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Houston Life: Watch The Latest Show

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WARREN BUFFETT


Marie Osmond says her kids won't get an inheritance

Singer and TV star claims inheriting money encourages "laziness and entitlement," saying she plans to spend her cash.

cbsnews.com

Marie Osmond says her kids won't get an inheritance

Singer and TV star claims inheriting money encourages "laziness and entitlement," saying she plans to spend her cash.

cbsnews.com

Buffett's firm keeps selling BYD shares despite past praise

Warren Buffett's company continues selling off its BYD shares despite the positive comments he made in the past about the Chinese electric car maker, but Berkshire Hathaway remains a major shareholder.

China's moonwalking Yangwang U8 SUV has the moves

The Yangwang U8 luxury electric SUV from Chinese automaker BYD has four electric motors that can be used to allow it to drive sideways in a demonstration.

foxnews.com

Bill Gates made 2022's biggest charitable donation

Bill Gates topped The Chronicle of Philanthropyโ€™s annual list of the 10 largest charitable gifts announced by individuals or their foundations in 2022.

Trump's federal tax returns are released: Here's what we know

Friday marks the end of the long legal battle to get Trump's tax returns to the public.

cbsnews.com

Warren Buffett has no desire for planned streetcars in his hometown of Omaha

The billionaire investor broke with his practice of staying out of local politics to urge his hometown to abandon the project because, he says, it's too expensive and not as flexible as buses.

cbsnews.com

Warren Buffett jumps into local politics to fight streetcar

Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses.

Warren Buffett jumps into local politics to fight streetcar

Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses. Buffett wrote a letter to the editor of the Omaha World-Herald and met with the mayor this week to lobby against the $306 million project and urge the city to let residents vote on it. Buffett said in his letter that he decided to make an exception to his policy of staying out of local issues even though โ€œit can be off-putting to many to have a wealthy 92-year-old tell them what is good for their future.โ€

news.yahoo.com

5 books to help you be smarter and more successful at work from Warren Buffett, Bill Gates, and more

Consider adding these inspiring titles, recommended by leaders like Warren Buffett, Bill Gates, Adam Grant, and Brenรฉ Brown, to your winter reading list.

cnbc.com

Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be'

The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations.

cnbc.com

Final goodbye: Recalling influential people who died in 2022

One would have to go back hundreds of years to find a monarch who reigned longer than Queen Elizabeth II.

Buffett donates over $750 million to his family charities

Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday.

'Momentous:' US advances largest dam demolition in history

U.S. regulators approved a plan to demolish four dams on a California river and open up hundreds of miles of salmon habitat that would be the largest dam removal and river restoration project in the world when it goes forward.

Stocks making the biggest moves after hours: Taiwan Semiconductor, Paramount Global and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Buffett's firm cuts stakes U.S. Bank, BYD; adds chip maker

Warren Buffett's company slashed its stake in U.S. Bank's parent company in the third quarter and also sold shares in Chinese electric car maker BYD.

Buffett's firm cuts stakes in U.S. Bank and EV maker BYD

Warren Buffett's company revealed that it had cut its holdings in U.S. Bank's parent company and in Chinese electric car maker BYD ahead of offering a full update on its stock portfolio Monday. Berkshire Hathaway said in filings with the SEC and Hong Kong stock exchanges that it had sold off a significant amount of U.S. Bancorp and BYD stock in recent weeks. Many investors follow Berkshire's moves closely because of Buffett's remarkably successful track record over the decades.

news.yahoo.com

Jeff Bezos says he will give away most of his fortune

Amazon founder Jeff Bezos said in an interview with CNN that he will give away the majority of his wealth during his lifetime.

Bankman-Fried Needs a Crypto Miracle to Rescue FTX

The slumpย in virtual currencies will deter potential saviorsย of the collapsed exchange.

washingtonpost.com

Rich people don't have a 'lottery mindset,' says CEOโ€”here are 3 things millionaires do differently

"Wealthy people don't have a 'lottery mindset,'" says CEO and podcaster Trey Lockerbie, who has interviewed more than 100 millionaires. Here's what he learned about how the world's richest people achieve financial success.

cnbc.com

Berkshire Hathaway's operating earnings jump 20%, conglomerate buys back another $1 billion in stock

Berkshire Hathaway posted a solid gain in operating profits during the third quarter despite rising recession fears.

cnbc.com

Buffett's conglomerate closes $11.6B Alleghany insurance buy

Warren Buffett's conglomerate has completed its largest acquisition in years with its $11.6 billion purchase of the Alleghany insurance conglomerate.

Gates Foundation boosts GivingTuesday with $10M donation

The Bill & Melinda Gates Foundation donated $10 million to the organization that grew out of the hashtag #GivingTuesday in part to fund a database of charitable giving and other acts of generosity.

