Warren Buffett turns 92 today

Break out the See’s Candy and Dairy Queen and let the Coca-Cola flow. Tuesday is Warren Buffett’s birthday. And while the CEO of Berkshire Hathaway might be turning 92 this year, he still happily eats like a 6-year-old. And, ironically, he credits his longevity to his diet, which sometimes includes a packet or Oreos for … Read more

Warren Buffett Has Been Buying T-Bills. Here’s Why That’s a Smart Strategy.

Elias Stein Text size Warren Buffett parks most of Berkshire Hathaway ’s cash in ultrasafe U.S. Treasury bills, and individual investors may want to consider following Buffett’s lead now that the yields are as high as 3%. Treasury bills, which are U.S. government securities maturing in less than a year, are a good alternative to … Read more

Warren Buffett Loves T-Bills. You Should Consider Them.

Warren Buffett, chairman and CEO of Berkshire Hathaway, has $75 billion in Treasury bills. Saul Loeb/AFP via Getty Images Text size Warren Buffett parks most of Berkshire Hathaway’s cash in ultra-safe U.S. Treasury bills, and individual investors may want to consider following Buffett’s lead now that they are yielding as much as 3%. Treasury bills, … Read more

It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.

Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its record high in March. The conglomerate’s operating profits were up 22% in the second quarter, excluding foreign-exchange gains, powered by a 56% gain in investment … Read more

Berkshire Now Holds 20% of Occidental Petroleum

Text size Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year. AFP via Getty Images Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 million in fresh purchases of the energy company in recent days, according to a filing late Monday. With a 20.2% stake, Berkshire Hathaway (ticker: BRK/A, … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. … Read more

Berkshire Hathaway Beats Estimates for Second-Quarter Profits

Text size Berkshire Hathaway CEO Warren Buffett added slightly to stakes in Apple and Chevron. Andrew Harrer/Bloomberg Berkshire Hathaway ’s operating profits rose 39% in the second quarter, topping estimates, on strength in the company’s insurance and railroad businesses as well as sharply higher investment income. The company continued to moderate its pace of share … Read more

Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock

Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of Occidental Petroleum stock. Berkshire Hathaway (ticker: BRK.A) paid $250 million from July 11 through 13 for a total of 4.3 million more shares of oil giant Occidental Petroleum … Read more

Berkshire Hathaway’s Warren Buffett: Barron’s Top CEOs 2022

Warren Buffett, CEO of Berkshire Hathaway Steve Pope/Getty Images Text size Warren Buffett is snapping up stocks, buying an insurer at a bargain price, and exciting investors in Berkshire Hathaway . Buffett, who turns 92 in August, had been relatively inactive in the wake of the pandemic, but has sharply picked up the pace of … Read more

Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S. economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P Bank exchange-traded … Read more