Markets

Warren Buffett’s Berkshire Hathaway sold about $6 billion of Chevron stock in the first quarter. Berkshire cashed out about 35 million shares, or 20% of its stake in the oil titan, earnings show. Buffett’s company may have sold shares in Taiwan Semiconductor and two US banks, one analyst said. Loading Something is loading. Thanks for… Continue reading Warren Buffett’s Berkshire Hathaway reveals it sold about $6 billion of Chevron stock last quarter

George Glover Billionaire investor Carl Icahn’s business empire became Hindenburg Research’s latest target this week. CNBC/Getty Images Contributor Hindenburg Research disclosed a short position against Carl Icahn’s business empire this week. Icahn Enterprises plunged 20% the day the short-seller released its bombshell report. From Indian conglomerate Adani to EV company Nikola, here are Hindenburg’s biggest… Continue reading Carl Icahn’s business empire just became Hindenburg’s latest target. Here are some of the short seller’s other big bets.

Warren Buffett and Charlie Munger weighed in on Elon Musk at Berkshire Hathaway’s annual meeting. The Tesla chief tackles complex problems, resulting in major wins and losses, they said. “We don’t want that much failure,” Munger said, explaining why they take fewer risks than Musk. Loading Something is loading. Thanks for signing up! Access your… Continue reading Elon Musk dreams big and tackles impossible problems. Warren Buffett and Charlie Munger are happy to aim lower: ‘We don’t want that much failure’

Warren Buffett isn’t worried about the US dollar losing its status as the world’s reserve currency. However, the famed investor warned excessive government spending could have painful fallout. Fear of “de-dollarization,” or reduced reliance on greenbacks, has surged in recent months. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Warren Buffett shrugs off de-dollarization fears but warns excessive government spending may have serious fallout

Apple outshines all of Berkshire Hathaway’s businesses, Warren Buffett says. The Berkshire CEO emphasized the immense value Apple’s customers place on their devices. Buffett touted the fact that Berkshire’s Apple stake grows as the tech titan buys back stock. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Apple is a better business than Geico, See’s Candies, and the rest of Berkshire Hathaway’s companies, Warren Buffett says

Warren Buffett issued a negative outlook for the US economy on Saturday. The Berkshire Hathaway CEO said the boom period for his businesses has ended. Higher interest rates and banking pressures are stoking fears of a US recession and credit crunch. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Warren Buffett strikes a dour tone on the US economy, warning the easy-money era is over

Bitcoin could hit a new record high next year, said Bob Ras, cofounder of blockchain firm Sologenic. He cited bitcoin halving, which will reduce mining rewards and supply of the token. The banking crisis and expectations that the Fed will start easing may also lift bitcoin, he added. Loading Something is loading. Thanks for signing… Continue reading Bitcoin could more than double and hit a new record high next year as the token sees a big shakeup, blockchain exec says

Bill Ackman, Jeffrey Gundlach, Mohamed El-Erian and others are warning the banking turmoil is far from over. Chaos has ripped through the sector for the past two months, causing four lenders to collapse so far. Here are some of the most recent warnings from high-profile investors, analysts and other experts. Loading Something is loading. Thanks… Continue reading The banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about the unresolved risks.