Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year's first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts' estimates by FactSet Research, who predicted $6,701.87 per Class A share. Buffett was a net seller of $17 billion in stocks during the quarter, including trimming about 13% of Berkshire’s massive Apple stake. With no major acquisitions in sight, Berkshire’s cash pile climbed to a record $188.993 billion even after it spent $2.6 billion repurchasing shares during the first three months of the year.

Profit Share Billion Buffett Berkshire Class A Share  operating  apple  64  breaking  plunges  holdings  sells  value  reported  portfolio  quarter  share  billion  berkshires  sign  profit  buffett

History of this topic

Berkshire is sitting pretty with over $300 billion of cash. Will Buffett invest a chunk of it?
2 weeks, 4 days ago

Berkshire is sitting pretty with over $300 billion of cash. Will Buffett invest a chunk of it?

Live Mint  

No major company is better positioned than Berkshire Hathaway in the wake of the stock market rout. Berkshire was sitting on about $318 billion of cash and equivalents at year-end 2024, nearly double the total at the end of 2023. Buffett sold two-thirds of Berkshire’s Apple stake—some 600 million shares—during 2024 at what Barron’s estimates was an average price of …

Warren Buffett's billion-dollar secret revealed: Why he's hoarding cash and betting big on Japan
1 month, 1 week ago

Warren Buffett's billion-dollar secret revealed: Why he's hoarding cash and betting big on Japan

Daily Mail  

Warren Buffett calmed fears over Berkshire Hathaway's cash stockpiling as he said he intends to invest heavily in the near future, particularly in one emerging market. Berkshire has particularly focused its recent investments on Japan, and Buffett wrote that he anticipates increasing the firm's stocks in five Japanese trading houses - Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. Warren Buffett, 94, …

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates
1 month, 1 week ago

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates

Live Mint  

Berkshire Hathaway Q4 Results: Warren Buffett's Berkshire Hathaway Inc announced its fourth quarter results on Saturday, February 22, reporting a surge of 71 per cent in its operating profit to $14.5 billion, mostly driven by the investment income and insurance business amid high interest rates. The Omaha, Nebraska-based empire's fourth-quarter operating profit hit a record $14.53 billion, or $1,010 per …

Berkshire Hathaway’s operating earnings surge 71% with record cash pile
1 month, 1 week ago

Berkshire Hathaway’s operating earnings surge 71% with record cash pile

CNN  

CNN — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. “We were aided by a predictable large gain in investment income as Treasury Bill yields improved and we substantially increased our holdings of these highly-liquid short-term securities,” Buffett said. For the fourth quarter, Berkshire’s cash …

'Spend wisely & ensure a stable economy': Warren Buffett's message to US government
1 month, 1 week ago

'Spend wisely & ensure a stable economy': Warren Buffett's message to US government

India Today  

OMAHA: In his annual letter to shareholders Saturday, Warren Buffett celebrated the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate while offering some advice to President Donald Trump. Buffett cited the fact that Berkshire paid zero income tax …

Warren Buffett snaps up 35 percent stake in once huge music company he bets is making a comeback
1 month, 3 weeks ago

Warren Buffett snaps up 35 percent stake in once huge music company he bets is making a comeback

Daily Mail  

Warren Buffett has upped his stake in another forgotten company recent days - and the share price has surged 12 percent since news broke. Warren Buffett - who is 94 - has a 35 percent stake in Sirius XM Warren Buffett bought 2.3 million shares of Sirius XM - worth $54 million - between January 31 and Monday, February 3. …

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout
1 month, 4 weeks ago

Apple’s iPhone sales during the holiday season slipped despite a highly anticipated AI rollout

New Indian Express  

SAN FRANCISCO: Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company’s effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses. The iPhone’s roughly 1% drop in revenue from the previous year’s October-December period wasn’t entirely unexpected, given …

‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett
2 months, 4 weeks ago

‘Will end in disaster’: Celebrity tech investor disagrees with Warren Buffett

Hindustan Times  

Billionaire investor Warren Buffett preaches that the best option for most people is to invest in a low-fee S&P 500 index fund and hold it long-term, but Chamath Palihapitiya, a Sri Lankan-born Canadian venture capitalist, disagrees. Buffett is giving away another $5.3 billion worth of Berkshire Hathaway stock to five foundations in accordance with his longtime giving plan Palihapitiya, who …

