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...
Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn't plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%."There's speculation about us buying control, we're not going to buy...
Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting.Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn't lose money in the firm's collapse.The sudden downfall of SVB in March forced the Federal Deposit Insurance Corp. to seize the...
Warren Buffett is set to kick off Berkshire Hathaway 's annual shareholder meeting Saturday before tens of thousands of adoring shareholders. Here's your complete guide to the highly anticipated event. Berkshire's annual "Woodstock for Capitalists" will be held in Omaha, Nebraska, the second straight in-person gathering after two virtual...
When Warren Buffett takes the stage at Berkshire Hathaway's annual meeting in Omaha on Saturday, he'll have a lot to talk about. The 92-year-old investor has had a busy year. He snapped up additional shares of one of his favorite energy plays, Occidental Petroleum , on several occasions —...
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, photographed during a 2011 trip to Japan.Bloomberg | Bloomberg | Getty ImagesJapanese stocks have been on a tear since late last year, up nearly 15% since November, as the weak yen and inbound tourism help to reactivate the economy....
Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger believes there is trouble ahead for the U.S. commercial property market.The 99-year-old investor told the Financial Times that U.S. banks are packed with "bad loans" that will be vulnerable...