Berkshire Hathaway Inc. has undertaken a massive buying spree, increasing its shares in multiple companies as fears of an economic recession have driven stock prices downward. In the first quarter of 2022, the company greatly increased its shares of Occidental Petroleum Corp. and Chevron Corp. and continued to add to its position in Apple Inc….
Berkshire Buys More Occidental Shares, Boosts Stake to 15.2 Percent
Warren Buffett’s Berkshire Hathaway Inc has bought another 5.9 million shares of Occidental Petroleum Corp, boosting its stake in the oil company to about 15.2 percent. The purchases were made on Monday and Tuesday and cost about $336 million, Berkshire said in a regulatory filing on Wednesday night. Following the purchases, Berkshire owned 142.3 million…
Warren Buffett Ends Drought With Berkshire’s $11.6 Billion Alleghany Purchase
NEW YORK—Warren Buffett’s Berkshire Hathaway Inc. on Monday struck an agreement to buy insurance company Alleghany Corp. for $11.6 billion, only weeks after the 91-year-old billionaire bemoaned a lack of good investment opportunities. Alleghany, the owner of reinsurer Transatlantic Holdings Inc., would expand Berkshire’s large portfolio of insurers, which includes auto insurer Geico, reinsurer General…
Berkshire Hathaway Stock Price Reaches $500,000
The share price of Warren Buffett’s Berkshire Hathaway Inc. reached $500,000 for the first time on Monday, reflecting the company’s status as a defensive stock in a market unsettled by events in Ukraine and rising inflation. Berkshire’s Class A shares have risen 10 percent in 2022, outpacing the Standard & Poor’s 500 index, which has…
Berkshire’s Munger Calls Markets ‘Crazy,’ Harsh on Crypto Investors, Praises Musk: Interview
December 3, 2021
admin
Berkshire Hathaway IncBusiness & Economycharlie mungercryptocurrencieseconomyMarketsUSUS NewsWarren Buffett
0 Comment
The current markets are apparently “even crazier” than the dot-com era with overvalued prices and self-centered cryptocurrency investors, said Charlie Munger in a conference call on Friday. Berkshire Hathaway Vice Chairman Charlie Munger, 97, is a polymath and the trusted partner of one of the world’s biggest investors, Warren Buffett. Munger was addressing Australian investors…
Buffett’s Company Abandons $1.3 Billion Natural Gas Pipeline Deal
OMAHA, Neb.—Warren Buffett’s company is abandoning its purchase of a natural gas pipeline from Dominion Energy because of uncertainty about whether the deal could get regulatory approval. Berkshire Hathaway Inc. will receive a $1.3 billion refund on the proposed purchase of Questar Pipelines that was also supposed to include $430 million of Dominion’s debt when…
Warren Buffett’s $10 Billion Mistake: Precision Castparts
Warren Buffett makes mistakes too. The 90-year-old billionaire on Saturday admitted he “paid too much” when his Berkshire Hathaway Inc. spent $32.1 billion in 2016 to buy aircraft and industrial parts maker Precision Castparts Corp., its largest acquisition. Berkshire wrote off $9.8 billion of Precision’s value last August, as the coronavirus pandemic sapped demand for…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`