Li Shufu, chairman of Zhejiang Geely Holding Group Co., in 2018. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, a China automaker controlled by billionaire L...
Tag: Warren Buffett
Warren Buffett-Backed BYD’s EV Sales More Than Tripled In June
A BYD Tang vehicle on sale in Beijing last year. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP BYD, the China vehicle and battery maker backed by Warren Buffett’s Berkshire Hathaway, ...
Buffett’s Berkshire Hathaway Buys More Occidental Petroleum Stock
Text size Warren Buffett hip Somodevilla/Getty Images Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wedne...
These Are The Best And Worst Performing Stocks Of 2022
Topline Amid the market’s worst first half of a year in over five decades, tech and cruise line stocks have been among the worst performers in the S&P 500, while energy, healthcare and consumer co...
Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase
Text size Buffett likes American companies, and Occidental gets the vast bulk of its energy production domestically. Johannes Eisele/AFP/Getty Images Berkshire Hathaway continued to add to its stake i...
Warren Buffett Beefs Up Occidental Petroleum Bet
Summary Buffett increased the holding by 6.67% as gas prices continue to climb. During Berkshire’s annual meeting, he expressed confidence in the CEO’s leadership. As oil prices continue t...
What Did Warren Buffett See in Occidental That Carl Icahn Missed?
Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Report) purchased another 9.6 million shares of Occidental Petroleum ( (OXY) – Get Occidental Petroleum Corporation Report), incr...
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 ...
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...
How To Navigate The Current Stock Market Volatility Revisited
On May 6, I shared my thoughts on how to navigate the current stock market turmoil, noting that the selloff was likely driven by many different investor concerns: inflation, interest rates, the war in...
Why Experts Pick These Stocks During Economic Turmoil
Topline With stocks falling into a bear market this year amid fears that aggressive rate hikes from the Federal Reserve will plunge the economy into a looming recession, top firms on Wall Street are a...
Buffett’s son donates $2.7 million to Ukraine after Zelenskyy meeting
Warren Buffett, left, and his eldest son, Howard G. Buffett Peter Kramer | NBC | Getty Images Howard Buffett, son of billionaire investor Warren Buffett, is donating millions of dollars from his found...
Buffett disciple Mohnish Pabrai names his favorite investing books
Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren B...
Are Stocks Undervalued Yet? – WSJ
Everyone wants to know when the stock market, after its recent declines, will be a good value again. The sobering news is that even at its lowest point in mid-May, the S&P 500 index wasn’t even cl...
Warren Buffett-Backed BYD’s EV Sales More Than Tripled In May
Warren Buffett’s Berkshire Hathaway owns 7.7% of BYD, according to Hong Kong Stock Exchange figures. … [+] Photographer: Daniel Acker/Bloomberg © 2021 Bloomberg Finance LP BYD, the Shenzhe...
Fayez Sarofim, Buffett-Style Investor and Art Collector, Dies at 93
Fayez Sarofim, an Egyptian immigrant who built a successful investment firm with an approach similar to Warren Buffett’s, died in Houston on Saturday at age 93. Sarofim, who became a billionaire, had ...
Below Book Value In The Berkshire Hathaway Fund
“Omaha, Nebraska on the map.” getty Berkshire Hathaway BRK.B is showing its Benjamin Graham roots with the recent purchase of 2 stocks now trading below book value. That’s just the sort of...
Netflix Is Now Oversold
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a tec...
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...
Berkshire Hathaway Didn’t Have to Disclose Earlier its 10% Stake in Paramount. Here’s Why.
Text size Berkshire Hathaway now owns 10.6% of Paramount Global. Dreamstime Berkshire Hathaway ’s purchase of more than 10% of Paramount Global , disclosed late Monday, normally would have triggered a...
Somatus: 2022 CNBC Disruptor 50
Founders: Ikenna Okezie (CEO), Tony WeltersLaunched: 2017Headquarters: McLean, VirginiaFunding: $490.1 million (PitchBook)Valuation: $2.5 billion (PitchBook)Key technologies: Artificial intelligence, ...
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome P...
Walmart, Citigroup, Paramount and more
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Check out the companies making headlines in midday trading. Walmart — Shares fel...
Warren Buffett Dumps Wells Fargo, Picks Up Citigroup
Summary The guru entered eight new positions during the quarter, including two that were previously disclosed. He sold out of AbbVie ABBV , Bristol-Myers Squibb and Wells Fargo WFC . Warren Buffett (T...