Investor Warren Buffett’s company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.

Berkshire Hathaway has steadily sold off 116 million Bank of America shares since July. But it still controls nearly 12% of the stock in the bank based in Charlotte, North Carolina.

After the sale was disclosed, Berkshire’s Class A stock — already the most expensive stock on Wall Street — gained $7,184.62 Wednesday to sell for $698,534.62.

Buffett raised eyebrows earlier this month when he revealed he had halved his Apple investment and in the process built up a record $277 billion cash pile as of June 30. Berkshire’s cash has only grown since then with the Bank of America stock sales and all the earnings from the assortment of dozens of companies it owns, including BNSF railroad, Geico insurance, a collection of utilities and a bunch of retail and manufacturing businesses.

Palin lawsuit against NYT revived

A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating.

The 2nd U.S. Circuit Court of Appeals in Manhattan wrote that Judge Jed S. Rakoff’s decision in February 2022 to dismiss the lawsuit mid-deliberations improperly intruded on the jury’s work.

The libel lawsuit by Palin, a onetime Republican vice presidential candidate and former governor of Alaska, centered on the newspaper’s 2017 editorial falsely linking her campaign rhetoric to a mass shooting, which Palin asserted damaged her reputation and career.