Warren Buffett, in his latest philanthropic donation, gave $2.84 billion worth of stock in his company Berkshire Hathaway to charities.» Read More
Stocks snapped a two-day slide on Wednesday largely due to optimism about insurance firms and retailers.
Warren Buffett's Berkshire Hathaway has lost its coveted top-level credit rating from Moody's Investors Service, but a well-known Buffett watcher says the move will have only a very small impact on the company. Tonight Moody's downgraded Berkshire by two notches to Aa2 from Aaa. The ratings agency says severe stock price declines and the U.S. recession have weakened an important Berkshire reinsurance subsidiary.
With talk of billions upon billions being passed around, it’s easy to lose perspective on how much $1 trillion or even $1 billion really is.
The Securities and Exchange Commission accuses a Toronto-based fund manager who calls himself the "Chinese Warren Buffett" of running a multi-million dollar Ponzi scheme aimed mostly at Chinese-Americans in the Dallas area. Weizhen Tang tells Bloomberg his firm has had "difficulties" but denies he's done anything wrong.
Warren Buffett's Berkshire Hathaway issued a news release a short time ago to announce the Chairman and CEO of one of its jewelry retailers "has decided to resign effective today." Beryl Raff replaces Marvin Beasley as the top executive at Helzberg Diamond Shops. There's no mention of why he's resigned or his performance as CEO.
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.
Warren Buffett's official biographer calls Byron Trott a "perfect candidate" to eventually take over at Berkshire Hathaway, now that Buffett's favorite investment banker has left Goldman Sachs. But another prominent Buffett watcher says there's "no chance."
US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.
There was a selloff today, but it was on very light volume. Not surprisingly, bank stocks, which have collectively rallied 50 percent in the last three weeks, were down about 10 percent as a group. ... We are definitely heading toward some kind of denouement, and that can only be a good thing..
Berkshire Hathaway, which owns 22 percent of Burlington Northern, is being chatted up as a potential buyer of BNI along with Chinese railway operator Guangshen Railway. Does the market rumor meet the "3 Vs" test?
Warren Buffett tells the Wall Street Journal that Berkshire Hathaway plans to invest in a new firm to be created by one of the few investment bankers to ever win his respect. Byron Trott is leaving Goldman Sachs to start his own merchant-banking firm to be called BDT Capital Partners.
Value investor Whitney Tilson reveals two financials he thinks are buys!
How in the world do Wall Street and Washington restore trust with the American public? It's a question both sides have wrestled with for months. But we're tackling it tonight on our CNBC special, "Restoring Trust: How to Fix America's Economy."
A new "issue-inspired song" written by Peter Buffett, gets its debut tonight (Wednesday) at a commemorative concert in the United Nation's General Assembly Hall. "Blood Into Gold" also features Akon, the internationally-known, Grammy-nominated rap/R&B singer.
Warren Buffett's Berkshire Hathaway will keep its top-level AAA rating from Standard & Poor's for the moment, but the ratings agency says that could change. S&P has lowered its outlook on Berkshire to "negative" from "stable" and indicated it may downgrade the company's rating by one notch over the next twelve months. Is Moody's next?
Warren Buffett's warrants to buy over 43 million shares of Goldman Sachs at $115 each are almost back "in the money" as the firm's stock more than doubles in recent months.
Shares of Warren Buffett's Berkshire Hathaway (Class A) are back at $90,000 tonight after rallying more then 28 percent over the past 12 trading days. The stock advanced 6.4 percent today (Monday), or $5426 each, to close at exactly $90,000.00 in New York trading.
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
Today's headlines along the lines of Warren Buffett Takes Home $491,000 from Berkshire might cause a moment of confusion for long-time Buffett watchers. After all, Buffett's annual salary has remained unchanged at $100,000 for a quarter of a century, and he has told Berkshire's Compensation Committee that "he would not expect or desire it to increase in the future." The new factor this year: security.
Berkshire Hathaway has lost its AAA credit rating from Fitch, but it doesn't look like the change is due to any recent 'mistakes' by Warren Buffett and his holding company. Almost at the top of its news release on the one-notch downgrade and negative outlook, Fitch says the move is part of a "broader review of insurance and financial services company ratings" due to the "current stressful economic environment."