Weakness in the job market , shifting expectations of the Federal Reserve's next move, fears of a hard landing, the risk of sticky inflation and the upcoming presidential election. To Warren Buffett , none of that macroeconomic stuff matters. The "Oracle of Omaha," who turned 94 years old last...
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC(This article is from the Warren Buffett Watch newsletter. Sign up here.)Warren Buffett has added around $6 billion to Berkshire Hathaway's sizable cash pile this summer with a string of Bank of America stock sales...
Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesThe five trading firms in Warren Buffett-backed Berkshire Hathaway's portfolio — Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co, and Sumitomo Corp — have surged, with one rising as much 30% in 2024.These five names are also...
Check out the companies making headlines in midday trading. Walmart — Shares of the discount retailer jumped 7% on strong earnings. Walmart topped Wall Street's quarterly estimates and lifted its full-year outlook as consumers show ongoing resilience. For the year, the company expects sales to rise between 3.75% and...
Baupost Group's Seth Klarman slashed his big stake in Google and YouTube owner Alphabet before the July sell-off, according to a new regulatory filing with the SEC. The Boston-based hedge fund manager, who oversees roughly $28 billion in assets , chopped his Alphabet position by 64%, to just $195 million,...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 14, 2024. REUTERS/Brendan McDermidBrendan Mcdermid | ReutersStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for...
Warren Buffett's head-turning sale of his big Apple stake did not faze Wall Street analysts' conviction in the iPhone maker. Berkshire Hathaway disclosed in its earnings filing over the weekend that its Apple stake was valued at $84.2 billion at the end of the second quarter, indicating that the...
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganBerkshire Hathaway's cash pile swelled to a record $276.9 billion last quarter as Warren Buffett sold big chunks in stock holdings including Apple.The Omaha-based conglomerate's...
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024.CNBCBerkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.The Omaha, Nebraska-based holding company sold another 18.9...
Check out the companies making headlines before the bell: CrowdStrike — The cybersecurity stock dropped 4% after Guggenheim downgraded CrowdStrike to neutral from buy, saying the company is unlikely to emerge unscathed from the global outage. Nvidia — Shares gained 2% after Reuters, citing people familiar with the matter,...