trillion, has thrived due to its dominance in AI chips.

Mortgage rates near 6% provide housing stability

HousingWire

Home prices remain stable despite higher rates, as mortgage rates approaching 6% firmed sales data. Weekly purchase applications showed positive growth, though October's data had a low baseline. Price cuts also declined, indicating resilient home prices even with rising inventory levels.

🪙 Crypto

Bitcoin volatility hits 3-month high amid election uncertainty

CoinDesk

Deribit's bitcoin implied volatility index rose to 63.24%, the highest since July, ahead of the U.S. presidential election. BTC's seven-day implied volatility jumped to 74.4%, signaling elevated risk premiums. Treasury and EUR/USD markets also saw increased implied volatility, reflecting broader uncertainty.

🌎 Global Economy

WTO collapse could impact EU economy up to 4x more than US tariffs

IFW

A Kiel Institute study suggests a WTO breakdown could reduce EU GDP by over 0.5%, far exceeding the impact of US tariffs. Under a fragmented global economy, China could see a 6% GDP drop, while Germany might face a 3.2% reduction, showing significant EU vulnerability.

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