OMAHA, Neb.—The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for…
Netflix Lost $50B in Market Cap, Subscribers Shrink; CalPERS Wants Buffet Out As Chair | NTD Business
Netflix stock tanking — after the company reported losing subscribers in the first quarter. What’s behind the loss? A California Pension fund wants to kick Warren Buffett out of his chairman position, at his own company. What’s the reason? President Biden offering bailouts to nuclear power plants that are struggling financially. It’s part of the clean energy…
The 90/10 Rule–Warren Buffett–#1 Money Savings Tip for Retirees
Personally, I’m picky when it comes to receiving advice. For example, even if you’re my best friend or family member who I respect, I wouldn’t turn to you if I needed a root canal or engine replacement. Of course, if you were a dentist or mechanic, that would be a different story. The same is…
The 3 Traits Warren Buffett Says He Looks for in an Employee
From time to time I speak to young professionals trying to make their mark on the world in politics, academia, or journalism. The question I encounter the most is this: “What’s the best career advice you give to young people trying to make it.” My answer often touches on the importance of perseverance, because it’s…
Berkshire Hathaway Reveals $5 Billion Occidental Stake as Icahn Exits
March 8, 2022
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Berkshire HathawayBusiness & EconomyCarl IcahnCompanieseconomic policieseconomyEuropeInternationalMarketsOccidental PetroleumOilRussiaRussia-Ukraine WarstakeUkraineUSUS NewsWarren BuffettWorld
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Warren Buffett’s Berkshire Hathaway Inc. revealed a more than $5 billion stake in Occidental Petroleum Corp., as oil prices soared to their highest level in about a decade. Berkshire said it owns 91.2 million Occidental shares, or nearly 10 percent of those outstanding, including 61.4 million bought from March 2 to March 4. Buffett’s company…
This Day In Market History: Warren Buffett Enters The Insurance Business
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 22, 1967, famed Berkshire Hathaway Inc. CEO Warren Buffett invested $8.4 million in National Indemnity Company and National Fire and Marine Insurance Company. Where The Market Was The S&P 500 was trading at 87.34…
Buffett Business Partner Munger Says Inflation ‘Huge Danger’ and How ‘Democracies Die’
Charlie Munger, billionaire investor and longtime business partner of Warren Buffett, issued a stark warning on the persistent price pressures gripping the U.S. economy, saying at a Wednesday event in Los Angeles that inflation was a “huge danger” and “possibly the way democracies die.” The 98-year-old Munger made the somber remarks during a wide-ranging discussion at…
Buffett’s Berkshire Bought Activision Shares Before Microsoft Takeover
February 15, 2022
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Warren Buffett’s Berkshire Hathaway Inc. acquired nearly $1 billion of shares in Activision Blizzard Inc. before Microsoft Corp. agreed to buy the video game maker for $68.7 billion, according to a Monday regulatory filing. Berkshire said that as of Dec. 31, it owned 14.7 million shares worth about $975 million of the “Call of Duty”…
Warren Buffett Overtakes Mark Zuckerberg in Wealth Again as Value Bets Shine Over the Growth Story
Veteran value investor and Berkshire Hathaway Inc. CEO Warren Buffett’s net worth on Thursday shot past that of Meta Platforms Inc. CEO Mark Zuckerberg’s, as per the latest data from Bloomberg Billionaires Index. What Happened With a net worth of $111 billion, Buffett ranked sixth among the world’s richest people and passed Zuckerberg who is…
Berkshire Hathaway Says It Has Added 12,000 Jobs
Berkshire Hathaway Inc., run by billionaire Warren Buffett, said on Friday its workforce has grown by about 12,000, recovering some jobs it lost earlier in the COVID-19 pandemic. The Omaha, Nebraska-based insurance and investment company said its dozens of businesses now have about 372,000 employees, up from 360,174 at the end of 2020. Berkshire had…
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