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Warren Buffett Watch

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  Friday, 6 Jun 2014 | 6:25 AM ET

Warren Buffett's charity lunch auction bid tops $1M

Warren Buffett's annual auction to benefit a San Francisco charity has drawn a bid of more than $1 million, surpassing last year's top offering, with a day of bidding remaining for a chance to eat lunch with the billionaire investor.

The $1,000,300 high bid is for the 15th annual auction to benefit the Glide Foundation, which provides food and services to the poor and homeless.

Read MoreWhy Buffett and Google love the Mojave

The high bid often surges in the last hour or two before the auction on eBay closes. The auction ends Friday at 10:30 p.m. EDT (2:30 a.m. Saturday GMT).

»Read more
  Wednesday, 4 Jun 2014 | 1:48 PM ET

Why Buffett, Apple & Google love the Mojave Desert

Posted By: Jackie DeAngelis

The $100 billion solar power industry is gaining a lot of attention both globally and domestically, attracting high-profile investment from Wall Street giants such as Apple, Google and Warren Buffett's Berkshire Hathaway.

The United States is the world's third-largest solar market, right behind China and Japan, and it's growing rapidly not just because of private investment, but also because of the Obama Administration's efforts to make progress against global climate change.

»Read more
  Tuesday, 3 Jun 2014 | 6:47 AM ET

Two stocks costing Warren Buffett $500M this year

Posted By: Matt Krantz
Warren Buffett
Getty Images
Warren Buffett

Warren Buffett may have a magic touch with stocks, but two stocks have tarnished that touch for the year.

Two stocks that Buffett owns, Coca-Cola and Goldman Sachs, are completely missing out on the market's rally this year. Since Berkshire's holdings in those stocks are so massive, the declines sting that much worse. The holdings are based on the company's most recent quarterly filings with regulators.

Read MoreBuffett's Blizzards invade Manhattan

The biggest losing stock for Berkshire has been Coca-Cola. The stock is only down 1.4% this year, which may not sound all that bad. But Berkshire owns more than 400 million shares of the stock so the decline translates in a $236 million loss for the famous holding company.

»Read more
  Friday, 30 May 2014 | 1:31 PM ET

Can Buffett's Dairy Queen make it in Manhattan?

Posted By: CNBC.com staff

There are more than 6,000 Dairy Queen locations around the world, but until this week there were exactly zero in Manhattan.

The Minneapolis-based chain, owned by Warren Buffett's Berkshire Hathaway and famous for its soft-serve Blizzard Treats, opened its first restaurant on 14th Street near Union Square in the borough on Thursday.

»Read more
  Thursday, 15 May 2014 | 6:25 PM ET

Warren Buffett raises his bet on Wal-Mart

Posted By: Alex Crippen
Warren Buffett
Chris Goodney | Bloomberg | Getty Images
Warren Buffett

Warren Buffett added to Berkshire Hathaway's bet on Wal-Mart, increasing its stake in the retailer by 17 percent to 58.05 million shares during the first quarter.

The additional 8.57 million shares are worth about $658 million at the stock's closing price Thursday of $76.83.

Wal-Mart shares fell 2.4 percent in Thursday's trading after the company reported anemic sales growth and forecast disappointing earnings. It blamed bad winter weather.

With a total value of $4.46 billion, the Wal-Mart stake is probably being controlled by Buffett himself.

It is now Berkshire's fifth largest U.S. stock stake.

Read More Berkshire Hathaway's 15 biggest stock holdings

Buffett also added slightly to his company's fourth biggest holding. Berkshire's stake in IBM edged higher by 233,100 shares to 68.36 million shares.

»Read more
  Monday, 5 May 2014 | 2:17 PM ET

CNBC Transcript: Buffett, Munger and Gates

Posted By: Alex Crippen

This is an unofficial transcript of Warren Buffett, Charlie Munger and Bill Gates appearing live with Becky Quick on CNBC's "Squawk Box," Monday, May 5, 2014.

A PDF version of this transcript may be downloaded by clicking here.

BECKY QUICK, CNBC: We are live this morning from the Nebraska Furniture Mart, which is one of many Berkshire businesses. Warren, this business in particular, really sees a huge surge of business on the shareholders weekend. What kind of numbers have come through here and how many shareholders do you think were actually here this weekend?

WARREN BUFFETT, BERKSHIRE HATHAWAY CHAIRMAN & CEO: We'll do over $40 million in one week here at the Furniture Mart. That's a lot of business. Most furniture stores don't do that in a year, and it's our biggest week of the year. In fact, it's a normal month. We do about $450 million a year at this store. So it's a normal month, and we do it all in a week. And the stockholders get more excited every year. I mean, I run into people in the elevator a month or two ahead of time. They say thank you for holding the meeting, patting me on the back. They want to come on to the Furniture Mart.

