Allowing high-frequency computer traders into the stock market is like letting “rats in the granary,” Warren Buffett’s right-hand man said in an exclusive CNBC interview.
Warren Buffett says that Berkshire Hathaway is buying shares in two U.S. companies and will continue to buy them today, especially if they become cheaper in today's global stock sell-off. As usual, he's not naming those stocks, but does say they are names that are already in the Berkshire portfolio.
Warren Buffett is preparing for the main event of this year's annual meeting with tens of thousands of Berkshire Hathaway shareholders: tomorrow's (Saturday) marathon question-and-answer session at Omaha's CenturyLink Center arena. The recent announcement that he'll be treated for an early stage of prostate cancer is sure to be a major topic, along with continued questions about the company's succession plans.
The franchise kicked off with an award, "The Blue Chip Book Club Award" given to James Stewart, author of "Den of Thieves." He's the first recipient of an exclusive group of the world’s most prominent business authors.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."