WARREN BUFFETT

Singer and TV star claims inheriting money encourages "laziness and entitlement," saying she plans to spend her cash.

— (AP) — Warren Buffett's company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares, leaving it with 13.97% of the Hong Kong-issued shares of BYD. Buffett hasn't explained why he's selling the shares that he bought back in 2008, and he didn't immediately respond to questions about it Monday. Berkshire has cut its stake from 225 million shares in August to 153.3 million shares as of this latest filing. The stake Berkshire paid $232 million for in 2008 had ballooned in value to nearly $7.7 billion by the end of 2021.

Warren Buffett's company continues selling off its BYD shares despite the positive comments he made in the past about the Chinese electric car maker, but Berkshire Hathaway remains a major shareholder.

The Yangwang U8 luxury electric SUV from Chinese automaker BYD has four electric motors that can be used to allow it to drive sideways in a demonstration.

Bill Gates topped The Chronicle of Philanthropy’s annual list of the 10 largest charitable gifts announced by individuals or their foundations in 2022.

The billionaire investor broke with his practice of staying out of local politics to urge his hometown to abandon the project because, he says, it's too expensive and not as flexible as buses.

— (AP) — Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses. Buffett wrote a letter to the editor of the Omaha World-Herald and met with the mayor this week to lobby against the $306 million project and urge the city to let residents vote on it. But city officials are moving forward with the streetcar because they believe it will spur development, including Mutual of Omaha’s planned $600 million headquarters tower downtown. The city is banking on new tax revenue from other development expected along the streetcar line to pay for the project. Omaha Mayor Jean Stothert told the Omaha World-Herald that she met with Buffett Wednesday to discuss the streetcar and development in the city.

Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses.

Billionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses. Buffett wrote a letter to the editor of the Omaha World-Herald and met with the mayor this week to lobby against the $306 million project and urge the city to let residents vote on it. Buffett said in his letter that he decided to make an exception to his policy of staying out of local issues even though “it can be off-putting to many to have a wealthy 92-year-old tell them what is good for their future.”

Consider adding these inspiring titles, recommended by leaders like Warren Buffett, Bill Gates, Adam Grant, and Brené Brown, to your winter reading list.

The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations.

One would have to go back hundreds of years to find a monarch who reigned longer than Queen Elizabeth II.

A filing with the Securities and Exchange Commission showed Buffett gave 1.5 million Class B shares in the Omaha, Nebraska-based conglomerate he leads to the Susan Thompson Buffett Foundation, named for his first wife. He also gave 300,000 Class B shares apiece to the three foundations run by his children: the Sherwood Foundation, the Howard G. Buffett Foundation and the NoVo Foundation. In June, he gave 11 million Class B shares to the Gates Foundation, 1.1 million B shares to the Susan Thompson Buffett Foundation and 770,218 shares apiece to his children's three foundations. The Gates Foundation and the Buffett family foundations that received the gifts also didn't immediately respond to questions. Even after these latest gifts, Buffett still controls more than 31% of Berkshire’s voting power.

Billionaire investor Warren Buffett donated more than $750 million in Berkshire Hathaway stock to the four foundations run by his family Wednesday.

U.S. regulators approved a plan to demolish four dams on a California river and open up hundreds of miles of salmon habitat that would be the largest dam removal and river restoration project in the world when it goes forward.

Berkshire also picked up nearly 4 million more Chevron shares worth more than $700 million to give it 165.4 million shares and continue betting on oil producers. The 52.5 million shares Berkshire now holds were worth roughly $2.4 billion Monday. It also reduced its investment in the Bank of New York Mellon by 10 million shares during the quarter. The Omaha, Nebraska-based conglomerate's stake of more than 1 billion shares of Bank of America is one of its biggest investments. Berkshire officials don't routinely comment on these stock filings, and they haven't said why they are selling BYD and U.S. Bancorp stocks.

These are the stocks posting the largest moves in midday trading.

Warren Buffett's company slashed its stake in U.S. Bank's parent company in the third quarter and also sold shares in Chinese electric car maker BYD.

Warren Buffett's company revealed that it had cut its holdings in U.S. Bank's parent company and in Chinese electric car maker BYD ahead of offering a full update on its stock portfolio Monday. Berkshire Hathaway said in filings with the SEC and Hong Kong stock exchanges that it had sold off a significant amount of U.S. Bancorp and BYD stock in recent weeks. Many investors follow Berkshire's moves closely because of Buffett's remarkably successful track record over the decades.

Amazon founder Jeff Bezos said in an interview with CNN that he will give away the majority of his wealth during his lifetime.

