Stocks rose significantly Tuesday after days of losses, following a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot gains, Kraft slips.
U.S. stock index futures are higher after the government released data on industriarl production, capacity utilization, housing starts and the July Producer Price Index. WalMart and Home Depot reported better-than-expected results.
Warren Buffett's Berkshire Hathaway boosted its stake in Johnson & Johnson by 73 percent between March 31 and June 30, adding 17.4 million shares worth just over $1 billion at today's closing price of $58.01.
An increase in short-duration bonds in the Berkshire Hathaway portfolio is being seen as a sign Warren Buffett expects higher interest rates sooner rather than later.
Find out why the Mad Money host called this stock a "clear buy."
Warren Buffett's Berkshire Hathaway reports a 72.7 percent increase in its second quarter operating earnings to $3.07 billion, with "major contributor" Burlington Northern Santa Fe adding $603 million during the period. But unrealized losses on derivatives contracts helped bring Berkshire's net earnings down by 40 percent.
Warren Buffett and Bill Gates have convinced forty of the nation's "wealthiest families and individuals" to take their "Giving Pledge." Just six weeks after issuing a challenge in Fortune Magazine to their fellow billionaires, Buffett and Gates have won a substantial number of public promises to "return the majority of their wealth to charitable causes." Buffett says today, "We've really just started, but already we've had a terrific response."
Charlie Munger has told the Wall Street Journal that "in my mind, it is a foregone conclusion" that Chinese investor Li Lu will become one of Berkshire Hathaway's top decision makers on investments. Based on hints in the article from Buffett himself, that could happen sooner rather than later.
Warren Buffett's Dairy Queen is in a legal fight with a southern California frozen yogurt company that pits the 'Blizzard' against the 'Blizzberry.'
An economy that has yet to show signs of a sustained recovery is providing little reward for investors looking to take risks, Travelers President and CEO Jay Fishman said.
President Barack Obama reveals to NBC News what Warren Buffett told him about the economy when the two men sat down at the White House earlier this week.
Warren Buffett tells CNBC today that he'd "never heard" of an obscure 35-year-old book on German hyperinflation in the 1920s until a reporter called a few days ago to ask about a report he's recommending it to friends.
Warren Buffett got a sit-down meeting with President Obama at the White House, complete with a new tie. A White House official says Obama noticed that Buffett's tie was frayed when he arrived to discuss the economy and job creation. That prompted the president to give Buffett a new, gift-wrapped red tie.
Cramer went Off the Charts to find out.
A former executive of Berkshire Hathaway subsidiary Forest River, who claims he "lost his job and had his reputation destroyed" because he followed Berkshire's Code of Business Conduct and Ethics, wants Warren Buffett to be questioned under oath in the case.
Warren Buffett's Berkshire Hathaway has been downgraded to 'sell' by Stifel Nicolaus analyst Meyer Shields and his team. Shields previously had a 'hold' recommendation on the stock. He discussed his call in a live appearance on CNBC's Fast Money Halftime today.
Warren Buffett says Tony Hayward should not continue as BP's CEO, so that the American people can "feel better" about the company's response to its massive oil spill in the Gulf of Mexico. In a videtaped interview with Willow Bay for the Huffington Post and Yahoo News, Buffett says it is not in the interest of either BP or the nation for Hayward to keep his job.
Anytime a company becomes less of what it was, investors need to rethink how it's valued and why they own it. If nothing else, it's an important discussion point that takes nothing away from Berkshire or Warren Buffett.
Warren Buffett's Berkshire Hathaway, along with other companies in similar circumstances, won't have to put up any collateral for existing derivatives contracts, according to a letter written by two of the key FinReg lawmakers on Capitol Hill.
Warren Buffett's annual gift of Berkshire Hathaway Class B shares to the Bill and Melinda Gates Foundation is worth about $1.6 billion dollars this time around, lifting his total donation to $8 billion over five years .. and there's more to come.