A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
"The idea that you're going to spend loads of time trying to guess how many iPhone X ... are going to be sold in a three-month period totally misses the point," the Berkshire Hathaway chairman and CEO said in a "Squawk Box " interview that aired Friday. "It's like worrying about the number of BlackBerrys 10 years ago."
Buffett revealed that Berkshire bought an astounding 75 million shares of Apple during the first quarter. That adds to the 165.3 million shares Berkshire already owned at the end of 2017.
As of Thursday's closing price of $176.89 per share, Berkshire's Apple stake was worth about $42.5 billion. Berkshire is now the third largest Apple shareholder, behind Vanguard and BlackRock.
Apple has "a wide, wide gap. I mean it's an amazing business," Buffett told CNBC's Becky Quick. "You can put all of their products on a dining room table."
"Nobody buys a farm based on whether they think it's going to rain next year," he added. "They buy it because they think it's a good investment over 10 or 20 years."
Berkshire first made an investment in Apple in 2016 after a person at the firm bought about 10 million shares. Buffett then looked at the stock and purchased considerably more, the billionaire recalled in August to CNBC.
Apple reported quarterly earnings this week that beat expectations but sold fewer iPhones than expected. Still, the number of iPhones sold appeared to calm investors about a potential slowdown in sales and speculation that Apple might be looking to wind down the iPhone X.
The tech giant late Tuesday also increased its quarterly dividend by 16 percent and announced a $100 billion buyback program.
In his CNBC interview, Buffett also said he believes the economy is growing faster than 2 percent. "The last seven or eight years have averaged 2 percent roughly," he pointed out. "It's stronger than that right now."
Buffett spoke to CNBC on Thursday evening from Omaha, Nebraska, where tens of thousands of Berkshire shareholders were gathering for Saturday's annual meeting.