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WARREN BUFFETT


1 day ago

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

Warren Buffett’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 Buffett’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 nation’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 promotions—but have 3 traits that can make great leaders, says best-selling author Susan Cain

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

cnbc.com
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Did Buffett and Munger See BYD’s One Problem?

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

washingtonpost.com

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

Bill Gates, concerned about the “significant suffering” 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 “significant suffering” 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 “others in positions of great wealth and privilege will step up in this moment too.”

news.yahoo.com

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

The billionaire-run platform’s support for distressed peers 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 Buffett’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
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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 Buffett’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 advice—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
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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 Buffett’s Success May Not Outlast Him

The CEO’s ability to move quickly has been key to building his Berkshire Hathaway empire, but he probably won’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 gives his most expansive explanation for why he doesn't believe in Bitcoin

Despite a shift in public perception about the cryptocurrency, Buffett still wouldn't buy bitcoin.

cnbc.com

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor'

Warren Buffett has a long history of deriding investment bankers and their institutions.

cnbc.com

Warren Buffett significantly increases Chevron bet, now in Berkshire's top 4 positions

Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate's the fourth biggest equity holding.

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.

Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

Warren Buffett's Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy.

cnbc.com

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 Buffett’s Berkshire Hathaway’s annual meeting.

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Here’s what it’s like to attend Warren Buffett’s shopping carnival for shareholders

At Berkshire's shareholder shopping day, investors gathered in a sprawling convention center to explore exhibits featuring the conglomerate's holdings.

cnbc.com

Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger

Investors around the globe are waiting to hear from Warren Buffett, along with his right-hand man Charlie Munger, following a flurry of investment activities.

cnbc.com

Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries

While the pandemic is finally receding in the U.S., Buffett hasn't given the all-clear signal on banks. Why is that?

cnbc.com

Warren Buffett's charity lunch auction is back – and it's your last chance to bid on a meal with the billionaire investor

After a two-year hiatus due to the Covid-19 pandemic, Warren Buffett is auctioning off a lunch with himself — billed as the "grand finale" of the annual event.

cnbc.com

Buffett to auction off one last private lunch for charity

The world’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.

Buffett to auction off one last private lunch for charity

The world'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. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco.

news.yahoo.com

These are the books that Warren Buffett, Mark Zuckerberg and Daymond John turned to for crucial business lessons

Billionaires Buffett and Zuckerberg are just a few of the successful business leaders who have gleaned important lessons and career advice from books they've read throughout the years. Here are a few examples of the books on business that have influenced some of the business world's biggest success stories.

cnbc.com

Charlie Rose reemerges with first interview since firings

Journalist Charlie Rose has reemerged by posting an interview with investor Warren Buffett on his website — 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.

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Where to start if you want your kids to grow up financially savvy

If you want to raise financially savvy kids, consider leaving the lectures behind and starting with an allowance instead.

cnbc.com

Ron Insana: Peter Thiel's 'sociopaths' know something he doesn't

Thiel's highly personal attack on Buffett, Dimon and Fink does nothing to make the case for bitcoin.

cnbc.com

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.

Peter Thiel calls Warren Buffett a 'sociopathic grandpa from Omaha' and bitcoin's 'enemy number one'

At a bitcoin conference in Miami, Peter Thiel went on a rant about financial opinion leaders who he says are trying to stop the cryptocurrency.

cnbc.com

Warren Buffett made about $650 million on HP after stake was revealed

HP had its best day since March 2020, after Warren Buffett's Berkshire Hathaway disclosed that it's the company's top stakeholder.

cnbc.com

Scuffle follows manslaughter trial acquittal in district court

A scuffle between the victim's family and the defendant's lawyers ensued after a judge dismissed the charges on April 5, 2022.

news.yahoo.com

Stocks making the biggest moves midday: HP, Constellation Brands, CDK Global and more

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

cnbc.com

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.

Warren Buffett's Berkshire Hathaway reveals major stake in HP Inc., tech stock soars 15%

Berkshire Hathaway purchased nearly 121 million shares of HP.

cnbc.com
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Investing may be getting too complex for retail investors — and even professional brokers

As more cutting-edge investment products enter the marketplace, there’s growing fear retail investors and professional brokers are getting in over their heads.

cnbc.com

Soaring markets helped the richest 1% gain $6.5 trillion in wealth last year, according to the Fed

The wealth of the top 1% increased by $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve.

cnbc.com

EXPLAINER: How would billionaire income tax work?

The “Billionaire Minimum Income Tax” included in President Joe Biden's proposed budget is part of the administration’s effort to reduce the federal deficit.

