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For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.

Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain

☆ Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
▼ + stars: | 2024-05-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +9 min

That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.

Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S

☆ Berkshire Hathaway conference could be bullish for its portfolio, says Jim Cramer
▼ + stars: | 2024-05-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire Hathaway conference could be bullish for its portfolio, says Jim Cramer'Mad Money' host Jim Cramer looks ahead to next week's market game plan.

Persons: Berkshire Hathaway, Jim Cramer Organizations: Berkshire

☆ Berkshire Hathaway’s big mystery stock wager could be revealed soon
▼ + stars: | 2024-05-03 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway , led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identity of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday at the company's annual shareholder meeting in Omaha, Nebraska. So the 93-year-old Berkshire CEO may decide to explain his rationale to the thousands of investors flocking to the gathering. The bet, shrouded in mystery, has captivated Berkshire investors since it first appeared in disclosures late last year. Under Buffett, Berkshire has trounced the S&P 500 over nearly six decades with a 19.8% compounded annual gain, compared with the 10.2% yearly rise of the index.

Persons: Berkshire Hathaway, Warren Buffett, Buffett, —, Bill Stone Organizations: Glenview Trust Co, Buffett Locations: Berkshire, Omaha , Nebraska, U.S, Glenview

☆ Most of Warren Buffett’s wealth was accumulated after age 65. Here’s what that can teach individual investors
▼ + stars: | 2024-05-03 | by ( Lorie Konish | ) www.cnbc.com time to read: +1 min

"His skill is investing, but his secret is time," Morgan Housel wrote in the bestselling business book, "The Psychology of Money." To that point, 99% of Buffett's net worth was accumulated after he was 65 years old, Housel said during a 2022 interview with CNBC. That's up substantially from the $84.5 billion net worth Buffett had at the time Housel's book was published in 2020. Most of that wealth came in Buffett's later years, Housel wrote, with $84.2 billion after he turned 50 and $81.5 billion after he turned 65. "The trick is to have a very long hill, which means starting very young or living … to be very old," Buffett said.

Persons: Warren Buffett, Berkshire Hathaway, Morgan Housel, Housel, Buffett Organizations: Berkshire, Berkshire Hathaway, CNBC Locations: Omaha , Nebraska, Buffett's

☆ Buy 'undervalued' Berkshire Hathaway shares ahead of 'Woodstock for Capitalists,' says CFRA
▼ + stars: | 2024-05-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Before billionaire investor Warren Buffett takes the stage at Berkshire Hathaway's annual meeting on Saturday, investors may want to scoop up some of his stock, according to CFRA. "CFRA believes Berkshire Class B shares are undervalued versus historical averages, and we expect improved claim trends at GEICO and strong reinsurance results will provide the shares with a catalyst for continued outperformance," analyst Catherine Seifert wrote in a note Thursday. BRK.B 1Y mountain Berkshire Hathaway year to date Her $472 price target on class B shares suggest nearly 18% upside from Thursday's close. The meeting in Omaha, Nebraska, has been dubbed "Woodstock for Capitalists" thanks to the tens of thousands of investors who flock to hear Buffett speak. During the Q & A session, Seifert expects topics to include succession planning, given Charlie Munger's recent passing and Buffett's age, and its strategies on Geico, energy and acquisition.

Persons: Warren Buffett, CFRA, Catherine Seifert, Buffett, Seifert, Charlie Munger's Organizations: Berkshire Hathaway's, Berkshire Class, Berkshire Hathaway Locations: Omaha, Berkshire, Omaha , Nebraska, Woodstock

☆ Key focus for Berkshire's meeting this year will be succession plans, says Chris Marangi
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey focus for Berkshire's meeting this year will be succession plans, says Chris MarangiChris Marangi, Co-CIO of Value at Gabelli Funds, discusses Berkshire Hathaway's annual meeting.

Persons: Chris Marangi Chris Marangi Organizations: Funds Locations: Berkshire

☆ Watch CNBC's full interview with GAMCO Investors CEO Mario Gabelli
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with GAMCO Investors CEO Mario GabelliGAMCO Investors CEO Mario Gabelli joins 'Squawk Box' to discuss Warren Buffett's leadership at Berkshire Hathaway, latest developments on Paramount's merger talks, campus protests, and more.

Persons: Mario Gabelli GAMCO, Mario Gabelli, Warren Buffett's, Berkshire Hathaway Organizations: GAMCO, Berkshire

☆ Berkshire Hathaway's Sue Decker on the absence of Charlie Munger: His impact will go on forever
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire Hathaway's Sue Decker on the absence of Charlie Munger: His impact will go on foreverSue Decker, Berkshire Hathaway lead director, joins 'Squawk Box' to discuss the absence of Charlie Munger at this year's annual meeting, what's ahead for Berkshire Hathaway, challenges facing the company, and more.

