Berkshire Hathaway

Stories 1 - 20 |  Next >>

It's the First Non-Tech US Company Worth $1T

Berkshire Hathway passes milestone days ahead of Warren Buffett's 94th birthday

(Newser) - Berkshire Hathaway hit a major milestone on Wednesday, two days before CEO Warren Buffett's 94th birthday. The company passed $1 trillion in market capitalization, with the price of Class A shares rising to more than $696,000, far more than the cost of the average US home, Quartz reports....

Berkshire Hathaway Sells, Especially Apple Shares

Warren Buffett's conglomerate is now sitting on a record amount of cash

(Newser) - Warren Buffett's company sold almost half its shares in Apple last quarter, ballooning its cash stockpile to a record $276.94 billion. A financial report released Saturday shows that Berkshire Hathaway sold a net $75.5 billion in stocks in the three-month period ending June 30. The accumulation of...

A Warren Buffett 'Mystery' Has Been Solved

His Berkshire Hathaway has scooped up a major stake in Chubb insurance giant, worth about $6.7B

(Newser) - Both CNN and the Wall Street Journal call it a "mystery" that's now been solved: Warren Buffett's Berkshire Hathaway has revealed a major stake that's been kept hush-hush since last year. The outlets report that the investment is in global insurance giant Chubb, and that Buffett'...

Wall Street Adds to Last Week's Gains
Freshpet Jumps
More Than 10%
MARKETS

Freshpet Jumps More Than 10%

Spirit Airlines slides 9.7%

(Newser) - US stocks closed higher Monday on Wall Street, adding to last week's gains.
  • The S&P 500 rose 52.95 points, or 1%, to 5,180.74.
  • The Dow Jones Industrial Average rose 176.59 points, or 0.5%, to 38,852.27.
  • The Nasdaq composite rose 192.92
...

Buffett Discusses Losses, Future at Somber Meeting

Berkshire's first gathering since Charlie Munger's death includes succession details

(Newser) - Warren Buffett discussed investments, as usual, in his remarks to Berkshire Hathaway's annual shareholder meeting in Omaha on Saturday. But he also referenced another type of loss, as well as his own mortality, in the first gathering of the company's investors since the death last fall at 99...

$1B Donation to Cover Med School Tuition for All

Ruth Gottesman wants graduates to begin careers free of debt

(Newser) - A former professor at a New York City medical school has given it $1 billion, saying the money should be used to cover tuition for all future students. Ruth Gottesman, 93, studied learning disabilities and operated literacy programs at the Albert Einstein College of Medicine in the Bronx, the New ...

This Year, Buffett Credits His Sister and Charlie Munger
This Year, Buffett
Honors Munger

This Year, Buffett Honors Munger

Berkshire Hathaway chief tells investors not to expect difference-making acquisitions

(Newser) - Warren Buffett credited his longtime investing partner—the late Charlie Munger—with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisors who urge them to trade...

Warren Buffett's Right-Hand Man Dies
Warren Buffett's
Longtime Sidekick Dies
OBITUARY

Warren Buffett's Longtime Sidekick Dies

Charlie Munger was a month away from turning 100

(Newser) - Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99. Berkshire Hathaway said in a statement that Munger's family told the company that he died Tuesday morning at the hospital just over a month before his 100th...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

Buffett Rips Criticism of Buybacks
Buffett Rips
Criticism of
Buybacks

Buffett Rips Criticism of Buybacks

Berkshire Hathaway posts quarterly drop in operating profit

(Newser) - Operating earnings are the best way to assess profitability, Warren Buffett says. On Saturday, Berkshire Hathaway released results showing operating profit for the fourth quarter of 2022 was $6.7 billion, almost 8% off third-quarter earnings of $7.8 billion, CNN reports. All told, earnings fell 125% for a loss...

