Fast Money's Karen Finerman caught up with Warren Buffett on Thursday. You might be surprised to hear what she found out!
Despite the bearish comments from many companies (I outlined them in my Trader Talk note earlier), there are a surprising number of traders who are arguing there is reason to start feeling more optimistic.
In an interview tonight (Wednesday) with Charlie Rose on PBS, Warren Buffett says, "In my adult lifetime I don't think I've ever seen people as fearful, economically, as they are now... The economy is going to be getting worse for a while." Bloomberg also reports Buffett tells Rose that the freezing of credit markets is "sucking blood" from the U.S. economy, which he compares to a heart attack victim "flat on the floor."
Warren Buffett biographer Alice Schroeder offers three Buffett-style tips for investing in turbulent times during an appearance on CNBC's Power Lunch.
Congressional leaders "sweeten" the $700 billion financial rescue package to attract enough House members, particularly Republicans, to pass the plan that failed in the House just two days ago. In the meantime, billionaire investor Warren Buffett takes opportunity of the rocky markets to invest $3 Billion in GE, the parent company of CNBC. Following are today's top videos:
Don't believe the pundits. All hope is not lost. Here are the Mad Money host's strategies for surviving this difficult market.
Stocks ended lower Wednesday amid concerns about strained credit markets and the economic slowdown. Banks rallied as investors were encouraged by progress on bailout talks on Capitol Hill. GE got a vote of confidence -- to the tune of $3 billion -- from Warren Buffett.
If some other recent offerings are any indication, this might be the time to buy.
GE's announcement of a $15 billion capital raise ($12 b in common, $3 b in preferred to Warren Buffett with a 10 percent dividend) is difficult news for shareholders, but everyone agrees that two things need to be done:
Warren Buffett is making a $3 billion investment in General Electric in a vote of confidence designed to ease global market fears about the health of its GE Capital unit. He talked about his admiration for GE and his hopes for a bailout package from Congress in a live telephone interview with CNBC's Becky Quick. Here's the unofficial "rush" transcript.
Shares of Chinese battery maker and 'green' car maker BYB Company Limited soared 42 percent today in Hong Kong trading, after this weekend's announcement that Warren Buffett is investing in the company.
The first authorized biography of Warren Buffett is being published today. The Snowball: Warren Buffett and the Business of Life was written by former insurance industry analyst Alice Schroeder with Buffett's full cooperation. Here are some excerpts from the book, as provided by its publisher, Bantam Dell.
Warren Buffett's "self-doubt and vulnerability" surprised the author of The Snowball, the billionaire investor's first authorized biography that goes on sale tomorrow. Alice Schroeder tells why in an interview with Reuters.
A subsidiary of Warren Buffett's Berkshire Hathaway is making a $230 million investment in a Chinese battery company that's developing environmentally-friendly cars to be sold around the world. In a news release, Berkshire's MidAmerican Energy Holdings says it has agreed to buy a 10 percent stake in BYD Company Limited, which trades on Hong Kong's stock exchange.
Warren Buffett says in the new biography coming out Monday that letting his wife leave their Omaha home in 1977 was the "biggest mistake I ever made," according to The New York Daily News. One of the reasons Susie began a romance with her tennis coach and then left her "iceberg" husband: Katherine Graham's public flirtation with Buffett when the Washington Post publisher was a 59-year-old widow and he was 46.
For the week ending Friday, September 26, 2008, the major U.S. Indices tumbled for the week as uncertainty lingered over the Congressional $700B bailout package. We also witnessed a historic bank failure, unsatisfying housing data, a continued rise in jobless claims, and a record one-day gain in the price of crude. The S&P 500 and NASDAQ Composite shed more than 3% for the week. The NASDAQ had the worst weekly performance amongst the three major indices, losing 3.98%, followed by S&P 500 which lost 3.3%, marking their biggest weekly drops since the start of Sept. for the NASDAQ & since mid May for the S&P.
The first authorized biography of Warren Buffett goes on sale Monday, September 29, and it could very well be the biggest business book of the year, both in sales and weight. (At 976 pages, the hardcover edition weighs in at three pounds, 6.5 ounces.) The publisher has posted a few excerpts, including a description of Buffett's 1999 "preaching" to an audience that thought the Internet would make them rich, forever.
The US government has taken a number of dramatic steps—both conventional and extraordinary—to try to remedy the problem. Take a look at what's been done.
Markets may test new lows as the US bailout plan is delayed.
Cash is king is no longer just a cliché, it has become a mantra for markets in times of high uncertainty.