Billionaire investor Warren Buffett said Monday he respects the efforts of Elon Musk, head of electric car maker Tesla. “He’s trying to do something to improve a product and I salute him for that,” Buffett said on CNBC’s “Squawk Box.” “The American public will decide whether it’s a success, and it’s not easy.” Last week, […]
Read moreCoca-Cola and Kraft Heinz are good businesses, but they don’t look as good as they did 10 years ago, billionaire investor Warren Buffett told CNBC on Monday. “There are two reasons for that,” the chairman and CEO of Berkshire Hathaway said in a “Squawk Box” interview. “One is people seem a little bit more willing […]
Read moreBerkshire Hathaway‘s Warren Buffett said Monday he is looking to invest more of his company’s massive cash horde, adding the conglomerate would pull the trigger on a $100 billion deal if the right one presented itself. “If a $100 billion deal came along that [Vice Chairman Charlie Munger] and I really liked, we’d get it […]
Read moreBerkshire Hathaway Chairman and CEO Warren Buffett said he likes Apple stock so much he would love to own all of it. “I clearly like Apple. We buy them to hold,” Buffett said on CNBC’s “Squawk Box” Monday, following Berkshire’s annual shareholder meeting. “We bought about 5 percent of the company. I’d love to own […]
Read moreBillionaire investor Warren Buffett said Monday he was blown away by an online archive of his company’s meetings and related documents that CNBC launched over the weekend. “It blew my mind when I saw it,” Buffett said on CNBC’s “Squawk Box.” The Warren Buffett Archive houses searchable video from 25 full annual meetings, going back […]
Read moreBillionaires Elon Musk and Warren Buffett engaged in a war of words over the weekend. In an earnings call last week, Tesla co-founder Musk criticized so-called “moats” but he wasn’t referring to the sort of moat you’d find around a castle. Instead, he was talking about the term coined by Buffett, referring to a buffer […]
Read moreEmerging markets stocks have been under pressure as the U.S. dollar has gained ground, and one portfolio manager is expecting more pain for the group. Last week, U.S.-based emerging market equity funds posted their first weekly outflows of the year, according to Reuters, citing Lipper data. The EEM emerging markets ETF fell nearly 2 percent […]
Read moreBillionaire investor Warren Buffett told CNBC on Monday that Wells Fargo‘s was slow to stop bad behavior in its company but it’s an overall good business. “They made one mistake,” Buffett said in a “Squawk Box” interview. “Incentives work. And they came up with improper incentives and they worked. And, so, they [incentivized] bad behavior […]
Read moreBerkshire Hathaway Chairman and CEO Warren Buffett took another swipe at bitcoin on Monday as he went into further detail about why he would not invest in the cryptocurrency. “The asset itself is creating nothing,” Buffett said on CNBC’s “Squawk Box” from Omaha, following Berkshire’s annual shareholder meeting. “When you’re buying nonproductive assets, all your […]
Read moreVladimir Putin was sworn in for another six years as Russian president on Monday, buoyed by popular support but weighed down too by a costly confrontation with the West, a fragile economy and uncertainty about what happens when his term ends. Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand […]
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