AI Hype, Apple Sell-Off, Bitcoin Dips Amid Trump Odds (+6 more stories)

The Daily Business and Finance Show - Saturday, 3 August 2024 We get our business and finance news from Seeking Alpha and you should too! Subscribe to Seeking Alpha Premium for more in-depth market news and help support this podcast. Free for 14-days! Please click here for more info: Subscribe to Seeking Alpha Premium News Today's headlines: Nvidia is in a bubble and the AI theme is “overhyped” - Elliott Management Buffett's Berkshire Hathaway cuts massive Apple stake by nearly 50% in Q2 Bitcoin set to fall on weekly basis as Trump's victory odds slide S&P 500 slides 2% for the week as narrative shifts to fears over hard landing, recession Sell stocks at the first Fed rate cut as U.S. hard landing risks are rising - BofA Berkshire Hathaway Q2 operating earnings +15.5% Y/Y, cash hits record $276.94B Market uncertainty spikes as the VIX pops to its highest level since March 2023 Trump proposes Fox News debate with Harris on Sept. 4 Berkshire operating earnings growth slows on BNSF, energy softness, lower investment gains Explanations from OpenAI ChatGPT API with proprietary prompts. This podcast provides information only and should not be construed as financial or business advice. This podcast is produced by Klassic Studios Learn more about your ad choices. Visit megaphone.fm/adchoices