Shares of HP Inc. jumped nearly 18% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire.
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It may not be the “elephant-sized” deal that Warren Buffett has long promised, but Berkshire Hathaway is making its biggest acquisition in years: it’s buying insurer Alleghany for $11.6 billion in cash.
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Warren Buffett’s Berkshire Hathaway reported a nearly $40 billion profit in the fourth quarter, up more than 10% from the same period of 2020. Profits more than doubled for the full year, to just shy of $90 billion. Here’s an update on the empire.
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Warren Buffett, the ninth-richest person on the planet, says it’s not up to him to settle a strike by 450 steelworkers at a company he owns. Here’s a breakdown on what’s happening.
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Warren Buffett’s Berkshire Hathaway, like the rest of Corporate America, had a miserable first half of 2020 due to the Covid-19 pandemic. But as the stock market and economy has rebounded, so have the fortunes of the Oracle of Omaha’s massive conglomerate.
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Warren Buffett has resigned from his trustee position at the Bill and Melinda Gates Foundation, the 90-year-old investor announced Wednesday. He also pledges to give away $4.1 billion of his fortune.
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Warren Buffett’s ability to pick investments that pay off over the long term has transformed him into a billionaire and made him the world’s most famous investor. But as the planet heats up, his positions on the climate look increasingly short-sighted.
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Warren Buffett said Monday that Greg Abel, the head of Berkshire Hathaway’s non-insurance business, will be his successor — although Buffett gave no indication that he will give up the top job at the conglomerate anytime soon.
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“Some insurers, as well as other bond investors, may try to juice the pathetic returns now available by shifting their purchases to obligations backed by shaky borrowers,” Warren Buffett says.
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