Warren Buffet news

• Warren Buffett’s Berkshire Hathaway hits $1tn valuation on Wall Street

  28-08-2024 17:15
  Vast conglomerate becomes the first non-tech company to hit the major stock market milestoneThe market value of Berkshire Hathaway surpassed $1tn on Wednesday, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the American economy.Berkshire joined six other companies, mainly from the technology sector, above $1trn: Apple, Nvidia , Microsoft, Google parent Alphabet, Amazon.com and Facebook parent Meta Platforms
  
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• Berkshire Hathaway sells off large share of Apple and increases cash holdings

  03-08-2024 17:17
  Warren Buffett’s firm increased its cash reserves to $227bn, sparking concerns about company’s view of US economyWarren Buffett appears to have soured on stocks, letting cash soar at his Berkshire Hathaway firm to nearly $277bn and selling a large chunk of its stake in Apple, even as the conglomerate posted a record quarterly operating profit.Berkshire sold about 390m Apple shares in the second quarter, on top of 115m shares from January to March, as Apple’s stock price rose 23
  
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• They wait in the rain to see Warren Buffett. Will they still flock to Omaha when he’s gone?

  05-05-2024 08:00
  
  Berkshire Hathaway’s billionaire CEO, 93, steels shareholders for new era at the annual meeting known as ‘Woodstock for Capitalists’As dawn broke on Saturday, thousands had gathered outside Omaha’s CHI Health Center Arena. Some arrived before 3.30am, standing for hours in the drizzle.This is a “once-in-a-lifetime opportunity”, said Larry Blivas, 70, near the front of the line. The realtor traveled from Los Angeles to see “an icon”, he explained. Co
  
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• Warren Buffett backs Apple after firm sells millions of shares in iPhone maker

  04-05-2024 18:47
  
  Berkshire Hathaway CEO stressed relationship at annual meeting attracting Apple CEO Tim Cook, Bill Gates and Bill MurrayThe billionaire investment tycoon Warren Buffett has stressed his empire will remain a key investor in Apple after it sold billions of dollars’ worth of shares in the iPhone maker.Thousands of shareholders in Berkshire Hathaway, Buffett’s sprawling conglomerate, have flocked to Omaha, Nebraska, for the firm’s annual meeting – dubbed Woodstock for Capital
  
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• Warren Buffett still key Apple investor after selling shares due to iPhone slump

  04-05-2024 18:23
  
  Berkshire Hathaway CEO stressed relationship at annual meeting attracting Apple CEO Tim Cook, Bill Gates and Bill MurrayThe billionaire investment tycoon Warren Buffett has stressed his empire will remain a key investor in Apple after it sold billions of dollars’ worth of shares in the iPhone maker.Thousands of shareholders in Berkshire Hathaway, Buffett’s sprawling conglomerate, have flocked to Omaha, Nebraska, for the firm’s annual meeting – dubbed Woodstock for Capital
  
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• Warren Buffett still key Apple investor after selling shares after iPhone slump

  04-05-2024 18:23
  
  Berkshire Hathaway CEO stressed relationship at annual meeting attracting Apple CEO Tim Cook, Bill Gates and Bill MurrayThe billionaire investment tycoon Warren Buffett has stressed his empire will remain a key investor in Apple after it sold billions of dollars’ worth of shares in the iPhone maker.Thousands of shareholders in Berkshire Hathaway, Buffett’s sprawling conglomerate, have flocked to Omaha, Nebraska, for the firm’s annual meeting – dubbed Woodstock for Capital
  
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• Warren Buffett’s Squishmallows firm sues Build-A-Bear amid ‘knock-off’ claims

  13-02-2024 14:45
  
  Jazwares claims that rival has created its own pillow-like toys to cash in on its viral successThe company behind Squishmallows, the squidgy pillows-with-a-face that count Lady Gaga and Kim Kardashian among their fans, has filed a lawsuit against Build-A-Bear over claims it has produced a “knock-off” to cash in on its success.Jazwares, which Warren Buffett’s Berkshire Hathaway acquired two years ago as Squishmallows became a global TikTok sensation, said that Build-A-Bear Works
  
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• China’s BYD overtakes Tesla as top-selling electric car seller

  02-01-2024 17:17
  Build Your Dreams outsells rival in final quarter of 2023 figures for battery-only vehiclesElon Musk’s Tesla has been overtaken by its Chinese rival, BYD, as the world’s top selling electric carmaker.BYD, which has been backed by the US investment billionaire Warren Buffett since 2008, has beaten Tesla’s production for a second consecutive year. Continue reading...
  
