Latest Warren Buffett News

Veteran Indian investor Rakesh Jhunjhunwala dies at 62

Aug. 14, 2022 09:13 AM EDT

NEW DELHI (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. He was 62. Prime Minister Narendra Modi led the tributes for the business...

Warren Buffett's company has bet $47B on the oil sector

Aug. 09, 2022 12:05 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20% of the oil producer. Occidental's stock rose more than 3.5% on Tuesday to $62.18 after Buffett revealed...

Buffett's firm reports $44B loss but its businesses thrive

Aug. 06, 2022 14:33 PM EDT

OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation...

Dolly Parton among Carnegie Medal of Philanthropy winners

Aug. 03, 2022 08:07 AM EDT

NEW YORK (AP) — Country superstar Dolly Parton, who made a big donation to help fund coronavirus vaccine research in 2020, is among this year's Carnegie Medal of Philanthropy recipients. Also being honored are Dallas entrepreneur Lyda Hill, Kenyan industrialist Manu Chandaria, and...

Bill Russell, NBA star and civil rights pioneer, dies at 88

Jul. 31, 2022 21:02 PM EDT

BOSTON (AP) — Bill Russell redefined how basketball is played, and then he changed the way sports are viewed in a racially divided country. The most prolific winner in NBA history, Russell marched with Martin Luther King Jr., stood with Muhammad Ali and received the Presidential...

Watchdog head: Fines may not stop bad behavior by companies

Jul. 28, 2022 09:16 AM EDT

NEW YORK (AP) — The head of the nation's financial watchdog is having second thoughts about how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference. In an interview with The...

DOJ: Buffett company discriminated against Black homebuyers

Jul. 27, 2022 17:11 PM EDT

NEW YORK (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett's company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, in what is being called the second-largest...

Justice Department says Warren Buffett's mortgage company discriminated against Black homebuyers in 3 states

Jul. 27, 2022 10:55 AM EDT
NEW YORK (AP) — Justice Department says Warren Buffett's mortgage company discriminated against Black homebuyers in 3 states.

Warren Buffett's firm owns nearly $11B of Occidental stock

Jul. 19, 2022 11:36 AM EDT

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway now owns nearly $11 billion worth of Occidental Petroleum stock after buying another 1.9 million shares in the past week. The latest purchases of nearly $117 million in stock that Berkshire reported to the Securities and...

Warren Buffett's firm buys more Occidental Petroleum shares

Jul. 14, 2022 14:06 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway now controls nearly 20% of Occidental Petroleum's stock after picking up another $250 million worth of shares of the oil producer this week. Berkshire has been investing heavily in Occidental this year, including buying up more...