Buffett Is Back With One of His Biggest Buying Sprees in Years

Buffett Is Back With One of His Biggest Buying Sprees in Years

(Bloomberg) — After complaining for years that high valuations were thwarting his stock-buying efforts, Warren Buffett’s Berkshire Hathaway Inc. is back hoovering up other companies’ shares. Most Read from Bloomberg The conglomerate made roughly $41 billion of net purchases in the first quarter, including a boost to its Chevron Corp. stake that vaulted the investment … Read more

Elon Musk signs onto lawsuit against SEC claiming its gag rule deprives investors of information

Elon Musk has signed onto an amicus brief taking aim at the US Securities and Exchange Commission's gag rule

Just days after taking over control of Twitter, Elon Musk has now set his sights on going after federal regulators the SEC. The Tesla founder has quietly signed onto an amicus brief filed last week that could prevent the Securities and Exchange Commission from issuing gag orders which prevent people who settle with the SEC … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

Warren Buffett Says Markets Have Become a 'Gambling Parlor'

OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y … Read more

The price of free speech: why Elon Musk’s $44bn vision for Twitter could fall apart | Elon Musk

Contained within 95 pages of dense legal jargon, the warning from Twitter to Elon Musk was clear: don’t use your considerable power on the social media platform to attack the company. The world’s richest man and owner-in-waiting of Twitter signed an agreement for the planned $44bn (£35bn) takeover last week confirming that he could tweet … Read more

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn't believe in bitcoin

Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin. He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception … Read more

The price of free speech: why Elon Musk’s $44bn vision for Twitter could fall apart | Elon Musk

Contained within 95 pages of dense legal jargon, the warning from Twitter to Elon Musk was clear: don’t use your considerable power on the social media platform to attack the company. The world’s richest man and owner-in-waiting of Twitter signed an agreement for the planned $44bn (£35bn) takeover last week confirming that he could tweet … Read more

Musk Has a Controversial Idea to Replace Antidepressants

Musk Has a Controversial Idea to Replace Antidepressants

Elon Musk has unquestionably become the new oracle. The billionaire and CEO of Tesla (TSLA) – Get Tesla Inc Report is without doubt the most influential voice of an era dominated by the tech he masters and shapes. He seems to have taken by force the baton from the Oracle of Omaha Warren Buffett. While … Read more

Buffett says market ‘almost totally a casino’ as it rallied in recent years

Buffett says market 'almost totally a casino' as it rallied in recent years

Warren Buffett on Saturday said US financial markets had become “almost totally a casino” as millions of new traders flooded into the financial system during the pandemic. The billionaire and chief executive of Berkshire Hathaway, speaking in Omaha to thousands of shareholders gathered for the company’s annual meeting, added that “extraordinary” activity had been “encouraged … Read more

Buffett invests big chunk of Berkshire Hathaway’s cash

Buffett invests big chunk of Berkshire Hathaway's cash

OMAHA, Neb. — Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Tens of thousands of investors packed an Omaha arena Saturday to listen to … Read more