Warren Buffett

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Have a Cherry Coke, Get a Warren Buffett Smile

Billionaire's face is being used on Cherry Coke cans in China

(Newser) - Amazon's Jeff Bezos may have knocked Warren Buffett into third place on the world's richest people list, but only one of them has been deemed worthy of gracing Cherry Coke cans in China—and it's not Bezos. For a limited time, Coca-Cola is splashing Buffett's mug...

There's Now Only One Person Richer Than Jeff Bezos

He shut down rival's firm, gained $1.5B on same day

(Newser) - Amazon.com founder Jeff Bezos made a fortune on top of his existing fortune Wednesday and finished the day as the second-richest person on the planet. His company's share price surged $9 billion after its purchase of Middle Eastern e-commerce site Souq, adding $1.5 billion to Bezos' personal...

Buffett Has Bought $12B in Stocks Since Trump Win

He's now world's 2nd-richest man

(Newser) - Warren Buffett didn't want Donald Trump to be president—but the Berkshire Hathaway chief didn't get rich by ignoring investment opportunities. In a recent interview with Charlie Rose , the billionaire revealed that his company has invested more than $12 billion in stocks since Trump won the election, more...

Buffett to Trump: You're Wrong About My Taxes

'I have paid federal income tax every year since 1944, when I was 13'

(Newser) - Donald Trump defended his avoidance of taxes during Sunday night's debate and said that many of Hillary Clinton's big donors—including Warren Buffett—used the same technique. On Monday, however, Buffett fired back that Trump doesn't know what he's talking about. "I have paid federal...

Buffett Issues Challenge to Trump
Buffett Issues
Challenge to Trump
Aug 2, 2016 1:07 AM CDT

Buffett Issues Challenge to Trump

'Have you no decency, sir?'

(Newser) - Warren Buffett has challenged Donald Trump over the candidate's refusal to release his tax returns , saying he will meet him "anytime, anyplace" and bring his own income tax return along. The Berkshire Hathaway CEO—whose fortune dwarfs that of Trump—told a Hillary Clinton rally in Omaha, Neb....

Buffett's Rare Tech Foray Gives Boost to Apple

Turns out the Oracle of Omaha owns $1B in Apple stock

(Newser) - Apple is having a good day, its stock rising about 3% after a slump blamed on slowing iPhone sales. The reason for the uptick? Look to Warren Buffett, whose Berkshire Hathaway company shrugged off a general aversion to tech stocks and disclosed a $1.1 billion stake in Apple, reports...

2 Big Names Join Forces in Bid to Buy Yahoo

Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett

(Newser) - The second round of bidding for Yahoo is underway, and a couple of bidders are getting an outsize amount of attention: what the New York Times terms the "unusual" pairing of Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett. (Though maybe not so unusual: CNBC reports the...

Buffett: Candidates Wrong About the Economy

They're exaggerating how bad it is, he complains

(Newser) - The US economy is in better shape than the presidential candidates make it seem, investor Warren Buffett said Saturday. In his annual letter to Berkshire Hathaway shareholders, Buffett didn't name specific candidates or issues, but noted that the negative drumbeat about the economy, health care reform, and income inequality...

Fatal Crashes Are Surging; Buffett Says He Knows Why

It's not just about more cars on the road, he insists

(Newser) - If automobiles are constantly improving, why are traffic deaths going up? Warren Buffett thinks he knows. Fatal accidents surged 14% in the first half of the year, and one of the consequences of that is that Geico lost money and is now raising insurance premiums. Buffett's Berkshire Hathaway owns...

On al-Qaeda's New Hit List: Bill Gates, Warren Buffett

And other 'economic personalities' targeted in magazine article

(Newser) - On the eve of the 14th anniversary of 9/11, a group of what al-Qaeda is calling "economic personalities" and "wealthy entrepreneurs" has been labeled as being in the terror organization's sights. The list appears in its latest issue of Inspire and includes names like Bill Gates, Warren...

Investigation: Warren Buffett Firm Preys on Poor People

His mobile-home company traps buyers in pricey loans, says Seattle Times piece

(Newser) - Warren Buffett's image as an avuncular business genius who has all-American interests at heart might take a hit after a scathing investigation by the Seattle Times and the Center for Public Integrity . It alleges that Clayton Homes, a giant in the mobile-home industry owned by Buffett's Berkshire Hathaway,...

Is Buffett's Firm Dropping Hints About a Successor?

Annual online letter mentions 2 names

(Newser) - Warren Buffett released his annual letter to shareholders today, and the much-anticipated report has the usual good things to say about the future of his Berkshire Hathaway. But given that Buffett is 84 and has been in charge for 50 years now, business types are anxious to hear about a...

Buffett Snaps Up Duracell in $3B Deal

Berkshire Hathaway buys battery business from P&G

(Newser) - Warren Buffett's Berkshire Hathaway Inc. is buying Duracell from Procter & Gamble in a deal valued at approximately $3 billion. Berkshire has been a significant P&G shareholder since the consumer products firm acquired Gillette in 2005, but the Duracell acquisition will use nearly all of Berkshire's 52....

Buffett's Son Buys Rosa Parks Items, Will Donate Them

Collection includes hat she may have worn on famous bus ride

(Newser) - One lucky museum will be getting a treasure trove in the form of hundreds of items belonging to civil rights icon Rosa Parks. A foundation run by Howard Buffett, son of Warren, has purchased the items—including a postcard from Martin Luther King Jr. and a hat Parks may have...

Buffett Breaks His Own Donation Record

He slips down rich list with $2.8B giveaway

(Newser) - Warren Buffett has beaten a personal record—and slipped down a place to fourth on the Forbes list of the world's richest people—with a gift of shares worth $2.8 billion to the Bill and Melinda Gates Foundation and several other charities, topping his record $2.6 billion...

Buffett Will Give You $1B for Perfect NCAA Bracket

He backs contest offered by Quicken Loans

(Newser) - A math professor at DePaul once figured out that the odds of picking every game correctly in the NCAA March Madness bracket is 1 in 128 billion, notes Yahoo Sports . (And that assumes basketball knowledge.) If those odds aren't too daunting, then Warren Buffett has just the contest...

Warren Buffett Made $10B Saving the Big Banks

Berkshire has made almost 40% on financial crisis buys

(Newser) - In the midst of the financial crisis, pretty much nobody wanted to buy into the big banks—except Warren Buffett. The Berkshire Hathaway maestro bought in big to flailing giants like Goldman Sachs and General Electric. The Wall Street Journal checked in on those investments, and found that so far...

America's Richest Got $800M Richer Last Year

And more facts and figures from the Forbes 400 list that will make you sad

(Newser) - Forbes has dropped its annual Forbes 400 list, full of names and numbers to make you feel even worse about the state of your bank balance. Some highlights:
  • With a net worth of $72 billion, Bill Gates is once again the richest person in America, now holding the top spot
...

You Can Help Buffett's Sister Give Away $100K

Online philanthropy course begins today

(Newser) - A free online course that starts today will offer students the chance to learn about giving from Warren Buffett and help decide how to spend more than $100,000 of his sister's money. More than 4,000 people have already signed up for the Giving With Purpose course, which...

Meet Warren Buffett's Righthand Woman, Age 28

Tracy Britt is already one of the most influential woman at Berkshire Hathaway

(Newser) - Prepare to feel inadequate. Tracy Britt is 28 years old. She grew up on a farm in Kansas. And she's one of Warren Buffett's top lieutenants. Four years after she was hired fresh out of Harvard Business School to be Buffett's financial assistant, she is now the...

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