Warren Buffett’s stock shopping spree slows down even during market’s big pullback. Here’s why

Warren Buffett’s stock shopping spree slows down even during market’s big pullback.  Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway’s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Berkshire CEO-designate Abel sells stake in energy company he led for 0 million

Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company’s Berkshire Hathaway Energy unit for $870 million. … Read more

Here are the top defensive plays from heavy-hitter investors as recession fears grow

Here are the top defensive plays from heavy-hitter investors as recession fears grow

Fears of a recession intensified even more after data showed the economy shrank for a second straight quarter, making a strong case for defensive stocks for investors worried about slowing growth. GDP fell at a 0.9% annualized rate in the second quarter after a 1.6% decline in the first three months of the year, hitting … Read more

As stocks nosedive, don’t lose sight of the difference between price and value

As stocks nosedive, don’t lose sight of the difference between price and value

A cynic is one “who knows the price of everything and the value of nothing.” This comment, by a character in one of Oscar Wilde’s plays, does not refer to the stock market. But it serves as a good description of what happens at times like the present. When stock market prices are rising, many … Read more

How to identify stock market winners

How to identify stock market winners

Finding the right businesses to invest in can be a daunting task, but veteran investor Mohnish Pabrai tells CNBC how he identifies long-term winners in the stock market. Pabrai, managing partner of Pabrai Investment Funds, is widely known for closely following Warren Buffett’s principles on value investing and capital allocation. Value investing has come into … Read more

How 8 Crypto Naysayers Poked Holes in the Crypto Bubble

How 8 Crypto Naysayers Poked Holes in the Crypto Bubble

Photo: Steve Jennings (Getty Images) Moxie Marlinspikea self-described encrypt and the CEO and founder of messaging app Signal, is closer to the scene than most other crypto critics. In a January blog posthe said that he never had much inclination to dive deeper into so-called “decentralized finance.” When he finally did, his opinions were not … Read more

Warren Buffett-backed BYD shrugs off China’s lockdowns

Warren Buffett-backed BYD shrugs off China’s lockdowns

hong kong CNN Business — BYD, the Warren Buffett-backed Chinese electric vehicle maker, had a bumper month in the world’s largest car market, despite strict Covid lockdowns that have disrupted production and sales for many of its major rivals. The company reported Tuesday that its sales of electric vehicles and plug-in hybrids soared 313% in … Read more

Buffett Is Betting Big On Oil And Gas Stocks

Buffett Is Betting Big On Oil And Gas Stocks

For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy. In fact, big American banks have been Warren Buffett’s favorite investment because they are part of the infrastructure of … Read more

Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion … Read more

5 things to know before the stock market opens Friday, April 29

5 things to know before the stock market opens Friday, April 29

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Tech pressures Wall Street premarket; data shows inflation still high Traders on the floor of the NYSE, April 28, 2022. Source: NYSE 2. Amazon falls on ugly forecast and slowest growth since dot-com bust Andy Jassy, ​​CEO … Read more