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Berkshire Hathaway's nearly 14 million shares of Carmax are worth substantially more at today's closing bell than they were 24 hours before. The big rally follows the revelation in an SEC filing by Warren Buffett's holding company that it held 13,981,800 shares of the nation's biggest used-car retailer as of September 30, the end of Berkshire's third quarter.
Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.
Good and bad news this morning. Good news: CPI in line with expectations. --More relief on the subprime front. UBS said they do not expect a major write-down of subprime-related exposures.
Billionaire Warren Buffett's holding company bought nearly 14 million shares in Carmax , the largest specialty used-car retailer in the United States.
Check out this web-only video clip showing some behind the scenes shots after today's appearance by Warren Buffett before the Senate Finance Committee, including a long walk down the hallway and an elevator that "doesn't stop for billionaires."
This is live real-time blog coverage of Warren Buffett's appearance before the Senate Finance Committee for a hearing on estate taxes.
Warren Buffett has arrived here in Room 215 of the Dirksen Senate Office Building, ready for his appearance a little later this morning before the Senate Finance Committee. The guards are saying a big crowd is expected. No surprise when Buffett's involved.
Today's Wall Street Journal Heard on the Street column quotes some unnamed "people familiar with the matter" as saying Warren Buffett's Berkshire Hathaway could make big profits by throwing a "lifeline" to bond insurers hurt by excessive fears over credit market losses.
Warren Buffett, chairman of Berkshire Hathaway, may cash in from the credit market turmoil and worries surrounding the financial strength of bond insurers, including Ambac Financial Group and MBIA, the Wall Street Journal said in its online edition on Monday.
Some of Warren Buffett's fellow bilionaires in the Forbes 400 speak out on his million-dollar challenge over tax rates and the very wealthy. So far, no takers.
Warren Buffett will be heading to Washington next Wednesday, to testify against eliminating the nation's estate taxes. It appears to be part of Buffett's "billionaires like me don't pay enough in taxes" campaign, which has not exactly caught on among his fellow members of the Forbes 400 club.
It turns out that supermodel Gisele Bundchen isn't siding with Warren Buffett as a U.S. dollar bear after all, her manager tells CNBC.
Contrary to earlier reports, supermodel Gisele Bundchen has NOT asked to be paid in euros instead of dollars, her manager told CNBC.
They're both famous, they're both very wealthy and they both don't want to get paid in U.S. dollars right now if they can avoid it. One major difference: she dresses better.
The Wall Street Journal points out this morning that Warren Buffett has been increasingly selling derivatives, which he described a few years ago as "financial weapons of mass destruction."
Lots of people call on Warren Buffett for support. But this particular call for support is, well, somewhat unusual. In the new issue of Time Magazine, Senior Editor Belinda Luscombe, writes an open letter to Mr. Buffett, calling on his support on behalf of "the women of America" because "they need you. Badly."
Operating earnings at Warren Buffett's Berkshire Hathaway fell slightly in the third quarter, with a big drop in profits for its insurance-underwriting operations.But the company posted a big increase in net earnings due to a $2 billion dollar one-time gain from sales of investments (PetroChina!)
Warren Buffett's Berkshire Hathaway said on Friday its third-quarter profit rose 64 percent, helped by investment gains including the sale of a stake in PetroChina.
In a web-only video clip, CNBC's Becky Quick tells Managing Editor Tyler Mathisen what she learned during her whirlwind tour of Asia last week with Warren Buffett, including one of his daily habits that helps make him a great investor.
A preview of Berkshire Hathaway's third quarter earnings report, to be released after the close of trading today.