President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Despite a sour year in which Berkshire Hathaway posted a loss and was forced to write down $3 billion on its investments, Warren Buffett told shareholders that he wants to make a big acquisition.
There is just one problem: Prices are too high.
"In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects," Buffett wrote in the letter released Saturday morning.
"That disappointing reality means that 2019 will likely see us again expanding our holdings of marketable equities," Buffett added. "We continue, nevertheless, to hope for an elephant-sized acquisition. Even at our ages of 88 and 95 – I'm the young one – that prospect is what causes my heart and Charlie's to beat faster."
He also said, however, that this was "not a market call," noting he did not know how stocks will actually behave this year.
Buffett said Berkshire Hathaway had $112 billion in cash at the end of 2018, despite taking a beating on its investment in beleaguered consumer giant Kraft Heinz. Investors were eager to find out what Buffett's plans were for Berkshire Hathaway's massive cash pile. In past years, Buffett has told investors he had not found anything to buy that wasn't overpriced.
Meanwhile, Berkshire Hathaway has taken a massive stake in Apple over the past three years. The business giant has also added to its bank holdings and took new stakes in airlines.
Buffett's annual letter comes days after Kraft Heinz, one of the company's biggest holdings, wrote down more than $15 billion on two of its most well-known brands: Oscar Mayer and Kraft. Kraft Heinz also trimmed its dividend and disclosed that the Securities and Exchange Commission is investigating its accounting practices.
The news sent Kraft Heinz's stock down about 30 percent and slashed the value of Berkshire's stake in the company by more than $4 billion.
It also led Barclays analyst Jay Gelb to slash his earnings estimate on Berkshire in half. The analyst also said in a note to clients that Berkshire's quarterly numbers will likely be impacted by "substantial catastrophe losses for the global insurance industry" due to the wildfires in California last year and Hurricane Michael.
—CNBC's Liz Moyer contributed to this report.