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• Charlie Munger: the aphorism-loving, bitcoin-hating sage behind Warren Buffett

  29-11-2023 18:58
  Munger, who has died at 99, won fans for a quick wit that cut much of the business world down to size“If people weren’t so often wrong, we wouldn’t be so rich,” Charlie Munger, the right-hand man of the billionaire stock picker Warren Buffett, once said of rival investors.It was that humour, paired with decades of investment successes, that endeared Munger to a global business community now in mourning after news of his death at the age of 99 on Tuesday night. Continue re
  
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• Charlie Munger, right-hand man of Warren Buffett, dies aged 99

  28-11-2023 23:05
  Vice-chairman of Berkshire Hathaway – and a billionaire in his own right – died at a California hospital, company saysCharlie Munger, the veteran right-hand man of billionaire stockpicker Warren Buffett, has died aged 99.The vice-chairman of Berkshire Hathaway, Buffett’s sprawling empire, became known for his sharp investment strategies – and tongue – as they transformed it from a textile manufacturing enterprise into a global investment powerhouse. Continue reading
  
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• US home sellers win $1.78bn over inflated buyers’ commissions

  01-11-2023 01:12
  
  Federal jury rules against National Association of Realtors and some units of Warren Buffett’s Berkshire HathawayA US jury on Tuesday found the National Association of Realtors (NAR) and some residential brokerages, including units of Warren Buffett’s Berkshire Hathaway, liable to pay $1.78bn in damages for conspiring to artificially inflate commissions for home sales.The verdict by a federal jury in Kansas City, Missouri, could upend decades-old practices that have allowed real esta
  
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• US banking crisis: Warren Buffett says bosses should face ‘punishment’

  07-05-2023 17:23
  
  Billionaire investor believes ‘CEO and directors should suffer’ when banks they run get into troubleLarry Elliott: can Biden escape fallout from US banking crisis?The billionaire investor Warren Buffett has said executives who led the US banking system into crisis should face “punishment”, as the American economy grapples with the worst series of bank failures since the 2008 financial crash.The owner of the investment firm Berkshire Hathaway said US bank directors “
  
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• Some of the 1% are more generous than others | Letter

  08-02-2023 19:18
  
  In response to Tim Worstall of the Adam Smith Institute, Douglas Graham says being wealthy doesn’t preclude someone from working for a fairer worldRe the claim by Tim Worstall of the Adam Smith Institute (Letters, 31 January) that 25% of Guardian readers may be among the wealthiest 1% of the world’s population (and the implication that therefore their response to articles like Nesrine Malik’s is mere attitudinising), the model of human nature favoured by the Adam Smith Institut
  
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• ‘Joe Biden blew it’: rail unions decry plan to impose deal through Congress

  30-11-2022 18:49
  Workers could be prevented by congressional decree from striking over paid sick leave and quality-of-life issuesRailroad workers have expressed dismay at Joe Biden’s proposed solution to a looming strike that threatens to derail the US economy, which they say belies his image as the most pro-union president in generations.As a 9 December deadline looms for the long-running labor dispute between the US’s largest railway companies and their unions, Biden has called on Congress to inter
  
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• US rail unions decry Biden’s proposal to impose settlement through Congress

  30-11-2022 09:00
  Workers could be prevented by congressional decree from striking over paid sick leave and quality-of-life issuesRailroad workers have expressed dismay at Joe Biden’s proposed solution to a looming strike that threatens to derail the US economy, which they say belies his image as the most pro-union president in generations.As a 9 December deadline looms for the long-running labor dispute between the US’s largest railway companies and their unions, Biden has called on Congress to inter
  
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• Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries

  13-10-2022 01:01
  Exclusive: Donation is believed to be the largest single donation towards helping solve the problem of uncorrected blurry visionMacKenzie Scott, the billionaire philanthropist and former wife of the Amazon founder Jeff Bezos, has donated $15m (£13.5m) to a social enterprise that helps provide glasses to farmers in developing countries.Scott’s donation to VisionSpring is believed to be the largest single private donation towards helping solve the problem of uncorrected blurry vision w
  
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• US railroad workers prepare for strike as rail companies see record profits