The slump in virtual currencies will deter potential saviors of the collapsed exchange.

"Wealthy people don't have a 'lottery mindset,'" says CEO and podcaster Trey Lockerbie, who has interviewed more than 100 millionaires. Here's what he learned about how the world's richest people achieve financial success.

Berkshire Hathaway posted a solid gain in operating profits during the third quarter despite rising recession fears.

— (AP) — Warren Buffett's company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March will further expand Berkshire's sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany. Much like it has done with other acquisitions, Berkshire will allow New York-based Alleghany to largely continue to run itself. Edward Jones analyst Jim Shanahan said Alleghany’s CEO Joe Brandon, who previously ran a different Berkshire insurance company, could one day be a candidate to replace Vice Chairman Ajit Jain and oversee all of Berkshire’s insurance companies. Berkshire's last major acquisition came in 2016 when it paid $32.36 billion to buy aviation parts maker Precision Castparts.

Warren Buffett's conglomerate has completed its largest acquisition in years with its $11.6 billion purchase of the Alleghany insurance conglomerate.

The Bill & Melinda Gates Foundation donated $10 million to the organization that grew out of the hashtag #GivingTuesday in part to fund a database of charitable giving and other acts of generosity.

BYD, which is backed by Warren Buffett, said sales volumes of its new energy vehicles, which include electric cars, "continued to reach record highs."

— (AP) — Billionaire Warren Buffett's successor bought nearly $70 million worth of stock in the conglomerate he is slated to one day lead. Berkshire Hathaway Vice Chairman Greg Abel on Monday disclosed buying 168 Class A shares in the company in a filing with the Securities and Exchange Commission. The purchases made last Thursday at prices between $405,800 and $408,514.01 per share will give Abel a small stake of 173 Class A shares in the Omaha, Nebraska-based company's future. His holdings pale in comparison to Buffett's Berkshire investment. So even after these recent purchases of Berkshire stock, he has a significantly smaller investment in Berkshire that he used to.

Billionaire Warren Buffett’s successor bought nearly $70 million worth of stock in the conglomerate he is slated to one day lead.

No one can pinpoint the exact date when it became clear that investing in index funds had won out over investing in active management, but Warren Buffett declaring it to be so is certainly a pivotal moment.

In 2021, Gautam Adani was not on the top 10 list of the world's richest people. But in 2022, the Indian billionaire settled in behind Jeff Bezos and Bernard Arnault as No. 4.

After a lost decade, the Swiss bank’s road to revival is littered with potholes

The 15% minimum tax would impact around 78 companies, according to 2021 financial data, with Berkshire and Amazon paying the most.

A Maryland company says it will build a natural gas power plant designed to capture climate-changing carbon in northern West Virginia.

Billionaire Warren Buffett's autographed portrait from art tech company Motiva was auctioned off on eBay this week, with proceeds going to nonprofit Girls Inc.

Shares of Chinese EV maker BYD tumble after Warren Buffett says he's trimming his stake – fund manager says there's more to come

— (AP) — Warren Buffett's has company trimmed its stake in Chinese electric car and battery maker BYD for the first time since it bought the shares in 2008, an investment that has soared in value. Berkshire Hathaway said in a regulatory filing Tuesday with the Hong Kong stock exchange that it had sold 1.33 million of its BYD shares for roughly $47 million ($368.8 million Hong Kong dollars). Berkshire paid $232 million for the 225 million BYD shares it bought in 2008. Berkshire said it owned about 7.7% of BYD before the latest stock sales, and that figure won't change much after the sales. Hdidn’t immediately respond Tuesday to questions about the BYD stock sale.

Warren Buffett's company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value.

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

The EV giant is struggling to bring down the manufacturing costs of its powerpacks.

— (AP) — Billionaire Warren Buffett is auctioning off a high-tech signed portrait of himself to raise money for one of his favorite charities, and the bidding has already topped $30,000. The portrait of Buffett created by Motiva Art features a grid of letters over the picture that light up to spell out several of the legendary investor's famous quotes. The proceeds from the art auction will go to Girls Inc. of Omaha, which provides educational, cultural and recreational programs for young women in Buffett's hometown. Buffett once sold off an old wallet of his that contained a stock tip, raising $210,000 for the organization. That netted more than $2 million that Girls Inc. used to support a new residential program for young women leaving foster care.

Billionaire Warren Buffett is auctioning off a high-tech signed portrait of himself to raise money for one of his favorite charities, and the bidding has already topped $30,000.

