Stock gains power Buffett’s Berkshire Hathaway to higher profit

Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14 per cent, aided by improved results from its insurance businesses, while soaring prices of stock holdings such as Apple Inc led to a nearly $36 billion overall profit. Fourth-quarter operating income rose to $5.02 billion, or approximately $3,252 per Class A share, […]

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Highlights from Warren Buffett’s annual letter: America, Apple and dissing bonds

Warren Buffett David A. Grogan | CNBC Warren Buffett released the most widely anticipated shareholder letter of the year on Saturday. In his annual remarks, the 90-year-old Buffett detailed how his Berkshire Hathaway performed throughout 2020, a year roiled by a pandemic, a recession and the 2020 presidential elections. The top highlights of the 15-page […]

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Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC As the […]

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Warren Buffett says ‘never bet against America’ in letter trumpeting Berkshire’s U.S.-based assets

Warren Buffett Gerard Miller | CNBC This is breaking news. Please check back for updates. Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never bet against America.” “In its brief 232 years of existence … there has been no […]

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Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to watch for

Warren Buffett. Gerald Miller | CNBC The world is about to hear from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines. The 90-year-old chairman and CEO of Berkshire Hathaway is set to release his annual shareholder letter Saturday morning along with the conglomerate’s quarterly earnings. […]

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Robinhood offers blistering retort to ‘elitist’ criticisms from Munger

Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the allure […]

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Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation

David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC on Thursday he believes the largest economic risk is high unemployment, not some areas of the stock market where valuations have become overheated. “I think on the whole, the stock market is not our biggest […]

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Charlie Munger says novice investors are getting lured into a bubble in ‘dirty way’ by Robinhood

Charlie Munger Lacy O’Toole | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning on the manic momentum-driven trading activity by amateur investors and said commission-free trading apps like Robinhood were partly to blame for the bubble. “It’s most egregious in the momentum trading by novice […]

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