Buffett’s Berkshire chases Musk’s Tesla on market cap

Buffett’s Berkshire chases Musk’s Tesla on market cap

Watch out Elon, Warren is catching up. With the drop in shares of Tesla this year the market value of Berkshire Hathaway is hot on the heels of the electric imager. Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive qualities in a bear market, with its Class A shares up 0.3% this … Read more

Buffett-backed digital bank Nubank is launching its own cryptocurrency

Buffett-backed digital bank Nubank is launching its own cryptocurrency

Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a major financial institution. Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023. In a press release, … Read more

BYD shares jump after the Chinese electric car maker forecasts rising profits

BYD shares jump after the Chinese electric car maker forecasts rising profits

Warren Buffett-backed BYD said it expects a more than 300% jump in third-quarter profit. Despite headwinds, including a resurgence of Covid in China, rising material costs and a slowing economy, BYD has remained fairly resilient. Nathan Laine | Bloomberg | Getty Images Shares in Chinese electric car maker place bid rose Tuesday after the company … Read more

Berkshire’s market cap approaches Tesla’s post-growth shares fall

Berkshire’s market cap approaches Tesla’s post-growth shares fall

Watch out Elon, Warren is winning on you. With the sharp drop in shares of Tesla (Ticker TSLA) this year, the market capitalization of Berkshire Hathaway (ticker BRK/A, BRK/B) is approaching leadership in electric vehicles.

Berkshire, Nike blandt de bedste aktier at eje: Morningstar

Berkshire, Nike blandt de bedste aktier at eje: Morningstar

Med S&P 500 faldende 25% år til dato, er du måske på udkig efter købsmuligheder på aktiemarkedet. Morningstar kom med en liste over de “bedste virksomheder at eje.” Selskaberne er dem, som Morningstar-analytikere tildeler en bred voldgrav. Det betyder, at analytikerne mener, at de har konkurrencemæssige fordele, der vil hjælpe dem med at producere afkast, … Read more

Think stocks whose profits grow even as prices rise, says Bank of America

Think stocks whose profits grow even as prices rise, says Bank of America

Just as consumers with savings can benefit from rising interest rates, some businesses will also benefit from the Federal Reserve’s push to stamp out inflation, which has resulted in higher Treasury yields. These companies are the ones that temporarily hold a lot of cash on behalf of clients, receive premium income from, say, insurance policies, … Read more

Warren Buffett’s successor Greg Abel is significantly increasing Berkshire Hathaway’s stake

Warren Buffett’s successor Greg Abel is significantly increasing Berkshire Hathaway’s stake

Greg Abel, Warren Buffett’s designated successor, has just significantly increased his stake in Berkshire Hathaway. Abel, vice chairman of Berkshire’s non-insurance business, on Thursday established a $68 million position in Berkshire Class A shares at between $405,000 and $408,000 per share. share, a statutory filing showed. The price range represents a 25% discount from Berkshire’s … Read more

Buffett’s likely successor buys $68 million of Berkshire stock

Buffett’s likely successor buys $68 million of Berkshire stock

Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s stock last Thursday in what appears to be his first purchase of Berkshire stock since taking the post in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed that … Read more

Billionaire Warren Buffett swears by this low-cost investment strategy that anyone can try

Billionaire Warren Buffett swears by this low-cost investment strategy that anyone can try

In the last 20 years, investing in low-cost index funds like the S&P 500 has come to dominate much of the investment landscape. The reason? It is cheaper than investing in most mutual funds, there is far less trading (which increases costs) and the primary structure used to invest in index funds – Exchange Traded … Read more

How Goldman Sachs Found a Friend in America’s Small Businesses

How Goldman Sachs Found a Friend in America’s Small Businesses

Thousands of entrepreneurs packed into a conference center ballroom just outside Washington this summer to hear from the likes of Warren Buffett and Gwyneth Paltrow. Sens. Kyrsten Sinema (D., Ariz.) and Tim Scott (R., SC) participated in panel discussions. John Rogers, a senior executive at Goldman, addressed the audience. “When I look out into this … Read more