WARREN BUFFETT

Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerate’s holdings as of the end of June.

Roughly 7,500 BNSF train engineers may get up to eight days of paid sick time and more predictable schedules if they approve a deal with the railroad announced Tuesday.

Billionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer.

A federal jury has ruled that a health clinic in a Montana town where hundreds of people died from asbestos exposure submitted 337 false asbestos claims making its patients eligible for benefits such as Medicare.

After 17 years of steady payments, Warren Buffett has to date given annual donations totaling $50.7 billion toward his historic multibillion-dollar pledges to the Bill & Melinda Gates Foundation and to four foundations connected to his family, according to a Chronicle tally.

Billionaire Warren Buffett's company increased its investments in five major Japanese trading houses for the second time this year to give Berkshire Hathaway control of 8.5% of each of those conglomerates.

A jury in Oregon has found electric utility PacifiCorp responsible for causing devastating fires during Labor Day 2020 in a civil lawsuit.

Investor Warren Buffett recommitted to Bank of America during the first quarter while dumping two other bank stocks as part of a number of moves in Berkshire Hathaway's portfolio.

Tens of thousands of engineers remain frustrated with the lack of paid sick time and the demands railroads like BNSF are making in negotiations despite the progress that has been made this year with sick time deals for most of the other rail unions.

Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio.

A longtime Berkshire Hathaway board member says investors shouldn't expect a change of leadership at the top of the conglomerate anytime soon.

Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate because Vice Chairman Greg Abel will do a great job and the conglomerate's basic model won't change.

Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both and all investors benefit from them as long as they are made at the right prices.

Billionaire Warren Buffett's company bought more Apple stock at the end of last year and slashed its recent investment in a computer chip maker and two long-time bank holdings.

As the ranks of America’s super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors — among them, a professional clarinetist, a Ph.D. in meat science, and a lawyer who regularly argues before the U.S. Supreme Court.

Warren Buffett's company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD's stock, but it remains a significant shareholder.

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.

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

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.

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

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.

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.

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

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.

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

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

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.

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.

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

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

In a story published August 15, 2022, about Berkshire Hathaway’s investment, The Associated Press erroneously reported that Berkshire had invested more in Amazon stock.

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.

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.

Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted.

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.

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.

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.

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.

Wall Street closed its first losing week in the last four with an up-and-down Friday, as investors brace for the Federal Reserve to tighten the brakes on the economy more aggressively to beat down inflation.

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.

Philanthropist MacKenzie Scott has funded organizations that received the most money for racial equity in 27 different states following the police killing of George Floyd.

Demand for electric vehicles has shifted investments into high gear to extract lithium from geothermal wastewater around California's dying Salton Sea.

Demand for electric vehicles has shifted investments into high gear to extract lithium from geothermal wastewater around California's dying Salton Sea.

Billionaire Warren Buffett’s company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its health care industry investments.

The Justice Department says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.

Federal regulators say Berkshire Hathaway’s $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this week should have never been attempted because a similar deal drew strong opposition in the past.

Bill Gates and Melinda French Gates will continue to work together as co-chairs of their foundation even after their planned divorce.

Investor Warren Buffett said the economic impact of the pandemic remains hard to predict but most big companies have fared OK throughout it as long as they weren't tied to travel.

Warren Buffett resigned Wednesday as trustee of the Bill and Melinda Gates Foundation, which says it will announce plans in July to answer questions raised about its leadership structure.

A proposal to bring down four hydroelectric dams near the California-Oregon border has cleared a major regulatory hurdle.

Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.

The richest 25 Americans pay less in tax — 15.8% of adjusted gross income — than many ordinary workers do, once you include taxes for Social Security and Medicare, the nonprofit investigative journalism organization ProPublica found.

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year.

Investor Warren Buffett’s company pared back its investments in financial firms further during the first quarter.

As much as billionaire couple Bill and Melinda Gates want to keep their pending divorce private, the split is already sending shockwaves through the worlds of philanthropy and public health.

Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report.

Billionaire Warren Buffett is warning people not to think investing is an easy way to make a fortune and gamble on the stock market.

A pushback against new voting bills and laws in numerous states is gaining momentum.