Persons: Sue Decker, Charlie Munger, Berkshire Hathaway Organizations: Berkshire

But this year’s event will be the first without Munger, who died in November at age 99 — and comes amid growing questions about Berkshire post-Buffett, who’s 93. Buffett will have a different crew answering questions alongside him on Saturday. Berkshire’s vice chairmen, Greg Abel and Ajit Jain, will be on hand for much of the day. Shareholders most likely will be focused on what Abel, Buffett’s appointed successor as C.E.O. In Buffett’s annual letter to investors, he noted challenges to Berkshire’s biggest businesses, including the BNSF railroad (falling shipment volumes) and its utility business (forest fires).

Persons: Warren Buffett, Charlie Munger, Munger, Buffett, Greg Abel, Ajit Jain, Abel, Buffett’s Organizations: Berkshire, Shareholders Locations: Berkshire, Omaha, Woodstock, America

☆ 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

☆ The Man Who Never Says No to Zendaya
▼ + stars: | 2024-05-02 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Last March, Law Roach seemed to be at the peak of his career as a celebrity stylist. He had won the first stylist of the year award from the Council of Fashion Designers of America, and was working with Zendaya, Celine Dion, Anya Taylor-Joy and Anne Hathaway, among others. Rumors that he had thrown a tantrum because Louis Vuitton wouldn’t seat him next to Zendaya in the front row. On May 6, Mr. Roach is dressing Zendaya, a host of the Met Gala, which he is also attending. And he is plotting a certification course for would-be stylists, which will, essentially, mass-market and formalize his approach.

Persons: Law Roach, Zendaya, Celine Dion, Anya Taylor, Joy, Anne Hathaway, “, Priyanka Chopra Jonas, Louis Vuitton, ”, Roach, Julia Fox Organizations: of Fashion Designers of America

☆ Nicholas Galitzine says sizzling sex scenes like the ones in 'The Idea of You' can 'serve a real purpose' in a story
▼ + stars: | 2024-05-02 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

The movie is sweet, but also very sexy, with plenty of intimate scenes. Galitzine tells BI those sex scenes, and others he's done in his career, serve a real story purpose. AdvertisementThe sizzling chemistry between Nicholas Galitzine and Anne Hathaway in "The Idea of You" trailer was enough to propel it to record-breaking views. "I've been very fortunate in the last years with different projects to have done some intimate scenes in my work," he told Business Insider. "I think they can oftentimes — and I like to think in my own work — serve a real purpose."

Persons: Nicholas Galitzine, Anne Hathaway, —, Hathaway, Mary, George, Julianne Moore, Galitzine, Robinne Lee, Solène Marchand, Hayes Campbell, Robinne, Hayes, Solène Organizations: Service, SXSW, TV, Variety, North Star

☆ Souring on Apple? Mystery bank stock? Buffett followers seek clarity on portfolio at annual meeting
▼ + stars: | 2024-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Trimming Apple One surprising move from the conglomerate was selling about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter. Second, it could have been Buffett's investment deputies Todd Combs and Ted Weschler who trimmed the Apple stake in order to fund other purchases. There's a chance that Buffett might reveal at the annual meeting the mystery bank stock that Berkshire has been buying for two quarters straight . Berkshire now owns more than 70 million of the tracking stock. "You need higher prices, or it doesn't work," Buffett said at Berkshire's 2023 annual meeting.

Persons: Warren Buffett's, Buffett, Todd Combs, Ted Weschler, Debbie Bosanek, Warren, Berkshire Hathaway, SIRI, Bob Bakish, Berkshire's, You've Organizations: Berkshire Hathaway, CNBC, Apple, Oracle, Securities and Exchange Commission, Verizon, Berkshire, Liberty, Liberty Media Corp, Liberty Media, Liberty Media Sirius, Paramount, Paramount Global, Skydance Locations: Berkshire, Woodstock, Omaha , Nebraska, Omaha, Chevron, New York, The Omaha

☆ How 'The Idea of You' movie changes the book's controversial ending
▼ + stars: | 2024-05-02 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

Here's how the movie's conclusion offers a more promising future for Solène and Hayes than Lee's novel. In the book, Solène breaks up with Hayes and ghosts himNicholas Galitzine as Hayes and Anne Hathaway as Solène in "The Idea of You." Book bloggers who invested in the love story felt blindsided and devastated by the way Solène and Hayes' relationship concluded. Solène's relationship with Izzy is back to normal and Hayes has gone solo. The movie ends with Solène smiling as she locks eyes with Hayes for the first time in years.

