Buffet with Warren Buffett: Lunch with iconic businessman raises record $19m in eBay charity auction June 18, 2022 A lunch with billionaire businessman Warren Buffett has been auctioned for a whopping $19m, marking the most expensive item to be sold on eBay for charity.
Berkshire Hathaway says shareholders should vote against plans to replace Warren Buffett as chairman March 12, 2022 Berkshire Hathaway has called on shareholders to vote against plans to replace Warren Buffet as chairman of the Omaha headquartered investment company. The Board of Berkshire Hathaway said shareholders should vote down a proposal, put forward by Pennsylvania investment firm Federated Hermes, to separate the positions of Chairman and CEO within the firm. The move [...]
Warren Buffett’s Berkshire Hathaway dumps Visa and Mastercard stock and buys $1bn in Bitcoin fintech Nubank February 16, 2022 Berkshire Hathaway, Warren Buffett’s investment vehicle, has reportedly ditched more than $3bn in stock in payment processor giants Visa and Mastercard. According to a securities filing in the U.S., dated 14 February, the investment giant has sold $1.8bn in Visa shares and $1.3bn in Mastercard stock. At the same time, the company increased its participation [...]
Berkshire Hathaway enjoys rebound in profits November 6, 2021 Warren Buffett’s Berkshire Hathaway has extended its rebound from the early stages of the pandemic, with quarterly operating profits rising by 18 per cent to $6.47 billion compared to $5.48 billion in the year-earlier period. This is despite the company hoarding cash and cutting back on some stock holdings. During the third quarter, Berkshire Hathaway [...]
Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO August 26, 2021 Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Warren Buffett names Greg Abel as Berkshire Hathaway successor May 4, 2021 Investor Warren Buffett has said that vice-chairman Greg Abel will succeed him as chief executive when he steps down from the role. Buffett, 90, built Berkshire Hathaway from a failing textile maker into a $628bn investment giant. Despite the announcement, Buffet said that he has no plans to step down in the near future. “The [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]
Warren Buffett’s Berkshire Hathaway sees profit rise on stock market charge February 27, 2021 Warren Buffett’s Berkshire Hathaway said that a surge in prices of stocks like Apple had taken the investment firm to a profit of $36bn. The Nebraska-headquartered firm said that quarterly income rose 14 per cent to $5bn, while net income jumped 23 per cent to $35.8bn. The firm has been the beneficiary of a stock [...]
US airline stocks buffeted by Warren’s surprise sell-off May 4, 2020 US airline stocks have dropped sharply today as markets reacted to veteran trader Warren Buffett’s decision to sell all of his firm’s stakes in the US’ four main carriers. At the end of last year, Berkshire Hathaway held considerable positions in the four, including 11 per cent of Delta, 10 per cent of American Airlines, [...]
Turnaround time for struggling food giant July 12, 2019 | City Talk By Rodney Hobson from interactive investor. The proof of the pudding lies with a new chief who looks set to sell off poor performers to boost spending on premium lines. A heavy burden lies on the shoulders of Miguel Patricio, who took over as chief executive officer of food and beverage giant Kraft Heinz (NASDAQ:KHC)last month. The reputation of [...]