By Katherine Chiglinsky Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot. “It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their … Read more
By Katherine Chiglinsky Warren Buffett conceded that a better-than-expected economic recovery from the pandemic made the timing of some Berkshire Hathaway Inc. moves last year — including its decision to drop some airline stocks — more fraught. Berkshire ended up dumping the stocks of four major U.S. airlines as the pandemic bore down on the … Read more
Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc. Speaking at Berkshire’s annual meeting, Buffett said the economy has been “resurrected in an extraordinarily effective way” by monetary stimulus from the Federal Reserve and fiscal … Read more
MUMBAI: Billionaire investors Warren Buffett and Charlie Munger took a swipe at the ongoing trend of investors demanding companies to disclose more information on ESG (environment, social and governance) metrics. The veteran investors, who were speaking at the annual general meeting of Berkshire Hathaway held virtually from Los Angeles, took a dig at the green … Read more
OMAHA: Hours before Warren Buffett was set to take the stage at Berkshire Hathaway‘s annual meeting, the company on Saturday reported a nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic. Berkshire Hathaway said it earned $11.7 … Read more