With shares of large-capitalization technology companies in correction territory, value and growth investors debate good buys.» Read More
New York State Insurance Superintendent Eric Dinallo says efforts to recapitalize troubled bond insurer Ambac are in the eighth inning, and he is optimistic there will be a resolution.
Warren Buffett will respond to some of your email questions about his annual letter to Berkshire shareholders this coming Monday morning, March 3, live from Omaha, exclusively on CNBC's Squawk Box. Here's how you can send us a question that might be answered by the Oracle himself.
In a live on-set interview during today's Closing Bell on CNBC, MBIA's new CEO Jay Brown told us he's "comfortable" going up against Warren Buffett's new bond insurance company, although he acknowledges that Berkshire Hathaway can be "tough" competition. In response to a question about Buffett "going after" his business, Brown suggested Buffett might not be in it for the long haul.
A federal jury has found five former insurance company executives guilty of a scheme to manipulate the financial statements of the world's largest insurance company.
Four former executives of Berkshire Hathaway's General Re have just been found guilty in a closely watched criminal fraud trial that could have brought Warren Buffett to the witness stand. A former executive of American International Group was also convicted by the jury, following a one-month federal court trial in Hartford, Connecticut.
Housing numbers, inflation data and lots of Fed speak loom large for markets but it may be the fate of bond insurers that really drive the direction of trading in the week ahead.
Warren Buffett's new bond insurance company has backed more than 100 municipal bonds in the past two days, according to Reuters, which calls it a "development that shows just how fast the new unit is growing in a field where rivals are struggling."
Warren Buffett says he's addicted to Bridge. To emphasize just how much, he told CBS News, "You know, if I'm playing bridge and a naked woman walks by, I don't ever see her."
While the ‘buy low, sell high' principle gave way to the ‘buy high, sell higher’ mantra of the dot-com bubble, conservative value investing seems to be back in fashion on Wall Street. Is it a coincidence that Warren Buffett is a value player?
Kraft Foods rallied by 6.9 percent to close at $31.33, the day after Warren Buffett's Berkshire Hathaway revealed it has accumulated an 8.6 percent stake in the company, becoming Kraft's largest shareholder. That's the biggest one-day percentage gain ever for Kraft, which began trading on the NYSE in 2001.
Warren Buffett's Berkshire Hathaway has accumulated an 8.6% stake in Kraft Foods, totaling over 132 million shares as of the end of the fourth quarter on December 31. That stake was worth $4.3 billion at that time. At today's closing price of $29.31, it's worth about $3.9 billion. EXPLORE WARREN BUFFETT'S INVESTMENTS WITH OUR NEW BERKSHIRE HATHAWAY PORTFOLIO TRACKER
As the financial world continues to furiously debate Warren Buffett's offer to reinsure billions of dollars worth of municipal bonds, shares of Buffett's holding company continue to recover from their January low. Berkshire Hathaway closed today (Wednesday) at $143,980 each, up $4280, just over 3%, on the day. It's the first close above $140K this year and a two-month high for the stock.
Cramer's favorite sectors surged today. Here's why.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Troubled bond insurer Ambac Financial Group said it has rejected extra guarantees on municipal bonds offered by billionaire investor Warren Buffett -- and it may not be the first to have done so.
Cramer is standing by the beleaguered housing stock. Also, his take on Warren Buffett's bond insurer band-aid and why GM could go to $50.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Buffett offer to take over the insurance liability of the municipal bond part of the mortgage insurers portfolio is causing a lot of debate on the Street. The general conclusion is, good for municipal bond holders, good for furthering a solution to another piece of the credit mess, but bad for the bond insurers, and the market is reflecting that in the down prices of the insurers today.
Warren Buffett's offer to reinsure $800 billion of municipal bonds insured by bond insurers is a positive for the capital markets, Bill Ackman, founder of Pershing Square Capital Management, which has sold bond insurer shares short, said on CNBC.
This morning on CNBC's Squawk Box, Warren Buffett publicly revealed for the first time that he has offered to reinsure $800 billion in municipal bonds now covered by the troubled insurers MBIA, Ambac and FGIC. Here is a video and transcript of the second part of this morning's live phone conversation, which also includes Buffett's comment that stocks are in the "general range of fair value" right now.
Warren Buffett's offer to back the municipal bond portfolios of three monoline insurers has put some bounce into stocks today, and it's also waking up the credit markets. Buffett's offer to have his Berkshire Hathaway guarantee the $800 billion municipal bonds covered by three troubled insurers is giving a big boost of confidence to a market made anxious...
Rally on strength in cyclicals, agricultural stocks, insurance and banks. Markets are up for a couple reasons this morning. Most importantly, there is a sense that efforts are being made to address the credit problems, whether it is: