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Search resuls for: "Berkshire B"


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☆ Warren Buffett trolled Bill Gates by proposing he spend almost $400 million on an engagement ring
  + stars: | 2022-12-22 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +1 min
Warren Buffett helped Bill Gates pick out an engagement ring at Berkshire-owned Borsheims in 1993. Buffett spent 6% of his net worth on a ring in 1951, and told Gates he should do the same. Gates, worth around $6.2 billion in 1993, declined to shell out $370 million on a piece of jewelry. Buffett met them at the airport and escorted them to Borsheims, a jewelry business he bought four years earlier. Gates was worth around $6.2 billion in 1993, according to Forbes.
☆ Buffett's Berkshire boosts stakes in Japan's five biggest trading houses
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, Nov 21 (Reuters) - Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, has raised its stakes in each of Japan's five biggest trading houses by at least 1 percentage point to more than 6%, regulatory filings showed on Monday, sending shares higher. The move is line with Berkshire's statement in 2020 that its investments in the Japanese trading houses were for the long term and the stakes could rise to 9.9%. The news boosted shares of the five trading houses, led by Mitsubishi and Marubeni, which were up more than 2% in morning trade, while the benchmark Nikkei (.N225) index was nearly flat. Berkshire's increased investments in the trading houses come as it this month bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), a rare significant foray into the technology sector by the conglomerate. Reporting by Makiko Yamazaki; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
☆ TSMC shares soar after Berkshire buys $4.1 billion in Taiwanese chip company
  + stars: | 2022-11-15 | 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 EmailTSMC shares soar after Berkshire buys $4.1 billion in Taiwanese chip companyKrish Sankar, Cowen senior research analyst, joins 'Squawk on the Street' to discuss Taiwan semiconductor stock activity, chip manufacturers, and supply chain diversification.
☆ Warren Buffett's Berkshire Hathaway reveals it built a $4 billion stake in Taiwan Semiconductor - and added Jefferies to its stock portfolio
  + stars: | 2022-11-14 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Warren Buffett's Berkshire Hathaway disclosed a new, $4 billion stake in Taiwan Semiconductor. Berkshire boosted its Chevron and Oxy bets, and slashed its wagers on US Bancorp and BNY Mellon. The total value of Berkshire's US stock portfolio, which excludes overseas holdings such as BYD, declined slightly to $296 billion. The report revealed it spent a net $3.7 billion on stocks in the period, and foreshadowed its enlarged Chevron stake. It also roughly quadrupled it stake in Chevron in the first quarter, and now counts the oil major among the five most-valuable holdings in its stock portfolio.
☆ Buffett's Berkshire sheds large portion of US Bancorp stake
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +2 min
In a regulatory filing, Berkshire said it owned just over 53 million U.S. Bancorp shares, for a 3.6% stake, on Oct. 31, down from 144.7 million shares, or 9.8%, on Dec. 31, 2021. Berkshire began investing in the Minneapolis-based bank in 2006, according to regulatory filings. U.S. Bancorp and Buffett's assistant did not immediately respond to requests for comment after market hours. Berkshire owned $126.5 billion of the iPhone maker's shares on Sept. 30. On Nov. 14, Berkshire is expected in a regulatory filing to disclose more information about its U.S.-listed stock holdings.
☆ Warren Buffett's Berkshire Hathaway likely boosted its Chevron bet last quarter. Here are 6 key insights from its Q3 earnings.
  + stars: | 2022-11-08 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +5 min
Berkshire benefited from higher interest rates and a stronger US dollar. It also revealed the billion-dollar hit to its insurance business from Hurricane Ian, and the positive impact of higher interest rates and a stronger US dollar on its operations. The discrepancy suggests it raised its stake to about 170 million shares last quarter. It owned about 908 million shares of the iPhone maker at the end of December, and purchased nearly 4 million more shares in the second quarter of this year. The US central bank's rate increases boosted the amount of interest that Berkshire earned on its cash and Treasury bills.
☆ Buffett's billions in cash turn from stock drag to Berkshire bull case with yields topping 4%
  + stars: | 2022-11-07 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
For years, Warren Buffett's cash fortress earned "only a pittance," but now thanks to rising rates, Berkshire Hathaway 's mountain of money is contributing meaningful earnings to the conglomerate. "The increases were primarily due to increases in short-term interest rates," Berkshire said in a statement. "While exceptionally low interest rates prevailed in recent years, interest rates increased significantly over the first nine months of 2022." The contribution to earnings from cash had been very poor due to near-zero interest rates. Berkshire acquired insurer Alleghany for $11.6 billion on Oct. 19, which was funded by existing cash balances.
☆ Buffett's Berkshire loses money as stocks, Hurricane Ian offset rising demand
  + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +5 min
Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses. Berkshire also bought back more of its own stock but was cautious, repurchasing $1.05 billion, similar to the second quarter. Berkshire also said rising costs from fuel and accidents hurt respective results at two of its best-known businesses, the BNSF railroad and Geico auto insurer. Results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments other than Apple Inc (AAPL.O) fell. Results improved despite a $2.7 billion after-tax loss from Ian, a strong Category 4 hurricane that slammed into Florida on Sept. 28.
☆ Buffett's Berkshire loses money as stocks, Hurricane Ian offset higher demand
  + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +4 min
Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses. It also bought back more of its own stock but was cautious, repurchasing $1.05 billion, similar to the second quarter. It also said rising costs hurt results at two of its best-known businesses, the BNSF railroad and Geico auto insurer. That helped offset a $2.7 billion after-tax loss from Ian, a strong Category 4 hurricane that slammed into Florida on Sept. 28. Net results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments other than Apple Inc (AAPL.O) fell.
☆ Berkshire Hathaway posts quarterly loss as stocks, Hurricane Ian weigh
  + stars: | 2022-11-05 | by ( ) www.reuters.com   time to read: +3 min
Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as falling stock investments and a big loss from Hurricane Ian offset improvement in many of its industrial businesses. Berkshire posted a quarterly net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier. Geico, meanwhile, suffered its fifth straight quarterly underwriting loss, reflecting "significant cost inflation" from damages claims, used car prices and shortages of car parts. Net results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments fell. This causes large quarterly swings in results that Buffett says are usually meaningless.
☆ Buffett bought more Apple last quarter and says he would have added more if the stock didn't rebound
  + stars: | 2022-05-02 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Berkshire Hathaway 's chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter. 1 stock Apple during the tech giant's sell-off in the first quarter. There have been plenty of buying opportunities for Buffett this year as Apple shares came under pressure amid fears of rising interest rates and supply chain constraints. Berkshire began buying Apple stock in 2016 under the influence of Buffett's investing deputies, Todd Combs and Ted Weschler. Cook was in attendance at Berkshire's annual meeting over the weekend.
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