  14-09-2022 08:00
  As Biden’s recommendations fall flat, negotiations between management and unions are at an impasse – and workers are prepared to walkUS freight railroad workers are close to striking over claims that grueling schedules and poor working conditions have been driving employees out of the industry over the past several years.Heated negotiations over a new union contract between railroad corporations and 150,000-member-strong labor unions have been ongoing for nearly three years. A &ldquo
  
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• Buffett-owned lender discriminated against Black homebuyers, DoJ finds

  27-07-2022 20:41
  
  Trident Mortgage Company, owned by Berkshire Hathaway, agrees to second-largest settlement over ‘redlining’A mortgage lender owned by the billionaire Warren Buffett’s holding company, Berkshire Hathaway, engaged in lending discrimination against homebuyers of color, or redlining, in communities around Philadelphia, the US Department of Justice announced on Wednesday.An agreement with Trident Mortgage Company resulted in the second-largest settlement over redlining in DoJ histor
  
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• Berkshire Hathaway shareholders vote to keep Warren Buffett as chair

  01-05-2022 00:43
  
  Shareholders reject proposals for independent chair and greater disclosure of company’s climate-related risksBerkshire Hathaway Inc shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity.Shareholders supported letting Buffett keep both the chairman and chief executive roles by a nearly 6-to-1 margin, Berkshire said at its annual meeting in Omah
  
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• Paypal founder launches tirade against ‘gerontocracy’ over bitcoin

  08-04-2022 16:09
  
  Peter Thiel, the libertarian tech investor, says figures such as Warren Buffett are hindering cryptocurrencyPeter Thiel, the co-founder of PayPal and a Donald Trump ally, has accused a “finance gerontocracy” including Warren Buffett and Jamie Dimon of hindering bitcoin’s progress.The outspoken libertarian tech investor described multibillionaire Buffett, the world’s richest investor, as the “sociopathic grandpa from Omaha” in a keynote address at the Bitcoin 2
  
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• ‘White knuckle’ week for tech titans as shares and fortunes fall

  28-01-2022 19:52
  
  Nine of world’s 10 richest billionaires see wealth dented as rising interest rates spur sell-off of ‘stay at home’ stocksThe world’s richest billionaires have lost more than $50bn (£37bn) this week as their fortunes – mostly held in technology companies – dropped in a “white knuckle” rout on tech shares.Elon Musk, the wealthiest person on the planet, saw his fortune fall by $25.8bn in a single day on Thursday, according to the latest data ava
  
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• Wealthiest Americans’ tax avoidance – the shock report’s most striking details

  10-06-2021 12:00
  
  A new investigation by ProPublica shows in some years men such as Jeff Bezos and Elon Musk paid no federal income taxThat wealth largely remains in the hands of the already wealthy is nothing new. Income inequality in the US has only increased since the 1980s, far exceeding that of the UK and other G7 nations; upper-income families have increased their share of the country’s aggregate income in that same timeframe while middle-income households have lost theirs in proportion; and three of
  
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• Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

  08-06-2021 20:52
  
  ProPublica investigation shows how little US super-rich including Jeff Bezos and Elon Musk reportedly paid between 2014 and 2018The 25 richest Americans including Jeff Bezos, Warren Buffett and Elon Musk paid a “true tax rate” of just 3.4% between 2014 and 2018, according to an investigation by ProPublica, despite their collective net worth rising by more than $400bn in the same period. Related: Global economy set for fastest recovery for more than 80 yearsContinue reading...
  
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• Bill Gates and Warren Buffett to build new kind of nuclear reactor in Wyoming

  03-06-2021 04:20
  
  The project in Wyoming – the country’s top coal-producing state – is a small advanced reactor that runs on different fuels to traditional onesPower companies run by billionaire friends Bill Gates and Warren Buffett have chosen Wyoming to launch the first Natrium nuclear reactor project on the site of a retiring coal plant.TerraPower, founded by Gates about 15 years ago, and power company PacifiCorp, owned by Warren Buffett’s Berkshire Hathaway, said on Wednesday that the
  
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• Fund management ‘irretrievably broken’, says star investor

  13-05-2021 18:27
  
  James Anderson of Baillie Gifford criticises ‘near pornographic allure’ of earnings reports and headlinesThe star technology investor James Anderson has taken a parting shot at fellow fund managers addicted to the “near pornographic allure” of earnings reports and macroeconomic headlines, as he claimed the industry was “irretrievably broken”.The outgoing co-manager of the FTSE 100-listed Scottish Mortgage Investment Trust said his own “greatest failing h
  
