Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.» Read More
NEW YORK, Aug 14- U.S. stocks rose modestly on Thursday after conciliatory comments from Russian President Vladimir Putin helped ease concerns about escalation in Ukraine and offset some uninspiring earnings reports.
Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
The stock broke $1,000 for the first time in 1983, $10,000 in 1992 and $100,000 in 2006.
Spreadbetters saw Europe faring better, with Capital Spreads expecting Britain's FTSE to open 0.1 percent higher, Germany's DAX 0.5 percent, and France's CAC 0.4 percent.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, turning negative after the China services purchasing managers' index compiled by HSBC/ Markit fell to 50.0 in July from a 15- month high of 53.1 in June.
*Toyota, Sapporo, Daikin scheduled to report results after close.
*Asia steady as Wall St gains on Portugal bank rescue, earnings. TOKYO, Aug 5- Asian stocks were mostly steady on Tuesday, halting the previous day's slide after Wall Street rallied on upbeat earnings and relief over Portugal's rescue of its largest listed bank, while lower bond yields kept the dollar away from recent peaks.
*Berkshire Hathaway shares rise day after results. NEW YORK, Aug 4- U.S. stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett's Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012..
*Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were slightly positive in trading on Monday afternoon, boosted by earnings including Berkshire Hathaway's results, though gains were offset by drops in high-dividend payers in the utilities sector.
*Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were little changed in volatile trading Monday as earnings, including those of Warren Buffett's Berkshire Hathaway, were partly offset by drops in high-yielding dividend stocks in the utilities sector.
Berkshire Hathaway has its largest cash holdings ever, prompting Warren Buffett watchers to wonder about his next move.
NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
*Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.
Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.
TORONTO, Aug 1- Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd, its chief executive officer and president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.
July's gain of 209,000 nonfarm payrolls shows the economy is chugging along, and the labor market is improving, but is not strong enough to push the Fed to hike rates anytime soon.
July's employment report is expected to be strong—good news for the economy, but possibly bad news for markets.
Gina Martin Adams expects the market to close the year 5 percent lower—but she says it could get much worse than that.