Stocks slipped Friday as weaker consumer sentiment compounded losses after disappointing earnings from American Express, Amazon and Microsoft. The disappointing earnings and sentiment gave investors reason to pause and take a breather after a significant run-up in the past few weeks, in which the Nasdaq logged 12 straight gains — its longest run since 1992. Read and listen to what the experts had to say...
Warren Buffett appeared live on CNBC's Squawk Box this morning to promote a new online animated series called the Secret Millionaire's Club in which he teaches kids about finance and investing. Buffett told us that stocks are still a better investment than cash investments, like Treasuries, even though the Dow has recently rallied to its highs of the year over 9000. This is a transcript of the CNBC interview.
Warren Buffett tells CNBC that the economy still isn't showing any signs of life but that doesn't mean investors should stay away from stocks. In a live interview this morning Buffett says "business is still flat." But he notes that doesn't mean he's negative on stocks, predicting the market will revive before the economy does.
Warren Buffett will appear live on CNBC's Squawk Box this morning (Friday) at 8:30a ET to explain why he's getting even more animated than usual. We'll also ask him about the economy and financial markets. Buffett will speak to us in the first of a series of promotional interviews for a new online animated series called Secret Millionaire's Club.
Warren Buffett's Berkshire Hathaway has cut its stake in Moody's by 16.6 percent, reducing its exposure to the beleaguered credit rating agency by selling almost eight million shares over three days.
Shares of Berkshire Hathaway gained 6.0 percent this week, their best showing since early March when Warren Buffett's company bounced off its lows for a 14.2 percent surge.
Bear? What bear? Yes, the Bull seems to be running strong in the markets this week. The S&P 500 recording its best weekly gain since March. The Nasdaq putting up 8 straight days of gains.
Warren Buffett's Berkshire Hathaway reportedly made a secret, but unsuccessful, $1.7 billion cash offer for Bermuda-based reinsurer IPC Holdings earlier this month. Bloomberg reports Berkshire is the mysterious 'Party M' mentioned in a regulatory filing. This try didn't work out, but there could be more efforts by Berkshire to take advantage of opportunities in reinsurance created by the global recession.
Warren Buffett's retreat from "volatile" catastrophic property damage reinsurance gets a spotlight in today's (Monday) Wall Street Journal.
Stocks turned negative as energy prices continued an aggressive slide and outweighed a surge in banking stocks. Stocks were mixed earlier as banking leaders surged on positive comments from analyst Meredith Whitney but technology stocks slumped amid economic worries. Read and listen to what the experts had to say…
Barron's is taking a strong bullish stand on shares of Warren Buffett's Berkshire Hathaway, calling them a "bargain" in the mid-$80Ks. A price target of $110,000 in the next year "doesn't seem outlandish" given its current price to book ratio.
Warren Buffett isn't shy about giving advice. If he hadn't gone into the investing business, he could well have made teaching his profession. Now that he's the world's greatest living investor, there are plenty of pupils anxious to attend class. Today, ABC's Good Morning America featured several Buffett lessons.
Warren Buffett spoke tonight (Thursday) on tape with CNBC's Julia Boorstin at Herb Allen's Sun Valley media conference. He remains pessimistic about the economy's short-term prospects, saying the latest number from his Berkshire Hathaway companies show that consumer spending remains very weak. This is a video clip and transcript of Julia's entire conversation with Buffett.
Warren Buffett tells CNBC that consumer sales by Berkshire Hathaway companies have remained "very, very soft" in recent weeks. In a taped interview with Julia Boorstin today (Thursday) at Herb Allen's Sun Valley media retreat, Buffett says he'll know when things pick up because he gets constant updates on sales from his companies.
Warren Buffett is repeating his call for a second economic stimulus package, telling ABC News the first one passed earlier this year was excessively diluted by lawmakers' pet spending projects, like "half a tablet of Viagra mixed with candy."
Sam Stovall of Standard & Poor's and Christopher Zook of Caz Investments had some bad news and some good news. They each think the economy still looks awful — but there are ways to play it.
Salida Capital, described as "one of Canada's leading alternative investment management firms," was the previously-anonymous winning bidder of this year's Warren Buffett charity lunch auction.
The Chinese investor who donated $2.1 million dollars for lunch in late June with Warren Buffett says his "tip from a friend" was not designed to influence the stock price of a relatively little known retailer in China.
Warren Buffett's annual gift of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation is worth $1.25 billion this year, a drop of over 30 percent from last year's $1.8 billion.
A humorous video clip shown to shareholders featuring Warren Buffett as a mattress salesman is part of a marketing campaign for a real Nervous Nellie model available from Berkshire subsidiary Nebraska Furniture Mart. Built for troubled times, it features a hiding place for cash and other valuables.