Warren Buffett tells CNBC he doesn't buy the argument that raising taxes for the rich would derail the nation's economic recovery. "When a country needs more income, and we do -- we're only taking in 15 percent of GDP ... they should get it from the people that have it."
Warren Buffett tells CNBC that the "normal regenerative capacity of American capitalism" will play a much bigger role in the country's emergence from recession than the government's stimulus of the economy. While he acknowledges that while it is "important" to have the "right" fiscal and monetary policies, "We have had many recessions in the history of this country when nobody even heard of fiscal policy or monetary policy. The country always comes back."
Warren Buffett tells CNBC that by his own "common sense" definition, the United States is "still in a recession." In a taped interview airing this morning on CNBC's Squawk Box, Buffett says, "I think we're in a recession until real per capita GDP gets back to where it was before." While Buffett continues to believe the U.S. will eventually emerge from its economic downturn, "We're not gonna be out of it for awhile."
Warren Buffett keeps his #2 slot on the new Forbes 400 list of the Richest Americans, released tonight (Wednesday). The magazine estimates Buffett's fortune at $45 billion. That's $5 billion more than last year's $40 billion.
Warren Buffett's Berkshire Hathaway has resumed sales of Moody's shares as the credit rating agency's stock price tops $25.
Charlie Munger, Berkshire Hathaway's vice chairman, said the job market is likely to stay "lousy" for an extended period, and that he doesn't see anything that would prompt employers to hire in the immediate future.
Warren Buffett doesn't appear to be concerned that slowing U.S. economic growth will lead to a "double-dip" recession, saying there's no evidence of "sour" sentiment in the latest results from Berkshire Hathaway's numerous operating businesses. "I am a huge bull on this country. We are not going to have a double-dip recession at all. I see our businesses coming back across the board."
"I am a huge bull on this country. We are not going to have a double-dip recession at all," said Buffett, chairman of Berkshire Hathaway. "I see our businesses coming back across the board."
Warren Buffett and Bill Gates will reportedly travel to China later this month to "learn how to do philanthropy" in that nation. China's Economic Observer newspaper says Gates and Buffett have invited a "select group" of 50 to 60 members of the nation's "business elite" to a "private party" in Beijing. Some of those invited, however, have declined to attend, apparently over concerns they'd be asked, or even pressured, to make a donation pledge at the event.
As he closes in on 80 years old, Buffett shows no signs of slowing down and Berkshire has announced no successor, although the matter is one of endless debate. It is too early to say what his legacy will be.
Shares of Wesco Financial spiked as much as 19 percent higher today (Thursday) after Warren Buffett's Berkshire Hathaway revealed plans to buy the almost 20 percent of Charlie Munger's Wesco it doesn't already own.
The low-profile 73-year-old man whose stellar stock picks are often attributed to Warren Buffett is calling it quits. In her Chicago Tribune column, Melissa Harris breaks the big news that media-shy Lou Simpson will retire at the end of the year. For decades, he's been quietly, independently, and profitably managing the now $4 billion investment portfolio at Geico, the Berkshire Hathaway insurance subsidiary
Stocks ended higher Tuesday with the Dow gaining more than 100 points to snap a five-day losing streak. The rally followed a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot jumped, RIM slipped.
Stocks advanced decisively Tuesday, with Dow on track to snap a five-day losing streak. The rally followed a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot jumped, RIM slipped.
Stocks rose significantly Tuesday after days of losses, following a series of government data releases and earnings reports that showed hints of strength returning to the economy. Home Depot gains, Kraft slips.
U.S. stock index futures are higher after the government released data on industriarl production, capacity utilization, housing starts and the July Producer Price Index. WalMart and Home Depot reported better-than-expected results.
Warren Buffett's Berkshire Hathaway boosted its stake in Johnson & Johnson by 73 percent between March 31 and June 30, adding 17.4 million shares worth just over $1 billion at today's closing price of $58.01.
An increase in short-duration bonds in the Berkshire Hathaway portfolio is being seen as a sign Warren Buffett expects higher interest rates sooner rather than later.
Find out why the Mad Money host called this stock a "clear buy."
Warren Buffett's Berkshire Hathaway reports a 72.7 percent increase in its second quarter operating earnings to $3.07 billion, with "major contributor" Burlington Northern Santa Fe adding $603 million during the period. But unrealized losses on derivatives contracts helped bring Berkshire's net earnings down by 40 percent.