According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …Read More »
The size of the text A pedestrian spotted an electronic stock board in Tokyo showing Nikkei 225 stock. Kyoshi Ota / Bloomberg Japanese stocks hit a 31-year high on Tuesday. Certainly, global markets are in a good mood as investors continue to rally for economic recovery. But the global economy …Read More »
Warren Buffett Gerard Miller | CNBC As the coronavirus epidemic weighed on its operating operating earnings and share prices, Berkshire Hathaway stepped up its stock recharging program in the third quarter, almost doubling the record buyback from the second quarter. Vernon Buffett’s organization bought back 9 billion dollars of its …Read More »
AP images; Steve Marcus / Reuters Samsung chairman Lee Kun-hee died Sunday at the age of 78. The boss of the South Korean group once considered Warren Buffett as a shareholder. Buffett, a billionaire investor and CEO of Berkshire Hathaway, has made “hundreds of millions” from a rare overseas bet …Read More »
Warren Buffett may have reduced his stake in Wells Fargo as the bank ignored his advice and appointed him Wall Street CEO.
Bill Pugliano / Stringer / Getty Images Bloomberg said War Run Buffett has cut its holdings in Wells Fargo because the bank’s board went against his advice and appointed the chief of New Street as its new CEO, Bloomberg said. Well-known investor and Berkshire Hathaway CEO told the Financial Times …Read More »