Latest Warren Buffett News

Fed buys more corporate bonds but may soon end purchases

Jul. 10, 2020 2:49 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT&T,...

Buffett makes annual donations worth $2.9B to 5 charities

Jul. 8, 2020 5:35 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett has given away another $2.9 billion of his Berkshire Hathaway stock to five foundations as part of his plan to gradually give away his fortune. Buffett disclosed the annual gifts Wednesday. The biggest donation went to the Bill & Melinda Gates Foundation....

A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. (AP Photo/Vincent Yu)

Asia markets slip as virus outbreaks mute hopes for rebound

Jul. 7, 2020 12:42 AM EDT

TOKYO (AP) — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.6% to 22,577.65 and South Korea's Kospi...

FILE - In this April 1, 2020 file photo, several dozen mothballed Delta Air Lines jets are parked at Kansas City International Airport in Kansas City, Mo. The skies are clearing up a bit for airlines as states ease lockdown measures and travelers slowly return to airport check-in lines. More airlines are restoring flights to their schedules and investors have taken note, driving up shares for the major airlines after a staggering decline.  (AP Photo/Charlie Riedel, File)

Airlines aim for takeoff as lockdowns ease and demand rises

Jun. 11, 2020 11:51 AM EDT

The skies are clearing up a bit for airlines as states ease lockdown measures and travelers slowly return to airport check-in lines. After a pronounced slump in air travel in the spring, airlines are adding back flights as they hope to salvage some lost revenue during the key summer travel season. As of Monday,...

In this Saturday, May, 2, 2020, photo, a man uses banknotes to pay for his purchases at the mall in Basra, Iraq. The coronavirus pandemic has reawakened debate about the continued viability of what has been the physical lifeblood of global economies: paper money and coins.  (AP Photo/Nabil al-Jurani)

Cash, long a refuge in uncertain times, now under suspicion

May. 20, 2020 2:11 AM EDT

BEIRUT (AP) — In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus,...

In this Saturday, May, 2, 2020, photo, a man uses banknotes to pay for his purchases at the mall in Basra, Iraq. The coronavirus pandemic has reawakened debate about the continued viability of what has been the physical lifeblood of global economies: paper money and coins.  (AP Photo/Nabil al-Jurani)

Cash, long a refuge in uncertain times, now under suspicion

May. 20, 2020 2:07 AM EDT

BEIRUT (AP) — In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus,...

FILE - In this April 4, 2008 file photo, Marines wait for a desert tortoise, endangered and protected by federal law from harm or harassment, to move off the road at the U.S. Marine Corps' Air Ground Combat Center at Twentynine Palms, Calif. The Trump administration has given final approval to the largest solar energy project in the U.S. and one of the biggest in the world despite objections from conservationists who say it will destroy habitat critical to the survival of the threatened Mojave desert tortoise in southern Nevada. (AP Photo/Reed Saxon, File)

Biggest US solar project approved in Nevada despite critics

May. 11, 2020 6:58 PM EDT

RENO, Nev. (AP) — The Trump administration announced final approval Monday of the largest solar energy project in the U.S. and one of the biggest in the world despite objections from conservationists who say it will destroy thousands of acres of habitat critical to the survival of the threatened Mojave...