Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama / Getty Images Bank stocks have gotten hit as concerns about the US economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P … Read more

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

Warren Buffett Is Buying Stock Again. What It Means for the Stock Market.

Text size Berkshire Hathaway CEO Warren Buffett has recently made big bets on Chevron and Occidental Petroleum, along with other stocks. Drew Angerer / Getty Images Warren Buffett sat out much of the post-Covid-19 selloff to the detriment of Berkshire Hathaway shareholders. But in the first quarter of 2022 — with stocks once again falling … Read more

Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft’s proposed acquisition of the video game company will close. Berkshire now owns about 9.5% of Activision shares, Buffett said at the company’s annual shareholder meeting. “Occasionally I’ll see an arbitrage deal and … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more