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☆ First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
▼ + stars: | 2024-05-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

When Warren Buffett kicks off Berkshire Hathaway 's annual shareholder meeting on Saturday, the absence of Charlie Munger will be on everyone's mind. The annual meeting will be exclusively broadcast on CNBC and livestreamed on CNBC.com. For the first time, Berkshire will broadcast its annual meeting movie that had previously always been reserved only for those in attendance in Omaha. Vice Chairman of Non-Insurance Operations Greg Abel, Buffett's designated successor, will fill Munger's seat in the afternoon session, helping answer shareholder questions. "The tone of the meeting is certainly going to be a lot different without Charlie," said Steve Check, CEO of Check Capital Management and a longtime Berkshire shareholder.

Persons: Warren Buffett, Berkshire Hathaway, Charlie Munger, what's, Buffett's, David Kass, Munger, Greg Abel, Ajit Jain, Abel, Buffett, Charlie, Steve Check, Ajit, Greg Organizations: Berkshire, University of Maryland, CNBC, - Insurance, Buffett, Check Capital Management Locations: Omaha, Woodstock, Munger, Berkshire, CNBC.com

☆ Warren Buffett's Berkshire keeps new stock pick secret — again. Here's what it means
▼ + stars: | 2024-02-18 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

A new stock pick from the 93-year-old Buffett almost always leads some investors to follow suit, quickly moving the share price. Berkshire has been a longtime shareholder in credit rating agency Moody's , and bought a big stake in Citigroup in early 2022. The last financial stock Berkshire bought was Capital One Financial in the first quarter of 2023. If the new stake ever exceeds 5% of whatever stock it is, Berkshire would be required to report its holding with the SEC. Buffett might be asked to reveal the identity of the mystery stock at Berkshire's annual shareholder meeting in early May.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Todd Combs, Ted Weschler, Berkshire's, Goldman Sachs, David Kass, University of Maryland's Robert H, Jamie Dimon, Kass, there's Organizations: Berkshire, The Securities, Exchange, Chevron, Verizon, Apple, Buffett, Bank of America, American Express, Citigroup, Mastercard, Visa, JPMorgan, U.S . Bancorp, Bank of New York Mellon, University of Maryland's, Smith School of Business, outperforming Bank, SEC Locations: Omaha, Berkshire, McLean, Va, Wells, outperforming

Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. These transactions were eventually allowed to be completed, and the regulator has not sued to thwart an oil and gas production deal since 2000. The lawyers and experts interviewed said the FTC would face an uphill struggle in challenging Exxon's attempted acquisition of Pioneer. "The modern U.S. experience is that oil and gas deals of any notable size get a close look. It sued to block the merger and only agreed to drop its objections after BP offered to divest oil production acreage in Alaska.

Persons: Joe Biden, Janet Yellen, Leah Millis, producer's, Lina Khan, Andre Barlow, Doyle, Barlow, Mazard PLLC, Sheldon Whitehouse, William Kovacic, George Washington, consultancies Wood MacKenzie, David Kass, Diane Bartz, David French, Mike Stone, Greg Roumeliotis, Marguerita Choy Organizations: Treasury, White, REUTERS, Exxon Mobil, Natural Resources, Exxon, Pioneer, Reuters, Federal Trade Commission, Democratic, George, Companies, Activision, FTC, Atlantic, BP, RBC Capital Markets, Chevron, PDC Energy, University of Maryland, Thomson Locations: Washington , U.S, U.S, Atlantic Richfield, Alaska, West Texas, New Mexico, Rystad, Denver, Julesburg, Washington ,, Atlanta

☆ Warren Buffett, who turns 93, is at the top of his game as he pushes Berkshire Hathaway to new heights
▼ + stars: | 2023-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Berkshire shares have roared back to an all-time high on record operating profit, making it the biggest non-tech company by market capitalization. Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the "Oracle of Omaha" turned 93 Wednesday, his conglomerate is stronger today than it's ever been. Buffett likens the iPhone maker to a consumer products company and has said he is also attracted to its big buyback programs. "It's groundbreaking in the sense that I'm not aware of any prominent investor, hedge manager investing in Japan," Kass said. They touched on every top-of-mind topic for investors from the banking crisis to recession risks and even crypto.