Warren Buffett-backed BYD pops more than 5% after Chinese EV maker forecasts surging profits

BYD, which is backed by Warren Buffett, said sales volumes of its new energy vehicles, which include electric cars, "continued to reach record highs."

cnbc.com

Buffett's successor buys nearly $70M of Berkshire stock

Billionaire Warren Buffettโ€™s successor bought nearly $70 million worth of stock in the conglomerate he is slated to one day lead.

Billionaire Warren Buffett swears by this inexpensive investing strategy that anyone can try

No one can pinpoint the exact date when it became clear that investing in index funds had won out over investing in active management, but Warren Buffett declaring it to be so is certainly a pivotal moment.

cnbc.com

How Gautam Adani became the world's fourth richest person while billionaires like Jeff Bezos lost tens of billions

In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind Jeff Bezos and Bernard Arnault as No. 4.

cnbc.com

Credit Suisse Could Look to Warren Buffett for Ideas

After a lost decade, the Swiss bankโ€™s road to revival is littered with potholes

washingtonpost.com

New minimum tax will hit Berkshire Hathaway and Amazon hardest, study shows

The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.

cnbc.com

After climate bill passage, WVa natural gas plant unveiled

A Maryland company says it will build a natural gas power plant designed to capture climate-changing carbon in West Virginia.

Warren Buffett's portrait, complete with his autograph, just sold for over $75,000 at a charity auction

Billionaire Warren Buffett's autographed portrait from art tech company Motiva was auctioned off on eBay this week, with proceeds going to nonprofit Girls Inc.

cnbc.com

BYD plunges after Buffett trims his stake; one fund manager says it could be a warning sign

Shares of Chinese EV maker BYD tumble after Warren Buffett says he's trimming his stake โ€“ fund manager says there's more to come

cnbc.com

Buffett's company trims its stake in Chinese EV maker BYD

Warren Buffett's company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value.

For Buffett-Backed BYD, Getting to the Top Spot Isnโ€™t Easy

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

washingtonpost.com

Electric-Vehicle Leader BYD Has a Battery-Cost Problem

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

washingtonpost.com

For Buffett-Backed BYD, Getting to the Top Spot Isnโ€™t Easy

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

washingtonpost.com

Bids for signed Warren Buffett portrait already top $30,000

Billionaire Warren Buffett is auctioning off a high-tech signed portrait of himself to raise money for one of his favorite charities, and the bidding has already topped $30,000.

Buffett's company likely to add to its stake in Occidental

Warren Buffettโ€™s company now has clearance to boost its current 20% stake in Occidental Petroleum up to 50% of the oil producer.

Buying Occidental Isnโ€™t Warren Buffettโ€™s Only Option

The Berkshire Hathaway CEO has multiple ways to benefit from his stake in the oil company.

washingtonpost.com

Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares

Warren Buffett's Berkshire Hathaway received permission to purchase up to 50% of oil giant Occidental Petroleum.

cnbc.com

Gates Foundation adds Gayle, Dhawan as independent trustees

As the Bill & Melinda Gates Foundation works to expand its governance, it announced Thursday that it has added two trustees to its board.

Try this Warren Buffett advice if you're scared to invest, says 28-year-old former stock trader on track to earn $1 million this year

Lauren Simmons gives her advice on how to get started with investing in the stock market if you're scared. She also shares insight on the best time to invest.

cnbc.com

Buffett Made Occidental the Kind of Company He Can Love

He showed up with $10 billion at a critical moment, and now clearly expects oil and gas prices to remain healthy enough to support his investment.

washingtonpost.com

Buffett's firm buys more Apple shares while betting on oil

Warren Buffettโ€™s company bet more on high-tech darling Apple during the second quarter.

Buffett's firm buys more Apple, Amazon while betting on oil

Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshireโ€™s investments closely because of Buffettโ€™s remarkably successful track record over the decades.

news.yahoo.com

Rakesh Jhunjhunwala, nicknamed India's Warren Buffett, dies at 62

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off with capital of just 5,000 rupees ($63).

npr.org

Veteran Indian investor Rakesh Jhunjhunwala dies at 62

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed Indiaโ€™s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported.

Warren Buffett's company has bet $47B on the oil sector

Warren Buffettโ€™s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer.

Buffett's firm reports $44B loss but its businesses thrive

Warren Buffettโ€™s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted.

Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

Berkshire Hathaway's operating profits jumped in the second quarter despite fears of slowing growth.

cnbc.com

Democrats want to close a "stain" of a tax break. Some say it's not enough.

Inflation Reduction Act would narrow the "carried-interest" loophole, but experts say wealthy fund managers may find a way around it.

cbsnews.com

Dolly Parton among Carnegie Medal of Philanthropy winners

Country superstar Dolly Parton is among the 2022 Carnegie Medal of Philanthropy recipients.