Billionaire philanthropists John and Laura Arnold have committed to donate 5% of their wealth annually as part of an effort to encourage increased, timelier donations to charities.

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. Investor Buffett's fortune surged above $100 billion Wednesday, March 10, 2021, when shares of his company hit a record high at over $400,000 apiece. – Investor Warren Buffett's fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Buffett's fortune, which is mostly tied to his ownership of 248,734 Class A shares, topped $101 billion at the stock's peak Wednesday. Amazon's Jeff Bezos is listed as the world's richest man with a $179.6 billion fortune.

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 is encouraging investors to maintain their faith in Americas economy and the businesses his Berkshire Hathaway conglomerate owns. – Billionaire Warren Buffett encouraged investors to maintain their faith in America's economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance businesses and stocks that belong to Berkshire Hathaway. Buffett said one of his biggest investments last year was the $25 billion repurchase of Berkshire's own shares.

After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday. After short-selling funds got badly burned by last month's sudden surge, many fewer GameStop shares are being sold short now. A day after testifying in a Congressional hearing about GameStop last week, he indicated he added another 50,000 shares after Feb. 3, doubling his GameStop stock position. On Wednesday, an hour or so before GameStop shares spiked, Cohen tweeted a photo of an ice cream cone from McDonald’s, along with an emoji of a frog. Even so, GameStop shares changed hands more times by midday Thursday than for Apple, a company with a market value nearly 180 times the size of GameStop.

Investor Warren Buffetts right-hand man, Munger, says the U.S. stock market is overvalued, but he doesnt know when the bubble will burst. Munger said Wednesday, Feb. 24, 2021, that the recent frenzy over GameStops stock was driven by small investors gambling on the stock market. – Investor Warren Buffett's right-hand man says the U.S. stock market is overvalued, but he doesn't know when the bubble will burst. Munger said the recent frenzy over GameStop's stock was driven by small investors gambling on the stock market. If you have unrealistic expectations, you’re going to be miserable all your life,” Munger said.

The Associated Press talked to a few parents and financial experts for their tips, and included in their advice was teaching kids early on about money, keeping the discussions simple but interesting and letting kids practice investing. KEEP IT SIMPLEParents should make sure kids understand money basics before they try to conquer investing. Kids need to understand what stocks are, why people invest and how the markets work before they can understand investing. AdThere are plenty of good resources — websites, apps, books — available to help guide the way in talking with kids about money and investing (or to help bolster parents' own knowledge). Parents can also help kids identify companies they are interested in and track them using fictitious money just for fun.

(AP Photo/John Minchillo)BANGKOK – Asian stock markets followed Wall Street lower on Friday after disappointing U.S. jobs and economic data. Overnight, Wall Street's benchmark S&P 500 index lost 0.4% for its third straight daily decline. AdThe Shanghai Composite Index lost 0.9% to 3,641.63 and the Nikkei 225 in Tokyo sank 1% to 29,947.42. On Wall Street, the S&P 500 fell to 3,913.97. Congress is conducting a hearing on the recent volatility of companies caught in a tug-of-war between Wall Street institutional investors betting against the companies and the online retail investors who pushed shares higher.

Buffetts company made major new investments in Verizon and Chevron and again trimmed its huge stake in Apple while making several other adjustments to its stock portfolio in 2020. – Warren Buffett's company made major new investments in Verizon and Chevron and again trimmed its huge stake in Apple while making several other adjustments to its stock portfolio last year. Berkshire Hathaway Inc. said in regulatory filings Tuesday that it bought $8.6 billion worth of Verizon stock and picked up $4.1 billion worth of Chevron shares over the last six months of 2020. AdIn addition to those large new investments, Berkshire also revealed a new stake in professional services firm Marsh & McLennan that's worth roughly $499 million. In addition to the three new investments, Berkshire also added to its relatively new holdings in drugmakers Bristol Myers Squibb, Abbvie and Merck.

