Category: Warren Buffett

Delta’s CEO Sounds Optimistic Note for 2017; Hopes to Meet Buffett

Delta Air Lines Inc. Chief Executive Ed Bastian on Thursday sounded an optimistic note for 2017 earnings and said he expects to meet soon with the company’s newest and biggest investor, billionaire Warren Buffett. Two months ago Delta announced last year’s record-breaking performance, but noted that higher fuel prices and wage costs could weigh on margins during the March quarter before they expand again in the second half of the year.

Group says Buffett’s firm opposes selling fossil fuel stocks

A group of environmentalists that wants Warren Buffett ‘s company to sell its investments with ties to fossil fuels says Berkshire Hathaway is opposing the measure. Nebraskans for Peace said Tuesday that Buffett’s company told the group it opposes the measure that Berkshire shareholders will vote on later this spring.

Buffett Stings Hedge Funds Anew Over Their `Misbegotten’ Rewards

Warren Buffett’s sweeping endorsement of index investing is sure to sting the hedge-fund industry and encourage the stampede into assets that passively track the market. In his well-read annual letter to Berkshire Hathaway Inc. shareholders on Saturday, he estimated that investors wasted more than $100 billion on high-fee Wall Street money managers over the past 10 years.

Warren Buffett praises a talented and ambitious immigrantsa in shareholder letter

Interpretation of the news based on evidence, including data, as well as anticipating how events might unfold based on past events It’s become an American tradition to parse billionaire Warren Buffett’s annual letters to his shareholders for nuggets of plain-spoken insight, wit and sometimes a dash of politics. In this year’s letter, the Berkshire Hathaway chairman brought up a familiar subject under Donald Trump’s presidency: immigrants.

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Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. In his annual letter to Berkshire shareholders, Buffett said investors “will almost certainly do well” by staying with the long term with a “collection of large, conservatively financed American businesses.”

Warren Buffett credits ‘miraculous’ America in part to ‘tide…

The Berkshire Hathaway CEO has long been a believer in the economic power of the American people and its institutions and that opinion does not appear to have changed in his 2016 Annual Letter to Shareholders. “From a standing start 240 years ago a span of time less than triple my days on earth 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.”

Kraft’s Unliever Bid is a Bullish Growth Play – Just Not in the U.S.

Kraft Heinz’s surprise play for Unilever marks a contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth outside the U.S. Kraft Heinz ‘ s surprise play for Unilever plc marks an interesting contrast to President Donald Trump’s “Buy American, Hire American” economic policy, as the Warren Buffett-led food giant seeks growth in non-U.S. markets. Kraft’s $50 per share bid for the maker of Dove soaps and Ben & Jerry’s ice cream values the group at around $143 billion, Unilever said Friday, but nonetheless has “no merit, either financial or strategic” for the company’s shareholders.

How the Trump Trade Survived a North Korean Missile, Russian Sub and the NYT

On the darkest day yet for the Trump Administration, Wednesday, with national media and intelligence officials swarming, the second of the President’s proposed advisers out in two days, a new North Korean threat in play, and a Russian sub off the coast of Connecticut, the markets… rose? Not only rose but surged to another record, the longest run in 25 years, since the first President Bush. Nasdaq , Russell , Dow , FANG, financials, retails, transports; the worse the drama out of Washington, the bigger the tear.

Buffett Bets Big on Apple

Warren Buffett’s Berkshire Hathaway Inc was an aggressive buyer of stocks in last year’s fourth quarter, disclosing significant increases in its stakes in Apple Inc and in the four biggest U.S. airlines. In a regulatory filing, Berkshire said it nearly quadrupled its stake in Apple to about 57.4 million shares, worth roughly $6.64 billion as of Dec. 31, from 15.2 million shares three months earlier.

Apple breaks intraday record high for first time since 2015

Apple Inc’s share price hit an intraday record high on Tuesday for the first time in almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The stock touched an intraday all-time high of $135.09, beating its previous intraday high of $134.54 set on April 28, 2015.

