Latest Warren Buffett News

Editorial Roundup: U.S.

Jun. 16, 2021 12:25 PM EDT

Excerpts from recent editorials in the United States and abroad: June 15 The Guardian on U.S. President Joe Biden, China and Europe: It is 50 years next month since Henry Kissinger embarked on the secret mission to Beijing that...

Foam brings fire at Illinois chemical plant 'under control'

Jun. 15, 2021 19:52 PM EDT

ROCKTON, Ill. (AP) — An industrial firefighting team continued battling a fire Tuesday that has consumed an chemical plant in northern Illinois and forced the evacuation of nearby homes and businesses. Before pouring fire-fighting foam on the Chemtool plant in Rockton,...

MacKenzie Scott, citing wealth gap, donates $2.7 billion

Jun. 15, 2021 17:28 PM EDT

MacKenzie Scott, the billionaire philanthropist known for her unexpected multi-billion dollar donations to charities and racial equity causes, announced Tuesday that she has given $2.7 billion to 286 organizations. It is the third round of no-strings-attached, major philanthropic gifts Scott...

Leak of billionaires' tax data draws GOP outcry over privacy

Jun. 10, 2021 17:12 PM EDT

WASHINGTON (AP) — Republicans in Congress are alarmed by the leak of confidential IRS data to the investigative news organization ProPublica, enabling it to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times. A...

ProPublica: Many of the uber-rich pay next to no income tax

Jun. 08, 2021 15:17 PM EDT

WASHINGTON (AP) — The rich really are different from you and me: They’re better at dodging the tax collector. Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk’s income tax bill was zero in 2018. And financier George Soros went...

JPMorgan dives back into fixing health care with new venture

May. 20, 2021 11:40 AM EDT

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year. The bank said Thursday that it formed a new business focused on improving care provided for about 285,000 people through its...

Buffett's firm sells off financials, halves Chevron stake

May. 17, 2021 19:20 PM EDT

OMAHA, Neb. (AP) — Investor Warren Buffett's company pared back its holdings in financial firms further during the first quarter and also halved its new investment in Chevron. Berkshire Hathaway Inc. provided an update on its U.S. stock holdings in a filing with...

Bill and Melinda Gates divorce could shake up philanthropy

May. 04, 2021 17:50 PM EDT

As much as Bill and Melinda Gates might want to keep their pending divorce private, the split between the billionaire co-founders of the world’s largest private foundation is sure to have very public consequences, with the breakup having already sent a wave of anxious uncertainty through...

When Buffett is gone, Abel will take over as Berkshire CEO

May. 03, 2021 14:57 PM EDT

OMAHA, Neb. (AP) — Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report. Buffett confirmed the succession plan Monday to CNBC after Berkshire Vice Chairman Charlie Munger let slip the plan during during the...

Warren Buffett warns investors not to gamble on stocks

May. 01, 2021 19:17 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at Berkshire Hathaway's annual meeting Saturday. Buffett said it can be tough to pick the long-term winners. He...