Bad Time for Markets Has Been Good for Brokerages

It was a tough quarter for small investors in stocks. But for shares of mass-market advisers and brokerages, it was pretty great. Shares of online brokerage providers such as Charles Schwab, SCHW 1.86% Interactive Brokers Group IBKR -0.33% and Robinhood Markets were all up by double digits in the third quarter, as were brokers providing … Read more

Buffett’s Likely Successor Buys $68 Million of Berkshire Stock

Berkshire Hathaway Vice Chairman Greg Abel, the likely successor to CEO Warren Buffett, bought about $68 million of the company’s shares last Thursday in what appears to be his first purchases of Berkshire stock since he assumed the position in 2018. In several Form 4 filings Monday with the Securities and Exchange Commission, Abel disclosed … Read more

Don’t buy Occidental stock, analyst says, because Warren Buffett is buying

Shares of Occidental Petroleum Corp. continued to outperform its peer group and the broader stock market on Thursday, after the oil- and gas-production company disclosed that Warren Buffett’s Berkshire Hathaway Inc. keeps buying. But JPMorgan analyst John Royall said Buffett’s involvement is actually a good reason not to buy Occidental’s stock. The stock OXY, -1.06% … Read more

Billionaire Berkshire Board Member David Gottesman Dies at 96

David “Sandy” Gottesman, a Berkshire Hathaway board member, billionaire and longtime friend of Warren Buffett, died Wednesday at 96. In 1964, Gottesman founded the New York investment firm First Manhattan, which announced his death on its website.

Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip

A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 million shares of Occidental Petroleum (OXY), a 20.2% stake. Berkshire has accumulated that interest this year, with its last purchases coming in early August.

Berkshire Hathaway Inc. Cl B stock outperforms market on strong trading day

Shares of Berkshire Hathaway Inc. Cl B BRK.B, +0.44% inched 0.44% higher to $265.47 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.21% falling 0.21% to 3,647.29 and Dow Jones Industrial Average DJIA, -0.43% falling 0.43% to 29,134.99. The stock’s rise snapped … Read more

Amazon, Berkshire Hathaway Could Be Among Top Payers of New Minimum Tax

Researchers at the University of North Carolina Tax Center analyzed securities filings to determine what companies would have paid if the tax had been in place last year. They found fewer than 80 publicly traded US companies would have paid any corporate minimum tax in 2021, and just six—including Amazon and Warren Buffett’s conglomerate—would have … Read more

Berkshire Hathaway Inc. Cl B stock falls Wednesday, underperforms market

Shares of Berkshire Hathaway Inc. Cl B BRK.B, -2.31% slipped 2.31% to $270.74 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.71% falling 1.71% to 3,789.93 and Dow Jones Industrial Average DJIA, -1.70% falling 1.70% to 30,183.78. This was the stock’s second … Read more

Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.

Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ‘s investment success at the company’s annual meeting in April, CEO Warren Buffett said Berkshire is often early. He pointed to the company’s large equity purchases in … Read more

Berkshire Looks Like a Loser with 3 Big Buys

Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ‘s investment success at the company’s annual meeting in April, CEO Warren Buffett said Berkshire is often early. He pointed to the company’s large equity purchases in … Read more