Persons: —, Michael Showalter's, Solène Marchand, Anne Hathaway, Hayes Campbell, Nicholas Galitzine, Hayes, Solène, Alisha Wetherill, Isabelle, Weeks, Lee, Izzy, they'll, who's, Graham Norton, he's Organizations: Service, Business, Solène Locations: Coachella, LA, California

☆ Anne Hathaway came up with one of the best lines in 'The Idea of You' herself because she could relate to being hated online
▼ + stars: | 2024-05-02 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"I think that one might have come from me," Hathaway told Entertainment Weekly. "When you're watching Solène experience it, and you know that I'm a person that's experienced it, you can't really escape the film. It happens," Hathaway told EW. "I know that a lot of people go through this," Hathaway continued, regarding online bullying.

Persons: —, Anne Hathaway, Solène, Hathaway, James Franco, Kevin Winter, Oscar, Christopher Nolan, It's Organizations: Service, Business, Entertainment

☆ 21 of the best '90s-inspired looks at the Met Gala through the years
▼ + stars: | 2024-05-01 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Ahead of the 2024 Met Gala on Monday, we're looking back at some of the best looks in history. Some celebrities, like Anne Hathaway, have directly emulated iconic red-carpet looks from the '90s. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHere are some of the best '90s-inspired Met Gala looks of the last few years.

Persons: we're, Anne Hathaway, —, Hillary Hoffower, Krystine Batcho, Hoffower, Elana Klein Organizations: Service, Le Moyne College

☆ Watch the 2024 Berkshire Hathaway annual shareholders meeting on Saturday, May 4
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the 2024 Berkshire Hathaway annual shareholders meeting on Saturday, May 4Chairman and CEO Warren Buffett will preside over the Berkshire Hathaway annual meeting, nicknamed the "Woodstock for Capitalists." The Omaha, Nebraska, event gives shareholders a chance to hear from the legendary investor on investing, his economic outlook and life. Special coverage on CNBC begins 930a ET/830a CT on Saturday, May 4.

Persons: Warren Buffett Organizations: Berkshire Hathaway, CNBC Locations: Woodstock, Omaha , Nebraska

Walmart opened its first Walmart Health clinic in Georgia in 2019, and then gradually opened more clinics next door to its big-box stores. Walmart struggled with high executive turnover and cycled through numerous leaders of Walmart Health. Going forward, Walmart will return to the health services it offered before the Walmart Health push: It will continue to operate its thousands of pharmacies and vision centers. Walmart Health marks the latest failed push into health care by a high-profile company, following the disbandment of a joint venture between JPMorgan Chase , Berkshire Hathaway and Amazon in 2021. Meanwhile, Amazon 's health clinic operator One Medical now has more than 125 locations nationwide.

Persons: Brett Biggs, Doug McMillon, Berkshire Hathaway, Walgreens Organizations: Walmart Health, Walmart, CNBC, CVS, Walgreens Boots Alliance, Amazon, JPMorgan Chase, Walgreens Locations: Sugar, Arkansas , Florida, Georgia , Illinois, Texas, U.S, Georgia, Florida

☆ How ‘The Idea of You’ nailed age-gap dressing
▼ + stars: | 2024-04-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +8 min

Films such as “What Price Hollywood” and “A Star is Born” first dabbled in the idea of famous and non-famous relations almost 100 years ago. Now, director Michael Showalter breathes new life into the trope with “The Idea of You,” out on Amazon Prime May 2. But more than just a piece of starry-eyed fan-fiction, “The Idea of You” is a Bildungsroman in disguise. It was the first look Hathaway tried on during fittings with Demetrio in New York. As for Hathaway, we find her in Chanel and leave her, happily ever after, in a rust-red Gabriela Hearst suit.

Persons: It’s, ”, Richard Curtis, Julia Roberts, Hugh Grant, lister, Michael Showalter, Robinne Lee, Anne Hathaway, Solène Marchand, Nicholas Galitzine, Hayes Campbell, Moon, Demetrio, Alisha Wetherill, Hayes, Solène, Harry Styles, Olivia Wilde, Lee, Styles, “, Jacqueline Demetrio, …, “ She’s, Hathaway, Isabel Marant cardigan, suede Isabel Marant, ’, Etro, Gabriella Hearst, Valentino, Demetrio —, Hathaway —, heartthrob, David Bowie, ” Demetrio, he’s Harry, “ Nick, Matty Healy, Loewe, Isabel Marant, it’s, Nick, Constance Bennett, Lowell Sherman, ” Grant, Roberts, Gabriela Hearst Organizations: CNN, Hollywood, Disney Channel, BBC, Amazon, Vogue, SXSW Locations: LA, Isabel, New York, streetwear, Coachella, cardigan, It’s, “

☆ Anne Hathaway's plan was to stop drinking until her kids were grown up. Now, she says she's over 5 years sober.
▼ + stars: | 2024-04-30 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

In 2019, Hathaway said she wanted to quit alcohol "for 18 years" until her son is grown up. Forty feels like a gift," Hathaway told The New York Times. "I quit drinking back in October," Hathaway told DeGeneres. Advertisement"My last hangover lasted for five days," Hathaway told Modern Luxury. In a Vanity Fair interview from March, Hathaway also spoke about how her mental health has improved since she quit alcohol.

