• Warren Buffett May 2

    Buffett's Firm Holds Online Event After Reporting $50B Loss

    Warren Buffett is planning to lead an unusual annual meeting without any of the roughly 40,000 shareholders who typically attend, but the investor will offer some of the commentary that draws the huge crowds. He’ll likely be asked during Saturday’s livestreamed meeting about the nearly $50 billion loss Berkshire Hathaway reported hours earlier and the pile of $137 billion cash...

  • Bill Gates Mar 31

    Gates Leaves Microsoft Board to Focus on Philanthropy

    Microsoft co-founder Bill Gates announced on Friday that he is stepping down from the boards of Microsoft and Berkshire Hathaway to focus on philanthropy.

  • Attorney May 9, 2019

    Fake German Heiress Gets Up to 12 Years Behind Bars in NYC Fraud Case

    Anna Sorokin, the German con artist who passed herself off as a wealthy heiress to swindle banks, hotels and even close friends as she lived out a high-society, Instagram-ready fantasy in New York, was sentenced Thursday to four to 12 years in prison.

  • CEO May 4, 2019

    Berkshire Hathaway Investors Worry About Life After Buffett

    Tens of thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. But with the 88-year-old Buffett and 95-year-old Charlie Munger leading the company, it’s hard for shareholders not to wonder how much longer the revered investors will be in place. And the fact that...

  • Kraft Feb 23, 2019

    Warren Buffett Wants to Make an ‘Elephant-Sized' Purchase, But Says ‘Prices Are Sky-High'

    Despite a sour year in which Berkshire Hathaway posted a loss and was forced to write down $3 billion on its investments, Warren Buffett told shareholders that he wants to make a big acquisition. There is just one problem: Prices are too high. “In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire...

  • CEO Feb 22, 2019

    At Kraft Heinz, a Fed Investigation and a $15.4B Write-Down

    Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Shares plunged 26 percent at the opening bell Friday, the company’s biggest single-day decline, after posting a stunning $12.6 billion loss for the fourth quarter. Kraft Heinz divulged the receipt of a subpoena in October from the...

  • United States Oct 25, 2018

    After Long Losing Streak, US Stocks Surge on Solid Earnings

    Stocks soared Thursday as strong earnings reports from market bellwethers like Microsoft and Comcast gave a boost of confidence to investors shaken by the recent wave of selling. The rally wiped out a large part of the market’s plunge from the day before, but stocks are still down sharply over the past three weeks.

  • United States Sep 12, 2018

    To Prep for Hurricane Florence, Investors Sell Off Insurers

    Hurricanes almost always set off an orchestrated dance on Wall Street before they make landfall, with shares of property and casualty insurance companies dumped in favor of companies that sell construction supplies or portable generators. That routine began a week ago, though Hurricane Florence appears to be turning up the volume this time. The last time a hurricane of this...

  • Donald Trump Aug 17, 2018

    Trump Asks SEC to Study End to Quarterly Earnings Reports to ‘Save Money'

    President Donald Trump on Friday advocated for a possible end to the long-held quarterly earnings reports for publicly traded companies, saying it would boost business and in turn help create jobs. In a morning tweet, the president said he had spoken to “business leaders” for their ideas on growth and they believed filing earnings reports every three months was one...

  • CEO Aug 9, 2018

    Amazon Has Plans to Open Its Own Health Clinics for Seattle Employees

    Amazon’s ambitious plan to bring down the costs of health care is getting an early test in a familiar place: its Seattle headquarters. The company is in internal discussions to open primary care clinics in its main headquarters, according to two people familiar with the matter. The early plan is to hire a small number of doctors to start a...

  • BOSTON Jun 20, 2018

    Amazon, Buffett, JPMorgan Pick Dr. Atul Gawande to Lead Boston-Based Health Firm

    Amazon, JPMorgan Chase and Berkshire Hathaway have picked well-known author and Harvard professor Dr. Atul Gawande to transform the health care they give their employees.

  • Donald Trump May 18, 2018

    Bill Gates: Trump Asked the Difference Between HIV and HPV

    Bill Gates told members of his charity that President Donald Trump asked if HPV and HIV were the same thing and knew a “scary” amount about his daughter’s physical appearance, according to video exclusively obtained by MSNBC’s Chris Hayes, NBC News reported. The billionaire explained in the video, which aired Thursday night on “All In With Chris Hayes,” that he...

  • United States Mar 19, 2018

    Amazon Teams Up With JPMorgan Chase, Warren Buffett's Berkshire Hathaway to Tackle Health Care ‘Tapeworm'

    Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.” The leaders of each company, Amazon’s Jeff Bezos, Buffet, and JPMorgan’s Jamie Dimon, offered few details Tuesday and said that the project is in...

  • Donald Trump Mar 7, 2018

    Amazon CEO's Wealth Soars to New Heights While Trump's Sinks: Forbes

    Amazon CEO Jeff Bezos has become the first $100 billion mogul to top Forbes’ annual rankings of the world’s richest people. But President Donald Trump’s fortune sank during his first year in office despite a surging stock market. The Bezos milestone, revealed in Tuesday’s release of Forbes’ closely watched list, underscores the growing clout of both Bezos and the company...

  • United States Jan 31, 2018

    The Big Names Behind the Amazon-Berkshire Hathaway-JP Morgan Push to Change American Health Care

    Three guys walk into a bar. They’re Warren Buffett, Amazon.com’s Jeff Bezos and JPMorgan Chase’s Jamie Dimon. They decide to transform the American health care system. That’s probably not how these three men decided to form a new company to address health care costs for their U.S. employees, and possibly for many more Americans. The three companies, with a combined...

  • United States Jan 30, 2018

    Stocks See Biggest Drop Since August; Dow Loses More Than 300 Points

    U.S. stocks plunged Tuesday as the first major sell-off of the new year intensified for a second day, CNBC reported. The Dow Jones industrial average dropped 400 points at one point, though it rebounded slightly later in the afternoon, with UnitedHealth declining the most. Health care was the worst-performing sector in the S&P 500, which pulled back 1 percent Tuesday....

  • Canada Oct 3, 2017

    Warren Buffett's Firm to Buy Majority of Pilot Flying J Truck Stops

    Warren Buffett’s company is acquiring a major stake in Pilot Flying J truck stops and it will become a majority owner within about five years. The ubiquitous truck stops, 750 of them in 44 states and Canada, make up the 15th largest private company in the U.S., according to Forbes, with revenue of almost $20 billion per year. Berkshire Hathaway...

  • bank Jun 30, 2017

    Warren Buffett Buys 700 Million Shares in Bank of America

    Warren Buffett’s Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation’s largest banks. Berkshire said that it will convert warrants it purchased in Bank of America back in 2011, when the bank was struggling following the financial crisis, into common shares in the bank. The...

  • Donald Trump Feb 9, 2017

    A Look at The Judges Who Will Rule on Trump's Travel Ban

    Three judges on the San Francisco-based 9th Circuit Court of Appeals will decide as soon as Thursday whether to immediately reinstate President Donald Trump’s travel ban, which temporarily suspended the nation’s refugee program and immigration from seven mostly Muslim countries that have raised terrorism concerns.

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