Warren Buffett’s Berkshire Hathaway has ended a difficult chapter in its investment in IBM. CNBC’s Becky Quick, in an interview from Omaha that aired Friday, asked him if Berkshire owns any IBM shares. He said, “No.” “I think we have zero,” he said. “The answer is almost certain, yes,” on Berkshire owning no more IBM […]

British Airways’ parent company IAG has offered a big hint that Boeing is in pole position to win a new order for wide-body aircraft. The share price of IAG has risen more than 4 percent in European trade Friday after the company reported 280 million euros ($335 million) of operating profit for the first quarter, […]

Tesla chief executive Elon Musk took to Twitter early Friday to defend his peculiar behavior on an earnings conference call that caused shares of the electric car maker to lose more than 5 percent. “The ‘dry’ questions were not asked by investors, but rather by two sell-side analysts who were trying to justify their Tesla […]

Action-camera maker GoPro’s first-quarter revenue beat expectations and it reported a smaller-than-expected loss on Thursday, benefiting from aggressive marketing of its cameras and controlling expenses. The company recently exited its Karma drone business to stem losses and has been trying to attract consumers with promotional offers, new entry-level products and trade-up programs. GoPro — whose […]

Billionaire investor Warren Buffett said long-term investors of Apple‘s stock shouldn’t obsess with near-term iPhone sales. “The idea that you’re going to spend loads of time trying to guess how many iPhone X … are going to be sold in a 3 month period totally misses the point,” the Berkshire Hathaway chairman and CEO said […]

The iPhone X became the best-selling smartphone model in the first quarter of 2018, a new report shows, providing more good news for Apple investors following a better-than-expected earnings report earlier this week. Apple shipped 16 million units of the iPhone X in the three months ended March 31, according to a study released by […]

Wall Street may have had doubts about Apple before the company reported its most recent quarterly earnings, but one of the tech company’s biggest shareholders — Warren Buffett — didn’t. In the first quarter, Buffett’s Berkshire Hathaway bought an astounding 75 million shares of Apple. That adds to the 165.3 million shares Berkshire already owned […]

Governments are attacking civilians in a time of peace. President and Chief Legal Officer Brad Smith of Microsoft in April told the RSA cybersecurity conference about attacks that don’t involve tanks and warplanes, but bytes and bots. And they are aimed at our energy grids, our infrastructure, and even our private financial information. We’ve increasingly […]

When a Google executive found a high-end Bluetooth headset selling at a steep discount on the company’s shopping site earlier this year, he didn’t consider that the deal may have been too good to be true. He ordered the product and waited. And waited. The expected delivery date passed. He tried calling the website’s customer […]

CNBC’s Jim Cramer felt for Tesla CEO Elon Musk after the auto chief’s bizarre post-earnings conference call on Wednesday. “Last night was absolutely, hands-down Musk’s best conference call, ever. By far,” the “Mad Money” host said on Thursday, not long after applauding Musk’s unusual behavior on CNBC’s “Squawk on the Street.” The call, which sent […]