Breaking News: Investing
Warren Buffett gives his most expansive explanation for why he doesn’t believe in Bitcoin
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday […]
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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, betting that Microsoft’s proposed acquisition of the video game company will close. Berkshire now owns about 9.5% of Activision shares, Buffett said at the company’s annual shareholder meeting. “Occasionally I’ll see an arbitrage deal and […]
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Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Berkshire Hathaway Vice Chairman Charlie Munger blasted stock […]
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Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’
Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one way or another, catching […]
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From Dairy Queen to Brooks Running, Berkshire Hathaway’s businesses seeing an impact from inflation
Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways. In March, the Federal Reserve’s preferred inflation gauge rose 5.2%, and the central bank is starting to raise interest rates, trying to thread the needle between slowing the rise in […]
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Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions
Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion […]
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Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback
Warren Buffett Gerry Miller | CNBC 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. The company’s net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period. Berkshire’s operating earnings — which encompass profits […]
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Here’s what it’s like to attend Warren Buffett’s shopping carnival for shareholders
Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a […]
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Cathie Wood fears takeovers for her ARK stocks right now because they won’t get a fair price
The ARK Invest CEO worries names in her portfolio could be snapped up in a bid like Elon Musk with Twitter. Source
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Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Warren Buffett is set to kick off Berkshire Hathaway’s annual shareholder meeting Saturday on a high note, with the “Oracle of Omaha” finally back in the deal-making game and the conglomerate’s outperforming stock crossing a key milestone. With tens […]
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