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year
3 months ago

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year

Daily Mail  

Warren Buffett has bought stakes in three companies, after hoarding cash for most of 2024. But recently, Berkshire and Buffett scooped up $563 million of stock in Occidental Petroleum, Sirius XM and VeriSign, according to The Motley Fool. The company purchased roughly $405 million-worth of stock in domestic oil company Occidental Petroleum, around $113 million in broadcasting corporation Sirius XM, …

Warren Buffett's $5.4 BILLION warning to investors after he dumps popular stock - and Wall Street better pay attention
6 months, 2 weeks ago

Warren Buffett's $5.4 BILLION warning to investors after he dumps popular stock - and Wall Street better pay attention

Daily Mail  

Warren Buffett's Berkshire Hathaway has sold another massive stake in Bank of America - raising red flags in an ominous sign for Wall Street investors. Warren Buffett's Berkshire Hathaway has sold another large stake in Bank of America bringing the total sales since mid-July to nearly $5.4 billion Buffett's huge cashing in of Bank of America stock could be a …

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap
7 months ago

Warren Buffett led Berkshire Hathaway becomes first US non-tech company to cross $1 trillion market cap

Hindustan Times  

Berkshire Hathaway Inc., the conglomerate led by American Businessman Warren Buffett, has made history by becoming the first U.S. non-tech company to surpass the USD 1 trillion mark in market capitalisation. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. The stock price …

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares
7 months ago

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares

Daily Mail  

Warren Buffett's Berkshire Hathaway has become the first non-tech company to reach a $1 trillion valuation. Warren Buffett's Berkshire Hathaway has reached a market capitalization of $1 trillion 'This is significant at a time when Berkshire represents one of the few remaining conglomerates in existence today.' Berkshire Hathaway is a sprawling business empire with a $285 billion stock portfolio that …

Like Warren Buffett? Nvidia's Jensen Huang sold record $323 million stock in July before market crash
7 months, 2 weeks ago

Like Warren Buffett? Nvidia's Jensen Huang sold record $323 million stock in July before market crash

Hindustan Times  

Jensen Huang sold a record amount of Nvidia shares from his portfolio in July following which his total stock sales stand at nearly $500 million this year ahead of a global stock sell-off. The Nvidia boss sold $322.7 million worth of his company's shares in July and has sold nearly $500 million this year, as per filings with the Securities …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake

LA Times  

Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha. Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter

Associated Press  

— Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, …

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
7 months, 3 weeks ago

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day

Hindustan Times  

Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a total of 8.8% — or $3.8 billion — since mid-July. In the latest disposals, his Berkshire Hathaway Inc. reaped $779 million selling stock on July 30 through Aug. 1, according to a regulatory filing late Thursday. …

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
8 months, 1 week ago

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America

Hindustan Times  

Warren Buffett’s Berkshire Hathaway sold about 34 million shares of Bank of America Corp. for $1.48 billion, as per a public filing. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett invested $5 billion in the bank in 2011 in exchange for preferred stock and …

Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs
9 months, 1 week ago

Warren Buffett’s Berkshire Hathaway dumps BYD shares following rise in trade tension over Chinese EVs

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN — Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car maker, as global trade tensions escalate over …

Warren Buffett just lost $4.5 billion because of this stock market decision
9 months, 2 weeks ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up
10 months, 1 week ago

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Warren Buffett's secret stock …

Warren Buffett’s Berkshire reveals its mystery stock: Chubb
10 months, 2 weeks ago

Warren Buffett’s Berkshire reveals its mystery stock: Chubb

Live Mint  

Berkshire’s stake in the insurer was worth $6.7 billion at the end of March, according to a regulatory filing made public after the market closed Wednesday. Wednesday’s filing comes less than two weeks after Berkshire’s annual meeting in Omaha, where Buffett praised Apple despite the news that Berkshire had sold about 13% of its stake. Buffett said the iPhone maker …

