Finance

Berkshire shares jump after big profit gain as Buffett’s conglomerate nears $1 trillion valuation

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway shares rose on Monday after Warren Buffett’s conglomerate posted strong earnings for the fourth quarter over the weekend. Berkshire class B shares jumped 2.3% in premarket trading, set to add to their 17%…

Finance

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based…

Finance

Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect of today’s Berkshire Hathaway. In his must-read annual letter Saturday, the 93-year-old “Oracle of Omaha”…

Finance

Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record

Warren Buffett ahead of the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in its insurance business, while its cash pile expanded to record levels. The Omaha-based conglomerate posted operating earnings…

Finance

Stocks making the biggest moves midday: Warner Bros. Discovery, Rivian, Block, Live Nation and more

Check out the companies making headlines in midday trading. Warner Bros. Discovery — Shares dropped 10% after the media conglomerate posted disappointing fourth-quarter results and failed to give 2024 free cash flow guidance. Warner Bros. Discovery reported a loss of 16 cents per share on revenue of $10.28 billion. Analysts polled by LSEG, formerly known…

Finance

Stocks making the biggest moves premarket: Block, Live Nation, Carvana, Booking Holdings & more

Check out the companies making headlines before the bell. Intuit — The stock slipped 1% after the financial software company issued weaker-than-expected earnings guidance for the fiscal third quarter. Live Nation Entertainment — Shares of the entertainment platform popped nearly 5% following a fourth-quarter revenue beat. Revenue came in at $5.84 billion, higher than the…