Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup , according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $2.95 billion as of the end of March, the filing showed. Another financial name that the …
Warren Buffett piled into the energy sector as he took advantage of "gambling in the market" to pick up established oil and gas players at attractive prices. Source link
Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft’s proposed acquisition of the video game company will close. Berkshire now owns about 9.5% of Activision shares, Buffett said at the company’s annual shareholder meeting. “Occasionally I’ll see an arbitrage deal and do it,” Berkshire’s chairman and …
Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still …
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, …
Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one way or another, catching the crumbs that fall off …
Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways. In March, the Federal Reserve’s preferred inflation gauge rose 5.2%, and the central bank is starting to raise interest rates, trying to thread the needle between slowing the rise in prices and avoiding a recession. …
Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion at the end of March, the company’s first-quarter filing Saturday showed, a big jump from its value of $4.5 billion at the end of 2021. Shares of Chevron …
Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The company’s net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period. Berkshire’s operating earnings — which encompass profits made from the myriad of businesses owned by the conglomerate like …
Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska, this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a sprawling convention center to explore …