Watchdog head: Fines may not stop bad behavior by companies

The head of the nationโ€™s financial watchdog is having second thoughts about using fines to deter illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference.

Mortgage lender owned by Warren Buffett accused of housing discrimination

Trident Mortgage illegally blocked people of color from access to home loans, Justice Department alleges.

cbsnews.com

DOJ: Buffett company discriminated against Black homebuyers

The Justice Department says a Pennsylvania mortgage company owned by billionaire businessman Warren Buffett's company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware.

Introverts are 'routinely passed up' for promotionsโ€”but have 3 traits that can make great leaders, says best-selling author Susan Cain

Introverts are often stereotyped as shy, quiet and reserved โ€” and overlooked for leadership roles as a result. Best-selling author Susan Cain says that's a mistake.

cnbc.com

Did Buffett and Munger See BYDโ€™s One Problem?

The billionaire investors have shown a knack for getting in at the right moment. If confirmed, this move may show theyโ€™re also experts at bowing out.

washingtonpost.com

Bill Gates gives $20 billion to stem 'significant suffering'

Bill Gates, concerned about the โ€œsignificant sufferingโ€ caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending.

Bill Gates gives $20 billion to stem 'significant suffering'

Bill Gates, concerned about the โ€œsignificant sufferingโ€ caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett's $3.1 billion gift last month, brings The Bill and Melinda Gates Foundation's endowment to approximately $70 billion, making it one of the largest, if not the largest in the world, depending on daily stock valuations. In an essay on the foundation's website, Bill Gates said he hopes โ€œothers in positions of great wealth and privilege will step up in this moment too.โ€

news.yahoo.com

Crypto Is Not Too Big To Fail, Even With Help From FTX

The billionaire-run platformโ€™s support forย distressed peersย looks more like a sticking plaster than a credible backstop.

washingtonpost.com

Warren Buffett's final charity lunch draws record $19M bid

An anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffet at a steakhouse in New York City.

Stocks making the biggest moves midday: Astra Space, Amazon, Revlon, Prologis & more

Check out the companies making headlines in midday trading.

cnbc.com

Early bids for final charity lunch with Buffett top $2.3M

Bidding for a final, private lunch with Warren Buffett, an event that has raised tens of millions for a California charity, has already reached $2.3 million. It will be the first private lunch offered with the billionaire since a record-setting bid in 2019. The past two auctions were called off due to the pandemic and Buffett said this will be the last.

news.yahoo.com

Warren Buffettโ€™s son donates $2.7 million for Ukraine aid after meeting with Zelenskyy

Howard Buffett is donating millions of dollars from his foundation in support of Ukraine after meeting with President Volodymyr Zelenskyy.

cnbc.com

Buffett disciple Mohnish Pabrai names his 2 favorite investing books right now

Mohnish Pabrai, who is a disciple of billionaire Warren Buffett, shares his market outlook, his playbook on what to buy, what to avoid and what to read.

cnbc.com

Warren Buffett, Jack Bogle and financial planners agree: When stocks are down, 'don't watch the market closely'

While many investors may be wondering what to do in such a tumultuous market, Warren Buffett says the answer is simple: Try not to worry too much about it.

cnbc.com

Paramount shares jump 10% after Buffett's Berkshire reveals new stake

Berkshire bought 68.9 million shares of Paramount to build a stake worth $2.6 billion as of the end of March, according to a regulatory filing released Monday.

cnbc.com

Citigroup shares jump 5% after Warren Buffett reveals a near $3 billion stake in the struggling bank

A filing revealed that Buffett's Berkshire Hathaway added more than 55 million shares to build a stake worth $2.95 billion as of the end of March.

cnbc.com

Buffett's firm reveals new stakes in Paramount, Citigroup

Warren Buffettโ€™s company has revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.

California moves to embrace cryptocurrency and regulate it

California is the first state to formally begin examining how to broadly adapt to cryptocurrency and related technologies, following a path laid out by President Joe Biden in March.

