Warren Buffet

Berkshire's cash hits $277 bn as Warren Buffett pulls back from stocks

Q2 operating profit rose 15 per cent to $11.6 bn, about $8,073 per Class A share, from $10.04 bn year earlier, with nearly half coming from underwriting, investments in Berkshire's insurance business

Warren Buffett offloads more Bank of America shares; sales top $3.8 bn

The sales began after Bank of America's stock price had risen by about two-thirds since late October, and traded at more than 1.2 times book value

Warren Buffett's Berkshire has bigger loss, operating profit sets record

Investors watch Berkshire closely because its results often reflect broader economic trends, and because of Buffett's reputation as an investor

Warren Buffett's firm now owns more than 25% of Occidental Petroleum

Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 per cent of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about USD 123 million. The latest purchases give Berkshire more than 224 million shares worth nearly USD 13 billion that have all been purchased over the past year and a half. And Buffett may not be done buying because the price of Occidental stock is still right around where he bought shares at this week even after a modest 43-cent bump Thursday morning to trade at USD 57.89. Buffett has been consistently buying the stock when it dips below USD 60. Crude prices are down 13 per cent this year and shares of Occidental are down 8 per cent. Often, other investors rush into a stock after Berkshire discloses a purchase because of Buffett's remarkably successful track record over the decades.

Berkshire Hathaway posts big loss in Q4, cash hoard swells to $130 bn

The Omaha, Nebraska-based firm found more value buying back its own shares, repurchasing $2.6 billion, and bought back about $700 million more in the first month-and-a-half of 2023

Warren Buffett donates more than $750 million to family charities

Billionaire investor Warren Buffett donated more than USD750 million in Berkshire Hathaway stock to the four foundations run by his family, but unlike his annual gifts to charity each summer, the recipients didn't include the Bill & Melinda Gates Foundation. Buffett has been making annual donations to the same five charities every year since 2006 when he unveiled a plan to give away his fortune over time, with the Gates Foundation receiving the biggest donations. Wednesday's donations mark the first time the 92-year-old has made a second major gift within the same year. A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million

Buffett's Berkshire Hathway reports $2.7 bn loss on investment drop

Warren Buffett's company again reported a loss this time only USD 2.7 billion because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Berkshire Hathaway reported a quarterly loss on Saturday of USD 2.7 billion, or USD 1,832 per Class A share. That's down from a USD 10.3 billion profit, or USD 6,882 per Class A share, a year ago when the stock market was soaring. In the second quarter of this year, Berkshire reported a USD44 billion loss. Buffett has long said he believes Berkshire's operating earnings are a better measure of the company's performance because they exclude investment gains and losses, which can vary widely quarter to quarter. By that measure, Berkshire's operating earnings jumped 20per cent to USD 7.76 billion, or USD 5,293.83 per Class A share. That's up from USD6.47 billion, or USD 4,330.60 per Class A share. The four analysts surveyed by FactS

Rakesh Jhunjhunwala: A perspective

In fact, Rakesh's achievement was greater than that of Mr Simons, a mathematical genius who has a team of super-bright mathematicians and physicists to develop quantitative techniques

Buffett's Berkshire pounces on market slump to buy equities in June qtr

Berkshire stepped in as the S&P 500 shed 16% in the latest quarter. The Omaha, Nebraska-based company also reported an operating profit of $9.2 bn as the insurance and railroad businesses posted gains

Bill Gates donates $20 bn to his foundation to stem 'significant suffering'

The Gates Foundation plans to raise its annual budget by 50% over pre-pandemic levels to about $9 billion by 2026.

Warren Buffett's last lunch auction fetches record $19 million bid

Warren Buffett has cemented his legacy as one of the most expensive lunch guests of all time

Will Buffett-backed BYD beat Tesla to become largest EV manufacturer?

BYD has upped its game over the past two years with a range of EVs and higher-technology lithium iron phosphate batteries, allowing it to grab global market share

Warren Buffett won't pay even $25 for all Bitcoin in the world

As Bitcoin hovers in the range of $38,000-$40,000 per digital coin, billionaire Warren Buffett has said that he will not even pay $25 for all the Bitcoin in the world.

Buffett says inflation an issue for Berkshire, 'swindles almost everybody'

Buffett said it was "extraordinary" how much inflation had been seen in Berkshire's own businesses

HP stock jumps nearly 18% after Warren Buffett's company buys over 11%

Berkshire Hathaway Inc said in a filing with the Securities and Exchange Commission that it now owns nearly 121 million HP shares, giving it control of 11.5% of the company

Warren Buffett is again richer than Mark Zuckerberg as tech fortunes slide

Decline in tech stocks this week has wiped about $50 billion in wealth from Silicon Valley's richest people.

Buffett bets on all-digital banks, but the world still needs Goldman Sachs

Big banks appear to be on the defensive against digital competitors, but they continue to hold the reins to large-scale credit.

Investor Warren Buffett's ESG snub risks alienating Wall Street

Other major companies, including Citigroup Inc and Amazon.com Inc, have resisted ESG shareholder proposals

Buffett upbeat on US, Berkshire; buys back stock even as Covid hits results

Buffett also signaled a long-term commitment to Apple Inc

Not a good sign: Warren Buffet does away with bank shares, bets on gold

Buffett, the fifth-richest person in the world, has loved few things more in his life than sweets, soda and compound interest - but banking stocks have come pretty close