Warren Buffett Just Gave Away Almost $3.2 Billion — Here’s Why
Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) CEO Warren Buffett has just given away 18.63 million Class “B” shares of his stock, worth nearly $3.2 billion as of this writing. However, this is nothing new: Buffett has given away more than $27.5 billion since 2006. Here are the details about Buffett’s charitable efforts, who’s getting the money, and other billionaires who […]
Sprint Stock Jumps on Report That Its Chairman Held Meetings With Warren Buffett and John Malone
Sprint Corp.’s (S) Chairman Masayoshi Son met separately with Berkshire Hathaway’s (BRK.A) Warren Buffett and cable and media tycoon John Malone, possibly concerning an investment in the telecom company, according to the Wall Street Journal, sending the stock jumping 4.3% to $8.55 by Friday’s close. Though the details of the meeting have not been disclosed, […]
The Fed just edged a step closer to recognizing a major policy misstep
(Federal Reserve Chair Janet Yellen tours Daley College in Chicago, Monday, March, 31, 2014. AP Images) The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth and, potentially, preparing for a pause in interest rate increases. Wall Street rallied after Fed Chairwoman Janet Yellen’s testimony to Congress this […]