• ‘Be fearful when others are greedy’: Warren Buffett’s sharpest lessons in investing

    As the billionaire retires, he leaves memorable advice from his annual letters that include pithy takes on bubbles, discipline and long-term goalsWarren Buffett, the billionaire investor who is retiring at the end of 2025, has entertained and educated shareholders in his Berkshire Hathaway conglomerate for many years with his pithy annual letters outlining the firm’s performance.Every year since 1965 he has updated his investors on the journey as Berkshire morphed from a “struggling
  • Tech oligarchs reshape humanity while billionaires of old seem quaint

    From Gates to Musk and Altman, today’s ultra-rich steer AI and tech, raising questions about who decides the futureWhen Bill Gates became the first modern IT mogul to reach the apex of wealth and power in 1992, the world was a very different place. Gates joined the top 10 on Forbes magazine’s billionaires list alongside Japanese, German, Canadian, South Korean and Swedish billionaires, including those with family fortunes from Britain and America. A broad mix of industries was on the
  • Terence Crawford: from a bullet’s glancing blow to boxing’s biggest stage

    From an Omaha gym to a Las Vegas stadium, Terence Crawford has built a career solving problems others can’t. Now he must out-think size, history and Canelo ÁlvarezTerence “Bud” Crawford, America’s finest boxer since Floyd Mayweather Jr, has spent his life closing the distance between the improbable and the inevitable. He was the kid from North Omaha who survived a bullet to the head and poured himself into neighborhood gym. He was the stubborn amateur who missed th
  • ‘Stay below the radar’: corporate America goes quiet after Trump’s return

    Some of the world’s most powerful firms have quietly toed the line set by the administration to avoid the president’s wrathFrom vast protests and all-caps social media posts to acrimonious legislative hearings and pugnacious White House statements, Washington has perhaps never been noisier. But since Donald Trump’s return to office, one corner of civil society has been almost eerily quiet.Those leading corporate America rapidly turned down the volume after the president’s
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  • Business figures pay tribute to Warren Buffett after retirement announcement

    JP Morgan boss says Buffett represents ‘everything good about American capitalism and America itself’Leading figures in the business world have lined up to pay tribute to Warren Buffett after the 94-year-old announced he would retire as chief executive of Berkshire Hathaway and hand over the reins to his vice-chair, Greg Abel.Buffett shocked an arena full of shareholders over the weekend when he announced he would step down as the CEO and chair of the trillion-dollar conglomerate at
  • Warren Buffett announces retirement from leading Berkshire Hathaway

    Billionaire shocked audience of investors with disclosure and said his vice-chair, Greg Abel, should take overWarren Buffett, the billionaire investor and philanthropist, has announced his intention to retire at the end of this year. He is 94 years old.Buffett, the fifth-richest person in the world, shocked an arena full of shareholders on Saturday when he announced that he would step down as the CEO and chair of the trillion-dollar conglomerate Berkshire Hathaway at the end of 2025. He will rec
  • Which Trump-supporting billionaires have lost the most in tariff markets turmoil?

    Wealth of world’s richest tycoons shrinks as US president’s trade war spooks investorsBusiness live – latest updatesWith global stock markets reeling from Donald Trump’s announcement of sweeping border taxes, some of the US president’s business allies have been left counting the cost.The world’s 500 richest people lost a collective $536bn (£417bn) in the first two days of stock market trading after Trump’s “liberation day” announcement
  • Warren Buffett’s Berkshire Hathaway hits $1tn valuation on Wall Street

    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

    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
  • They wait in the rain to see Warren Buffett. Will they still flock to Omaha when he’s gone?

    They wait in the rain to see Warren Buffett. Will they still flock to Omaha when he’s gone?
    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
  • Warren Buffett backs Apple after firm sells millions of shares in iPhone maker

    Warren Buffett backs Apple after firm sells millions of shares in iPhone maker
    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
  • Warren Buffett still key Apple investor after selling shares due to iPhone slump

    Warren Buffett still key Apple investor after selling shares due to iPhone slump
    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
  • Warren Buffett still key Apple investor after selling shares after iPhone slump

    Warren Buffett still key Apple investor after selling shares after iPhone slump
    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
  • Warren Buffett’s Squishmallows firm sues Build-A-Bear amid ‘knock-off’ claims

    Warren Buffett’s Squishmallows firm sues Build-A-Bear amid ‘knock-off’ claims
    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
  • China’s BYD overtakes Tesla as top-selling electric car seller

    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...
  • Charlie Munger: the aphorism-loving, bitcoin-hating sage behind Warren Buffett

    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
  • Charlie Munger, right-hand man of Warren Buffett, dies aged 99

    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
  • US home sellers win $1.78bn over inflated buyers’ commissions

    US home sellers win $1.78bn over inflated buyers’ commissions
    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
  • US banking crisis: Warren Buffett says bosses should face ‘punishment’

    US banking crisis: Warren Buffett says bosses should face ‘punishment’
    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 “
  • Some of the 1% are more generous than others | Letter

    Some of the 1% are more generous than others | Letter
    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
  • ‘Joe Biden blew it’: rail unions decry plan to impose deal through Congress

    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
  • US rail unions decry Biden’s proposal to impose settlement through Congress

    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
  • Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries

    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
  • US railroad workers prepare for strike as rail companies see record profits

    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
  • Buffett-owned lender discriminated against Black homebuyers, DoJ finds

    Buffett-owned lender discriminated against Black homebuyers, DoJ finds
    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
  • Berkshire Hathaway shareholders vote to keep Warren Buffett as chair

    Berkshire Hathaway shareholders vote to keep Warren Buffett as chair
    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
  • Paypal founder launches tirade against ‘gerontocracy’ over bitcoin

    Paypal founder launches tirade against ‘gerontocracy’ over bitcoin
    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
  • ‘White knuckle’ week for tech titans as shares and fortunes fall

    ‘White knuckle’ week for tech titans as shares and fortunes fall
    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
  • Wealthiest Americans’ tax avoidance – the shock report’s most striking details

    Wealthiest Americans’ tax avoidance – the shock report’s most striking details
    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
  • Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed

    Richest 25 Americans reportedly paid ‘true tax rate’ of 3.4% as wealth rocketed
    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...
05 Jun 2026

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