Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn’t plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%. “There’s speculation about us buying control, we’re not going to buy control,” the ‘Oracle of…

OMAHA, Neb. — Warren Buffett struck a pessimistic tone about Berkshire Hathaway‘s myriad of businesses on Saturday, saying he expects an earnings decline in light of an economic slowdown. “In the general economy, the feedback we get is that, I would say, perhaps the majority of our businesses will actually report lower earnings this year…

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. Warren Buffett on Saturday boiled down value investing, the strategy that has helped him amass his wealth, in one sentence. “What gives you opportunities is other people doing dumb things,” the “Oracle of Omaha” said at Berkshire Hathaway‘s annual shareholder’s meeting. Value investing typically refers…

Shareholders watch Warren Buffett and Charlie Munger from the overflow room during the Berkshire Hathaway annual meeting on Saturday, May 6, 2023, in Omaha, Neb. Rebecca H. Gratz | AP Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon…

This dividend-paying ETF may help protect investors during wild market swings. Capital Wealth Planning’s Kevin Simpson is recommending to clients the Amplify CWP Enhanced Dividend Income ETF (DIVO), which focuses on blue-chip companies likely to increase future dividends. “We want strong, powerful dividend growth,” the firm’s chief investment officer Kevin Simpson told “ETF Edge” on…

Earnings for Warren Buffett’s Berkshire Hathaway jumped in the first quarter, thanks in part to a rebound in the conglomerate’s insurance business. Operating earnings, which encompass profits from the conglomerate’s fully-owned businesses, totaled $8.065 billion in the first quarter. That’s up 12.6% from $7.16 billion a year prior. Profit from insurance underwriting came in at…

People at the See’s Candies display at the Berkshire Hathaway Shopping Day event, May 5, 2023. David A. Grogan | CNBC Berkshire Hathaway‘s annual shareholder meeting this weekend is kicking off with a shopping extravaganza. Called the “Berkshire Bazaar of Bargains,” the shopping event is a tradition at the yearly convention. With over 20,000 square…

Market Movers rounded up the best reactions from investors and analysts on Apple ‘s financial results. The experts, including Jim Cramer , discussed the tech giant. Apple’s shares popped more than 4% Friday, a day after the iPhone maker posted fiscal second-quarter earnings and revenue that beat expectations. Despite the beat, overall sales fell for…

Customers shop at an Apple store on November 28, 2022 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading. Carvana – The used car retailer saw shares surge 28% after the company said it expects to achieve positive adjusted profit during the second quarter of this year, which would…

Pedestrians walk passed signage at Cigna headquarters in Bloomfield, Connecticut. Michael Nagle | Bloomberg | Getty Images Check out the companies making the biggest moves premarket: Cigna — Cigna gained 3% in premarket trading after beating top- and bottom-line estimates for its latest quarter and raising its full-year forecast. Cigna’s results got a boost from…