Warren Buffett speaks out against creating family wealth dynasties, gives away another $1.1 billion

Warren BuffettDavid A. Grogan | CNBCWarren Buffett, who has amassed a $150 billion personal fortune, made a strong case against creating "dynastic" wealth as he named three independent trustees to oversee his philanthropy following his children and donated another $1.1 billion in Berkshire Hathaway stock to four family foundations.Instead of leaving his...

Read more...

HOOD, BBWI, MSTR, M and more

Check out the companies making headlines in premarket trading. Bath & Body Works — Shares popped 16% after third-quarter earnings edged out Wall Street forecasts. The retailer earned 49 cents per share, excluding items, on revenue of $1.61 billion, while analysts polled by LSEG had anticipated earnings of 47...

Read more...

Macy’s posts preliminary results, delays full earnings release

A shopper carries a Macy's bag on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | Getty ImagesMacy's on Monday posted preliminary third-quarter results and said it would delay its full earnings release as it completes an investigation of an accounting...

Read more...