BECKY: So you told us before you expected maybe 38,000 people this year. What do you think the numbers were?

BUFFETT: Not any less than that. This was the biggest meeting by quite a margin because we filled not only the main auditorium, but we filled all three overflow rooms and spilled over to the Hilton, and there were people in the exhibition hall. We can never get a perfect count, but I'm sure we beat anything in the past by at least 3,000. And I wouldn't be surprised if we beat it by 5,000.

BECKY: So somewhere between 38 and 40,000 is what you're guessing?

BUFFETT: Yes.

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  Monday, 5 May 2014 | 6:12 AM ET

Buffett: Congress likely to tackle tax-dodging mergers

Posted By: Alex Crippen

Warren Buffett said "you are getting more mergers that are tax driven" and Congress is "likely to address" the issue.

In response to a question about Pfizer's bid to buy the foreign drug firm AstraZeneca, partially to reduce its U.S. tax bill by moving overseas, Buffett said the trend "will gather momentum and my guess is that when you get to companies of this size, of this prominence, and with the speedup of momentum, my guess is that Congress, one way or another, addresses this. But that could go either direction in how they address it."

Buffett appeared live on CNBC from Omaha with Becky Quick on CNBC's "Squawk Box" following this weekend's Berkshire Hathaway shareholders meeting.

Read More CNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

Congress might, he said, just focus on the narrow section of the tax code that allows a company that merges to move its tax domicile, or "that forces them to rethink all corporate taxes, we'll find out. But I do think it will get attention."

"This whole thing on the foreign situation, I think, will cause one hell of a fight in Corporate America."

Read More US doesn't have a rational tax policy: Jack Welch

Buffett said he'd like to see all companies pay the same tax rate, but those that would see their taxes go up would "squeal" more than the companies that would get a tax reduction.

»Read more
  Monday, 5 May 2014 | 9:03 AM ET

Gates, Munger & Buffett slam high-speed trading

Posted By: Alex Crippen

Warren Buffett, his longtime business partner Charlie Munger, and Bill Gates are no fans of high-frequency trading.

In a live appearance featuring the three men on CNBC Monday morning, Munger said, "It's the functional equivalent of letting rats into a granary" and "does the rest of the civilization no good at all."

Read MoreCNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

Gates, a Berkshire Hathaway board member and chairman of Microsoft, agreed. "It doesn't seem like it's much value-added because when you really need the liquidity it's not guaranteed to be there... It seems like a strange sort of profit."

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  Monday, 5 May 2014 | 8:22 AM ET

Buffett, Munger call themselves a couple of...

Warren Buffett and his right-hand man Charlie Munger brought their brand of slap-stick comedy to CNBC Monday, with each finishing the other's sentences and laughing at their own jokes.

Asked about what drew them together, Munger said that they are both "natural wiseasses." Buffett will be probably be remembered as a teacher, Munger predicted—saying he'd like to remembered that way too, but more likely he's be remembered as a "wiseass."

Read MoreCNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

Buffett said of their decades-long partnership: "We're like an old married couple." They talk only once "every two weeks," Buffett said—adding that he usually calls Munger when he "deep down" knows he's wrong.

Read MoreBuffett, Gates & Munger slam high-speed trading

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  Monday, 5 May 2014 | 10:13 AM ET

Gates: New CEO pushes Microsoft to move faster

With a new CEO in place, Microsoft founder Bill Gates told CNBC on Monday he's excited about taking a more hands-on approach again at the software giant in "re-examining all its strategies."

Gates stood down as chairman in February, but remained a board member. He's now spending about a third of his time as a technology adviser to new Microsoft CEO Satya Nadella, who recently took over for the retiring Steve Ballmer.

"Satya is off to an amazing start," Gates said in a "Squawk Box" interview, following the weekend annual meeting of Berkshire Hathaway—of which he's a director. "[Nadella] drawing on a broad set of people in the company to get them rethink how can Microsoft move a bit faster."

Read MoreCNBC Transcript: Warren Buffett, Charlie Munger and Bill Gates

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About Buffett Watch

  • Warren Buffett is arguably America’s most-admired and most-followed investor. Buffett is the largest shareholder and CEO of Berkshire Hathaway and one of the world’s most famous and most generous philanthropists. Legions of investors - from all walks of life - follow Buffett's homespun investment philosophy: invest in what you know, invest in value. Here on CNBC.com's Warren Buffett Watch, we’ll keep you up to date on what the “Oracle of Omaha” is doing by following Buffett's trades, words and deeds.

 

  • Senior Coordinating Producer

  • Warren Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway