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June 10, 2021

Berkshire Hathaway Inc

Bezos, Buffett, Bloomberg, Musk, Icahn and Soros pay tiny fraction of wealth in income taxes, report reveals

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CNBC – For more and to sign up click here Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no taxes in......

Aerion Supersonic shuts down, ending plans to build silent high speed business jets

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CNBC – For more and to sign up click here Artist drawing of a supersonic jet designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. Aerion Corporation Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice......

Stocks making the biggest moves in the premarket: Macy’s, Home Depot, Walmart, Tesla & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Macy’s (M) – The retailer earned 39 cents a share for the first quarter, including 1 cent a share from real estate-related gains, compared to expectations of a......

S&P 500 ends day 0.7% lower, Nasdaq sheds nearly 2% for worst day since March

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CNBC – For more and to sign up click here The S&P 500 fell on Tuesday amid selling in Big Tech and other high-growth stocks, erasing the benchmark’s strong start to the month. The broad market index closed the session 0.7% lower at 4,164.66 after dropping 1.5% at its low.......

Cramer rejects Buffett’s stance on stock picking, endorses a hybrid investing model

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Monday rejected Warren Buffett’s assertion that Wall Street’s new retail investors stay away from individual stock picking in favor of investing in index funds. “I respect Warren Buffett, but I’ll always be a Peter Lynch guy,”......

Stocks making the biggest moves in the premarket: Estee Lauder, Meredith Corp., DraftKings & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Estee Lauder (EL) – The cosmetics maker reported quarterly earnings of $1.62 per share, 30 cents a share above estimates. Revenue came in slightly below forecasts, however, as......

When Warren Buffett eventually is no longer Berkshire Hathaway CEO, Greg Abel will succeed him

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CNBC – For more and to sign up click here For the millions of people who tuned into the Berkshire Hathaway annual meeting, careful viewers were rewarded with an unexpected bit of news: who will be the next CEO of the company. In response to a question on Saturday about......

Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

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CNBC – For more and to sign up click here Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I......

This is the special lesson Warren Buffett gave new stock investors at his annual meeting

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CNBC – For more and to sign up click here Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller Warren Buffett took a special moment at the start of Berkshire Hathaway‘s annual shareholders’ meeting Saturday to speak to the record amount of new......

Berkshire Hathaway’s operating earnings jump, Buffett continues to buy back stock

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CNBC – For more and to sign up click here Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating earnings rebounded as the conglomerate’s businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace. Berkshire......

Berkshire’s annual meeting is Saturday with Buffett and Munger together again, shares at a record

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CNBC – For more and to sign up click here Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder......

Taxes and inflation will be key themes for markets in the week ahead

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CNBC – For more and to sign up click here Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in......

Amazon is expanding Amazon Care telehealth service nationally for its employees and other companies

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CNBC – For more and to sign up click here Amazon is rolling out its telehealth service known as Amazon Care for its employees in all 50 states starting this summer with plans to expand it to other employers later this year. “Amazon Benefits has been the enterprise customer that......

How Wrigley’s managed to dominate the chewing gum world despite nearly a decade of declining public interest

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CNBC – For more and to sign up click here Gum lines the pockets of most Americans and has been a staple in American culture for centuries. For some, gum is all about flavor, and for others, it’s about fear of bad breath, curbing hunger, or alleviating anxiety. For nearly......

Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record

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CNBC – For more and to sign up click here Warren Buffett. Gerald Miller | CNBC Warren Buffett‘s net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its......

Chevron CEO believes stock is a great long-term value play, which attracted Buffett to the name

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CNBC – For more and to sign up click here Michael Wirth, CEO, Chevron, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC Chevron CEO Michael Wirth told CNBC he hasn’t spoken to Berkshire Hathaway since the firm took a stake in the......

Warren Buffett owns more of a Chinese electric car company than General Motors

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CNBC – For more and to sign up click here Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Warren Buffett‘s Berkshire Hathaway conglomerate has a larger stake in Chinese electric......

Warren Buffett says ‘never bet against America’ in letter trumpeting Berkshire’s U.S.-based assets

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CNBC – For more and to sign up click here Warren Buffett Gerard Miller | CNBC This is breaking news. Please check back for updates. Warren Buffett, the 90-year-old “Oracle of Omaha,” remains a firm believer in the American dream, saying in his closely watched annual shareholder letter to “never......

Robinhood offers blistering retort to ‘elitist’ criticisms from Munger

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CNBC – For more and to sign up click here Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on......

Charlie Munger says novice investors are getting lured into a bubble in ‘dirty way’ by Robinhood

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CNBC – For more and to sign up click here Charlie Munger Lacy O’Toole | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett‘s longtime business partner, issued a dire warning on the manic momentum-driven trading activity by amateur investors and said commission-free trading apps like Robinhood were......

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