Buffett to auction off one last private lunch for charity
The world's most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to raise money for the Glide Foundation, which helps the homeless in San Francisco.news.yahoo.com
These are the books that Warren Buffett, Mark Zuckerberg and Daymond John turned to for crucial business lessons
Billionaires Buffett and Zuckerberg are just a few of the successful business leaders who have gleaned important lessons and career advice from books they've read throughout the years. Here are a few examples of the books on business that have influenced some of the business world's biggest success stories.cnbc.com
Profit plummets at Buffett's company on investment gains
Warren Buffett’s company reported a third-quarter profit that was roughly one-third the amount of last year’s profit because of much smaller paper gains on the value of its investments, but most of its businesses were continuing to recover from the effects of the pandemic.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.
Warren Buffett's fortune tops $100B as his stock soars
FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Investor Buffett's fortune surged above $100 billion Wednesday, March 10, 2021, when shares of his company hit a record high at over $400,000 apiece. – Investor Warren Buffett's fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Buffett's fortune, which is mostly tied to his ownership of 248,734 Class A shares, topped $101 billion at the stock's peak Wednesday. Amazon's Jeff Bezos is listed as the world's richest man with a $179.6 billion fortune.
Warren Buffett again encourages investors to bet on America
FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett is encouraging investors to maintain their faith in Americas economy and the businesses his Berkshire Hathaway conglomerate owns. – Billionaire Warren Buffett encouraged investors to maintain their faith in America's economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance businesses and stocks that belong to Berkshire Hathaway. Buffett said one of his biggest investments last year was the $25 billion repurchase of Berkshire's own shares.
Game on, again: GameStop surges and no one truly knows why
After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday. After short-selling funds got badly burned by last month's sudden surge, many fewer GameStop shares are being sold short now. A day after testifying in a Congressional hearing about GameStop last week, he indicated he added another 50,000 shares after Feb. 3, doubling his GameStop stock position. On Wednesday, an hour or so before GameStop shares spiked, Cohen tweeted a photo of an ice cream cone from McDonald’s, along with an emoji of a frog. Even so, GameStop shares changed hands more times by midday Thursday than for Apple, a company with a market value nearly 180 times the size of GameStop.
Buffett's right-hand man says US stock market is overvalued
Investor Warren Buffetts right-hand man, Munger, says the U.S. stock market is overvalued, but he doesnt know when the bubble will burst. Munger said Wednesday, Feb. 24, 2021, that the recent frenzy over GameStops stock was driven by small investors gambling on the stock market. – Investor Warren Buffett's right-hand man says the U.S. stock market is overvalued, but he doesn't know when the bubble will burst. Munger said the recent frenzy over GameStop's stock was driven by small investors gambling on the stock market. If you have unrealistic expectations, you’re going to be miserable all your life,” Munger said.
Investing ABCs: Teaching your kids about money and markets
The Associated Press talked to a few parents and financial experts for their tips, and included in their advice was teaching kids early on about money, keeping the discussions simple but interesting and letting kids practice investing. KEEP IT SIMPLEParents should make sure kids understand money basics before they try to conquer investing. Kids need to understand what stocks are, why people invest and how the markets work before they can understand investing. AdThere are plenty of good resources — websites, apps, books — available to help guide the way in talking with kids about money and investing (or to help bolster parents' own knowledge). Parents can also help kids identify companies they are interested in and track them using fictitious money just for fun.
Asia stocks follow Wall St. down after weaker US jobs data
(AP Photo/John Minchillo)BANGKOK – Asian stock markets followed Wall Street lower on Friday after disappointing U.S. jobs and economic data. Overnight, Wall Street's benchmark S&P 500 index lost 0.4% for its third straight daily decline. AdThe Shanghai Composite Index lost 0.9% to 3,641.63 and the Nikkei 225 in Tokyo sank 1% to 29,947.42. On Wall Street, the S&P 500 fell to 3,913.97. Congress is conducting a hearing on the recent volatility of companies caught in a tug-of-war between Wall Street institutional investors betting against the companies and the online retail investors who pushed shares higher.