— (AP) — Warren Buffett's company has received clearance to boost its 20% stake in Occidental Petroleum to as much as 50%, but it's not immediately clear how many more shares Berkshire Hathaway plans to buy or whether it will consider buying the entire company. But Buffett told shareholders at the company's annual meeting in April that he started buying Occidental shares in late February because what the CEO was telling investors then “made nothing but sense” to him. Edward Jones analyst Jim Shanahan said he thinks it’s likely that Berkshire will keep buying Occidental shares when the price drops below $60 again. But he doesn’t think it’s likely that Berkshire will try to acquire the whole company unless Occidental shares fall significantly. In addition to Berkshire's massive stake in Occidental's common shares, it also holds $10 billion worth of preferred stock and warrants to buy another 83.9 million Occidental shares at $59.62 apiece.

Warren Buffett’s company now has clearance to boost its current 20% stake in Occidental Petroleum up to 50% of the oil producer.

The Berkshire Hathaway CEO has multiple ways to benefit from his stake in the oil company.

Warren Buffett's Berkshire Hathaway received permission to purchase up to 50% of oil giant Occidental Petroleum.

As the Bill & Melinda Gates Foundation works to expand its governance, it announced Thursday that it has added two trustees to its board.

Lauren Simmons gives her advice on how to get started with investing in the stock market if you're scared. She also shares insight on the best time to invest.

He showed up with $10 billion at a critical moment, and now clearly expects oil and gas prices to remain healthy enough to support his investment.

Berkshire Hathaway Investments FILE - Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., on May 5, 2019. Warren Buffett's company bet more on high-tech darlings Apple and Amazon during the second quarter of 2022 while also investing billions in old school oil producers Occidental Petroleum and Chevron. — (AP) — Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire's biggest single investment got a bit bigger during the quarter because it bought nearly 4 million more Apple shares, giving it 894.8 million shares of the iPhone maker. The famously tech-averse investor's conglomerate also picked up more than 10 million Amazon shares, giving it nearly 10.7 million shares.

Warren Buffett’s company bet more on high-tech darling Apple during the second quarter.

Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon 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 track record over the decades.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off with capital of just 5,000 rupees ($63).

India Obit Investor A man takes picture of a poster paying homage to veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala displayed outside his residence, in Mumbai, India, Sunday, Aug.14, 2022. Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. (AP Photo/Rafiq Maqbool) (Rafiq Maqbool)NEW DELHI — (AP) — Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported. Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off with capital of just 5,000 rupees ($63). Also called the “Big Bull” of the country's Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported.

Berkshire Hathaway Investments FILE - In this May 5, 2019, file photo, Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's Berkshire Hathaway now controls nearly 20% of Occidental Petroleum's stock after picking up another $250 million worth of shares of the oil producer this week. — (AP) — 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% of the oil producer. Occidental's stock rose more than 3.5% on Tuesday to $62.18 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth more than $400 million. Edward Jones analyst Jim Shanahan estimates that Berkshire's oil sector holdings are worth $46.6 billion today even without the value of those warrants.

Warren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer.

— (AP) — Warren Buffett's company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but Berkshire Hathaway's many operating companies generally performed well. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments forced it to report a loss of nearly $44 billion, or $29,754 per Class A share. Buffett has long said he believes Berkshire’s operating earnings are a better measure of the company’s performance because they exclude investment gains and losses, which can vary widely quarter to quarter. The four analysts surveyed by FactSet expected Berkshire to report operating earnings per Class A share of $4,741.64. Besides investments, Berkshire owns more than 90 companies outright.

Warren Buffett's company has reported a $43.76 billion loss in the second quarter as the paper value of Berkshire Hathaway’s investments plummeted and he bought significantly fewer stocks.

Berkshire Hathaway's operating profits jumped in the second quarter despite fears of slowing growth.

Inflation Reduction Act would narrow the "carried-interest" loophole, but experts say wealthy fund managers may find a way around it.

Country superstar Dolly Parton is among the 2022 Carnegie Medal of Philanthropy recipients.

The head of the nation’s financial watchdog is having second thoughts about using fines to deter illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference.

Trident Mortgage illegally blocked people of color from access to home loans, Justice Department alleges.

Warren Buffett Redlining FILE - A "for sale" sign stands in front of a house in Pennsylvania, near Philadelphia, on June 8, 2018. A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, July 27, 2022, in what they are calling the second-largest redlining settlement in history. As part of the agreement with the DOJ and the CFPB, Trident will have to set aside $20 million to make loans in underserved neighborhoods. Philadelphia has a long history of racism toward Black homebuyers that even to this day is not resolved. Since Trident no longer operates, a separate company will be contracted to provide the $20 million in loan subsidies, the DOJ said.

