One of the largest U.S. public pension plans made big changes in its investments, including Asian tech giants. The New York State Common Retirement Fund cut its investments in Alibaba Group Holding (t...
Tag: Berkshire Hathaway Cl A
2 Natural-Gas Stocks to Play the Coming Rebound
The collapse in natural-gas prices in recent months has generated a fraction of the attention of the run-up of the first half of 2022. But it could dent 2023 profits industrywide—and dampen inflation ...
Stock Market Looks Poised to Rally as Bond Yield Falls
Text size Michael Nagle/Bloomberg The worst may be over for the stock market. Key equity indexes continued their autumn rally, and there could be more gains before the end of the year, helped by conti...
A Berkshire Hathaway Bright Spot: Energy. Here Are the Numbers.
Warren Buffett likes energy. Berkshire Hathaway now owns some $58 billion of Chevron and Occidental Petroleum securities. It isn’t Berkshire’s largest holding; that would be insurance, led by auto ins...
PVC Prices Are Falling. Why Warren Buffett Should Be Worried.
One thing leads to the other. Rising interest rates pummel housing. Lumber prices fall, some 60% this year. And, notes energy research firm and investment bank Tudor Pickering Holt, PVC—the plastic th...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
Berkshire Buys Buffett Successor’s Stake in Prized Utility Unit
Text size Photo by CHANDAN KHANNA/AFP via Getty Images Berkshire Hathaway bought a 1% stake held by Vice Chairman Greg Abel in the company’s big electric utility business for $870 million in cash, hig...
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...
Energy Stocks Are Cheap. Just Ask Warren Buffett.
Energy stocks are on sale, after a sharp selloff since oil and natural-gas prices peaked in early June. Oil is down 18% from its high, to $102 a barrel, while gas has fallen by a third, to about $6 pe...
Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch/Getty Images Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a ...
Stock Market Has a Very Bad Week. Why It Gets Worse Before It Gets Better.
After a three-year hiatus, the Golden State Warriors are the best team in basketball again—and they had to navigate an injury-driven tumble from the top to the absolute bottom to do it. There’s a less...
Why Warren Buffett Bought Paramount, Not Netflix, Stock
Text size Paramount+ has about 62 million subscribers. Valerie Macon/AFP via Getty Images Older viewers love CBS, but I’m guessing that Warren Buffett didn’t just drop $2.6 billion on shares of networ...
Rates Are Rising and Stocks Are Taking a Beating. It Won’t End Soon.
Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt/G...
4 Takeaways From the Berkshire Hathaway Annual Shareholders Meeting
Text size Warren Buffett. Drew Angerer/Getty Images OMAHA, Neb.—The 2022 Berkshire Hathaway annual shareholders meeting took place in person on Saturday, with tens of thousands of Warren Buffett fans ...
Berkshire Hathaway: Live Coverage of the Annual Shareholders Meeting
OMAHA, Neb.—The Berkshire Hathaway annual shareholders meeting is back in person for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addre...