Warren Buffett likes to portray himself as the multi-billionaire cheapskate who feels great pain from every dollar bill that leaves his wallet. But there's no sign today of that stingy public persona he sometimes exaggerates for laughs. Buffett says it will be a "pleasure" to write a $50 million check, fulfilling his promise to help fund an international nuclear fuel bank.
With only 22 more trading days to go, 2010 is almost over. So what's the best trade going into the new year?
CNBC premieres The Billionaires' Road Trip tonight (Tuesday) at 9p ET. Becky Quick hosts an all-access look as Warren Buffett and Bill Gates lead a Berkshire Hathaway delegation on a tour of China last September. Here are some preview clips:
For those of you who slept in or otherwise missed Warren Buffett on ABC's This Week with Christiane Amanpour on Sunday morning, here are some links to the interview. The conversation focuses on Buffett's "Giving Pledge" but also touched on his long-standing argument that the super-rich should be paying more in taxes.
After Warren Buffett wrote an op-ed piece in the New York Times restating his belief that the intervention of the government was a success, and in published reports reiterated his view that taxes should be raised on the affluent, critics howled...It is my view that anti-Buffett rhetoric is really a smokescreen for critics protesting the interventionist activities of the Bush and Obama administrations when financial markets froze in 2008.
Market commentators and Warren Buffett followers have been buzzing after seeing the Oracle of Omaha's op-ed piece featured in The New York Times. ...A report from TheStreet.
For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy. But it pains me whenever I read commentary from Buffett that glosses over reality or is somehow self-serving.
Warren Buffett will receive the nation's highest civilian honor at a White House ceremony early next year. President Obama named Buffett today as one of 15 recipients of the 2010 Presidential Medal of Freedom
Warren Buffett has written a 'Thank You' note to 'Uncle Sam' for preventing a catastrophic economic meltdown in September of 2008, but he's not as enthusiastic about what the Federal Reserve is doing right now to boost the economy. In a live telephone interview on CNBC's Squawk Box this morning following up on his New York Times op-ed, Buffett essentially warned that the Fed's $600 billion quantitative easing program probably won't help the economy very much, but could undermine confidence in the U.S. dollar.
"Well, Uncle Sam, you delivered," Warren Buffett wrote in a letter published in the New York Times. "Just as there is a fog of war, there is a fog of panic — and, overall, your actions were remarkably effective. "
Warren Buffett's Berkshire Hathaway was busy in the third quarter. The company's quarterly stock portfolio filing with the SEC shows that during the three months ending September 30, Berkshire added a new stake in Bank of New York Mellon, while eliminating holdings in five companies.
Newly hired investment manager Todd Combs will be initially handling $2 billion to $3 billion of Berkshire Hathaway's $113 billion portfolio in what amounts to an "extended trial." That's according to longtime Warren Buffett friend Carol Loomis, writing today for Fortune Magazine.
Abiding by his rulebook has been instrumental in billionaire Warren Buffett's ability to create his massive fortune. However, as we have seen just this year, the Berkshire Hathaway CEO himself doesn't always stick to the points he, himself, has laid out. ...A report from TheStreet.
Stocks pared losses in the last few minutes of the session to end higher capping a stellar week for the markets marked by Republican gains in Congress, the Fed's decision to pump more money into the economy, and a surprising strong jobs report. Alcoa and JPMorgan rose.
Warren Buffett's Berkshire Hathaway reports a 35.6 percent surge in operating profits for its third quarter, with "major contributor" Burlington Northern getting a lot of the credit. That's similar to the company's second quarter, when Burlington was also cited as a "major contributor" to that period's 73 percent earnings jump.
Stocks pared losses but remained mixed in the last minutes of Friday's session as stronger-than-expected U.S. job gains in October failed to continue a rally that led stocks to two-year highs on Thursday. Kraft and Merck fell, Alcoa rose.
Look for gains when Warren Buffett's Berkshire Hathaway reports third quarter earnings after the bell rings on today's (Friday) Wall Street trading session.
The October employment report is not expected to show much in the way of new job growth, but the euphoria over Fed easing may trump any concern in markets Friday.
Stocks got a boost on Thursday after President Obama said he is open to extending the Bush-era tax cuts across all income levels. Kevin Caron, market strategist at Stifel Nicolaus, and Chief Investment Officer David Kotok of Cumberland Advisors, both see the news helping stocks add on to recent gains.
Stocks surged at the open Thursday and kept climbing through the morning, as the market digested the Federal Reserve's decision buy $600 billion in long-term Treasury bonds. Art Cashin, director of floor operations at UBS Financial Services, shared his insights.