NEW YORK — (AP) — A Pennsylvania mortgage company owned by billionaire businessman Warren Buffett discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware, the Department of Justice said Wednesday, in what they are calling the second-largest redlining settlement in history. Trident Mortgage Co., a division of Berkshire Hathaway, deliberately avoided writing mortgages in minority-majority neighborhoods in West Philadelphia; Camden, New Jersey; and in Wilmington, Delaware; the DOJ and the Consumer Financial Protection Bureau said in their settlement with Trident. As part of the agreement with the DOJ and the CFPB, Trident will have to set aside $20 million to make loans in underserved neighborhoods. Trident's parent company, HomeServices of America, didn't immediately reply to a request for comment. This material may not be published, broadcast, rewritten or redistributed without permission.

The Justice Department says a Pennsylvania mortgage company owned by billionaire businessman Warren Buffett's company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware.

Introverts are often stereotyped as shy, quiet and reserved — and overlooked for leadership roles as a result. Best-selling author Susan Cain says that's a mistake.

The billionaire investors have shown a knack for getting in at the right moment. If confirmed, this move may show they’re also experts at bowing out.

Philanthropy-Gates-Gift FILE - Bill Gates, Co-Chair, Bill & Melinda Gates Foundation, speaks at a news conference during the World Economic Forum in Davos, Switzerland, May 25, 2022. Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday, July 13, 2022 that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett’s $3.1 billion gift last month, brings The Bill and Melinda Gates Foundation’s endowment to approximately $70 billion, making it one of the largest in the world. (AP Photo/Markus Schreiber, file) (Markus Schreiber)Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. In his essay, Bill Gates wrote that polarization in the United States makes battling global crises tougher.

Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending.

Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending. The donation, combined with longtime board member Berkshire Hathaway CEO Warren Buffett's $3.1 billion gift last month, brings The Bill and Melinda Gates Foundation's endowment to approximately $70 billion, making it one of the largest, if not the largest in the world, depending on daily stock valuations. In an essay on the foundation's website, Bill Gates said he hopes “others in positions of great wealth and privilege will step up in this moment too.”

The billionaire-run platform’s support for distressed peers looks more like a sticking plaster than a credible backstop.

An anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffet at a steakhouse in New York City.

Warren Buffett’s company has revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.

California is the first U.S. state to formally begin examining how to broadly adapt to cryptocurrency and related technologies, following a path laid out by President Joe Biden in March.

Warren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone.

Tens of thousands of people are expected to pack an Omaha arena Saturday for Warren Buffett’s Berkshire Hathaway’s annual meeting.

The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time.

Journalist Charlie Rose has reemerged by posting an interview with investor Warren Buffett on his website — Rose's first public work since his career imploded in November 2017 after sexual misconduct charges.

Newspaper publisher Lee Enterprises is facing renewed pressure from a hedge fund to speed up its transition to digital publishing and consider adding new digital-savvy leaders to its board.

Stocks ended mostly lower after another day of drifting around Friday, leaving the market with its first losing week in the last four.

Shares of HP gained nearly 15% after Warren Buffett's company snapped up 11.5% of the company that makes printers and computers over the past week in another uncharacteristic investment for the billionaire in a tech company.

The “Billionaire Minimum Income Tax” included in President Joe Biden's proposed budget is part of the administration’s effort to reduce the federal deficit.

Warren Buffett’s Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately $11.6 billion.

Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion.

President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market as he touted domestic efforts to mine and process lithium and rare metals.

Funds that raise money to aid women get abortions say they would need more donations this year if the U.S. Supreme Court makes seismic changes to the nationwide right to abortion.

Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way.

The Bill and Melinda Gates Foundation announced Wednesday it will add four new members to its board of trustees.

The Giving Pledge announced Tuesday that 14 more billionaires, including the CEOs of DoorDash and Pinterest, had promised in 2021 to donate more than half their fortunes, bringing the total to 231 philanthropists from 28 countries.

Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs.

Bill Gates and Melinda French Gates say they will still work with the Giving Pledge.

Former President Barack Obama’s foundation says it has received a $100 million donation from Amazon founder Jeff Bezos that it says is the largest individual contribution it has received to date.

Investor Warren Buffett’s company made two new investments during the third quarter while trimming its holdings in several drugmakers and financial firms.

Warren Buffett’s company reported a third-quarter profit that was roughly one-third the amount of last year’s profit because of much smaller paper gains on the value of its investments, but most of its businesses were continuing to recover from the effects of the pandemic.

Elon Musk isn’t happy.

To help pay for his big economic and social agenda, President Joe Biden is looking to go where the big money is and that's billionaires.

Nebraska billionaire Walter Scott has died at the age of 90.