Warren Buffett turns record profit – despite lashings of global headwinds February 25, 2023 Warren Buffett’s Berkshire Hathaway Inc on Saturday reported its highest-ever annual operating profit, even as foreign currency losses and lower gains from investments caused fourth-quarter profit to fall. Buffett called 2022 a “good year” for Berkshire in his annual shareholder letter after the conglomerate’s dozens of businesses generated $30.8 billion of profit despite rising inflation and [...]
Warren Buffett reveals over $4bn stake in world’s largest chipmaker TSMC November 15, 2022 American business magnate Warren Buffett’s Berkshire Hathaway has revealed a $4.1bn (£3.4bn) stake in the world’s largest chipmaker, in a rare big bet on tech. Shares in Taiwan Semiconductor Manufacturing Company (TSMC) rose 7.8 per cent to $480 (£405) a share by the time Taipei’s market closed, on the back of Buffett weight in investment [...]
Warren Buffett’s Berkshire Hathaway books $43.8bn loss after slide on equity markets August 6, 2022 Warren Buffett’s Berkshire Hathaway was hit by the global rout on equity markets in the second quarter of the year as it booked a hefty $43.8bn loss.
Buffet with Warren Buffett: Lunch with iconic businessman raises record $19m in eBay charity auction June 18, 2022 A lunch with billionaire businessman Warren Buffett has been auctioned for a whopping $19m, marking the most expensive item to be sold on eBay for charity.
Berkshire Hathaway says shareholders should vote against plans to replace Warren Buffett as chairman March 12, 2022 Berkshire Hathaway has called on shareholders to vote against plans to replace Warren Buffet as chairman of the Omaha headquartered investment company. The Board of Berkshire Hathaway said shareholders should vote down a proposal, put forward by Pennsylvania investment firm Federated Hermes, to separate the positions of Chairman and CEO within the firm. The move [...]
Warren Buffett’s Berkshire Hathaway dumps Visa and Mastercard stock and buys $1bn in Bitcoin fintech Nubank February 16, 2022 Berkshire Hathaway, Warren Buffett’s investment vehicle, has reportedly ditched more than $3bn in stock in payment processor giants Visa and Mastercard. According to a securities filing in the U.S., dated 14 February, the investment giant has sold $1.8bn in Visa shares and $1.3bn in Mastercard stock. At the same time, the company increased its participation [...]
Berkshire Hathaway enjoys rebound in profits November 6, 2021 Warren Buffett’s Berkshire Hathaway has extended its rebound from the early stages of the pandemic, with quarterly operating profits rising by 18 per cent to $6.47 billion compared to $5.48 billion in the year-earlier period. This is despite the company hoarding cash and cutting back on some stock holdings. During the third quarter, Berkshire Hathaway [...]
Brazil’s Buffett-backed Nubank eyes $55bn valuation ahead of US IPO August 26, 2021 Brazil’s digital bank Nubank is reportedly eyeing a $55.4bn valuation ahead of its initial public offering (IPO), as Brazilians look beyond traditional lenders. If Brazil’s most prominent digital bank is listed at a market cap greater than its largest tradition bank Itau Unibanco, Nubank would shoot up the ranks towards international high flyers like the [...]
Warren Buffett names Greg Abel as Berkshire Hathaway successor May 4, 2021 Investor Warren Buffett has said that vice-chairman Greg Abel will succeed him as chief executive when he steps down from the role. Buffett, 90, built Berkshire Hathaway from a failing textile maker into a $628bn investment giant. Despite the announcement, Buffet said that he has no plans to step down in the near future. “The [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]