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• Fund management ‘irretrievably broken’, says James Anderson

  13-05-2021 18:27
  
  Baillie Gifford’s outgoing star investor criticises ‘near pornographic allure’ of earnings reports and headlinesThe star technology investor James Anderson has taken a parting shot at fellow fund managers addicted to the “near pornographic allure” of earnings reports and macroeconomic headlines, as he claimed the industry was “irretrievably broken”.The outgoing co-manager of the FTSE 100-listed Scottish Mortgage Investment Trust said his own “great
  
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• Warren Buffett names Greg Abel as next CEO of Berkshire Hathway

  03-05-2021 20:01
  
  Billionaire, 90, lets slip plan for vice-chairman to take over at $644bn investment groupBillionaire investor Warren Buffett has confirmed that the vice-chairman of his Berkshire Hathaway investment conglomerate, Greg Abel, will succeed him as chief executive.The 90-year-old’s succession plan was teased out of him – apparently by accident – by his longtime business partner, 97-year-old Charlie Munger, at the company’s annual meeting over the weekend. Buffett, speaking to
  
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• Warren Buffett names Greg Abel as next CEO of Berkshire Hathaway

  03-05-2021 20:01
  
  Billionaire, 90, lets slip plan for vice-chairman to take over at $644bn investment groupBillionaire investor Warren Buffett has confirmed that the vice-chairman of his Berkshire Hathaway investment conglomerate, Greg Abel, will succeed him as chief executive.The 90-year-old’s succession plan was teased out of him – apparently by accident – by his longtime business partner, 97-year-old Charlie Munger, at the company’s annual meeting over the weekend. Buffett, speaking to
  
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• Warren Buffett warns about inflation amid ‘red hot’ recovery from pandemic

  02-05-2021 15:57
  
  Legendary investor also warns about share-trading apps and investment Spacs while partner calls cryptocurrencies ‘disgusting’The billionaire investor Warren Buffett has warned of inflation hitting the US economy amid a “red hot” recovery from the worst of the coronavirus pandemic.Buffett said his portfolio companies were “seeing very substantial inflation” in a range of sectors amid shortages of raw materials and high savings among those who kept jobs but were
  
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• Warren Buffett says online trading platforms encourage ‘gambling impulse’

  02-05-2021 03:16
  
  Legendary investor warns about the risks of stock trading while his partner calls cryptocurrencies ‘disgusting’Warren Buffett warned people not to think investing is an easy way to make a fortune as he answered a variety of questions at the annual meeting of his conglomerate Berkshire Hathaway.Speaking in Los Angeles, the legendary billionaire investor said it could be tough to pick the long-term winners. He pointed out that in 1903 there were more than 2,000 car companies, and nearl
  
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• Warren Buffett, Amazon, Starbucks and others condemn voting restrictions in letter

  14-04-2021 16:46
  
  ‘Voting is the lifeblood of our democracy,’ says the double-page letter published in the New York Times and Washington PostAmazon, BlackRock, Google, Starbucks, billionaire investor Warren Buffett and hundreds of other companies published a letter on Wednesday condemning “discriminatory legislation” designed to hinder voting rights in the US.The letter – the biggest statement yet from corporate America – follows weeks of heated debate over corporate opposition
  
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• Ten billionaires reap $400bn boost to wealth during pandemic

  19-12-2020 17:00
  
  Covid-19 pushed many into poverty but brought huge benefits for some of the wealthiest, renewing calls for fairer taxes
  Coronavirus - latest updatesCoronavirus - see all our coverageTen of the richest people in the world have boosted their already vast wealth by more than $400bn (£296bn) since the coronavirus pandemic began as their businesses were boosted by lockdowns and financial crises across the globe.The extra wealth accumulated by the 10 men – approximately $450bn, using Forbe
  
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• MacKenzie Scott: ex-wife of Jeff Bezos gives away $4bn in four months

  16-12-2020 10:11
  
  The 50-year-old, who was married to Amazon founder for 26 years, donates to Covid charitiesCoronavirus – latest updatesSee all our coronavirus coverageMacKenzie Scott, the ex-wife of the Amazon founder, Jeff Bezos, has donated more than $4bn in the past four months to hundreds of charities and aid organisations, including food banks fighting the impact of the coronavirus pandemic.Scott, who has a personal net worth of more than $60bn (£44.5bn), pledged to give away much of her wealth
  