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
10 months, 3 weeks ago

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

Associated Press  

— Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class …

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS
10 months, 3 weeks ago

Apple Stock Buyback Quarterly Earnings Revenue Loss Decline Tim Cook iPhone iPad iOS

ABP News  

Apple on Friday announced its quarterly results, which not only surpassed subdued analyst expectations but also included an unprecedented share buyback initiative. Apple disclosed a 4 per cent increase in its cash dividend alongside a staggering $110 billion stock buyback authorisation, the largest in its history. Reuters Graphics The Cupertino giant reported a 4 per cent decrease in fiscal second-quarter …

Apple’s revenue drops, net sales of iPhone and iPad plunge
10 months, 3 weeks ago

Apple’s revenue drops, net sales of iPhone and iPad plunge

The Hindu  

Apple reported quarterly revenue of $90.8 billion, which was down 4% year over year, as it noted a drop in the net sales of iPhones, iPads, and wearables in the past one year. While it surpassed low expectations, Apple announced a record $110 billion stock buyback. The premium gadget maker has been looking to put together more of its handsets …

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
1 year, 1 month ago

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
1 year, 1 month ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

Buffett’s firm sells off several smaller investments, including GM and UPS
1 year, 4 months ago

Buffett’s firm sells off several smaller investments, including GM and UPS

Associated Press  

— Warren Buffett’s company unloaded a number of the smaller investments from its portfolio in the third quarter including General Motors, Mondelez and Johnson & Johnson. Many investors like to follow the changes in Berkshire’s portfolio because they want to see Buffett’s latest investment decisions, although some of the smaller changes made each quarter are likely the work of one …

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 4 months ago

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well

Associated Press  

— Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. That’s why Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can …

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones
1 year, 4 months ago

Apple’s sales fall for the fourth straight quarter despite a strong start for latest iPhones

Associated Press  

Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company. The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch …

Here's How Much Apple CEO Tim Cook Has Made By Selling Thousands Of Shares
1 year, 5 months ago

Here's How Much Apple CEO Tim Cook Has Made By Selling Thousands Of Shares

News 18  

– Apple Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. Apple launched its new iPhone 15 lineup last month, without raising prices, a move that some …

Warren Buffett’s company dumps another 5 million shares of printer maker HP
1 year, 5 months ago

Warren Buffett’s company dumps another 5 million shares of printer maker HP

Associated Press  

— Investors soon won’t be able to follow Warren Buffett’s every move in HP’s stock if the billionaire’s company keeps selling off shares of the printer and computer maker. Berkshire Hathaway’s ownership of HP Inc. is about to drop below 10% after it sold nearly 5 million shares, according to a regulatory filing by Buffett’s company late Monday. Even after …

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
1 year, 7 months ago

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves

Associated Press  

— Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows …

Berkshire Hathaway shares hit record as operating profit crosses $10 billion
1 year, 7 months ago

Berkshire Hathaway shares hit record as operating profit crosses $10 billion

Live Mint  

Billionaire investor Warren Buffett-led Berkshire Hathaway share price hit a record on Monday after the company’s quarterly operating profit rose above $10 billion for the first time. Berkshire Hathaway share price rallied 3.41% or $18,320 to $551,920, lifting the market value of the conglomerate to about $799 billion. In 2023 so far, Berkshire Hathaway shares have rallied 18%. Berkshire Hathaway …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 7 months ago

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well

Associated Press  

— Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire’s revenue jumped to $92.5 billion from last year’s $76.2 billion thanks largely to …

Apple becomes the first publicly traded company to be valued at $3 trillion
1 year, 8 months ago

Apple becomes the first publicly traded company to be valued at $3 trillion

The Hindu  

Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value on back-to-back days …

Apple’s market value ends above $3 trillion for the first time
1 year, 9 months ago

Apple’s market value ends above $3 trillion for the first time

Al Jazeera  

Gains in Apple shares come as technology stocks rebound on bets that the US Federal Reserve may slow its rate hikes. Apple Inc’s stock market value ended a trading session above $3 trillion for the first time on Friday, lifted by signs of improving inflation and bets that the iPhone maker will successfully expand into new markets. Apple’s market value …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 9 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Warren Buffett’s company recommits to Bank of America stock while dumping other banks
1 year, 10 months ago

