Latest Warren Buffett News

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...

Where's Caitlyn? So far, Jenner's campaign is virtual

Apr. 27, 2021 19:06 PM EDT

LOS ANGELES (AP) — In her five days as a Republican candidate for California governor, Caitlyn Jenner had a Twitter spat with a Democratic congressman, unveiled a website to sell T-shirts and other campaign swag and posted a photograph of herself with a startup business owner. ...

Settlement reached in suit against ultra-rich Montana club

Apr. 26, 2021 19:22 PM EDT

BILLINGS, Mont. (AP) — Dozens of Jamaican citizens recruited to work as cooks, servers and housekeepers at a Montana ski resort for the ultra-rich have reached a $1 million class action settlement over allegations they were discriminated against and paid less than other employees to do the...

Big-business pushback against voting measures gains momentum

Apr. 14, 2021 19:45 PM EDT

Big business has ratcheted up its objections to proposals that would make it harder to vote, with several hundred companies and executives signing a new statement opposing “any discriminatory legislation." The letter, published Wednesday in The New York Times and The...