In a conversation published today focusing on why he likes Wells Fargo, Warren Buffett told Fortune's Adam Lashinsky: "We own stock in four banks: USB, Wells, M&T, and SunTrust." That raised a question. What about the five million Bank of America shares owned by Berkshire Hathaway as of the end of last year? We now have the answer to the 'mystery' of the 'missing' B of A shares, straight from Buffett himself.
Warren Buffett says you should judge a banker by how they bank, not by their speeches or PR: "It's what they do and what they don't do. And what Wells (Fargo) didn't do is what defines their greatness." Buffett tells Fortune's Adam Lashinsky that Wells didn't do "dumb things" just because all the other banks were doing them.
Warren Buffett is in the driver's seat when it comes to the "car of the future," says Fortune. The magazine has put Buffett on its cover ("Buffett's Electric Car") along with the BYD E6, for a major story on Berkshire Hathaway's investment last fall in the Chinese company that is working to challenge the world's biggest automakers. The cover asks, "If the Oracle's plugging in, shouldn't you?"
If you were listening carefully to Warren Buffett on CNBC one month ago today, you heard him say, "This is a great time to be in banking." It may not have made sense to you then, but it should today.
The audience tests Cramer’s 30 years of Wall Street experience with questions about Berkshire Hathaway’s legendary leader, 401(k)s versus Roth IRAs, alternative energy and more.
Warren Buffett's Berkshire Hathaway has lost its coveted top-level credit rating from Moody's Investors Service, but a well-known Buffett watcher says the move will have only a very small impact on the company. Tonight Moody's downgraded Berkshire by two notches to Aa2 from Aaa. The ratings agency says severe stock price declines and the U.S. recession have weakened an important Berkshire reinsurance subsidiary.
The Securities and Exchange Commission accuses a Toronto-based fund manager who calls himself the "Chinese Warren Buffett" of running a multi-million dollar Ponzi scheme aimed mostly at Chinese-Americans in the Dallas area. Weizhen Tang tells Bloomberg his firm has had "difficulties" but denies he's done anything wrong.
Warren Buffett's Berkshire Hathaway issued a news release a short time ago to announce the Chairman and CEO of one of its jewelry retailers "has decided to resign effective today." Beryl Raff replaces Marvin Beasley as the top executive at Helzberg Diamond Shops. There's no mention of why he's resigned or his performance as CEO.
Stocks closed out a tough quarter on a positive note, helped by gains in technology and big banks.
Warren Buffett's official biographer calls Byron Trott a "perfect candidate" to eventually take over at Berkshire Hathaway, now that Buffett's favorite investment banker has left Goldman Sachs. But another prominent Buffett watcher says there's "no chance."
US stock index futures pointed to a higher open Tuesday, following a sharp decline in the previous session as investors digested the Obama administration’s tough stance on General Motors and Chrysler.
Warren Buffett tells the Wall Street Journal that Berkshire Hathaway plans to invest in a new firm to be created by one of the few investment bankers to ever win his respect. Byron Trott is leaving Goldman Sachs to start his own merchant-banking firm to be called BDT Capital Partners.
How in the world do Wall Street and Washington restore trust with the American public? It's a question both sides have wrestled with for months. But we're tackling it tonight on our CNBC special, "Restoring Trust: How to Fix America's Economy."
A new "issue-inspired song" written by Peter Buffett, gets its debut tonight (Wednesday) at a commemorative concert in the United Nation's General Assembly Hall. "Blood Into Gold" also features Akon, the internationally-known, Grammy-nominated rap/R&B singer.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Warren Buffett's Berkshire Hathaway will keep its top-level AAA rating from Standard & Poor's for the moment, but the ratings agency says that could change. S&P has lowered its outlook on Berkshire to "negative" from "stable" and indicated it may downgrade the company's rating by one notch over the next twelve months. Is Moody's next?
Futures advanced Wednesday after an unexpected rise in durable-goods orders snapped a six-month slide.
Warren Buffett's warrants to buy over 43 million shares of Goldman Sachs at $115 each are almost back "in the money" as the firm's stock more than doubles in recent months.
Shares of Warren Buffett's Berkshire Hathaway (Class A) are back at $90,000 tonight after rallying more then 28 percent over the past 12 trading days. The stock advanced 6.4 percent today (Monday), or $5426 each, to close at exactly $90,000.00 in New York trading.