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• Warren Buffett makes big investment in US pharmaceutical firms

  17-11-2020 19:21
  
  Berkshire Hathaway bought $5.7bn worth of shares in four companies in third quarterThe investment company run by billionaire investor Warren Buffett bet $5.7bn (£4.3bn) on pharmaceutical companies during the third quarter of 2020, as the sector takes centre stage in the fight against the coronavirus pandemic.Berkshire Hathaway bought shares in drug companies AbbVie, Bristol-Myers Squibb, Merck and Pfizer between July and September, according to filings with the US regulator. Continue readi
  
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• How philanthropy benefits the super-rich – podcast

  28-09-2020 13:00
  
  There are more philanthropists than ever before. Each year they give tens of billions to charitable causes. So how come inequality keeps rising?Continue reading...
  
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• How philanthropy benefits the super-rich

  08-09-2020 07:00
  
  There are more philanthropists than ever before. Each year they give tens of billions to charitable causes. So how come inequality keeps rising? By Paul VallelyPhilanthropy, it is popularly supposed, transfers money from the rich to the poor. This is not the case. In the US, which statistics show to be the most philanthropic of nations, barely a fifth of the money donated by big givers goes to the poor. A lot goes to the arts, sports teams and other cultural pursuits, and half goes to education
  
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• Warren Buffett invests $6bn in Japan's five biggest trading houses

  31-08-2020 15:11
  
  The 90-year-old US business tycoon hopes for ‘opportunities of mutual benefit’Warren Buffett has invested $6bn in Japan’s five biggest trading houses, giant conglomerates involved in everything from importing food and textiles to the technology and manufacturing industries, as he looks to diversify beyond the US.The surprise move by Buffett, who has just turned 90, means he is one of the biggest shareholders in Mitsubishi Corp, Mitsui & Co, Itochu Corp, Sumitomo Corp and Ma
  
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• In a pandemic, billionaires are richer than ever. Why aren't they giving more? | Chuck Collins

  03-08-2020 13:46
  
  Billionaires get huge tax breaks to park money in private family foundations operated by wealthy heirs. Little goes to actual charity work
  A decade ago, Bill Gates and Warren Buffett did an important thing. They organized the Giving Pledge to inspire their fellow billionaires to donate more money to charity. Related: Revealed: super-rich donate to Cuomo as he rejects tax hikes for billionaires The notion that philanthropy is a private preserve, apart from the government, is a myth Related: Tesla
  
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• German company allegedly cons Warren Buffett out of €643m

  19-05-2020 06:00
  
  US investor may have paid over four times too much for firm now being investigated for fraudA German manufacturing company is being investigated for fraud after allegedly conning the legendary US investor Warren Buffett into paying at least four times over the odds for its business by Photoshopping company orders and invoices.In February 2017 a unit of Buffett’s Berkshire Hathaway Inc paid €800m (£715m) to buy Wilhelm Schulz, a family-run manufacturer of stainless steel based in
  
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• Warren Buffett dumps US airline stocks, saying 'world has changed' after Covid-19

  03-05-2020 07:03
  
  The legendary investor indicates that financial markets could still have further to fall as worldwide cases edge towards 3.5mCoronavirus latest updatesWarren Buffett, the legendary American investor, has sold his firm’s entire holdings in the four major US airlines, warning that the “world has changed” for the aviation industry because of the coronavirus crisis.In comments that will send shockwaves through financial markets already pulverised by the economic shock of the outbre
  
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• Bill Ackman claims firm made $2.6bn betting on coronavirus outbreak

  25-03-2020 20:19
  
  Hedge fund manager took advantage of market turmoil to make almost 100 times his outlay Coronavirus – latest updatesSee all our coronavirus coverageThe hedge fund manager Bill Ackman has claimed his firm made $2.6bn (£2.2bn) betting that the coronavirus outbreak would cause a market crash, barely a week after warning that “hell is coming” for US companies.Ackman took advantage of bond market turmoil to make almost 100 times his original outlay of $27m on bets on market mo
  
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• Wealthy people are spending less – are they seeing signs of a recession?

