Warren Buffett has cultivated a public persona that may not match reality, Tesla CEO Elon Musk told the New York Times. The Berkshire Hathaway billionaire investor and CEO “managed to create a great image of himself as a lovable grandfather, which may overstate the case,” Musk said. Musk said he …
Read More »
Berkshire Hathaway now owns 981.6 million Bank of America shares worth around $ 24 billion. Houston Cofield / Bloomberg Text size Bank of America is Warren Buffett’s favorite bank. Berkshire Hathaway (ticker: BRK.B) collected 33.9 million shares last week, paying around $ 810 million, or an average price of around …
Read More »
Treasury Secretary Steven Mnuchin says the Trump administration’s goal is a stable US dollar, while, separately, he notes that some foam is seeping into the stock market that has risen from its coronavirus lows to end of march. “ “Clearly there are some individual stocks, I’m not going to mention …
Read More »
Tesla shares rose as much as 5.8% in pre-market trading on Wednesday after the company posted fourth consecutive quarter earnings. Elon Musk’s electric car company reported $ 104 million in net revenue, a big improvement from its $ 408 million loss in the second quarter of 2019. Tesla is now …
Read More »
Warren Buffett disbursed more than $ 800 million in Bank of America shares this week. The billionaire investor and Berkshire Hathaway chief bought nearly 34 million shares, raising his stake in the bank to approximately 11.3%, SEC filings show. Bank of America shares have fallen 32% this year, suggesting that …
Read More »