Tom Steyer founded Farallon Capital Management in 1986 and the success of the hedge fund made him a billionaire. He has a similar investing philosophy to Warren Buffett.
July 3- Proterra Inc, the U.S. electric bus manufacturer whose investors include car makers Daimler AG and BMW AG, has hired investment banks to prepare for an initial public offering, according to people familiar with the matter. The Burlingame, California company employs several former executives from electric car maker Tesla Inc. It is working with...
July 1- Warren Buffett is donating roughly $3.6 billion of Berkshire Hathaway Inc stock to five charities, including the Bill& Melinda Gates Foundation, the biggest contribution in Buffett's plan to give away his fortune. The rest goes to the Susan Thompson Buffett Foundation, named for Buffett's late first wife, and charities run by his children Howard, Susan...
Warren Buffett took control of Berkshire Hathaway in 1965, when it was then a lagging textile mill in Massachusetts. Today, the investment conglomerate has a market capitalization of over $500 billion and Buffett is a multibillionaire.
Warren Buffett said he will give $3.6 billion worth of Berkshire Hathaway shares to five foundations, including the Bill & Melinda Gates Foundation.
The idea of UBI has big names from Elon Musk to presidential candidate Andrew Yang stoking the conversation. Here's a look at what it means.
Carl Icahn ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.
June 26- Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. The deal has been approved by the U.S. Federal Trade Commission and is expected to close in the second half of the year.
June 19- Axalta Coating Systems Ltd, the U.S. coatings company whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, said on Wednesday it had formed a board committee to explore a sale of the company. Axalta shares jumped 14 percent on the news to $29.52 a share, giving the company a market capitalization of about $7 billion. Axalta, a former...
CNBC's Carl Quintanilla reports from Hanoi, ahead of the Trump-Xi trade meeting, on Vietnam's manufacturing boom and whether it can be sustained.
Buffett says he has no tensions with 3G Capital, Berkshire Hathaway's partner in troubled Kraft Heinz. 3G co-founder Jorge Paulo Lemann is "a good friend," he adds.
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.
The billionaire investor says the stock market could get hurt if a far-left candidate wins the presidency next year.
The idea behind Tesla offering its own insurance would be to lower rates for drivers, leveraging internal data from Tesla's AutoPilot systems to justify that.
"I want him to learn what the younger generations are doing," Justin Sun tells CNBC about his record $4.57 million lunch with Warren Buffett.
Billionaire Mark Cuban says it's the responsibility of business owners need to give their employees ownership in the company they work for to put a dent in the wealth gap.
June 1- An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire. nearly one-third higher than the previous record $3,456,789 bids in both the 2012 and 2016 auctions. Proceeds benefit the Glide Foundation, a charity in San Francisco's Tenderloin...
CNBC's David Faber and Jim Cramer discuss the latest details in the Occidental and Anadarko merger.
HOUSTON, May 30- Activist investor Carl Icahn sued Occidental Petroleum Corp on Thursday over its deal to buy rival Anadarko Petroleum Corp, signaling he may try to replace Occidental's board of directors and press for asset sales. Icahn's lawsuit, filed in Delaware Court of Chancery, seeks documents that detail Occidental's sale of preferred stock to...
homestretch@ May 30- The cost of a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, sat at a record $3,500,100 on Thursday afternoon, with a day to go in an annual charity auction. Proceeds will benefit the Glide Foundation, a San Francisco charity that serves people who are poor, homeless or battling substance abuse.