  18-11-2019 08:00
  
  A recent USB report found wealthy investors are increasing their cash reserves, adding to growing evidence suggesting they see trouble on the horizonDo the ultra-wealthy know something we don’t? US consumers in general are still spending, but the 1%? Not so much.A UBS report released last week found wealthy investors around the world are holding a relatively high level of cash in anticipation of global turmoil in 2020. That report added to a growing body of evidence that suggests the wealt
  
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• Think billionaires are just super-rich people? Big mistake | Arwa Mahdawi

  06-11-2019 08:00
  The hard realities of extreme wealth – political influence and jaw-dropping inequality – should have us all protesting in the streetsShould billionaires exist? There has been much heated debate in the US and the UK on this subject recently. Bernie Sanders says billionaires should be taxed out of existence while Joe Biden has warned against demonising rich people.The fact that we are even having this debate is a depressing indication of the extent to which extreme inequality has been
  
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• Warren Buffett donates $3.6bn to Gates' and family charities

  01-07-2019 19:55
  Donation is biggest in billionaire’s plan to give away fortuneBill & Melinda Gates Foundation receives 80% of shares giftWarren Buffett is donating roughly $3.6bn of Berkshire Hathaway stock to five charities including the Bill & Melinda Gates Foundation, the biggest contribution in Buffett’s plan to give away his fortune.Berkshire said Buffett’s 14th annual donation comprises about 16.81m class B shares of Berkshire. Related: Warren Buffett says Republican tax cut 'del
  
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• Amazon's Jeff Bezos pays out $38bn in divorce settlement

  30-06-2019 15:52
  Ex-wife MacKenzie Bezos will become world’s fourth-richest woman but has promised to give away half of awardThe world’s biggest divorce settlement will be made official this week as Amazon billionaire Jeff Bezos hands over a 4% stake in the online shopping giant to his soon-to-be ex-wife MacKenzie Bezos.A judge is expected to sign legal papers transferring the Amazon shares – worth $38bn (£29bn) – into MacKenzie Bezos’s name. It is by some distance the largest
  
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• MacKenzie Bezos pledges more than half her wealth to charity

  28-05-2019 18:27
  Jeff Bezos’ former wife, known as world’s 22nd richest person with $36.6bn fortune, signs up to the Giving PledgeMacKenzie Bezos, who recently became the world’s fourth richest woman following her divorce from Jeff Bezos, founder and chief executive of Amazon, has promised to give away more than half her $36.6bn (£28.4bn) fortune.The 49 year-old novelist and founder of the anti-bullying group Bystander Revolution said on Tuesday that she had “a disproportionate amou
  
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• MacKenzie Bezos pledges at least half her wealth to charity

  28-05-2019 18:27
  Jeff Bezos’ former wife, known as world’s 22nd richest person with $36.6bn fortune, signs up to the Giving PledgeMacKenzie Bezos, who recently became the world’s fourth richest woman after her divorce from Jeff Bezos, founder and chief executive of Amazon, has promised to give away at least half her $36.6bn (£28.4bn) fortune.The 49 year-old novelist and founder of the anti-bullying group Bystander Revolution said on Tuesday that she had “a disproportionate amount of
  
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• Warren Buffett takes swipe at Trump in shareholder letter

  23-02-2019 19:25
  Investor wrote that ‘it is beyond arrogance for American businesses or individuals to boast that they have “done it alone”’The billionaire investor Warren Buffett has used his widely-read annual letter to shareholders to take a swipe at Donald Trump, saying no one person should claim credit when the US economy goes well. Related: Kraft Heinz share plunge loses Warren Buffett $4bn in one dayContinue reading...
  
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• Warren Buffett seeks 'elephant-sized acquisition' after large quarterly loss

  23-02-2019 19:25
  Investor said he is hoping for one the day after Berkshire Hathaway took a write-down on its stake in Kraft HeinzThe billionaire investor Warren Buffett said he is looking for an “elephant-sized acquisition”, one day after his company, Berkshire Hathaway, reported one of its largest quarterly losses in history, taking a multi-billion-dollar write-down on its stake in the food giant Kraft Heinz. Related: Kraft Heinz share plunge loses Warren Buffett $4bn in one dayContinue reading...
  
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• Kraft Heinz share plunge loses Warren Buffett $4bn in one day

  22-02-2019 17:48
  Shares in the food and beverage giant fell nearly 25% in Friday trading, Berkshire Hathaway has been particularly hard hitShares in the food and beverage giant Kraft Heinz fell nearly 25% in Friday trading, a day after the company wrote down by $15.4bn the value of its Kraft and Oscar Mayer brands.The company, which has disclosed that in October it received a subpoena from the Securities and Exchange Commission (SEC), has been battling pressure on the value of its brands since it came into exist
  
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