“It should be taken seriously because it’s a new sign that [Warren Buffett] is acknowledging that he’s not going to be [at Berkshire] forever, and that he’s letting go of the reins a bit,” author Alice Schroeder said.
The decision by Warren Buffett's conglomerate Berkshire Hathaway to launch a share buyback program does not bode well for the overall market, Grasso said.
Shares of Warren Buffett's Berkshire Hathaway are soaring on this morning's announcement the company may repurchase some of the company's Class A and/or Class B shares if they're cheap enough. Buffett appears to be loosening his definition of "cheap enough" but that doesn't necessarily mean buybacks are underway now.
Berkshire Hathaway has authorized a repurchase of its shares. But will it follow through and actually buy in some stock? Alice Schroeder, author of "The Snowball: Warren Buffett and the Business of Life," joins CNBC's Strategy Session to discuss.
Whether the taxes on the rich in Europe raise enough money to close much of their budget shortfalls, they are being promoted as a step toward economic fairness at a time when governments are cutting spending on social programs like pensions, health care and education. The New York Times reports.
Warren Buffett's estimated fortune dropped by $6 billion over the past year to $39 billion in the just-released Forbes 400 list of richest Americans. He's the only person in the top 20 to see his wealth drop. But he's also number one on the magazine's ranking of biggest charitable gifts made by members of the Forbes 400 club.
CNBC.com looked at the top ten colleges and discovered which CEOs spent time there as underclassmen. Check out what we found.
Liberal group MoveOn.org joins the political debate over President Obama's proposed 'Buffett rule' with a new TV ad that uses "Buffett's secretary" as a symbol for 'working-class' Americans.
One of Warren Buffett's guiding principles is that he won't get into a bidding war for an acquisition. Ajit Jain, one of Buffett's top Berkshire execs, did get into the fray for reinsurer Transatlantic Holdings, but he's not staying in the fight.
Republicans are accusing President Obama of waging "class warfare" with his proposal for a new "Buffett Rule" that would create a minimum tax rate for anyone making more than one million dollars a year.
The president on Monday will call for a new minimum tax rate for individuals making more than $1 million a year that will replace the alternative minimum tax and ensure that the wealthy pay at least the same percentage of their earnings as middle-income taxpayers, the New York Times reports.
President Obama will propose a "Buffett Tax" on people earning more than $1 million a year when he unveils his deficit plan on Monday, the White House said.
Warren Buffett says the two new money managers he hired will be paying taxes at a much higher rate now that they'll be getting a salary from Berkshire Hathaway, but they're not bothered "one bit."
Many of the hedge fund managers at the Delivering Alpha conference are not pleased with Barack Obama's proposal to raise taxes on carried interest. But they're hardly panicking about it either.
Bank of America's CEO Brian Moynihan once again laid out his company's plan to meet regulatory capital requirements and denied that the company will have to issue new stock to raise capital. The bank can meet its requirements simply by retaining profits.
Warren Buffett makes some more hiring at Berkshire, announcing that Ted Weshler will join the company in the coming months. Insight with Carol Loomis, Fortune senior editor at large.
A portfolio manager who paid a total of $5.3 billion for two dinners with Warren Buffett has just been hired to help pick stocks at Berkshire Hathaway.
Bank regulators from the Federal Reserve have been pushing Bank of America to put in place a plan for what to do if conditions worsen, according to The Wall Street Journal.
Pulitzer Prize winning journalist Jesse Eisinger raises an important point about Bank of America—and the banking system in general.