Warren Buffett. Getty Images / Drew Anger Pope Francis Vernon Buffett argues that free markets cannot address growing inequality. Pontiff said in a letter to the bishops of the Catholic Church over the weekend that “magical principles” such as trickle-down economics would not solve all of society’s problems. Buffett argued …
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President Donald Trump and Warren Buffett. Scott Olson / Getty Images; CBS News President Donald Trump claimed in 2016 that Warren Buffett used past business losses to reduce his federal income tax bill. Billionaire investors responded that they have paid federal income tax every year since 1944 and have contributed …
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Bill Pugliano / Getty The 5 70,570 million bet on Berkshire Hathaway’s Snowflake shows that CEO Werner Buffett has full confidence in his two portfolio managers, Todd Kombs and Ted Wessler, a fund manager says. “Buffett has given his lieutenants full agency,” Jack Taylor, CEO of Farnam Street Investments and …
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AP Images Warren Buffett’s Berkshire Hathaway on Sunday announced a 5% stake in five Japanese trading houses. Itochu, Marubeni, Mitsubishi, Mitsui, And Sumitomo’s combined was 9 96.9 billion as of Wednesday’s close. Billionaire investors may have been fascinated by their frustrated appraisals and sporadic operations, and may have seen them …
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Text size A Tesla car in Germany in 2015. Getty Images The day has arrived. Stock in the pioneer for electric cars Tesla divides 5 by 1 after the market closes for trading. Tesla (ticker: TSLA) shares will open on Monday at about $ 450-one-fifth of where the stock is …
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