Japan intervenes to weaken yen. We were assured by currency traders yesterday (Tuesday) that newly re-elected Japanese Prime Minister Noda was NOT in favor of intervention. So what happened?
Warren Buffett's Berkshire Hathaway has resumed sales of Moody's shares as the credit rating agency's stock price tops $25.
The Lightning Round is extended in this CNBC.com exclusive feature.
Charlie Munger, Berkshire Hathaway's vice chairman, said the job market is likely to stay "lousy" for an extended period, and that he doesn't see anything that would prompt employers to hire in the immediate future.
Warren Buffett doesn't appear to be concerned that slowing U.S. economic growth will lead to a "double-dip" recession, saying there's no evidence of "sour" sentiment in the latest results from Berkshire Hathaway's numerous operating businesses. "I am a huge bull on this country. We are not going to have a double-dip recession at all. I see our businesses coming back across the board."
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway. "I see our businesses coming back across the board."
Here’s his diversified portfolio of the top stock players right now.
Warren Buffett and Bill Gates will reportedly travel to China later this month to "learn how to do philanthropy" in that nation. China's Economic Observer newspaper says Gates and Buffett have invited a "select group" of 50 to 60 members of the nation's "business elite" to a "private party" in Beijing. Some of those invited, however, have declined to attend, apparently over concerns they'd be asked, or even pressured, to make a donation pledge at the event.
As he closes in on 80 years old, Buffett shows no signs of slowing down and Berkshire has announced no successor, although the matter is one of endless debate. It is too early to say what his legacy will be.
The Dow lost its grip on 10,000, ending near session lows Thursday as trading was light and investors braced for two events Friday: the latest reading on second-quarter GDP and a speech by Fed Chairman Ben Bernanke.
Shares of Wesco Financial spiked as much as 19 percent higher today (Thursday) after Warren Buffett's Berkshire Hathaway revealed plans to buy the almost 20 percent of Charlie Munger's Wesco it doesn't already own.
The low-profile 73-year-old man whose stellar stock picks are often attributed to Warren Buffett is calling it quits. In her Chicago Tribune column, Melissa Harris breaks the big news that media-shy Lou Simpson will retire at the end of the year. For decades, he's been quietly, independently, and profitably managing the now $4 billion investment portfolio at Geico, the Berkshire Hathaway insurance subsidiary
Stocks ended higher Tuesday with the Dow gaining more than 100 points to snap a five-day losing streak. The rally followed a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot jumped, RIM slipped.
Stocks advanced decisively Tuesday, with Dow on track to snap a five-day losing streak. The rally followed a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot jumped, RIM slipped.
Stocks rose significantly Tuesday after days of losses, following a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot gains, Kraft slips.
U.S. stock index futures are higher after the government released data on industriarl production, capacity utilization, housing starts and the July Producer Price Index. WalMart and Home Depot reported better-than-expected results.
Warren Buffett's Berkshire Hathaway boosted its stake in Johnson & Johnson by 73 percent between March 31 and June 30, adding 17.4 million shares worth just over $1 billion at today's closing price of $58.01.
Once again the S&P closed at a key technical level. Can bulls muster enough power to hold their ground?
An increase in short-duration bonds in the Berkshire Hathaway portfolio is being seen as a sign Warren Buffett expects higher interest rates sooner rather than later.
Stocks gained Monday as investors continued to find reasons to support the market, although trading was light as most investors awaited news from the Federal Reserve's meeting on Tuesday.