Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"The people making the decision on Amazon are absolutely [as] much value investors as I was when I was looking around for all these things selling below working capital years ago. That has not changed," Buffett said Saturday during a Q&A session at Berkshire's annual meeting at the CHI Health Center in Omaha, Nebraska. "The considerations are identical when you buy Amazon versus ... say a bank stock that looks cheap against book value or earnings of some sort."
Buffett said the money managers who bought Amazon shares took into consideration a slew of financial metrics including the company's sales, margins, tangible assets, excess cash and excess debt.
"All those things go into making a calculation as to whether they should buy A versus B versus C and they are absolutely following the principal...I don't second guess them," he added.
Berkshire has been sticking with big value companies such as Coca-Cola and Bank of America over the years, missing out on the big tech boom that saw some of the so-called FANG names crossing $1 trillion market cap. Buffett just started purchasing Apple as recently as February 2017.
Berkshire's vice chairman and longtime investing partner, Charlie Munger, said he'd forgiven himself for not investing in Amazon earlier, but missing out on Google is a hard one to swallow.
"Warren and I are a little older than some people... Of course if something extreme as the internet happens and you don't catch it, other people are going to blow by you ... I give myself a pass. But I feel like a horse's ass for not identifying Google better. I think Warren feels the same way," Munger said Saturday.
"We saw it in our own operations and how well the Google advertising is working and we just sat there sucking our thumbs," Munger added.
Google parent Alphabet's stock has surged from about $96 a share at its inception in 2004 to about $1,189 today.