According to Huoxun Finance, Berkshire Hathaway's cash reserves reached a record high of $397 billion in its first quarter as CEO, Greg Abel's first quarter. The company's cash reserves had slightly decreased at the end of last year, but increased significantly in the first quarter of this year due to net sales of $8.1 billion in shares. Berkshire Hathaway A reported first-quarter 2026 revenue of $93.675 billion, higher than $89.725 billion in the same period last year and market expectations of $89.274 billion; net income was $10.106 billion, higher than $4.603 billion in the same period last year, but lower than market expectations of $11.762 billion. As of the end of the first quarter, the fair value of its fixed-income securities investments was $17.669 billion, compared to $17.816 billion in the same period last year. Warren Buffett has consistently viewed cash as a "necessary but not ideal asset," comparing it to oxygen. He believes it's indispensable for businesses but not an ideal investment, emphasizing that Berkshire Hathaway doesn't prefer cash equivalents over quality businesses; cash is merely a reserve for waiting for "super good opportunities." When market valuations are high and attractive targets are lacking, he prefers to hold cash rather than invest rashly, but he will quickly utilize it when an exceptional opportunity arises. Cash can provide safe returns under high interest rates, but in the long run, it doesn't offer the same returns as investing in excellent companies. Meanwhile, despite the recent record highs of the S&P 500 and Nasdaq, the market still harbors multiple risks, and valuations are at historically high levels. As of April, the S&P 500's trailing P/E ratio was approximately 24, significantly higher than the historical average of 16, while the Shiller P/E ratio exceeded 37, approaching levels seen during the dot-com bubble. This coexistence of high valuations and high expectations leaves the market with very little room for error. The current rise in US stocks relies on optimistic assumptions such as AI-driven earnings, declining inflation, lower interest rates, and manageable risks; any deviation from these factors could trigger significant market volatility.

Odaily Planet Daily reports that Mediterranean Shipping Company (MSC) plans to launch a new service connecting Europe with isolated Middle Eastern ports via land transport through Saudi Arabia and small vessels in the Persian Gulf. The service will depart from Antwerp on May 10, stopping at Germany, Italy, Lithuania, Spain, Jeddah, and King Abdullah Port before arriving in Dammam by truck. From Dammam, feeder vessels will connect to maritime gateways such as Abu Dhabi, Dubai's Jebel Ali, and Bahrain, Iraq, and Kuwait. (Jinshi)

According to Odaily Planet Daily, Berkshire Hathaway's cash reserves jumped to a record high of $397 billion in its first quarter as CEO, according to Greg Abel. The company's cash reserves declined slightly at the end of last year but increased significantly in the first quarter due to net sales of $8.1 billion in stock during that period. (Jinshi)

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According to Huoxun Finance, an article published by "The Fed's Mouthpiece" points out that three regional Fed presidents—Lorie Logan of Dallas, Neel Kashkari of Minneapolis, and another—oppose retaining the phrase "the next step is more likely to be a rate cut" in this week's policy meeting, believing that the next interest rate adjustment could be either a rate hike or a rate cut. Outgoing Fed Chairman Jerome Powell stated that the committee is gradually shifting from a "rate-cutting bias" to a "neutral stance," and indicated that if a rate hike is needed in the future, the Fed will first shift to a neutral stance before signaling a rate hike. Analysts believe that the internal discussion within the Fed regarding the interest rate path has clearly shifted; the current focus is no longer on when to resume rate cuts, but rather on under what conditions a rate hike might be necessary. This is a rare instance of disagreement regarding the direction of policy since the Fed began issuing policy statements in 1994.