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Why This High-Yield Warren Buffett Stock Is Falling This Week
Since last Friday, shares of the digital audio company Sirius XM Holdings (NASDAQ: SIRI) are now trading 13.5% lower as of 1:52 p.m. ET Thursday. Sirius, a stock Warren Buffett's Berkshire Hathaway has been piling into, fell after the company's chief financial officer (CFO) spoke about concerns for the sector.At an industry event Tuesday, CFO Tom Barry made several comments about how tariffs, inflation, and other uncertainties have started to affect ad spending, which is a big driver of revenue at the company:Continue reading
Since last Friday, shares of the digital audio company Sirius XM Holdings (NASDAQ: SIRI) are now trading 13.5% lower as of 1:52 p.m. ET Thursday. Sirius, a stock Warren Buffett's Berkshire Hathaway has been piling into, fell after the company's chief financial officer (CFO) spoke about concerns for the sector.
At an industry event Tuesday, CFO Tom Barry made several comments about how tariffs, inflation, and other uncertainties have started to affect ad spending, which is a big driver of revenue at the company:
