U.S. stocks closed lower on the last day of trade for August as investors digested a volatile month amid uncertainty about China and the Fed.» Read More
Traders say there are a number of risks in the coming week, the biggest of which will be the results of the government's stress tests on 19 banks, now expected to be released Thursday.
Michelle Caruso-Cabrera usually can be found at the anchor desk for CNBC's Power Lunch. This weekend, however, she is on vacation with her father, mother, and younger brother. But it's not an ordinary vacation. The whole family is attending the Berkshire Hathaway annual shareholders meeting. This is her ongoing Omaha Journal.
As part of CNBC's coverage of tomorrow's Berkshire Hathaway annual shareholders meeting, two of the afternoon programs discussed a question we've been hearing in recent months: Has Warren Buffett lost his way? And does he get a "free pass" from the media? Take a look at the video clips.
Value investor and fund manager Mario Gabelli tells CNBC's Becky Quick he often gets good ideas from some of the thousands of like-minded investors who attend the Berkshire Hathaway annual meeting each year. Here's the video clip of their conversation, which also touched on Warren Buffett's controversial derivatives positions.
The CEO of Berkshire Hathaway subsidiary Business Wire, Cathy Baron Tamraz, spoke earlier today with CNBC's Becky Quick at the annual shareholders meeting in Omaha.
The stock market got a boost from economic reports on Friday that showed an increase in consumer confidence and improvement in the manufacturing numbers. Analysts and investors await results of the "stress tests" conducted on the nation's 19 biggest financial institutions, which will be released late Thursday afternoon next week. Find out what the experts had to say...
Warren Buffett's long-time partner Charlie Munger tells CNBC "evil and folly" on the part of the banks and bankers have "helped create a catastrophe for everyone." But he know thinks the government has helped put the country on the right track economically.
Warren Buffett's 'editor' tells CNBC some of the shareholders coming to Berkshire Hathaway's annual meeting tomorrow remain "terrifically worried" about the economy and their Berkshire shares.
The man Barron's has suggested is the leading candidate to succeed Warren Buffett at Berkshire Hathaway modestly tells CNBC there are lots of executives more qualified than he is for the job, which he thinks won't become available for many years to come. MidAmerican Energy Holdings' David Sokol calls all the speculation "a waste of time." He also predicts it will be "several years" before the U.S. economy sees a "real recovery."
Warren Buffett tells CNBC's Becky Quick that fears about swine flu will reduce attendance somewhat at tomorrow's Berkshire Hathaway shareholders meeting, but he's not sure how many people might stay away. Here's the video..
Value investor Whitney Tilson, one of the best-known Buffett watchers in the country, spoke live with CNBC's Becky Quick this morning on Squawk Box, ahead of tomorrow's Berkshire Hathaway shareholders meeting. He's been going for years, but says this year is different. Tilson also, again, defends Buffett from suggestions he's lost his touch amid the market meltdown. Here's the video clip:
Warren Buffett tells CNBC's Becky Quick that the U.S. economy has made it past the "Pearl Harbor" conditions of last September, but he says "we're still at war."
The economy has “several years” of economic recovery ahead, said David Sokol, chairman of MidAmerican Energy.
Warren Buffett may not be John Wayne material, but "Buffett the Bullet" is certainly sitting tall in the saddle for a promotional poster that will be sold for charity by Berkshire subsidiary Business Wire at this weekend's shareholder meeting in Omaha.
Investors saw some glimmers of hope in the economy as various data and Wednesday's FOMC statement helped boost stocks on Thursday. Some bullish experts even said there may be more better days to come. Read and listen to what experts had to say... (Updated)
We should get an update at this weekend's Berkshire Hathaway shareholders meeting on Warren Buffett's long-term bet against Wall Street. Last June, we learned that Buffett had agreed to a 10-year, $1 million wager to back his long-held argument that "experts", specifically hedge fund managers, don't do better than the stock market as a whole, especially when you factor in the big fees those experts collect from investors.
Analysts will have to "raise their numbers" for 2009, said Bob Doll, vice chairman of BlackRock. "I'm not going to pretend we're in a good economy; we're in a 'less bad' economy. But some [analysts] have gone too far to the negative side," he told CNBC.
Berkshire Hathaway's market value may be down about 30 percent since last year's shareholders meeting, and the economy may be the pits, but Omaha will still be this weekend's hot destination for Warren Buffett fans.
Warren Buffett's Berkshire Hathaway announced late today (Wednesday) that it will release first quarter financial results on Friday, May 8 and implied we should have known all along that would be the date.
What does today's Fed decision mean? BlackRock's Bob Doll offered CNBC his insights.