Warren Buffett’s company recommits to Bank of America stock while dumping other banks

Associated Press  

— Investor Warren Buffett recommitted to his favorite bank stock, Bank of America, during the first quarter while dumping two other banks as part of a number of moves in Berkshire Hathaway’s stock portfolio. Berkshire picked up another 17.4 million shares during the quarter, as it previously reported, to take control of nearly 24% of the oil producer’s stock or …

Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 10 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 10 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Warren Buffett had to say THIS about Apple at annual meeting
1 year, 10 months ago

Warren Buffett had to say THIS about Apple at annual meeting

Live Mint  

‘Apple happens to be better business than any we own’, Billionaire Warren Buffett said at the Berkshire Hathaway Inc.'s annual general meeting in Omaha, Nebraska. Buffett and his partner Charlie Munger are spending all day Saturday answering questions at Berkshire Hathaway's annual meeting inside a packed Omaha arena. The billionaire said, “Apple is not 35% of Berkshire Hathaway's portfolio, but …

Warren Buffett predicts earnings decline across Berkshire Hathaway units
1 year, 10 months ago

Warren Buffett predicts earnings decline across Berkshire Hathaway units

Live Mint  

Warren Buffett, who’s economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. “The majority of our businesses will report lower earnings this year than last year,” Buffett said, before crowds of thousands at the event on Saturday. Berkshire is often seen …

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report
1 year, 10 months ago

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report

Live Mint  

Billionaire and ace investor, Warren Buffett's Berkshire Hathaway sees over a 5-folds jump in net earnings for the first quarter of 2023, driven by gains from stocks such as Apple Inc. Also, higher income from investment boosted the operating profit. Net earnings attributable to Berkshire Hathway's shareholders skyrocketed by 536.27% to $35.5 billion in Q1 of 2023, as compared to …

Profits jump at Buffett's company ahead of annual meeting
1 year, 10 months ago

Profits jump at Buffett's company ahead of annual meeting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Part of this year's investment gains included a $2.4 …

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock
1 year, 10 months ago

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Saturday said its first-quarter profit totaled $35.5 billion, reflecting gains from common stocks such as Apple Inc, while higher income from investments bolstered operating profit. "Even though I've gone for 32 or 33 years, it's enjoyable, uplifting, and you're always learning something new," Paul Lountzis, who makes Berkshire his largest investment at Lountzis Asset …

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets
1 year, 10 months ago

iPhones prop up Apple’s latest quarterly earnings of $94.8 billion, sales of iPads, Macs plummets

Firstpost  

Apple Inc reported their earnings that have gone above forecasts on Thursday, demonstrating the tech giant’s resilience in a slowing global economy thanks to higher-than-expected iPhone sales and significant gains in India and other emerging economies. Apple’s stock gained 2 per cent after the firm topped Wall Street’s revenue and profit projections for the first quarter ended April 1. Also …

Buffett’s company owns nearly 24% of Occidental Petroleum
2 years ago

Buffett’s company owns nearly 24% of Occidental Petroleum

Associated Press  

— Billionaire Warren Buffett’s company bought more than $200 million worth of Occidental Petroleum’s shares over the past week, giving it control of 23.6% of the oil producer’s stock. Berkshire now owns nearly $13 billion worth of Occidental’s common shares outright. Buffett doesn’t routinely comment on Berkshire’s stock purchases beyond what he is required to disclose, and he didn’t immediately …

Buffett’s firm buys Apple, slashes chipmaker and bank stakes
2 years, 1 month ago

Buffett’s firm buys Apple, slashes chipmaker and bank stakes

Associated Press  

— Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings. Berkshire picked up nearly 21 million more shares in the iPhone maker during the final three months of last year to give it 915.6 million shares …

Buffett’s firm has now sold 95 million shares of China’s BYD
2 years, 1 month ago

Buffett’s firm has now sold 95 million shares of China’s BYD

Associated Press  

— Warren Buffett’s company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD’s stock, but it remains a significant shareholder. Berkshire Hathaway said in a filing with the Hong Kong stock market Thursday that it had sold another 4.235 million BYD shares since last month. After the most-recent sales, Berkshire still held …

Discover Related