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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.
Warren Buffett's Berkshire Hathaway has rallied to a 6-month closing high, with help from the overall stock market's gains. Today's 1.9 percent gain puts Berkshire's Class A shares at $95,300 each. That's just above their May 8 closing high of $95,295 and the best finish since January 13. Berkshire is up 5.3 percent on the week.
Stocks slipped Friday as weaker consumer sentiment compounded losses after disappointing earnings from American Express, Amazon and Microsoft. The disappointing earnings and sentiment gave investors reason to pause and take a breather after a significant run-up in the past few weeks, in which the Nasdaq logged 12 straight gains — its longest run since 1992. Read and listen to what the experts had to say...
Warren Buffett appeared live on CNBC's Squawk Box this morning to promote a new online animated series called the Secret Millionaire's Club in which he teaches kids about finance and investing. Buffett told us that stocks are still a better investment than cash investments, like Treasuries, even though the Dow has recently rallied to its highs of the year over 9000. This is a transcript of the CNBC interview.
Warren Buffett tells CNBC that the economy still isn't showing any signs of life but that doesn't mean investors should stay away from stocks. In a live interview this morning Buffett says "business is still flat." But he notes that doesn't mean he's negative on stocks, predicting the market will revive before the economy does.
Warren Buffett will appear live on CNBC's Squawk Box this morning (Friday) at 8:30a ET to explain why he's getting even more animated than usual. We'll also ask him about the economy and financial markets. Buffett will speak to us in the first of a series of promotional interviews for a new online animated series called Secret Millionaire's Club.
Warren Buffett's Berkshire Hathaway has cut its stake in Moody's by 16.6 percent, reducing its exposure to the beleaguered credit rating agency by selling almost eight million shares over three days.
Shares of Berkshire Hathaway gained 6.0 percent this week, their best showing since early March when Warren Buffett's company bounced off its lows for a 14.2 percent surge.
Bear? What bear? Yes, the Bull seems to be running strong in the markets this week. The S&P 500 recording its best weekly gain since March. The Nasdaq putting up 8 straight days of gains.
Warren Buffett's Berkshire Hathaway reportedly made a secret, but unsuccessful, $1.7 billion cash offer for Bermuda-based reinsurer IPC Holdings earlier this month. Bloomberg reports Berkshire is the mysterious 'Party M' mentioned in a regulatory filing. This try didn't work out, but there could be more efforts by Berkshire to take advantage of opportunities in reinsurance created by the global recession.
Warren Buffett's retreat from "volatile" catastrophic property damage reinsurance gets a spotlight in today's (Monday) Wall Street Journal.
Stocks turned negative as energy prices continued an aggressive slide and outweighed a surge in banking stocks. Stocks were mixed earlier as banking leaders surged on positive comments from analyst Meredith Whitney but technology stocks slumped amid economic worries. Read and listen to what the experts had to say…