Why Warren Buffett Bought Paramount, Not Netflix, Stock

Text size Paramount + has about 62 million subscribers. Valerie Macon / AFP via Getty Images Older viewers love CBS, but I’m guessing Warren Buffett did not just drop $ 2.6 billion on network parent shares Paramount Global because he’s a big fan of NCIS: Hawaii. He might be betting that investors have got show … Read more

The Stock Market Is Taking a Beating. It Won’t End Soon.

Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt / Getty Images Uncertainty on several fronts and a fast-changing world — economically, geopolitically, and otherwise — yields known knowns, known unknowns, and … Read more

Rates Are Rising and Stocks Are Taking a Beating. It Won’t End Soon.

Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt / Getty Images Uncertainty on several fronts and a fast-changing world — economically, geopolitically, and otherwise — yields known knowns, known unknowns, and … Read more

Berkshire Hathaway: Live Coverage of the Annual Shareholders Meeting

OMAHA, Neb. — The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and … Read more

Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed

Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $ 51.1 billion worth of equities in the quarter, according to the company’s 10-Q filing. Among the purchases were billions of dollars worth of Chevron (ticker: CVX) and Occidental Petroleum (OXY). Berkshire also … Read more