Warren Buffett says he's not joining the gold rush that has sent the commodity to record highs above $1500 an ounce. He thinks the only thing you can do with the metal is "fondle" it. He also says Berkshire has been out of the foreign exchange markets lately and probably won't be making another big currency bet.
Warren Buffett tells shareholders he made a "big mistake" when he didn't ask David Sokol for more details on his Lubrizol holdings. Calling Sokol's actions "inexplicable and inexcusable," Buffett says he'll never understand why Sokol didn't fully disclose he had recently bought shares in a company he then recommended as a Berkshire acquisition.
Warren Buffett tells shareholders for the first time in nine years, Berkshire Hathaway will "likely have an insurance underwriting loss this year."
Billionaire investor and Berkshire-Hathaway founder Warren Buffett talks to Becky about the economy, David Sokol and his outlook for the future.
Robust earnings reports and new money from fund managers may put a bounce into stocks at the start of the week, but the focus will quickly turn to economic news, especially Friday's April jobs report.
Mario Gabelli, a Berkshire shareholder for 25 years, he said he is not concerned about short-term issues such as the ethical conduct of departed heir-apparent David Sokol but does want to know where Warren Buffett will spend the company's money next.
Warren Buffett promises to answer all questions about the David Sokol scandal, and there will certainly be plenty of them tomorrow as roughly 40-thousand Berkshire Hathaway shareholders gather in Omaha. But Buffett tells us he doesn't expect a "different" tone at the meeting and predicts a lot of shareholders will concentrate on "Berkshire and its prospects."
Warren Buffett tells CNBC that Federal Reserve Chairman Ben Bernanke is a "very, very smart man." Even so, Buffett says, "I still worry about inflation."
Investors flock to Omaha for Berkshire Hathaway's annual meeting. CNBC's Becky Quick has the story.
A look ahead of Warren Buffett's investor meeting tomorrow, Mario Gabelli, GAMCO Investors chairman/CEO.
CNBC's Becky Quick hears billionaire investor Warren Buffett's feelings about the danger of inflation.
It's a royal-free Friday on CNBC. No weddings, just our own type of drama ahead of the annual Berkshire Hathaway getaway. Throw in some blue chip earnings and a high-profile guidance cut. Here's what we're watching…
Lawyers for Berkshire Hathaway and David Sokol fire off deuling public statements after the company's Audit Committee publicly accuses Sokol of betraying Berkshire.
Warren Buffett tells CNBC he wants to make his first public comments to shareholders this weekend about tonight's blistering report by Berkshire Hathaway's Audit Committee on David Sokol's Lubrizol trades.
General Electric, the world's largest conglomerate with products ranging from light bulbs to turbines, has been rocked by controversies and dogged by slow growth during the tenure of Chief Executive Officer Jeffrey Immelt, dividing investors on whether the company's stock is a buy or sell. ...A report from TheStreet.
Investing is a cold-hearted endeavor, and as the response to the BP spill evolved, investors tried to find ways to profit from it. Shares of oil-dispersant maker Nalco rose in the wake of the disaster but have since fallen, as its product is alleged to have been as bad for the ecology as the oil that spilled.
Markets quake after S&P touches the third rail. Goldman reports earnings without Buffett on its back. Research In Motion preps its unloved tablet and McDonald's conducts a supersized job fair. Here's what we're watching…
Warren Buffett has received an unwanted check for more than $5.5 billion from Goldman Sachs. CNBC's Becky Quick confirmes the payment has been made. It is right on schedule, but not welcome.
During his illustrious career, Warren Buffett has ventured into a vast number of market sectors. Energy is a major component of Buffett's empire. And his investment goes way beyond oil. ...A report from TheStreet.
Some questions put everyone to sleep; others make people sweat. Both are dangerous.