Move Aside, Big Banks: Giant Funds Now Rule Wall Street
Asset managers are growing into huge and complex financial supermarkets that mint billionaires by the dozen.
Warren Buffett weighed in on Berkshire Hathaway's succession plans and paid tribute to his late friend and business partner Charlie Munger at the company's shareholder meeting.
(Bloomberg) -- Berkshire Hathaway Inc.’s annual meeting on Saturday gave shareholders a glimpse of how the conglomerate will operate without Charlie Munger, who died last year at 99. Then came the questions: How will it operate without Warren Buffett?Most Read from BloombergTruce Talks Shift to Qatar as Hamas Hits Israel Border CrossingFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
One of Buffett's favorite stocks of all time topped his list of buys in 2023.
This industry-leading company is out of favor and worth buying now.
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
M2 money supply hasn't done this in nine decades.
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. They also turned down a proposal for more disclosure about efforts to promote diversity, equity and inclusion in the workplace.
Dan Loeb bet on one of the cheaper Magnificent Seven stocks as an underrated AI play.