An image of Warren Buffett at the Berkshire Hathaway Shopping Day, May 5, 2023.Yun Li | CNBCShrewd business legend Warren Buffett has a whimsical side, buying companies whose products he personally enjoys like Dairy Queen and See's Candies. Now count plush toy phenomenon Squishmallows.Squishmallows made its Berkshire Hathaway annual...
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019.Nati Harnik | APWarren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly...
Ken Griffin, Citadel, at CNBC's Delivering Alpha, Sept. 28, 2022.Scott Mlyn | CNBCKen Griffin, founder and CEO of Citadel, believes the hype around artificial intelligence could be overblown at this early stage."I do think the AI community is making a terrible mistake by being full of hype on the...
Bryan Allen | Getty ImagesThe threat of a recession has weighed heavily on many investors' minds amid higher interest rates, banking turmoil and layoffs. But you should still try to avoid reactive investing moves, according to financial advisors.Public pessimism about the economy recently notched a new high, according to...
The banking crisis wreaked havoc in the industry in recent months, and hedge funds have been picking winners and losers among financial stocks, according to Goldman Sachs. The Wall Street bank analyzed the holdings of 740 hedge funds with $2.2 trillion of gross equity positions at the start of...
Chinese tourists walk past an installation depicting Taiwan (R) and mainland China at a tourist area on Pingtan island, the closest point to Taiwan, in China's southeast Fujian province on April 6, 2023.Greg Baker | AFP | Getty ImagesFraying U.S.-China relations and rising tensions over Taiwan have influential business...
Warren Buffett's Berkshire Hathaway bought more shares of Occidental Petroleum on each of the last six trading days, boosting its stake in the Houston-based oil and gas producer to 24.4%, according to regulatory filings. The Omaha, Nebraska-based conglomerate purchased a total of of 5.6 million shares for $327.2 million...
A cargo aircraft in DHL livery passes near a FedEx livery plane parked at a FedEx regional hub, at Los Angeles International Airport (LAX) in Los Angeles, California, September 16, 2022.Bing Guan | ReutersSpring has sprung for U.S. imports, and the trade that is being exported from China is...
Here are the most important news items that investors need to start their trading day:1. Markets look to reboundU.S. stock indexes are coming off their worst week since March. A regional bank stock rebound and strong Apple earnings boosted the market Friday, and April jobs data came in better...
Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here.Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched...