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☆ Before and after images reveal extent of tornadoes’ destruction
▼ + stars: | 2024-04-29 | by ( Eric Zerkel | Paul P. Murphy | ) edition.cnn.com time to read: +3 min

Vexcel Imaging Vexcel Imaging Tornado damage in Elkhorn, Nebraska Vexcel ImagingThe storm then tracked north and east toward Omaha, spawning a tornado that ripped through its western suburbs. Vexcel Imaging Vexcel Imaging Tornado damage in Elkhorn, Nebraska Vexcel ImagingFreshly built homes in a new neighborhood were reduced to piles of timber. Vexcel Imaging Tornado damage to an airport hangar at Omaha's Eppley Airfield Vexcel ImagingThe storms kept going into Iowa. Tornado damage is seen in Minden, Iowa, Saturday, April 27, 2024. At least four people were killed in Oklahoma, all in places hardest-hit by tornadoes: Sulphur, Holdenville and Marietta.

Persons: upending, Adam Lucio, Eppley, Cody Scanlan, Bryan Terry, Rebekah Riess Organizations: CNN, American Heartland, Oklahoma, Travelers, USA Locations: Lincoln , Nebraska, Elkhorn , Nebraska, Omaha, Elkhorn, Omaha’s, Omaha , Nebraska, Iowa, Minden, Pottawattamie County, Texas , Nebraska , Iowa , Kansas, Missouri, Minden , Iowa, Sulphur, Oklahoma, Holdenville, Marietta, Sulphur , Oklahoma

☆ Warren Buffett’s Berkshire Hathaway sells off some Apple stock
▼ + stars: | 2024-02-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Warren Buffett’s Berkshire Hathaway sold off 10 million shares of Apple stock in the final three months of 2023, representing about 1% of its holdings in the company. Berkshire still owns more than 905 million shares of the company, worth about $174 billion. That represents 6% of all Apple shares and one-fifth of Berkshire’s entire portfolio. Shares of Berkshire Hathaway were 0.7% higher. More to comeFilings also showed that Berkshire sold 80 million shares of printer company HP in the fourth quarter of 2023, reducing its holdings by 78%.

Persons: New York CNN — Warren, Berkshire Hathaway, ”, Buffett, ” he’s, “, Tim Cook, Charlie Munger Organizations: New, New York CNN, Apple, Oracle, Securities and Exchange Commission, Berkshire, Apple Apple, HP, Paramount Locations: New York, Omaha, Berkshire, China

☆ Warren Buffett pays for Indian payments punt
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsMUMBAI, Nov 27 (Reuters Breakingviews) - Berkshire Hathaway’s (BRKa.N) foray into the digital payments industry in India did not go well. Warren Buffett’s investment firm on Friday sold its remaining shares in $7 billion Paytm, some five years after making its initial investment, locking in a more than 20% loss, per Breakingviews calculations. But Berkshire only invested $260 million, barely a blip next to its $700 billion-odd of assets at the time. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Warren Buffett, Rick Wilking, Warren, –, Vijay Shekhar Sharma’s, it’s, Antony Currie, Katrina Hamlin Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Rights, Reuters, Berkshire, X, Thomson Locations: Omaha , Nebraska, Rights MUMBAI, Berkshire, India, Una, China, Rome

☆ Warren Buffett flaunts his green investment thumb
▼ + stars: | 2023-07-17 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, July 17 (Reuters Breakingviews) - How does Warren Buffett allocate capital? Buffett noted a few years ago how electric utilities need a “massive makeover” involving costs that would chew up BHE’s earnings for decades. Natural gas will also become increasingly important as a backup fuel. Unlike most utilities, BHE doesn’t have to pay a dividend – and neither does Berkshire, because of the faith investors have in the $750 billion company. This frees up capital, giving Buffett an edge where capex and acquisitions are concerned.

Persons: Warren Buffett, Buffett, Greg Abel, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Berkshire Hathaway Energy, Dominion, Chevron, Occidental Petroleum, Twitter, Dominion Energy, Brookfield Infrastructure Partners, Thomson Locations: Berkshire, Brookfield

☆ Opinion | A Tragedy in Omaha
▼ + stars: | 2023-05-06 | by ( Joe Sexton | ) www.nytimes.com time to read: +1 min

OMAHA — By nightfall on May 30, 2020, Jake Gardner was inside his nightclub in Omaha’s Old Market district. Crowds were descending on the city’s downtown during a third consecutive night of Black Lives Matter protests. After service, he eventually returned to Omaha and ran one of the city’s popular downtown bars. It had been closed for weeks amid the initial outbreak of the coronavirus pandemic, and Mr. Gardner had been bleeding losses. He was one of two dozen siblings, raised in North Omaha, a largely Black and poor corner of the city.

☆ Warren Buffett’s greatest hits lose their verve
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 27 (Reuters Breakingviews) - After writing bangers for decades, it makes sense to keep playing them over and over. Warren Buffett mostly trotted out his greatest hits over the weekend in his latest annual letter to Berkshire Hathaway (BRKa.N) shareholders. It’s a testament to Buffett’s proven ability to ride out economic storms, even though the $670 billion company’s size makes it ever harder to outperform the market. Buffett’s missive accompanying the financial results was among his shortest, at fewer than 3,500 words, in nearly 60 years of writing them. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Crypto just had an awful week
▼ + stars: | 2023-01-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It’s the kind of negative press that the crypto faithful want to either ignore completely or denounce as a fringe, one-off scandal. But crypto is a tight-knit web, and when one corner collapses it puts the whole lot at risk. And we’re not done yet…Also this week:Coinbase, a publicly traded US crypto platform, agreed to a $100 million settlement after a New York regulator found “significant failures” to comply with the state’s anti-money-laundering laws. Bottom line: I’m not here to write crypto’s obit, and I am well aware that there are plenty of legitimate crypto enterprises out there. But no one within crypto agrees on what those regulations should look like, and some dispute the need for regulation in the first place.

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