Persons: David Kass, University of Maryland's Robert H, Buffett, Warren Buffett, Berkshire Hathaway, Greg Abel, Kass, Capital's Palihapitiya, Charlie Munger Organizations: University of Maryland's, Smith School of Business, Buffett, Berkshire, Mitsubishi, Mitsui, Sumitomo Locations: Berkshire, Omaha, Japan

☆ Warren Buffett's Berkshire Hathaway faces a brutal mix of economic headwinds. It will capitalize on the chaos, 8 experts say.
▼ + stars: | 2023-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +10 min

Berkshire Hathaway faces high inflation, rising rates, and a potential recession and credit crunch. Warren Buffett's company will weather the storm and scoop up the bargains that emerge, experts say. Experts say Berkshire's ample cash reserves, strong brands, and prudent management will enable it to comfortably navigate a harsh economic environment. "Shareholders who plan on holding Berkshire for years into the future should hope for a near-term bear market in stocks. Brian Gongol, longtime Buffett follower and Berkshire shareholder:"It's better to be in Berkshire's shoes during challenging times than during a boom.

☆ Warren Buffett’s must-read annual letter arrives Saturday. Here’s what to expect from the investing legend
▼ + stars: | 2023-02-24 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Andrew Harnik | APWarren Buffett's loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging. He believed that when interest rates are high, it could be a major "gravitational pull" on values. "We have a roughly 15-year period of abnormally and historically low interest rates. "Interest rates are the main determinant of equity prices, to quote Buffett, so I think I'm looking for and expecting a discussion on interest rates." "Private equity and others who are thinking of making acquisitions would have to go into the market to borrow [at] higher interest rates.

☆ Canaccord's management seeks to acquire firm in C$1.13 bln deal
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

The offer price of C$11.25 per share marks a 31% premium to the Canaccord stock's last close. In prior talks with the management group, the committee had said it would not support an offer of C$11.25 per share, based on preliminary analysis. After discussion with company Chief Executive Officer Daniel Daviau, the shareholder said it would support a go-private deal. Funds affiliated with investment firm HPS Investment Partners have agreed to partially fund the deal through a C$825 million debt, Canaccord said. Canaccord offers wealth management, investment banking and broker research services.

☆ How Elon Musk’s Twitter Faces Mountain of Debt, Falling Revenue and Surging Costs
▼ + stars: | 2022-11-21 | by ( Mark Maurer | ) www.wsj.com time to read: +10 min

Elon Musk says his $44 billion Twitter takeover might result in a bankruptcy filing. To make the deal work, Mr. Musk has been trying to add subscription revenue and reassure advertisers about the platform’s future. What’s more, the company’s debt stack now includes floating-rate debt, meaning that interest costs are set to rise as the Federal Reserve continues to increase interest rates. Twitter’s credit ratings, which were below investment grade before the transaction with Mr. Musk, have deteriorated further. For that, Mr. Musk would need to persuade potential investors that he has a viable long-term business plan, he said.

☆ Warren Buffett's 91st year marked by a huge focus on Berkshire Hathaway's energy empire
▼ + stars: | 2022-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett turns 92 on Tuesday, having spent the past year expanding further his Berkshire Hathaway energy empire, making a classic value investor's bet. Plus, many energy stocks have found themselves with torrents of cash flow since the economy reopened following Covid lockdowns. "All of this just sounds like the perfect Berkshire Hathaway stock." If Berkshire continues to ramp up its Occidental investments and makes the position a controlling one, it probably reflects the influence of Greg Abel, Buffett's likely successor who has been leading the conglomerate's energy unit Berkshire Hathaway Energy. Berkshire acquired MidAmerican Energy in 1999, and Abel became CEO of MidAmerican Energy in 2008, six years before it was renamed Berkshire Hathaway Energy in 2014.

☆ Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger
▼ + stars: | 2022-04-29 | by ( Yun Li | ) www.cnbc.com time to read: +6 min

Warren Buffett at Berkshire Hathaway's annual meeting in Los Angeles California. Here are some of the big topics shareholders will want to hear from Buffett: Market outlook: The stock market has suffered a correction on fears of inflation and rising rates. The stock market has suffered a correction on fears of inflation and rising rates. A slowdown in buybacks: With Berkshire shares significantly outperforming, will Buffett cease or slow down his aggressive buyback program? With Berkshire shares significantly outperforming, will Buffett cease or slow down his aggressive buyback program?

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