Companies are sticking to a practice that Warren Buffett and other business titans warn is damaging the economy

REUTERS/Fred Prouser Berkshire Hathaway CEO Warren Buffett has long decried Wall Street’s habit of providing quarterly earnings guidance. But last year, S&P 500 companies issued forward guidance at the highest rate since 2008, according to a report by S&P Global Market Intelligence. Executives have made fewer forecasts this year amid more calls to do away […]

Berkshire Hathaway profit surges as economy gives Buffett a boost

Dennis Van Tine/AP Berkshire Hathaway reported a 67% jump in second-quarter profit, boosted by a growing economy. Underwriting profit at the Geico auto insurance unit more than quintupled. Berkshire ended June with $ 111.1 billion of cash and equivalents, some of which Buffett could use to repurchase stock under a new policy giving him and […]

A crypto miner trolls Warren Buffett with bitcoin billboards outside his office (BRKB)

Bill Pugliano/Stringer/Getty Images The founder of a crypto-mining company claims to have installed billboards trolling Warren Buffett. Buffett famously compared bitcoin to rat poison earlier this month.  Follow the price of bitcoin in real-time here.  A cryptocurrency-mining company claims to be trolling billionaire investor Warren Buffett with billboards near his Omaha office. Marco Krohn, co-founder […]

Warren Buffett bashes Bitcoin, says its surge is due to the cryptocurrency’s mystique

(Reuters) — Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it. Likening bitcoin demand to the tulip bulb mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway […]

Warren Buffett wants to buy even more Apple shares

Billionaire Warren Buffett has been buying a boatload of Apple shares and on Saturday suggested he would buy even more shares at the right price. At Berkshire Hathaway’s annual shareholder meeting, Buffett credited Apple with developing “extremely sticky” products to which consumers become attached and endorsed Apple’s decision to buy back its own stock, saying […]

Warren Buffett defends doing business with gun manufacturers after questioner claims it’s at odds with everything he stands for (RGR, SWHC)

AP / Seth Wenig Warren Buffett, Berkshire Hathaway‘s CEO, said on Saturday that his personal views on gun control do not reflect the company’s thinking.  “I do not believe in imposing my political opinions on the activities of our businesses,” Buffett told shareholders at the annual meeting.  About two weeks after the Parkland, Florida high […]

Billionaire investor Warren Buffett to retire from Kraft Heinz board

Scott Olson / Getty Images Billionaire investor Warren Buffett has decided to retire from the Kraft Heinz board. Buffett, 87, has shed many of his non-Berkshire responsibilities in the last few years. Kraft Heinz said on Friday billionaire investor Warren Buffett has decided to retire from the company’s board following the end of his term […]

Warren Buffett has enough firepower to do a $160 billion deal this year

AP Images Warren Buffett’s firm Berkshire Hathaway is sitting on a record amount of cash. UBS speculates that the company could make an acquisition exceeding $ 160 billion this year, perhaps in the utilities sector. Berkshire Hathaway has never had this much cash, so naturally people have wide-ranging ideas for how the Warren Buffett-led juggernaut […]

‘Arabian Warren Buffett’ arrested in Saudi corruption purge bargains for freedom – reports

Saudi Prince Alwaleed bin Talal, one of the wealthiest people in the world, is negotiating settlement terms with the country’s government, Reuters reports. The billionaire was held amid a massive anti-corruption purge. The grandson of the first Saudi king, who has been labelled the “Arabian Warren Buffett,” owns the renowned Kingdom Holding Company. He was […]

It looks like Warren Buffett has narrowed his choice for successor down to 2 people

Getty Images / Jamie McCarthy Warren Buffett appointed two senior executives — Greg Abel and Ajit Jain — to Berkshire Hathaway’s board of directors on Wednesday. The decision is seen as narrowing down Buffett’s succession decision to the two individuals, who will now assume broader responsibilities. Warren Buffett‘s succession plan is coming into focus. The […]