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Search resuls for: "Warren Buffett REUTERS"


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In today's big story, we're looking at the reshuffling of top executives at two of the biggest US banks . Viswas Raghavan, JPMorgan's top dealmaker, has joined Citi as its head of banking and executive vice chair, reporting directly to CEO Jane Fraser. The move is a big deal, but even more shocking since Raghavan was just promoted to be the sole head of JPMorgan's deals business. Since high interest rates aren't stopping stocks from reaching record highs, cuts might not come at all this year , according to analyst Jim Bianco. Market vet Ed Yardeni said interest rates are actually in a sweet spot for stocks, similar to the late '90s.
Persons: Viswas Raghavan, Jane Fraser, Raghavan, Filippo Gori, Doug Petno, Insider's Reed Alexander, Patrick T, Fallon, Fraser, Merrill Lynch, Andy Sieg, Warren Buffett, Warren, Berkshire Hathaway's, Jim Bianco, Ed Yardeni, Gemini, Demis Hassabis, Long, Alyssa Powell, they've, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock Organizations: Citi, JPMorgan, Warren, Warren Buffett REUTERS, Chip, Berkshire, Buffett, Research, Wall, BI, Google, eBay Locations: Bronx, Gori, Rivian, New York, London
First, let's check in with Warren Buffett. Warren Buffett REUTERS/Rick Wilking1. Few people would argue with you if you said Warren Buffett is the greatest investor of all time. Fewer still would challenge anyone who claimed Berkshire Hathaway was one of the most resilient companies of all time. Is there any other company or conglomerate better poised to navigate uncertainty than Berkshire Hathaway?
Berkshire Hathaway's latest annual report illustrates that the company has deployed nearly $90 billion in investments since 2020. In 2020, Buffett and co. had spent a then-unprecedented $25 billion on stock buybacks, and set a new record of $27 billion in 2021. But even after all that, Berkshire still ended last year with $129 billion in cash and short-term investments. Fundstrat expects the stock market to see its strongest rally of the year soon. Avoiding a recession would actually be bad news for the stock market.
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