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Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part two of the complete transcript of that conversation.
He's probably smarter than a lot of other people as well. He certainly showed how smart he is when he jumped at the opportunity to get a 10% yield on a piece of paper from Goldman Sachsspacer.
Even before the ink dries on a proposed $700 billion bailout for the financial industry, Wall Street players have begun jockeying to be the first ones to snap up distressed investments on the cheap, says the New York Times.
It is now a week an a half since we saw the collapse of Lehman. Here is a snapshot of how the various banks have fared since that notorious weekend.
Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part one of the complete transcript of that conversation.
Everyone and their mother’s favorite industry observer are calling Morgan Stanley and Goldman Sachs’ status switch to holding companies the end of the large independent investment bank as we know it.
Stocks made a modest advance Wednesday after Warren Buffett, one of the most highly-regarded investors, calmed the anxious market with a $5 billion investment in Goldman Sachs.
Anyone want to look into trading in Goldman Sachs at the close yesterday? Goldman goes from $120 to $125 in the last 5 minutes of trading yesterday, while the broader market was dropping. Anything happen with Goldman after the close? Anyone?
There may still be value in the markets if investors choose carefully from the stocks carnage debris.
U.S. stock index futures pointed to a flat to slightly higher open for Wall Street on Wednesday after news that billionaire investor Warren Buffett will invest $5 billion in investment bank Goldman Sachs.
Warren Buffett tells CNBC he's making a $5 billion investment in Goldman Sachs because "the price was right, the terms were right, and the people were right." He also made it clear that he would not have bought anything right now, if he wasn't confident Washington will do the "rational" thing and approve the financial bailout proposal put forward by Treasury Secretary Henry Paulson.
Asian stock markets were jittery Wednesday, as fears that U.S. lawmakers will stall a proposed $700 billion bailout of the battered financial sector haunted investors and a firmer yen hurt Japanese exporters.
Warren Buffett is driving the latest ambulance to show up on Wall Street, and his first aid may in fact give a boost of confidence to the market and Washington's rescue process.
In this Web Extra, our gang gives you tomorrow's best trades right now!
With the markets making triple digit moves almost daily and crude oil gyrating in every direction imaginable, how do you keep from losing your cool?
There's a lot of talk about this proposed bailout. Here's why most of it is wrong.
The Dow fell Tuesday as Congress spent the day bickering over the Wall Street bailout. Also, after hours we learned Warren Buffett is buying Goldman shares.
In a surprise return to Wall Street, Warren Buffett's Berkshire Hathaway has a deal to make a $5 billion investment in Goldman Sachs. Up until now, he has rejected all pleas to come to Wall Street's aid during the current crisis.
Stocks fell more than 1 percent amid anxiety about the Wall Street bailout plan. Lowered analyst outlooks dragged on General Electric and bank stocks.
Stocks declined as investors digested what's going on at the congressional hearings on the bailout. Lowered analyst outlooks dragged on General Electric and bank stocks.