Snowflake Inc’s shares more than doubled in their New York Stock Exchange debut on Wednesday, a day after the Warren Buffett-backed data warehouse company raised more than $3 billion in the largest U.S. listing of the year thus far. Snowflake’s spectacular market debut reflects the hearty appetite for new stocks, as low interest rates drive … Read more
By Katherine Chiglinsky Warren Buffett’s eventual successor will often face the question, WWBD? What Would Buffett Do? Apparently he would keep expanding Berkshire Hathaway Inc.’s horizons any way he saw fit. That’s the freedom the chief executive officer, who just turned 90, is giving the next CEO with this week’s announcement of a $6 billion … Read more
By Katherine Chiglinsky Warren Buffett’s Berkshire Hathaway Inc. spent a record $5 billion buying back Berkshire’s own stock in the second quarter. Berkshire’s Class A shares, which fell in line with the S&P 500 in the first three months of the year as the pandemic spread in the US, fell another 1.7% last quarter while … Read more