Warren Buffett tells CNBC that the market will continue to demand ratings from "brand name" credit rating agencies, even if government rules were loosened to encourage more competition among firms.
The chief executive of Moody's says his company's inaccurate ratings of mortgage-related investments were "deeply disappointing" but investors shouldn't rely on ratings to buy or sell securities.
Warren Buffett is scheduled for a "First on CNBC" live interview tomorrow (Wednesday) morning before he testifies under subpoena on credit rating agencies at a Financial Crisis Inquiry Commission hearing in New York. Buffett will be speaking with Becky Quick at approximately 10:45a ET.
These industry, government, and Hollywood heavyweights have created the Green Products Innovation Institute, a new non-profit think tank that will help manufacturers find safer alternatives to toxic chemicals used in their products.
One of the enduring questions of the financial crisis is how the credit ratings establishment got so much so wrong for so very long. How could century-old institutions like the Moody’s Investors Service give their triple-A blessings to subprime junk?
Friday markets ended with a precipitous selloff that made for the worst May since 1962 and worst month in general since November 2008. Are US markets headed for recovery, or is a double-dip in the works? CNBC heard from expert economists, strategists and investors. See what they had to say...and decide for yourself.
This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.
Warren Buffett's appearance next week before the Financial Crisis Inquiry Commission is a "command performance." Fortune's Carol Loomis reports Buffett was subpoenaed to testify at a hearing focusing on the credit rating agencies, after he repeatedly declined to answer questions voluntarily.
China's BYD and Germany's Daimler are creating a 50-50 "research and technology" joint venture to "develop" electric cars in China. Warren Buffett's Berkshire Hathaway owns a 10 percent stake in BYD and Buffett has personally promoted the company.
Warren Buffett will appear before the 10-member bi-partisan panel created by Congress to look at the financial crisis.
Online bidding on EBay for the annual "Power Lunch" with Warren Buffett begins Sunday evening, June 6 and ends Friday, June 11 at 10:30p ET.
Nearly every large-cap U.S. company has some form of exposure to Europe and some are significantly more at risk than others. So which ones are the most affected and by how much? Roberto Pedone, contributor at TheStreet.com shared his insights.
Kraft Foods CEO Irene Rosenfeld doesn't appear to be concerned after Warren Buffett's Berkshire Hathaway slashed its stake in the food giant by almost a quarter during the first quarter. She tells Reuters she is "quite confident" Buffett will change his mind on the deal, going from criticism to congratulations in "far less" than five years.
Warren Buffett latest SEC filings to the SEC show that those that say he's an investment dinosaur simply don't understand how the mind of the Omaha Oracle works. Truth is, he is so much more of a tactical investor than many people realize and there are lessons to be learned from his latest investment decisions.
Warren Buffett's Berkshire Hathaway sold a lot of stock during the first three months of the year, including a reduction of over 31 million shares for its stake in Kraft Foods spacer. That sale follows his outspoken criticism of Kraft and its management for acquiring Cadbury's. Berkshire has also been raising money to pay for its now-completed $26 billion acquisition of the freight railroad Berkshire Hathaway Santa Fe.
We'll get some fresh data on what Warren Buffett has been buying and selling later today (Monday), when Berkshire Hathaway releases details of its stock portfolio. Expect more selling than buying, as Berkshire continues to raise money for its $26 billion acquisition of Burlington Northern Santa Fe.
MidAmerican Energy Holdings Chairman David Sokol, widely seen as a frontrunner to follow Warren Buffett at Berkshire Hathaway, talks about the key lesson he's learned from Buffett, in this excerpt from the new book Behind the Berkshire Hathaway Curtain: Lessons from Warren Buffett's Top Business Leaders by Ronald W. Chan.
It's graduation season and you know what that means — time to trot out our top leaders of business, politics and pop music to offer the kids advice as we send them off into the cruel, cruel world. Here are the 10 Best Graduation Speeches — From Will Ferrell to Steve Jobs!
Is the notion of "buy-and-hold" or "set it and forget it" approach to investing dead? Is it time to question the wisdom of this approach?
Shares of Warren Buffett's Berkshire Hathaway scored their biggest one-day gain in a year, with a lot of help from today's powerful overall stock market rally. Both the B and A shares soared just over 5 percent today, outperforming the benchmark S&P's 4.4 percent rally.