Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money' "I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."
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Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone "I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett said at Berkshire's annual meeting.
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Warren Buffett says Berkshire Hathaway is looking at an investment in Canada The Oracle of Omaha noted that he is 'confident' in placing bets in the country.
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Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.
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Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion Berkshire Hathaway reported a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels.
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Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie’s Almanack' The Oracle of Omaha's annual event kicked off with wares from See's Candies to the latest Squishmallows of Warren Buffett and Charlie Munger.
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Berkshire Hathaway’s big mystery stock wager could be revealed soon Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.
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First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.
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Talent war between family offices and Wall Street drives up salaries Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.
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'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat' A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."
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China's automakers must adapt quickly or lose out on the EV boom in the face... Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.
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Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.
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Fed keeps rates steady as it notes 'lack of further progress' on inflation With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.
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Here's what changed in the new Fed statement This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.
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Why hundreds of U.S. banks may be at risk of failure Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
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NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability' CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
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New Calamos ETF promises ‘100% downside protection.’ Here's how it works “There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.
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This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks,... Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.
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HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.
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Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.
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‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to... ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.
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Miami is 'ground zero' for climate risk. People are moving to the area and building... Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship.
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Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.
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Chinese EV start-ups Nio and Xpeng turn to the mass market for growth Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.
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Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.
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Dow closes lower by more than 370 points as inflation, growth worries resurface: Live updates Stocks fell Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation.
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Barclays shares up 6% as bank swings back to profit in first quarter amid strategic... Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.
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Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.
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