Warren Buffett's strong defense of Goldman Sachs spacer against SEC accusations of fraud dominates the day-after headlines from coverage of this year's Berkshire Hathaway shareholders meeting in Omaha.
Warren Buffett tells CNBC that Goldman Sachs "has lost the PR battle at this point" as it responds to SEC accusations, but he does not think the firm has committed fraud. In a taped interview with Becky Quick ahead of today's Berkshire Hathaway shareholders meeting in Omaha, Buffett says Goldman has suffered because it did not respond quickly enough to the announcement of the SEC's complaint against the firm. Here's the video and transcript of their conversation.
Warren Buffett is defending Goldman Sachs before shareholders at the Berkshire Hathaway annual meeting in Omaha, saying, "It's hard for me to get terribly sympathetic" with the alleged victim in the SEC's case against the Wall Street giant. Buffett also says "we love" Berkshire's investment in Goldman.
The question for markets in the week ahead will be whether to ride a wave of better economic and earnings news—or give in to a growing list of worries.
As the financially faithful descend on Omaha for Berkshire’s annual shareholder meeting, what will Warren Buffett say to them about Goldman Sachs?
In just a few weeks, Goldman Sachs has gone from Wall Street darling to favorite punching bag.
Charlie Munger tells CNBC that Lehman Brothers' behavior was the worst of the big Wall Street firms in recent years. By contrast, he says he's "favorably impressed" by Goldman Sachs chief Lloyd Blankfein
It's time for Omaha's big spring fling weekend with Warren Buffett. A record crowd of over 40,000 is expected for this year's Berkshire Hathaway shareholders meeting, boosted partially by the availability of newly-split Class B shares for less than $100. Buffett is promising "extensive and complete replies" to questions about Berkshire's $5 billion investment in Goldman Sachs.
Just in time for Berkshire Hathaway's Annual Meeting this weekend, Warren Buffett's brand of value investing may be ready to take over for the high-risk strategy that has been in favor over the last 12 months.
David Sokol, a key Warren Buffet lieutenant, told CNBC that it would be a “disaster” if Congress enacted retroactive legislation that voided contracts dealing with derivatives.
TD Ameritrade chairman Joe Moglia told CNBC Friday that his clients—individual investors—are regaining confidence in the stock market and increasing their equity holdings.
Warren Buffett is finally seeing signs the global economy is starting to recover from the Great Recession, as measured by sales at Berkshire Hathaway's subsidiaries around the world. He tells Fox Business, "We have seen in all our businesses a big upswing starting in March."
An excerpt from Peter Buffett's new book, Life is What You Make It: Find Your Own Path to Fulfillment, in which he explains why he has no regrets about his decision years ago to sell his inheritance, Berkshire Hathaway stock that would be worth $72 million today.
Warren Buffett will appear live on CNBC's Squawk Box Monday morning for his first interview after meeting with over 40,000 shareholders at this weekend's Berkshire Hathaway annual meeting. Buffett is scheduled to join co-anchor Becky Quick in Omaha for one hour starting at 8 AM ET on May 3.
For Warren Buffett, it's a matter of simple fairness: "If the restaurant only gets paid for an 8-ounce steak, they don't want to give you the 12-ounce one." It's a concept at the core of his argument against allowing the government to require collateral on existing derivatives contracts.
The Lightning Round is extended in this CNBC.com exclusive feature.
Nebraska's Democratic Senator Ben Nelson is quoted by Bloomberg as saying he and his wife's long-held stake of up to $6 million in Berkshire Hathaway, does not create a conflict of interest for him on the financial regulatory bill currently at the center of a Capitol Hill fight.
Senate Democrats Wednesday prepared for a third procedural vote to advance a sweeping financial reform bill, after the latest round of talks on a bipartisan compromise appeared to yield no agreement.
Democrats and Republicans keep talking about finding a bipartisan compromise but they'll have to agree enough to simply get the legislation on the Senate floor for debate.
Senate Democrats have killed a provision of their proposed derivatives bill that would have exempted existing contracts from collateral requirements. Warren Buffett's Berkshire Hathaway has been lobbying in favor of the exemption.