(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. increased its stakes in five of Japan’s major trading companies, according to filings released on Monday. Berkshire Hathaway first bought stakes in Japan’s trading houses — also known as “sogo shosha” — in August 2020, acquiring about 5% of each of the firms. The trading companies, which invest […]
Read More(Bloomberg) — For investors looking for a dip-buying opportunity in the global chip industry, Berkshire Hathaway Inc. may have a recommendation: Taiwan Semiconductor Manufacturing Co. Warren Buffett’s conglomerate picked up a $5 billion stake in the firm in the recent quarter amid a rout that wiped out over $250 billion from the stock. It hasn’t […]
Read More(Bloomberg) — Berkshire Hathaway Inc.’s insurance businesses took a hit in the third quarter as the sector grappled with the fallout from Hurricane Ian and increased frequency and severity of claims in the auto space. The conglomerate run by billionaire Warren Buffett posted a $962 million loss on its insurance underwriting businesses, the company said […]
Read More(Bloomberg) — Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on Friday won approval to buy as much as 50% of the shares. Some investors believe it’s a step toward a full takeover, which may end up […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. The conglomerate was a net buyer of equities in the quarter, reporting $45.2 billion in purchases after subtracting sales in second-quarter results released Saturday. It bought a total of $41.4 billion in shares in the first three months of 2022 […]
Read More(Bloomberg) — Berkshire Hathaway Inc. is about to give investors a look at how the conglomerate is handling spiraling inflation, rate hikes and a market downturn that’s weighed on some of its largest holdings. Warren Buffett’s Berkshire is set to report second-quarter results Saturday, and the sharp sell-off that’s dogged markets in the first half […]
Read More(Bloomberg) — Warren Buffett demonstrated he’s still bullish on U.S. retail banking — but not on Wells Fargo & Co. The billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing Monday from his Berkshire Hathaway Inc. Berkshire also reported new stakes in banking giant Citigroup Inc. and […]
Read More(Bloomberg) — As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout. The billionaire investor went on his biggest stock buying spree for at least a decade, undeterred by the geopolitical turmoil and fears of runaway inflation. He and […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc., which contended for years with high valuations stifling deal prospects, is back on its stock-buying game. The conglomerate made roughly $41 billion of net purchases in the first quarter, including a boost to its Chevron Corp. stake that vaulted the investment into Berkshire’s top four common stock holdings. […]
Read More(Bloomberg) — California Public Employees’ Retirement System, the largest public pension fund in the U.S., said it plans to vote for a shareholder proposal that Berkshire Hathaway Inc. replace billionaire Warren Buffett as chairman. The fund has over $450 billion in assets under management and about $2.3 billion in Berkshire shares, it said in a […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought a stake in HP Inc. valued at more than $4.2 billion. Shares of the laptop maker surged as much as 10%. Berkshire bought some of the stock earlier this week in multiple transactions and now holds an investment of about 121 million shares in the computer company, […]
Read More(Bloomberg) — Fueled by its leverage to rising oil prices and a big boost from the world’s top investor, Occidental Petroleum Corp. doubled this quarter and is the best performer in the S&P 500. It is quite a turnaround for the oil explorer, which has struggled for years. The shares soared 101% over the last […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. snapped up 18.1 million additional shares of Occidental Petroleum Corp., giving the conglomerate a 14.6% stake in the oil giant. Berkshire bought the shares between Monday and Wednesday at prices ranging from $52.99 to $55.38, according to a filing late Wednesday. Buffett’s company is digging even deeper into […]
Read More(Bloomberg) — Warren Buffett’s high-class problem of too much cash and too few opportunities may be easing. His Berkshire Hathaway Inc. disclosed Friday that it had snapped up almost 30 million additional shares of Occidental Petroleum Corp., worth roughly $1.6 billion midday Monday amid volatility in stocks due to a potential ban on Russian oil […]
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