Hurricane Ian Hurts Results for Buffett's Berkshire


Berkshire Posts
Quarterly Loss

Berkshire Posts Quarterly Loss

Operating profits climb though results were hurt by rising fuel costs, Hurricane Ian

(Newser) - Despite a strong performance by its businesses in several sectors, Berkshire Hathaway posted a third-quarter loss on Saturday. Warren Buffett's conglomerate announced a net loss of $2.69 billion, the Wall Street Journal reports, following a $10.34 billion profit in the same period last year. Operating earnings, on...

Fall in Stock Prices Hurts Buffett, Too


Berkshire
Hathaway
Posts
$43B Loss

Berkshire Hathaway Posts $43B Loss

Buffett's operation feels drop in stock prices

(Newser) - Berkshire Hathaway reported a $43.8 billion second-quarter loss on Saturday, largely driven by the drop in the stock prices of its biggest investments. In the same period last year, Warren Buffett's operation posted a profit of $28.1 billion, the Wall Street Journal reports. Still, Berkshire managed to...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
Receive Update
in Person
the rundown

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

Buybacks Pay Off for Buffett, Berkshire

Apple investment is working out, too, annual letter to shareholders says

(Newser) - Warren Buffett has made plenty of major acquisitions, but he told shareholders Saturday that he hasn't run across any exciting big deals lately. So he and Vice Chairman Charlie Munger have been putting Berkshire Hathaway's cash to use buying back company shares, he told shareholders in his annual...

Billionaire Plays Architect, and a Real Architect Quits
His Dorm Design Is Likened
to 'Psychological Experiment'
in case you missed it

His Dorm Design Is Likened to 'Psychological Experiment'

Billionaire Charlie Munger is paying for a largely windowless dorm on California coast at UCSB

(Newser) - It's good to be the king. Or if you have enough money, it might even be good to be the architect. However, one billionaire's foray into the field is generating all kinds of controversy in California. The unusual tale:
  • The billionaire: Charlie Munger, the 97-year-old right-hand man to
...

Buffett Clarifies Berkshire's Line of Succession
Buffett Makes
Successor
Known

Buffett Makes Successor Known

Greg Abel is next up to run Berkshire Hathaway, followed by Ajit Jain

(Newser) - Warren Buffett said Monday that he's chosen his successor from his vice chairmen, though he didn't say anything about retiring. Greg Abel, 58, who's already in charge of Berkshire Hathaway's noninsurance business, would become chief executive, CNBC reports. Next in line is Ajit Jain, 69, who...

Famed Investor Lists Concerns but Puts Money on America

Buffett: Progress in creating a more perfect nation often has been discouraging

(Newser) - Warren Buffett has been unusually quiet during the pandemic, but he's kept his annual appointment with his shareholders. The chairman and chief executive of Berkshire Hathaway released his closely watched assessment Saturday, Axios reports. On many fronts, Buffett expressed frustration in the letter . The nation still holds onto its...

Investor Makes $12B on Biggest Software IPO Ever
Investor Makes $12B on
Biggest Software IPO Ever
the rundown

Investor Makes $12B on Biggest Software IPO Ever

Snowflake has a massive debut

(Newser) - If you're hearing the word "snowflake" a lot today, it has nothing to do with politics. Snowflake the tech company is coming off the largest software IPO in history on Wednesday, reports CNN . The company priced its shares for the initial public offering at $120, but they opened...

Warren Buffett Allegedly Swindled Out of $703M
Warren Buffett
Allegedly Swindled
Out of $703M
in case you missed it

Warren Buffett Allegedly Swindled Out of $703M

German manufacturing company has been ordered to pay it back

(Newser) - Even the chairman and CEO of Berkshire Hathaway is apparently not immune to losing millions due to fraud. A German manufacturing company allegedly swindled Warren Buffett out of more than $703 million, the Guardian reports. A unit of Berkshire Hathaway paid more than $875 million for the family-run company, Wilhelm...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

Stories 1 - 20 |  Next >>