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☆ Warren Buffett breaks down how to repeat his success and return 50% a year
▼ + stars: | 2024-05-26 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Warren Buffett's best return — on a percentage basis — was scored when he was starting out with little money seven decades ago. The Oracle of Omaha once vowed that he could easily produce a 50% annual return if he was only managing $1 million. "If I was running $1 million today, or $10 million for that matter, I'd be fully invested. At an early age, Buffett developed an extraordinary knack for picking cheap stocks, oftentimes troubled companies at deep discounts. You can't just be in love with the money, you've really got to just find it," he said.

Persons: Warren Buffett's, —, I've, Dow, Berkshire Hathaway, Buffett, poring, Benjamin Graham, outsized, Charlie, Charlie Munger, you've Organizations: Berkshire, Moody's, Columbia University, BNSF Railway Locations: Omaha, Coast, Munger

☆ Bill Gates shares the Warren Buffett-inspired scheduling tip he wishes he had learned earlier
▼ + stars: | 2024-05-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

The billionaire shared a scheduling tip in a Friday Threads post, citing fellow billionaire Warren Buffett. "(In hindsight, it's a lesson I could have learned a lot sooner had I taken more peeks at Warren Buffett's intentionally light calendar.)" "I thought that was the only way you could do things," Gates said of his packed schedule in a 2017 interview alongside Buffett. People who have the freedom to focus their time on creative work as opposed to performative busywork are happier, more productive, and more engaged at work, Business Insider previously reported. After seeing Buffett's schedule, Gates relaxed his own calendar.

Persons: —, Bill Gates, Warren Buffett, Gates, it's, Warren Buffett's, Elon Musk, Buffett, Berkshire Hathaway Organizations: Service, Business, Microsoft, Berkshire

Bill Gates and Warren Buffett have given each other a few tips over the course of their friendship, which has lasted for more than three decades and counting. One of those lessons is something Gates wishes he'd learned a lot sooner, to clear up his busy schedule — and possibly even made him happier and more productive. "In hindsight, it's a lesson I could have learned a lot sooner had I taken more peeks at Warren Buffett's intentionally light calendar." Gates finally learned to cut his employees, and himself, some slack after catching a peek of the Berkshire Hathaway CEO's personal daybook. "[I] remember Warren showing me his calendar ... he [still] has days that there's nothing on it," Gates said, adding that Buffett's sparser schedule taught him an important lesson.

Persons: Bill Gates, Warren Buffett, Gates, he'd, it's, Warren Buffett's, He's, —, Charlie Rose, Buffett, Berkshire Hathaway, Warren, It's Organizations: Microsoft, Berkshire, Workers, Stanford University, Northern Arizona University, CNBC

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Ford, Super Micro, Wendy's, Hasbro, Take-Two, Wynn & more
▼ + stars: | 2024-05-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Nvidia as buy Bank of America raised its price target on the stock to $1,320 per share from $1,100 following earnings. Deutsche Bank initiates Freshpet a buy Deutsche said it sees "multiple structural tailwinds" for shares of the pet food and health company. Deutsche Bank initiates BellRing Brands as buy Deutsche said it sees a long runway for growth for the food company. " Deutsche Bank initiates Legend Biotech as buy Deutsche said it's bullish on the biotech company's multiple myeloma drug Carvykti. Bank of America reiterates Super Micro Computer as buy Bank of America said Nvidia's earnings report on Wednesday bode well for companies like Super Micro.

Persons: Bernstein, Ford, Morgan Stanley downgrades NetEase, Morgan Stanley, Evercore, BRBR, Wedbush, Jefferies, GDRX, Oppenheimer, Armour, Kevin, Dell, Chubb, Stephens, FHN, Tesla, Argus, it's bullish, bode Organizations: " Bank of America, Nvidia, Bank of America, Deutsche Bank, Deutsche, BellRing Brands, JPMorgan, Hasbro, RBC, Norfolk Southern, NSC, GE Vernova, GE, UBS, Eastman Chemical, Eastman, SAP, underperform Bank of America, Berkshire Hathaway's, of America, Rockstar Games, NextEra Energy Partners, Argus, Wynn, Biotech, Computer Locations: U.S, China, Berkshire, Macau, Las Vegas, 2H24

☆ Buying a piece of Nvidia is about to get a whole lot cheaper
▼ + stars: | 2024-05-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Read previewBuying a share of Nvidia is about to get a lot cheaper. The microchip maker announced a 10-for-1 stock split in its first-quarter earnings on Wednesday. Nvidia's management said the goal of the stock split was to "make stock ownership more accessible to employees and investors." Chipotle approved a 50-for-1 stock split in April, saying it would make its shares "more accessible to employees as well as a broader range of investors." AdvertisementHe did so because Berkshire was acquiring a railway company, and he wanted its shareholders to be able to easily exchange their shares for Berkshire shares in a tax-free swap.

Persons: —, Price, Elon Musk's Tesla, Warren Buffett, it's Organizations: Service, Nvidia, Business, Dow, Big Tech, Apple, Microsoft, EV, Berkshire Hathaway's, Berkshire, Burlington Northern Locations: Berkshire

☆ It's shaping up to be a tough summer for the stock market, but Nvidia could help salvage things
▼ + stars: | 2024-05-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we examine how this summer is shaping up to be tough for the stock market . Stocks are on track to either remain flat or turn negative going forward , according to two market vets Jennifer spoke to. The pessimism about stocks' future is due to a few factors. Some Nvidia employees are considered to be millionaires SOPA ImagesThere is, however, one company that could salvage things: Nvidia. As the key chipmaker in the space, a win for Nvidia is a win for everyone betting on AI being the future.