(AP Photo/Alvaro Barrientos)LONDON – Anti-poverty organization Oxfam warned Monday that the fallout of the coronavirus pandemic will lead to the biggest increase in global inequality on record unless governments radically rejig their economies. By contrast, Oxfam said it could take more than a decade for the world’s poorest to recover their losses. Oxfam said the basis of the scenario plotted was in line with many other economic forecasts. Oxfam has traditionally sought to inspire debate at the World Economic Forum's annual gathering of business and political elites in the Swiss ski resort of Davos. Political leaders will be joined by business executives and campaigning organizations such as Oxfam during the discussions between Jan. 25-29.

A health care venture created in 2018 by the three corporate giants to attack soaring care costs will shutter only a couple years after launching. (AP Photos, File)INDIANAPOLIS – A health care venture conceived by Amazon, Berkshire Hathaway and JPMorgan to attack soaring costs is dissolving. Haven, which was formed in 2018 by the three U.S. corporate giants, will cease operations by the end of February, a company spokeswoman said Monday. Health care costs have grown faster than wages and inflation for years, stressing families and employers. It started new designs for health care benefits that eliminated patient out-of-pocket payments like deductibles and coinsurance and encouraged access to primary care.

The AP tallied more than $7 billion in purchases by states this spring for personal protective equipment, or PPE, and high-demand medical devices such as ventilators and infrared thermometers. Some governors described the early personal protective equipment marketplace as the Wild West, where supplies often went to the highest bidder, even if they had already been promised to someone else. This spring, states paid an average of $3 each, according to the AP's analysis. The largest supplier of personal protective equipment to states this spring had never sold a single mask before the pandemic. Others, however, were more than willing to describe how personal protective equipment sales provided a lifeline at the onset of the pandemic.

California spent the most during the pandemic's initial months — at least $1.5 billion in the AP's data — followed by Texas, Maryland, Massachusetts and Washington. Traditional safety equipment suppliers also saw a surge in PPE sales, offsetting their losses from other products amid the sudden recession. Many of the companies in the AP's data set are not publicly traded and thus can keep their financial figures private. Others, however, were more than willing to describe how PPE sales provided a lifeline at the onset of the pandemic. The AP's data for the spring includes just over $50 million in PPE sales to states by the Salem, New Hampshire, company.

Oregon, California and the nonprofit would jointly take over the hydroelectric license from PacifiCorp while the nonprofit will oversee the work. Buffett said the reworked deal solves a “very complex challenge.”“I recognize the importance of Klamath dam removal and river restoration for tribal people in the Klamath Basin," Buffett said in a statement. If we just give them a chance, they will,” said Chook-Chook Hillman, a Karuk tribal member fighting for dam removal. In the original deal, PacifiCorp was to transfer its license and contribute $200 million to bow out of the removal project and avoid further costs and liability. The Klamath River project would be the largest such project by far if it proceeds.

President Donald Trump speaks during an NBC News Town Hall with moderator Savannah Guthrie, at Perez Art Museum Miami, Thursday, Oct. 15, 2020, in Miami. His Democratic challenger, Joe Biden, participated in an ABC town hall from Philadelphia at the same time. __9:50 p.m.Democrat Joe Biden says President Donald Trump has not been “chastened” by the claims of racial injustice that have marked his presidency. ___9:20 p.m.President Donald Trump tried to end his contentious town hall meeting on a positive note. ___9:15 p.m.President Donald Trump demurred when asked whether he supports overturning Roe v. Wade.

Or, because fewer Black families have wealth that has carried through generations, they may be more wary of risky investments. And Black households are much more likely to be in that not-as-fortunate group that isn't in the stock market. Only 33.5% of Black households owned stocks in 2019, according to data released recently by the Federal Reserve. But researchers say that even wealthier Black households are much less likely to own stocks than their white counterparts. The figure is just 44% for Black families and 28% for Hispanic families.

There are several policy provisions tied up in Biden’s promise, but income tax rates often get the most attention. That's lower than the marginal income tax rates for many in the investor class. Gains on short-term holdings of less than a year are subject to personal income tax rates. It’s essentially a corporate version of the alternative minimum tax that some wealthier individuals use to figure their personal income tax. Biden proposes eliminating that inheritor benefit and instead applying capital gains taxes based on the original value of an asset.