Warren Buffett on the investing strategy 'you can learn in the fourth grade,' but is 'not taught in schools'

At Berkshire Hathaway's annual shareholder's meeting, CEO Warren Buffett said he prioritizes getting his money's worth from investment, instead of dwelling on timing.

cnbc.com

Warren Buffett says 'monkeys' could do as good a job investing as Wall Street financial advisors

Buffett calls investing a "simple game" that Wall Street financial advisors have convinced the public is harder than it really is.

cnbc.com

Elon Musk tweeted his best investing adviceโ€”and it sounds a lot like Warren Buffett's strategy

Tesla CEO Elon Musk tweeted investment advice that sounds a lot like the principles of value investing, as popularized by legendary investor Warren Buffett.

cnbc.com

Warren Buffett wouldn't buy 'all of the bitcoin in the world' for $25: 'It doesn't produce anything'

Buffett didn't mince his words when he was asked if he had changed his famously negative views on bitcoin or crypto.

cnbc.com

When inflation is high, Warren Buffett says the best thing you can do is 'be exceptionally good at something'

There is little that individuals can do to avoid inflation at the cash register, but Buffett says that it is possible to protect against its effects.

cnbc.com

One Reason for Warren Buffettโ€™s Success May Not Outlast Him

The CEOโ€™s ability to move quickly has been key to building his Berkshire Hathaway empire, but he probably wonโ€™t be able to pass that luxury on to his successor.

washingtonpost.com

Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play.

cnbc.com

Warren Buffett tells shareholders about spending $51 billion

Warren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone.

Thousands likely at Buffett's meeting but not all are happy

Tens of thousands of people are expected to pack an Omaha arena Saturday for Warren Buffettโ€™s Berkshire Hathawayโ€™s annual meeting.

Buffett to auction off one last private lunch for charity

The worldโ€™s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time.

Charlie Rose reemerges with first interview since firings

Journalist Charlie Rose has reemerged by posting an interview with investor Warren Buffett on his website โ€” Rose's first public work since his career imploded in November 2017 after sexual misconduct charges.

News publisher Lee faces renewed pressure from hedge funds

Newspaper publisher Lee Enterprises is facing renewed pressure from a hedge fund to speed up its transition to digital publishing and consider adding new digital-savvy leaders to its board.

Wall Street falls to first down week in four on rate worries

Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation.

Warren Buffett buying spree goes on, HP soars on 11.5% stake

Shares of HP gained nearly 15% after Warren Buffett's company snapped up 11.5% of the company that makes printers and computers over the past week in another uncharacteristic investment for the billionaire in a tech company.

EXPLAINER: How would billionaire income tax work?

The โ€œBillionaire Minimum Income Taxโ€ included in President Joe Biden's proposed budget is part of the administrationโ€™s effort to reduce the federal deficit.

Berkshire's $11.6B Alleghany deal expands insurance business

Warren Buffettโ€™s Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately $11.6 billion.

Buffett still wants deals but can't find any attractive ones

Billionaire Warren Buffett says his company has benefited from some โ€œextraordinary luckโ€ in finding acquisitions, but he hasnโ€™t had much of that in recent years as Berkshire Hathawayโ€™s cash pile has grown to nearly $147 billion.

Biden wants to cut into China's electric battery dominance

President Joe Biden highlighted his efforts to counter Chinaโ€™s dominance of the electric battery market as he touted domestic efforts to mine and process lithium and rare metals.

Abortion rights funds brace for impact ahead of court ruling

Funds that raise money to aid women get abortions say they would need more donations this year if the U.S. Supreme Court makes seismic changes to the nationwide right to abortion.

Buffett's firm scores big with stake in Activision Blizzard

Warren Buffettโ€™s company placed a rare bet on a technology company late last year and it has already paid off in a big way.

Gates Foundation expands board following Bill, Melinda split

The Bill and Melinda Gates Foundation announced Wednesday it will add four new members to its board of trustees.

Giving Pledge adds 14 billionaires to philanthropist list

The Giving Pledge announced Tuesday that 14 more billionaires, including the CEOs of DoorDash and Pinterest, had promised in 2021 to donate more than half their fortunes, bringing the total to 231 philanthropists from 28 countries.

Lee Enterprises rejects takeover bid from Alden hedge fund

Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs.

Gates, French Gates offer post-divorce philanthropic plans

Bill Gates and Melinda French Gates say they will still work with the Giving Pledge.

Bezos makes gifts to Obama foundation and NYU medical center

Former President Barack Obamaโ€™s foundation announced that it has received a $100 million donation from Amazon founder Jeff Bezos, which it says is the largest individual contribution it has received to date.

Buffett's firm trims drugmaker stakes, buys 2 new stocks

Investor Warren Buffettโ€™s company made two new investments during the third quarter while trimming its holdings in several drugmakers and financial firms.

Profit plummets at Buffett's company on investment gains

Warren Buffettโ€™s company reported a third-quarter profit that was roughly one-third the amount of last yearโ€™s profit because of much smaller paper gains on the value of its investments, but most of its businesses were continuing to recover from the effects of the pandemic.

'Stupid' and 'insane': Some billionaires vent over tax plan

Elon Musk isnโ€™t happy.

EXPLAINER: What's a 'wealth tax' and how would it work?

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires.

Looking for a job? Kroger to hire hundreds in Houston ahead of holiday season

Kroger is looking to add on 500 new associates throughout the Houston area ahead of the holiday season. Here's how to register for the event:

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