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Warren Buffett tells CNBC he has no regrets about any of the decisions he made over the weekend one year ago when the financial crisis was at its worst. In a taped interview with Squawk Box's Becky Quick airing tonight, Buffett says he "looked hard" at a telephoned offer that Friday night to buy AIG's property casualty operation for around $25 billion, but decided against it. He also recalls that he was approached to do a reinsurance deal that might have helped clear the way for a Barclay's rescue of Lehman, but it didn't come together.
Warren Buffett says he's buying stocks, but it's not because he thinks the recession is ending.
Stocks struggled to hold gains on Tuesday even after a number of positive economic reports. So how should investors position themselves? Bernard McSherry, senior vice president of strategic initiatives, Cuttone & Co. shared his market strategies.
Reflecting back one year after the historic September that shook the financial markets, Art Cashin, director of floor operations at UBS Financial Services, offered CNBC his insights.
Shares of menswear manufacturer Dayang Trands soar in Shanghai after a state-run Chinese newspaper relays Warren Buffett's enthusiastic praise of the company and its business suits.
President Obama on Monday sternly warned Wall Street against returning to reckless and unchecked behavior that had threatened the nation with a second Great Depression. So how are investors faring one year after the financial meltdown? CNBC contributor Michael Yoshikami, president and chief investment strategist at YCMNET Advisors and Thomas Meyer, CEO and chairman of Meyer Capital Group Wealth Management shared their market insights.
The market looks healthy, the economy is going to continue to outpace expectations in the near term and this is a favorable environment for equity investing, said Liz Ann Sonders, chief investment strategist at Charles Schwab.
I was discussing the financial collapse with Clint Goodrich...I told him that Warren Buffett said, "When the tide goes out, you see who's been swimming naked." Goodrich rolled his eyes. Turns out, he thinks Buffett isn't much of an oracle. What?? Isn't that like saying Tiger Woods isn't much of a golfer??
Markets opened lower on Monday as investors worried about the U.S.-China trade dispute and reflected on the one-year anniversary of the Lehman Brothers collapse. The tariffs came on the heels of a union complaint that a surge of imports of the Chinese tires were taking away American jobs.
Over the past several months, Warren Buffett has been consistently bearish on the short-term prospects for the U.S. economy. Is he still just as pessimistic now, even as consumer sentiment improves and economists talk about the recession coming to an end? CNBC's Becky Quick will ask him in an on-camera interview to mark the one-year anniversary of the height of the global financial crisis.
Lehman Brothers moves closer to taking center stage in the crisis, but storm clouds also build over AIG and Washington Mutual.
Warren Buffett is one of twenty-seven business, government, and academic leaders endorsing what's described as a "bold call to end the focus on value-destroying short-termism" in financial markets. A new statement from the Aspen Institute argues that shareholders are playing a key role by pushing corporations for short-term stock price gains at the expense of long-term sustainability.
A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.
Stock prices steadied at modestly higher levels as Wall Street staked a rally on rising prices of gold and oil. Weakness in the U.S. dollar helped propel commodities broadly as gold jumped above $1,000 an ounce but was retreating as noon approached. Crude oil reclaimed the $70 a barrel mark. In the meantime, the dollar hit its lowest level in nearly a year against a basket of currencies. Read and listen to what the pros had to say...
This is the text of an article on Warren Buffett's response to the financial crisis, published in the New York Times on Tuesday, September 8, 2009.
Warren Buffett always says he loves to go to work each day, and the global financial crisis has done nothing to damper that enthusiasm for his job. Buffett tells the New York Times that all the "drama" has made for an "incredibly interesting period in the last year and a half."
Warren Buffett's Berkshire Hathaway sold almost 800-thousand shares of Moody's this week, reducing its stake in the credit rating agency slightly to 16.6 percent from 17.0 percent just over a month ago. But Moody's stock slide yesterday could discourage Buffett from pulling the trigger on more sales in the very near-term.
Shares of Chinese electric-car maker BYD rallied 8 percent in Hong Kong trading today (Monday), finishing at an all-time closing of HK$48.60. The buying was apparently sparked by news wire headlines quoting BYD's chairman as saying Warren Buffett "wants" or "intends" to raise Berkshire Hathaway's 10 percent stake in the company. That interest, however, may not be new and doesn't necessarily mean Buffett will be able to buy more shares from BYD.
New York hedge fund manager John Paulson has replaced Warren Buffett as the nation's most influential investor, in the opinion of three of tonight's Fast Money traders. It's too early to know if Paulson really will be seen as the "Warren Buffett of our lifetime," as one of those traders boldly puts it, but his star is shining very brightly right now on Wall Street.
Stocks continued to rise on Tuesday after encouraging reports on home prices and consumer confidence. The Treasury auctioned off $42 billion in 2-year notes today, and it was met with mediocre demand. Pres. Obama officially reappointed Ben Bernanke for another term as Fed chairman. Watch and listen to what the pros had to say...