Persons: Anne Hathaway, Hathaway, —, Ellen DeGeneres, DeGeneres, I'm, Jonathan, Jack, Adam Shulman Organizations: New York Times, Service, Research

☆ Sandra Oh recreates iconic ‘Princess Diaries’ scene to introduce Anne Hathaway on ‘The Kelly Clarkson Show’
▼ + stars: | 2024-04-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Sandra Oh provided the “Princess Diaries” nostalgia that we all needed on Tuesday while introducing the star guest on “The Kelly Clarkson Show.”On a new episode of the talk show, Oh appeared in a surprise cameo in which she reprised her role as Vice Principal Gupta from the 2001 movie to help introduce the titular princess, Anne Hathaway. Mhm,” Oh said in the clip, while seated at a desk talking on the phone on the “Clarkson” set. (From left) Anne Hathaway and Kelly Clarkson on 'The Kelly Clarkson Show.' The fun gag came as fans of the beloved franchise continue to wait for more updates about a possible third installment. A sequel, “The Princess Diaries 2: Royal Engagement,” came out 20 years ago in 2004.

Persons: Sandra Oh, Kelly Clarkson, Gupta, Anne Hathaway, “ Gupta, ” Oh, Clarkson ”, ” Hathaway, Weiss Eubanks, Clarisse Renaldi, Julie Andrews, Mia Thermopolis’s, Hathaway, ”, Andy Cohen, “, it’s Organizations: CNN, New York Times

☆ More CEOs are deciding the stress, pressure, and loneliness are just not worth the money
▼ + stars: | 2024-04-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Pressure, stress, and lonelinessHead honchos have been calling out the difficulties of their jobs for years. Tesla and SpaceX CEO Elon Musk has bemoaned that running a company is "really not that fun" and "just awful" at times. "The depths of loneliness I experienced as a CEO are difficult to put into words," he posted on X in January. The combination of immense pressure, stress, loneliness, and lack of work-life balance that often comes with being a CEO may well explain why few people last long in the role.

Persons: —, HSBC's Noel Quinn, Bob Bakish, Dr Martens, Kenny Wilson, Andrew Challenger, HSBC's Quinn, Elon Musk, Musk, Grzegorz Wajda, Brian Chesky, Warren Buffett, Berkshire Hathaway, Buffett Organizations: Service, Paramount, Business, SpaceX, Berkshire, he's

☆ Anne Hathaway reveals she’s now five years sober
▼ + stars: | 2024-04-29 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Anne Hathaway first shared she lost interest in drinking after a bad hangover in 2018. Hathaway first shared her decision to skip alcohol during an appearance on the “Ellen DeGeneres Show,” explaining at the time she wanted to be fully available and present to her young son. In a new interview with The New York Times, Hathaway reflected on her health and being in her forties. I don’t normally talk about it, but I am over five years sober,” she told The New York Times in a recent interview. Anne Hathaway as 'SolÃ¨ne' and Nicholas Galitzine in "The Idea of You."

Persons: Anne Hathaway, She’s, Hathaway, Ellen DeGeneres, ”, “, ” Hathaway, Solène, Nicholas Galitzine, Alisha Wetherill, Michael Showalter Organizations: CNN, The New York Times, New York Times

☆ Bernstein says 'be like Buffett' and buy Apple shares while they are cheap, upgrades to outperform
▼ + stars: | 2024-04-29 | by ( John Melloy | ) www.cnbc.com time to read: +5 min

Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here. Sacconaghi's upgrade note, which he titled, "Buy the fear," comes before Apple reports earnings Thursday evening. Bernstein also cites that history shows it pays to buy Apple shares in the three months ahead of a new iPhone launch, noting that the stock has outperformed in 15 of those past 17 periods. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here.

Persons: Bernstein, Buffett, Warren Buffett, Toni Sacconaghi, Berkshire Hathaway, YTD Bernstein, David A, CNBC Bernstein Organizations: Apple, Berkshire, Berkshire Hathaway, Grogan, CNBC Locations: China, Berkshire, Omaha , Nebraska

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