Warren Buffett has acquired another 1.69 million shares of Phillips 66, reports CNBC's Seema Mody.» Read More
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It's not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating.
Shares of Warren Buffett's Berkshire Hathaway are down almost 20 percent from their all-time closing high of last December. Wall Street's generally accepted definition of a 'bear market' involves a 20 percent drop from a recent high. Yesterday, Berkshire shares dipped into bear territory on an intraday basis, before recovering to close at $120,100 .. a 19.5 percent drop from its all-time closing high of $149,200, set on December 10.
Paul Larson says it's time to get back into equities. The equities strategist at Morningstar says buying stocks now will set up your portfolio for a big payoff in three to five years. Larson offered CNBC his top U.S. stocks.
The big spender who won this year's "Power Lunch with Warren Buffett" charity auction with a record high bid of $2,110,100 is Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund, according to a spokesperson for San Francisco's Glide Foundation. I spoke with Zhao by telephone late tonight. He told me his investment philosophy is very similar to Buffett's and he has "lots of questions" to ask him.
This year "Power Lunch with Warren Buffett" charity auction has ended on eBay with a high bid of $2,110,100. That's more than three times larger than last year's record high price of $650,100 paid by investors Mohnish Pabrai and Guy Spiers.
With just under four hours remaining, bidding has topped $300,000 in this year's "Power Lunch with Warren Buffett" charity auction. That's less than half of last year's record $650,100 high bid, but as anyone who has been on eBay knows, savvy bidders hold back until the last few minutes. The auction ends at 10p ET tonight (Friday).
If you want to know what helps make Warren Buffett the world's most popular billionaire, here's a perfect example... A spectacularly uneventful visit to a Berkshire subsidiary in a "drab industrial neighborhood."
The two investors who bid $650,100 in a charity auction to have lunch with Warren Buffett today tell CNBC the "fantastic" experience was "worth every penny." Mohnish Pabrai and Guy Spier, well-known investors in their own right, teamed up to make the winning bid in last year's edition of the annual auction that benefits San Francisco's Glide Foundation. They collected their prize today at New York's Smith & Wollensky Steakhouse. After their meal this afternoon, Pabrai and Spier spoke to Becky Quick in a live interview on CNBC's Closing Bell.
This is a transcript of Warren Buffett's live interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25, 2008 at 12p ET. Buffett tells Becky U.S. inflation is "exploding" and warns that the Federal Reserve must signal controlling prices is not a secondary concern.
Warren Buffett says inflation in the U.S. is "exploding" and he urged the Federal Reserve not to signal in any way that controlling prices is a secondary goal to encouraging economic growth. "Inflation is really picking up. Whether it's steel or oil, we see it everyplace," Buffett said of rising prices. Buffett made his comments in a live interview with Becky Quick on CNBC's Power Lunch.
This is a live blog of Warren Buffett's interview with Becky Quick on CNBC's Power Lunch, Wednesday, June 25. All times eastern.
Warren Buffett is scheduled to appear live with Becky Quick on CNBC's Power Lunch, tomorrow, Wednesday, June 25 at 12p ET. Buffett will be in New York to host his own "Power Lunch" with the high bidders in last year's 'Lunch with Warren' charity auction.
Warren Buffett heads to Chicago next week as the prime attraction at a pair of fund-raising events on behalf of Barack Obama's White House bid.
Kiplinger's offers "mortals" five stocks that fit Warren Buffett's investing criteria.
Bidding has begun for this year's "Power Lunch" with Warren Buffett. Proceeds go the San Francisco's Glide Foundation. Latest bid as of about 10a this morning (Monday): $40,100 .. but it will easily go into six figures before it's over. Buffett does, however, come with "free shipping" according to the auction site.
According to De Standaard, a Belgian newspaper, Warren Buffett stands behind InBev's hostile takeover bid for American brewer Anheuser-Busch,citing sources close to the situation. If true, this could prove a decisive endorsement in pushing the two companies closer to a deal.
Looks like the great American investor will have something to say about the future of the Great American Lager, with Warren Buffett reportedly involved in the hostile takeover battle between Anheuser-Busch and European brewing giant InBev.
Warren Buffett took his love of baseball to a major league mound tonight at Kauffman Stadium in Kansas City, throwing out the ceremonial first pitch before the Royals played the Texas Rangers. As you can see in this photograph provided by the Kansas City Star, Buffett didn't take the job lightly. No word yet on whether Buffett threw a strike or not.
Two musicians with very different styles who didn't know anything about each other are now working together to promote social action. One of them is Akon, the internationally famous Senegal-born "soul singer." The other musician is Peter Buffett, son of the internationally famous investor Warren Buffett.
InBev has made an unsolicited $65-a-share cash offer to acquire Anheuser-Busch, the American brewing giant said after markets closed Wednesday.