Momentum investing explained

Portfolio manager and researcher Dr. Wesley Gray is at it again, looking for ways to build that proverbial better mousetrap. , which he co-wrote with Tobias Carlisle, and found it to be “solid piece of research that combines the successful value investing framework of Benjamin Graham and That these gentlemen have managed to publish two well researched and highly-analytical books in back-to-back years is a feat in and of itself.

Berkshire’s Airline Bet Said to Stem From Faith in Parker’s Call

Warren Buffett once quipped that a “farsighted capitalist” should have shot down Orville Wright at Kitty Hawk to spare investors all the losses they would suffer on airlines in the decades after the birth of flight. That’s why it was a surprise when, in November, the billionaire’s Berkshire Hathaway Inc. disclosed investments in the four largest U.S. carriers: American Airlines Group Inc., Delta Air Lines Inc., Southwest Airlines Co.

Apple Agrees to Buy Solar Power From Buffett’s Nevada Utility

Apple Inc. agreed to buy the output from a proposed 200-megawatt solar farm in Nevada to help power a data center in Reno. NV Energy Inc., a Las Vegas-based utility owned by Warren Buffett’s Berkshire Hathaway Energy Co., plans to seek approval for the power-purchase agreement from the Public Utilities Commission of Nevada, according to a statement Wednesday.

Buffett Back in Money on IBM, Reversing $2.6 Billion Loss

International Business Machines Corp. has climbed above the price that Warren Buffett paid for shares in the computer company, reversing more than $2 billion in paper losses for his Berkshire Hathaway Inc. IBM rose 2.2 percent to $170.55 at 4 p.m. Friday in New York after giving 2017 profit guidance on Thursday that was higher than analysts’ estimates. That compares with the average of $170.19 that Buffett spent for 81 million shares, according to Omaha, Nebraska-based Berkshire’s most recent annual report.

AIG to Pay Berkshire $9.8 Billion in Insurance Transfer Deal

American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal covers 80 percent of the risks on certain U.S. policies from 2015 and earlier, representing reserves of about $34 billion as of Jan. 1, 2016, New York-based AIG said Friday in a statement.

Gates Foundation to Sell 60 Million Berkshire Shares in New Plan

The foundation started by billionaire Bill Gates and his wife intends to sell 60 million Class B shares of Warren Buffett’s Berkshire Hathaway Inc. from July 1 of this year through June 30 of 2020. The plan will replace a three-year program that began in 2014 and ends on June 30, the Bill & Melinda Gates Foundation said in a regulatory filing Tuesday.

6-Point Checklist for Making Sure You Can Afford to Invest

If you’re itching to start investing in the stock market, who could blame you? It’s where Warren Buffett and countless others have made much of their money, and it’s just about the best way to build wealth over the long term. But hold your horses: First use these six questions as a checklist to make sure you can afford to invest.

Better Buy: Berkshire Hathaway vs. GE

However, Berkshire has soared 22% in 2016, and thus, is naturally less attractive than it was at this time last year. With that in mind, let’s take a look at Berkshire as compared to another stock I have my eye on right now, General Electric Aside from having Warren Buffett, the greatest long-term investor of all time, at the helm, there are plenty of good reasons to like Berkshire over the long run, no matter who is at the CEO’s desk.

Warren Buffett Wisdom To Ring In the New Year

Clearly, Warren Buffett knows a thing or two about investing success, and fortunately, he isn’t shy about sharing the secrets he’s learnedover the years. His annual reports to investors are packed with folksy investing wisdom, including these gems, each of which could help make youa more successful investor in 2017.

3 Stocks I Won’t Be Selling In 2017

Oftentimes, portfolio performance can benefit from lack of action. In other words, investors may be better off simply leaving their stocks alone, and not worrying about timing the market to buy and sell at the right times.

Warren Buffett’s Berkshire Hathaway (BRK.A) Gains Ahead of Dow Chemical Stock Conversion

The chemical giant plans to convert Berkshire Hathaway’s 3 million shares of preferred stock into common stock by year’s end. Shares of Warren Buffett’s Berkshire Hathaway were up .44% to $247,500 in Monday morning trading as the market reacted to Dow Chemical’s Friday announcement that it will convert the conglomerate’s preferred stock stake in the company into common stock by the end of the year.