Latest Warren Buffett News

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

Profit up 87% at Buffett's firm, but virus slows businesses

Aug. 8, 2020 4:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

Buffett's firm has bought $2.1B of Bank of America stock

Aug. 5, 2020 12:01 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company has bought $2.1 billion of Bank of America stock over the past three weeks after the latest purchases of $340 million of shares. Berkshire Hathaway Inc. said Tuesday it bought 13.6 million Bank of America shares between Friday and Tuesday. The Omaha,...

FILE - This March 3, 2020, file photo shows the Iron Gate Dam, powerhouse and spillway are on the lower Klamath River near Hornbrook, Calif. California Gov. Gavin Newsom has appealed directly to investor Warren Buffet to support demolishing four hydroelectric dams on a river along the Oregon-California border to save salmon populations that have dwindled to almost nothing. Newsom on Wednesday, July 28, 2020, wrote Buffet, urging him to back the Klamath River project, which would be the largest dam removal in U.S. history. (AP Photo/Gillian Flaccus, File)

California governor asks Warren Buffett to back dam removal

Jul. 30, 2020 11:48 PM EDT

LOS ANGELES (AP) — Gov. Gavin Newsom has appealed directly to investor Warren Buffett to support demolishing four hydroelectric dams on a river along the Oregon-California border to save salmon populations that have dwindled to almost nothing. Newsom on Wednesday sent a letter to Buffett urging him to back...

FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday, July 27, 2020 it held 998 million Bank of America shares after the latest purchases, which represents roughly 11.5% of the bank's stock. (AP Photo/Nati Harnik, File)

Buffett's firm buys another $400M of Bank of America stock

Jul. 28, 2020 2:29 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock. Berkshire Hathaway Inc. said Monday it held 998 million Bank of America shares after the latest purchases, which represents roughly...

Editorial Roundup: US

Jul. 26, 2020 2:06 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ July 21 The Washington Post on the recent hacking of several high-profile Twitter accounts: “Tough day for us at Twitter,” company chief executive Jack Dorsey tweeted last Wednesday, after several high-profile accounts on his site...

FILE - In this March 9, 2020, file photo, Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington.  Tesla has posted three straight profitable quarters, opened a factory in China and rolled out the Model Y small SUV. Yet ahead of second-quarter results on Wednesday, July 21, analysts are beginning to question whether the run will last.  (AP Photo/Susan Walsh, File)

Tesla's spent a year terrifying, electrifying Wall Street

Jul. 21, 2020 6:23 PM EDT

DETROIT (AP) — Tesla's losses were mounting last summer, massive debt payments were looming, and both Wall Street and federal regulators had run out of patience with the erratic behavior of CEO Elon Musk. One year ago this week, shares plunged 14% after Tesla posted another quarterly loss, this one for...

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)

Fed buys more corporate bonds but may soon end purchases

Jul. 10, 2020 7:55 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....

Editorial Roundup: West Virginia

Jul. 8, 2020 4:51 PM EDT

Recent editorials from West Virginia newspapers: ___ July 8 Bluefield Daily Telegraph on West Virginia's mask mandate: Masks are now considered mandatory in both West Virginia and Virginia. Like it or not, facial coverings are one of the best tools we currently have to slow the surge in new coronavirus cases...

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...