Former U.S. Labor Secretary Robert Reich is joining the chorus calling for a pay raise for the lowest-paid American workers.» Read More
A sigh of relief can be heard by all after two brutal years in the equity markets. But there is something interesting occurring that is gaining little attention. Companies with consistent, stable cash flow, (and not highly leveraged) are underperforming more risky leveraged assets. What's going on?
Stocks rallied Friday, bringing their winning streak to four straight weeks, after the latest employment numbers showed signs of a stabilizing job market.
Warren Buffett's Berkshire Hathaway reports $1.532 billion in derivatives gains during its second quarter, contributing to an overall net profit of $3.295 billion dollars for the quarter, or $2,123 per class A share. It's a return to profitability for Berkshire, after reporting a $1.5 billion net loss in this year's first quarter.
Stocks rallied Friday after the latest employment numbers showed signs of a stabilizing job market.
A better-than-expected jobs report fueled hopes of an economic recovery and provided solid footing for the recent market run-up. Are we about to blast higher?
Stock market gains in April, May, and June, will energize second quarter net earnings from Warren Buffett's Berkshire Hathaway when the numbers are released after the stock market closes today. That will be a sharp contrast from recent quarters when market losses depressed Berkshire's net numbers and its stock price.
Futures jumped Friday after the latest employment numbers showed signs of a stablizing job market.
After putting out feelers to sell its Phibro commodities business, including a brief talk with the billionaire investor Warren E. Buffett, Citigroup is considering a variety of options. Among them is a deal that would give control of the unit to Mr. Hall, the energy trader who runs Phibro, two people close to the negotiations said.
While the stock market rallied 8 percent in July, widely followed fund manager Paul Tudor Jones’ Global Fund returned just 1.04% for the month.
Stocks pulled back Thursday after a higher open as Cisco dragged on the Dow. Earlier, the drop in jobless claims had spurred optimism about the recovery. Read and listen to what the experts had to say...
The man who had already been widely seen as the leading candidate to be the "next" Warren Buffett has put a little more space between him and the rest of the pack, but probably doesn't have the job sewn up just yet. Buffett's selection of David Sokol to be interim CEO of a Berkshire Hathaway subsidiary is being interpreted as an additional vote of confidence in Sokol's management abilities, making it even more likely he will eventually succeed Buffett as Berkshire's CEO. But that doesn't necessarily mean he has the job sewn up.
The stock markets hiccupped Wednesday as weakness in service jobs dampened enthusiasm about the "cash for clunkers" program. Art Cashin, director of floor operations at UBS financial Services, offered cnbc his market insights.
The man who created the company that pioneered time-shares for corporate jets in 1986 is stepping down as chief of the Berkshire Hathaway subsidiary. NetJets Chairman and CEO Richard Santulli says in a news release late today that he's leaving immediately to "spend more time with my young family and pursue other interests." While Santulli has been mentioned as a possible successor to Buffett as Berkshire's CEO, he is not generally seen as one of the handful of leading candidates.
The economy is going to show growth in the third and fourth quarters, said Tommy Williams, president of Williams Financial Advisors, and Janet Engels, director of private client research at RBC Dain Rauscher.
Shares of Warren Buffett's Berkshire Hathaway rallied above $100,000 today (Monday) for the first time since early January.
Stocks rallied Thursday, pushing the Dow to its highest level since November, but will the rally continue from this point? Douglas Roberts, founder and chief investment strategist at Channel Capital Research.com, told investors that the uptick will continue.
Stocks rallied Thursday as investors were encouraged by the latest jobless report and round of corporate earnings. Jobless claims rose by 25,000 last week to 584,000 but investors were encouraged as estimates had put the number as high as 600,000. Read and listen to what the pros had to say...
Warren Buffett's bet on a Chinese electric car company is generating sparks. Bloomberg notes that Berkshire Hathaway's stake of almost 10 percent in BYD has soared in value by about $1 billion since it was first announced last fall. The purchase was completed today at the September price after the China Securities Regulatory Commission gave its approval for the deal
Stocks slipped Monday as worries about a record $200 billion in Treasury auctions this week and lowered outlooks from Honeywell and Aetna cast a shadow over the market. In the meantime, new-home sales rose 11 percent to an annual rate of 384,000 in June, well above the 360,000 economists had expected. Read and listen to what the pros had to say...
The 'cartoon' Warren Buffett sounds a lot like the 'real' Warren Buffett, and it's not just because they share the same voice. Listen as the animated version of Omaha's billionaire uses three words never before heard in a cartoon for kids.