Warren Buffett tells Bernie Sanders he won’t intervene in strike at Berkshire-owned company

Warren Buffett (R) talks with Mark Donegan, CEO of Precision Castparts, at the Precision Castparts booth in exhibit hall during the Berkshire Hathaway Annual Shareholders Meeting at the CenturyLink Center in Omaha, Nebraska, April 30, 2016. Ryan Henriksen | Reuters Warren Buffett will not intervene in a steelworkers strike at a company owned by his … Read more

Morgan Stanley picks ‘regional champions’ and stocks most pressured by the supply chain crisis

Cargo containers sit stacked on a ship on November 22, 2021 in Bayonne, New Jersey. Spencer Platt | Getty Images Morgan Stanley said most acute supply chain disruptions are already easing and will be more fully resolved within the first half of 2022.  That’s the base case the investment bank laid out in a recent … Read more

Cramer says he plans to own Costco for the long term. Here’s why

CNBC’s Jim Cramer said Friday he intends to own Costco for the long term because the wholesale retailer has the most valuable quality he looks for in stocks: pricing power. “Costco has the No. 1 most important quality in a great stock: This is a company with the ability to raise price at will,” the … Read more

Why GE and J&J may not be the only iconic companies about to break up

As iconic companies including GE and Johnson & Johnson pursue breakup plans, the “sum of the parts if greater than the whole” argument is getting a new workout from the market. nicodemos | E+ | Getty Images Everywhere you look in the market, across sectors, iconic companies are under pressure from activists to split up, … Read more

There’s a controversy over Charlie Munger’s design for a big dorm at UCSB

Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Charlie Munger’s architectural design for a new, large dormitory at the University of California, Santa Barbara is getting attention after an architect on the school’s Design Review Committee quit because he thinks it doesn’t include enough natural … Read more

Tesla took 12 years to build 100,000 cars. China’s Xpeng and Nio took about half that time

Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up Xpeng … Read more

As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy

Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven … Read more

Supply-chain delays and skyrocketing shipping costs hit Cort furniture leasing company hard

Containers are transferred from a truck to cargo ship at the international cargo terminal of a port in Hai Phong city on August 12, 2019. Nhac Nguyen | AFP | Getty Images Furniture rental company Cort is jumping through hoops to manage supply-chain delays and a sharp rise in shipping costs it began facing last … Read more

Warren Buffett says the pandemic has had an ‘extremely uneven’ impact and is not yet over

Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely uneven thing where… many … Read more

Aerion Supersonic shuts down, ending plans to build silent high speed business jets

Artist drawing of a supersonic jet designed to fly at speeds up to Mach 1.4 or approximately 1,000 miles per hour. Aerion Corporation Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice as fast as commercial aircraft, is shutting down, the company confirmed to CNBC on Friday. … Read more