Warren Buffett's retreat from "volatile" catastrophic property damage reinsurance gets a spotlight in today's (Monday) Wall Street Journal.
Barron's is taking a strong bullish stand on shares of Warren Buffett's Berkshire Hathaway, calling them a "bargain" in the mid-$80Ks. A price target of $110,000 in the next year "doesn't seem outlandish" given its current price to book ratio.
Last Friday, the closely-watched University of Michigan consumer confidence survey registered a disappointing reading of 64.6, when hopes had been for a 70 or so. But maybe it shouldn't have been a surprise, figuring that, during the month, energy prices were high (since reversed, of course), the stock market was struggling, and unemployment continued to rise.
Warren Buffett isn't shy about giving advice. If he hadn't gone into the investing business, he could well have made teaching his profession. Now that he's the world's greatest living investor, there are plenty of pupils anxious to attend class. Today, ABC's Good Morning America featured several Buffett lessons.
Warren Buffett spoke tonight (Thursday) on tape with CNBC's Julia Boorstin at Herb Allen's Sun Valley media conference. He remains pessimistic about the economy's short-term prospects, saying the latest number from his Berkshire Hathaway companies show that consumer spending remains very weak. This is a video clip and transcript of Julia's entire conversation with Buffett.
Warren Buffett is prescribing some serious medicine to remedy the economy. And it could be a bitter pill for many to swallow.
Warren Buffett tells CNBC that consumer sales by Berkshire Hathaway companies have remained "very, very soft" in recent weeks. In a taped interview with Julia Boorstin today (Thursday) at Herb Allen's Sun Valley media retreat, Buffett says he'll know when things pick up because he gets constant updates on sales from his companies.
Warren Buffett is repeating his call for a second economic stimulus package, telling ABC News the first one passed earlier this year was excessively diluted by lawmakers' pet spending projects, like "half a tablet of Viagra mixed with candy."
The Chinese investor who donated $2.1 million dollars for lunch in late June with Warren Buffett says his "tip from a friend" was not designed to influence the stock price of a relatively little known retailer in China.
Warren Buffett's annual gift of Berkshire Hathaway stock to the Bill and Melinda Gates Foundation is worth $1.25 billion this year, a drop of over 30 percent from last year's $1.8 billion.
A humorous video clip shown to shareholders featuring Warren Buffett as a mattress salesman is part of a marketing campaign for a real Nervous Nellie model available from Berkshire subsidiary Nebraska Furniture Mart. Built for troubled times, it features a hiding place for cash and other valuables.
Warren Buffett's Berkshire Hathaway is losing to the benchmark S&P 500 stock index as the first half of the year comes to a close. Buffett's three-year winning streak is at risk.
Considering shares of Berkshire Hathaway are down about 10% year to date, is it still a good idea to bet on Buffett?
Warren Buffett likes to say, "It's only when the tide goes out that you know who's been swimming naked." That's his way of saying a downturn exposes those who had been taking on excessive risk when times were good. The other side of the tide is featured in a glowing report on Berkshire Hathaway today from a stock analyst initiating coverage with an "outperform."
The price of lunch with Warren Buffett has gone down since last year but it's still not cheap. Tonight (Friday), this year's charity eBay auction ended at $1,680,300. The winner wants to be anonymous. That's 20 percent below last year's record $2.1 million but 2-1/2 times the previous year's price.
Bidding for next year's charity lunch with Warren Buffett has accelerated as the auction goes into its final day. The high bid stands at $456,789 with less than 10 hours remaining until the eBay auction closes at 10p ET tonight (Friday.) There's still a long way to go, however, to top last year's record $2.1 million tab.
Just which way are the markets headed? Art Cashin, floor director at UBS weighed in Thursday. "The market's staggering a bit here," said Cashin.
Download the full transcript of Warren Buffett's headline-generating live interview on June 24, 2009 with CNBC's Becky Quick.
Warren Buffett appeared live on CNBC with Becky Quick today, Wednesday, June 24, 2009. Buffett told us the economy is in a "shambles" with no signs of a recovery anytime soon. He also criticized Apple for not disclosing earlier that CEO Steve Jobs had received a liver transplant. This is a transcript of their conversation.
In a live interview on CNBC today, Warren Buffett said there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet."