Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant at $135 billion. A report by CNBC noted this would mark a drop of 13%, though...
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May 6). “It would’ve been catastrophic” if the Federal Deposit Insurance Corp. (FDIC) hadn’t done that,...
The U.S. has reportedly turned to Warren Buffett once more for help in a financial crisis. The billionaire investor offered lifelines to Goldman Sachs in 2008 following the collapse of Lehman Brothers, and to Bank of America in 2011. Now, Buffett has been in contact...
One day after Warren Buffett likened its app to a “casino,” Robinhood fired back, calling the revered investor part of an “old guard” trying to keep out new blood. “It is clear that the elites benefited from a stock market that kept many families sidelined...
May 05, 2024
Berkshire Hathaway’s Warren Buffett has compared the development of artificial intelligence (AI) to the atomic bomb. Just like that invention, the multibillionaire said Saturday (May 4) at Berkshire’s annual meeting, AI could produce disastrous results for civilization. “We let a genie out of the bottle when we developed nuclear weapons,” said Buffett, whose comments were reported by The […]
May 05, 2024
Warren Buffett’s Berkshire Hathaway has cut its stake in Apple, apparently for tax reasons. The conglomerate’s first quarter earnings report — released Saturday — showed the company’s investment in the tech giant...
May 07, 2023
“A run on every bank in the country.” That’s the scenario federal regulators helped prevent by covering depositors when Silicon Valley Bank (SVB) collapsed in March, Berkshire Hathaway CEO Warren Buffet said Saturday (May...
March 19, 2023
The U.S. has reportedly turned to Warren Buffett once more for help in a financial crisis. The billionaire investor offered lifelines to Goldman Sachs in 2008 following the collapse of...
