Illinois's Northwestern University will be getting its largest-ever donation from a member of the Buffett family.» Read More
Wall Street would be set for a dampened opening even without the rain that's falling on New York City this morning. Stocks look ready to drop on the opening but so far without the look of fury that set up yesterday's wild morning selloff. Europe is mostly weaker, though the UK market was slightly higher. Asian markets were mostly lower overnight but China was up 1.2% and Hong Kong also moved higher.
The Billionaire Next Door: Warren Buffett
CNBC's Liz Claman Interview with Warren Buffett
It's fitting that billionaire investor Warren Buffet is from Nebraska, a state known for the slogan, "The Good Life."
Here at the breaking news desk, we have a pretty good handle on what’s news, but sometimes the fact that news is going to happen becomes the news itself. Usually, when I start off the daily blog with a statement like that, the reaction is a universal “What? Speak English!”. But stay with me here, because this one involves the forthcoming investment proclamations of one Warren Buffett, the world’s second richest man.
A $45 billion megawatt merger could light up at least a few stocks this week. The guarded stock market will otherwise focus on rising oil prices, housing numbers, a batch of economic data, Fed speakers, and the drama surrounding Iran. The oracle of Omaha will issue his latest words of wisdom after the bell Thursday and a few big earnings will make news. Of course, everyone will be watching the Oscars.
Billionaire Warren Buffett's holding company Berkshire Hathaway revealed Wednesday that it bought $774.3 million in U.S. Bancorp stock last year, adding to the bank holdings already in the company's $52.8 billion stock portfolio.
The portfolio manager and short-selling expert offers CNBC’s Erin Burnett his “possible improbables” for 2007.