The Wall Street attorney chosen by President Donald Trump to head the Securities and Exchange Commission has worked on many of the kinds of deals the agency regulates and represented some of the biggest financial firms. A financial disclosure report Jay Clayton filed with the government reveals clients that pose potential conflicts of interest for the SEC job.
Category: Warren Buffett
Buffett’s Berkshire more than doubled its stake in Apple
Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc. had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire’s biggest equity holdings, and that U.S. stocks overall were not in “bubble territory.” “Apple strikes me as having quite a sticky product and an enormously useful product to people that use it, not that I do,” said Buffett, chairman and chief executive of Berkshire Hathaway.
The Latest: Buffett says $143B Unilever talks soured quickly
Warren Buffett says the proposed $143 billion offer to acquire Unilever, a deal with links to his company, fell apart quickly because the European company wasn’t interested. Buffett said Monday on CNBC that his Berkshire Hathaway and 3G Capital abandoned Kraft Heinz Foods’ bid for Unilever because they were interested only in a mutually agreed upon tie-up, not a hostile takeover.
Don’t waste money on fees: Buffett
Investor Warren Buffett praised the country’s market system for its ability to allow Americans to continue building “mind-boggling amounts” of wealth. Photo / Supplied Billionaire Warren Buffett used his much anticipated annual letter to Berkshire Hathaway shareholders to reiterate his wariness of high Wall St fees and his positive outlook for the US economy.
What billionaire Buffett said in his annual letter to shareholders
The legendary investor also devoted a portion of his annual shareholder letter to pointing out some of his biggest mistakes Billionaire investor Warren Buffett used his annual letter to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump’s anti-immigrant stance. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers,” he wrote in the letter to shareholders of his massive Berkshire Hathaway conglomerate.
Democrats elect Perez national chairman
29, 2014 file photo, then-Labor Secretary Tom Perez speaks in the South Court Auditorium in the White House compound in Washington. National Democrats will elect a new chair whose task is to st… .
Warren Buffett sticks to business, avoids politics in letter
Billionaire investor Warren Buffett always draws a big audience with his annual letter to Berkshire Hathaway shareholders, but this year’s edition didn’t break much new ground. The letter released Saturday describes the performance of the more than 90 companies that Berkshire owns.
After Ripping Wall Street, Trump Taps Insider to Police Industry
Donald Trump ridiculed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs Group Inc. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street’s top regulator. Trump will pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, the president-elect’s transition team said in a statement Wednesday.
3 Big Brand Stocks to Buy in January
Warren Buffett loves to find companies with “economic moats,” or those sustainable competitive advantages a business possesses that allows it to generate high profits while discouraging the competition. One of those unassailable market barriers is the creation of a brand name that consumers associate with quality, durability, and resiliency.