Finance

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Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. It was 100% my decision, and we’ve sold it all and we lost quite a bit of money. Berkshire owned 63.3 million shares […]

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Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone

Finance / By Sally Farley

OMAHA, Nebraska — Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s investing decisions when the Oracle of Omaha is no longer at the helm. “I would leave the capital allocation to Greg and he understands businesses extremely well,” Buffett told an arena full of shareholders at

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Warren Buffett says Berkshire Hathaway is looking at an investment in Canada

Finance / By Sally Farley

OMAHA, Neb. — Warren Buffett said that Berkshire Hathaway is looking into an investment in Canada. “We do not feel uncomfortable in any shape or form putting our money into Canada,” he told an arena full of investors Saturday. “In fact, we’re actually looking at one thing now.” The billionaire investor has placed bets in

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'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers

Finance / By Sally Farley

There may be an untapped market for exchange-traded funds. According to Calamos investments’ Matt Kaufman, there are trillions of dollars across CD and money market accounts, and it is a market ETFs should look to capture. “That’s larger than almost the ETF space itself,” the firm’s head of ETFs told CNBC’s “ETF Edge” earlier this

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Warren Buffett's Berkshire Hathaway cut Apple investment by about 13% in the first quarter

Finance / By Sally Farley

OMAHA, Nebraska — Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet. In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of

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Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion

Finance / By Sally Farley

Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier period. That gain was

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Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie’s Almanack'

Finance / By Sally Farley

OMAHA, Nebraska — Warren Buffett’s annual shopping event, the pregame to Berkshire Hathaway‘s annual meeting, is wowing shareholders flocking to Omaha this weekend. With over 20,000 square feet of showroom space and more than 50,000 items of inventory, the exhibit hall in downtown Omaha at the CHI Health Center features goodies from various Berkshire’s holding

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Stocks making the biggest moves midday: Apple, Expedia, Block, Live Nation and more

Finance / By Sally Farley

Check out the companies making headlines in midday trading. Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . Apple also posted beats on the top and bottom lines, reporting fiscal second-quarter earnings at $1.53 per share on $90.75 billion in revenue. That topped analysts’ estimates

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Berkshire Hathaway’s big mystery stock wager could be revealed soon

Finance / By Sally Farley

Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identity of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday at the company’s annual shareholder meeting in Omaha, Nebraska. That’s because

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Talent war between family offices and Wall Street drives up salaries

Finance / By Sally Farley

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The typical family office costs more than $3 million a year to operate, as competition for talent drives up staffing expenses, according to

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