Wall Street
Billionaire Ken Griffin calls tariffs a ‘painfully regressive tax,’ hitting working class Americans the hardest
Citadel CEO Ken Griffin speaks during the Semafor World Economy Summit 2025 at Conrad Washington on April 23, 2025 in Washington, DC. Kayla Bartkowski | Getty Images Billionaire Ken Griffin, founder and CEO of the Citadel hedge fund, said working class Americans will bear the brunt of President Donald Trump’s punitive tariffs on U.S. trading partners. “Tariffs […]
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The $275 billion question: Who handles Berkshire’s stock portfolio after Warren Buffett
As the shock of Warren Buffett’s exit settles in, one question about the succession has become the elephant in the room — Who will handle Berkshire Hathaway’s $275 billion portfolio of stocks? The legendary, 94-year-old investor is stepping down as chief executive officer at the end of 2025 after an epic 60-year run, but will […]
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Paul Tudor Jones says stock market will hit new lows even if Trump cuts China tariffs to 50%
Key Points “We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones told CNBC’s “Squawk Box.” The widely followed investor’s bearish comments came after Trump’s rollout of the highest levies on imports in generations shocked the world last month, triggering extreme volatility on Wall Street. Source
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Berkshire Hathaway shares fall 6% after shocking Buffett exit and an earnings decline
People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders’ meeting, in Omaha, Nebraska, U.S., May 3, 2025. Brendan McDermid | Reuters Berkshire Hathaway shares are under pressure Monday as investors process Warren Buffett’s surprise announcement to step down and envision a new path […]
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Warren Buffett to ask board to make Greg Abel CEO of Berkshire Hathaway at year-end
OMAHA, Nebraska — Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as surprise to the thousands of admiring shareholders gathered for this year’s annual […]
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Warren Buffett knocks tariffs and protectionism: ‘Trade should not be a weapon’
OMAHA, Nebraska — Warren Buffett on Saturday criticized President Donald Trump’s hardline trade policy, without naming him directly, saying it’s a big mistake to slap punitive tariffs on the rest of the world. “Trade should not be a weapon,” Buffett said at Berkshire Hathaway‘s shareholder meeting, an annual gathering in front of thousands in Omaha, Nebraska. […]
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Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty
Key Points Operating earnings, which include the conglomerate’s fully owned insurance and railroad businesses, fell 14% to $9.64 billion during the first three months of the year. Much of that decline was driven by a 48.6% plunge in insurance-underwriting profit. Berkshire said President Donald Trump’s tariffs and other geopolitical risks created an uncertain environment for […]
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Berkshire meeting ‘bazaar’ features Buffett Squishmallows, 60th anniversary book and giant claw machine
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT The welcome sign at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 2, 2025. David A. Grogen | CNBC OMAHA, Nebraska — Berkshire Hathaway shareholders are getting more bang for their buck at this year’s meeting with the annual shopping event more […]
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Trade talks will be key next week for a market striving to leave tariff turmoil behind
Trade talks will continue to be critical in the week ahead, as equities mount an impressive rally on hopes the U.S. economy is strong enough to weather the fallout from Trump’s tariffs. The S & P 500 has made a huge comeback since the post-April 2 sell-off, recouping all its losses after the latest jobs […]
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Two JPMorgan ETFs that are providing a destination for risk-averse investors
ETF Edge Two JPMorgan ETFs that are providing a destination for risk-averse investors Published Fri, May 2 20257:45 AM EDTUpdated 9 Min Ago Krysta Escobar WATCH LIVE Source
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