Latest Warren Buffett News

Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service

Mar. 01, 2024 17:19 PM EST

OMAHA, Neb. (AP) — The latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about the effects all the cuts might have on safety and service. The worries about the lean...

Stock market today: Wall Street edges back from its record heights

Feb. 27, 2024 00:07 AM EST

BANGKOK (AP) — Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights. Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed. Traders are growing cautious after the New Year's rally...

US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs

Feb. 26, 2024 18:11 PM EST

The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement. The...

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes

Feb. 24, 2024 21:28 PM EST

OMAHA, Neb. (AP) — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or...

A collection of the insights Warren Buffett offered in his annual letter Saturday

Feb. 24, 2024 15:06 PM EST

Billionaire Warren Buffett is known as one of the world's greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing. Buffett's latest annual letter to Berkshire Hathaway shareholders...

Plush wars? Squishmallows toy maker and Build-A-Bear sue each other over 'copycat' accusations

Feb. 14, 2024 01:23 AM EST

NEW YORK (AP) — It turns out there are lots of sharp elbows in the plush toy business. Build-A-Bear and the makers of Squishmallows are facing off in federal court. Kelly Toys and its Berkshire Hathaway -controlled parent company Jazwares have sued Build-A-Bear, saying its new...

Bill & Melinda Gates Foundation CEO calls for billionaires to give away more and soon

Jan. 25, 2024 00:06 AM EST

The CEO of the Bill & Melinda Gates Foundation has a message: Hey billionaires, give away more of your money to address inequality and do it soon. Mark Suzman made the call in his annual letter released Thursday that led with the story of Chuck Feeney, a billionaire whose...

We could see the world's 1st trillionaire in the next decade. Here are some of today's richest 1%

Jan. 18, 2024 20:56 PM EST

NEW YORK (AP) — The world might see its first trillionaire sooner than you think. And that puts a spotlight on today's richest 1%. In an annual assessment of global inequalities published earlier this week, Oxfam International said the first trillionaire could emerge within the...

Berkshire Hathaway buys remaining 20% stake in Pilot Travel from Haslam family for undisclosed sum

Jan. 16, 2024 18:03 PM EST

KNOXVILLE, Tenn. (AP) — Warren Buffett’s Berkshire Hathaway is buying the remaining 20% of the Pilot truck stop business it does not already own from the Haslam family, the two announced on Tuesday. Berkshire confirmed it now owns all of Pilot Travel Centers. Financial terms...

The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says

Jan. 15, 2024 11:32 AM EST

DAVOS, Switzerland (AP) — The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. ...