Carl Icahn describes how his style is different from that of fellow investing icon Warren Buffett

In a CNBC interview, Carl Icahn explained how his investment approach is different from that of fellow Wall Street legend Warren Buffett.

cnbc.com

Warren Buffett paid $11.6 billion for a company run by his 'long-time friend' — here's why he values trust so much

Warren Buffett views trust and "integrity" as essential in the workplace. That's likely why he seems confident that Berkshire Hathaway's latest acquisition will succeed.

cnbc.com

Berkshire's $11.6B Alleghany deal expands insurance business

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

Warren Buffett's Berkshire Hathaway agrees to buy insurance company Alleghany for $11.6 billion

Warren Buffett is making moves.

cnbc.com

Retirement the Margaritaville Way

At the active-living community for Jimmy Buffett enthusiasts, it’s five o’clock everywhere.

newyorker.com

Berkshire Hathaway shares topped $500,000 each—here's why Warren Buffett says he'll never split the stock

Warren Buffett has argued that the high price of Berkshire's Class A stock has been a boon to shareholders over the years.

cnbc.com
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Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of this week.

cnbc.com

Berkshire Hathaway closes at a record above $500,000 a share as Buffett's conglomerate roars back

Berkshire Hathaway's Class A shares hit an all-time closing high above $500,000 as Warren Buffett's conglomerate continues to fire on all cylinders.

cnbc.com

Elon Musk shared advice for how to invest during periods of inflation—and it echoes Warren Buffett

Tesla CEO Elon Musk tweeted that in times of high inflation, it is better to invest in companies you think make good products than keep your money in cash.

cnbc.com

Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion

Buffett spent more than $1.5 billion this week to add another 27.1 million shares to Berkshire Hathaway's stake.

cnbc.com

Warren Buffett is worth $117 billion—once again making him one of the 5 richest people in the world

Unlike the other members of the top-five who have all lost money this year, Warren Buffett has actually seen his fortune grow by $7.8 billion.

cnbc.com

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

Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions, but he hasn’t had much of that in recent years as Berkshire Hathaway’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 China’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 Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way.

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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 Obama’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 Buffett’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 Buffett’s company reported a third-quarter profit that was roughly one-third the amount of last year’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 isn’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.

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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:

Nebraska billionaire, philanthropist Walter Scott dies at 90

Nebraska billionaire Walter Scott has died at the age of 90.

Police: 1 dead, 12 wounded in Tennessee Kroger shooting; shooter dead

A shooter attacked a grocery store in an upscale Tennessee suburb on Thursday afternoon, killing one person and wounding 12 others before the shooter was subsequently found dead of an apparent self-inflicted gunshot wound at the store, authorities said.

MacKenzie Scott dominates donations to racial equity

Philanthropist MacKenzie Scott has funded organizations that received the most money for racial equity in 27 different states following the police killing of George Floyd.

Lithium fuels hopes for revival on California's largest lake

Demand for electric vehicles has shifted investments into high gear to extract lithium from geothermal wastewater around California's dying Salton Sea.

Lithium fuels hopes for revival on California's largest lake

Demand for electric vehicles has shifted investments into high gear to extract lithium from geothermal wastewater around California's dying Salton Sea.

Buffett's firm ups Kroger stake while trimming drug holdings

Billionaire Warren Buffett’s company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its health care industry investments.

Justice says IRS must give Trump tax returns to Congress

The Justice Department says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.

US regulators criticize Buffett's failed $1.3B pipeline deal

Federal regulators say Berkshire Hathaway’s $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this week should have never been attempted because a similar deal drew strong opposition in the past.

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Gates Foundation sets 2-year, post-divorce power share trial

Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce.

Warren Buffett says pandemic's impact still hard to predict

Investor Warren Buffett said the economic impact of the pandemic remains hard to predict but most big companies have fared OK throughout it as long as they weren't tied to travel.

Warren Buffett resigns from Gates Foundation

Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure.

Plan to raze 4 dams on California-Oregon line clears hurdle

A proposal to bring down four hydroelectric dams near the California-Oregon border has cleared a major regulatory hurdle.

Leak of billionaires' tax data draws GOP outcry over privacy

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

ProPublica: Many of the uber-rich pay next to no income tax

The richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, the nonprofit investigative journalism organization ProPublica found.

JPMorgan dives back into fixing health care with new venture

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year.

Buffett's firm sells off financials, halves Chevron stake

Investor Warren Buffett’s company pared back its investments in financial firms further during the first quarter.

Bill and Melinda Gates divorce could shake up philanthropy

As much as billionaire couple Bill and Melinda Gates want to keep their pending divorce private, the split is already sending shockwaves through the worlds of philanthropy and public health.

When Buffett is gone, Abel will take over at Berkshire

Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report.

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