Billionaire Warren Buffett said during Berkshire Hathaway’s annual meeting in Omaha that he’s bullish on America’s economic prospects despite the bitter political divisions of today, although value investors like himself should get used to “making less” in part because so many are following similar strategies. In the annual event that Buffett calls the “Woodstock for…
Berkshire Hathaway Annual Meeting: Buffett Bullish on America Despite Political Divisions
Investors Worldwide Further Reduce Stakes in Chinese Tech Firms, Some Shift Investment to Taiwan
December 26, 2022
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AlibabaBerkshire HathawayBusiness & MarketsBYDChinaChina Business & EconomyCompaniesFoxconnInflation Reduction ActInvestmentSoftbankTaiwantariff evasionTencentTsinghua UnigroupTSMCWarren Buffet
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New Analysis Amid a grim outlook of the Chinese economy, particularly its technology sector, foreign investors have been cashing out their gains on Chinese stocks, fearing their values might plummet further. Meanwhile, some investors have turned their attention to Taiwanese tech firms. Berkshire Hathaway, Warren Buffett’s investment firm, has reduced its holdings of BYD, a…
Buffett’s Berkshire Hathaway Wins OK to Buy 50 Percent Occidental Stake
A U.S. energy regulator on Friday gave Berkshire Hathaway Inc., the company controlled by billionaire Warren Buffett, permission to buy up to 50 percent of oil company Occidental Petroleum Corp’s common stock. The Federal Energy Regulatory Commission (FERC) said letting Berkshire add to its 20.2 percent stake was “consistent with the public interest.” Berkshire had…
Buffett’s Firm Buys More Apple, Amazon While Betting on Oil
OMAHA, Neb.—Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful…
Warren Buffett’s Company Has Bet $47 Billion on the Oil Sector
August 9, 2022
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Berkshire HathawayBusiness & MarketsCompanieseconomyInvestmentMarketsOccidental PetroleumstocksWarren Buffett
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OMAHA, Neb.—Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20 percent of the oil producer. Occidental’s stock rose more than 3.5 percent on Tuesday to $62.18 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth…
Is Warren Buffett’s Interest in Occidental a Bet Against Recession?
Warren Buffett’s near 20 percent stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a “cash machine” that feeds his other investments. Buffett’s Berkshire Hathaway has been snapping up Occidental shares since 2019, when it bought around $10 billion in preferred stock to help…
Inflation ‘Episodic’ and Fossil Fuels Are Never Going Away: Billionaire Investor
Charlie Munger, the vice chairman of Warren Buffet’s Berkshire Hathaway, is not particularly worried about inflation, and believes people will be using fossil fuels for a long time. Inflation is “always with us in an episodic way,” Munger said in an interview published by the Australian Financial Review on July 12. “That’s what modernity causes….
Berkshire Hathaway Buys 9.9 Million More Occidental Shares, Has 17.4 Percent Stake
Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4 percent stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission….
Warren Buffett’s Portfolio: Here Are the Stocks Berkshire Hathaway Is Buying or Selling
By Brian Baker From Bankrate.com Warren Buffett is arguably the world’s most famous investor, and his investment moves are closely followed. Each quarter, the company he runs, Berkshire Hathaway, discloses its current holdings to shareholders. Here are some of the changes Buffett and his two investment officers, Todd Combs and Ted Weschler, made during the…
Warren Buffett Donates $4 Billion to Charities Including Bill & Melinda Gates Foundation
Billionaire businessman Warren Buffett on June 14 donated about $4 billion to the Bill & Melinda Gates Foundation Trust, along with a number of other charities, as part of his annual pledge to give away nearly all of his net worth. According to a press release published on Berkshire Hathaway’s website, the businessman converted 9,608 A-shares into…
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