Persons: —, Jenny Chang, Rodriguez, Jennifer Sor, Stocks, Jennifer, It's, Jerome Powell, BI's Linette Lopez, Warren Buffett Scott Morgan, Warren, Berkshire Hathaway, Goldman Sachs, Michael Burry, John Paulson, Alyssa Powell, Gen Zers, Instagram, Vincent Sandoval, Getty, Henrik Sorensen, Tyler Le, Larry Ellison, it's, aren't, Cash, Bill Lee, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, New York Knicks, NBA, Business, Getty, Fidelity, Hamptons, Nvidia, Reuters, Berkshire, JPMorgan, Meta, Sciences, Apple, The Locations: Montauk, Berkshire, New York, London

☆ Warren Buffett's Berkshire has been a net seller of stocks for 6 quarters in a row. Here's why
▼ + stars: | 2024-05-19 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett's Berkshire Hathaway has been a net seller of stocks for six straight quarters despite the recent disclosure of a headline-making purchase of a stake in insurer Chubb . In fact, Berkshire hasn't been a net buyer of stocks since the third quarter of 2022, according to an analysis of filings. The bulk of the first quarter selling came from trimming Berkshire's massive Apple bet by 13% after reaping enormous gains. "If I saw one of those now, I'd do it for Berkshire," Buffett told shareholders, referring to his Japanese investment. Berkshire's cash hoard reached a record $189 billion in the first quarter, up from almost $168 billion in the fourth quarter.

Persons: Warren, Berkshire Hathaway, Chubb, Berkshire hasn't, Buffett, hasn't, I've Organizations: Berkshire, HP, Paramount, Treasury, Federal Reserve Locations: The Omaha, Berkshire, Omaha, Zurich, Louisiana, Pacific

☆ Trim Alphabet, buy Microsoft: How major hedge funds invested in tech during the first quarter
▼ + stars: | 2024-05-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.

Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren

☆ Why Warren Buffett's record $189 billion cash pile isn't the market-crash signal some say it is
▼ + stars: | 2024-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."

Persons: Berkshire Hathaway, Chris Bloomstran, —, Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's

☆ Warren Buffett warned AI is like the atomic bomb, but this expert thinks he's being way too gloomy
▼ + stars: | 2024-05-18 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's warning that AI is like the atomic bomb is too negative, one expert says. AI could free human workers to create things and solve problems instead of replacing them, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The elite investor compared AI to the atomic bomb during Berkshire Hathaway's annual shareholder meeting this month. This story is available exclusively to Business Insider subscribers.

Persons: Warren, Babak Zafari, —, Buffett, we'd Organizations: Service, Business Locations: Berkshire

☆ I toured Warren Buffett's hometown: Despite huge wealth, 'it's all very understated,' says 'Buffettology' author
▼ + stars: | 2024-05-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. I've written about personal finance and investing for 11 years, which means I've spent just about the same amount of time covering legendary investor Warren Buffett. Along with tens of thousands of investors, I traveled to Omaha, Nebraska, in early May to attend the annual shareholders meeting of Berkshire Hathaway, the company Buffett helms. I was meeting Clark for lunch. The whales and the wannabes come to Omaha to be seen, Clark told me over lunch, but also to get a peek into Buffett's world.

Persons: Warren Buffett, I've, Berkshire Hathaway, Buffett helms, David Clark, Buffett, Cherry Cokes, Clark, He's Organizations: Berkshire, Oracle Locations: Omaha , Nebraska, Omaha, Berkshire

☆ CNBC Daily Open: Wall Street hits record, 'Thee rate cuts'
▼ + stars: | 2024-05-16 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

The Charging Bull is seen on an empty Wall Street on April 20, 2020 in New York City. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street hits record highThe S&P 500 and the Nasdaq rose to record highs after inflation data came in lower than expected. All three major indexes closed at record highs. Asia up, Japan's GDP shrinksAsia-Pacific markets rose on Thursday after Wall Street hit record highs.

Persons: Buffett, Chubb, Warren, Berkshire Hathaway, Seng, Biden, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones Industrial, Federal, Tech, Nvidia, Apple, Microsoft, GameStop, AMC, Berkshire, Wall, Nikkei, U.S Locations: New York City, Zurich, Asia, Pacific, China

☆ Jim Cramer loves Buffett's new stock, calling insurer Chubb the 'best there is'
▼ + stars: | 2024-05-16 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Walmart : Shares jumped more than 6% after the retail giant delivered a quarterly earnings beat and said it may now exceed the high end of its sales and adjusted earnings per share. "They go aisle by aisle, and they talk about how in food they've got deflation," Jim Cramer said. Chubb : Shares jumped 3.5% after Warren Buffett's Berkshire Hathaway revealed in a securities filing Wednesday night that it'd been buying a stake in the insurer. Cisco Systems : Shares dropped nearly 2% despite the networking company's better-than-expected quarterly results and upward revision to fiscal 2024 guidance.

Persons: Jim Cramer's, Jim Cramer, That's, Cramer, Chubb, Warren Buffett's Berkshire Hathaway, it'd, Kevin Plank Organizations: CNBC, Club, Walmart, Deere, Cisco Systems

☆ Final Trades: Bank of America, CrowdStrike, Citigroup & Berkshire Hathaway
▼ + stars: | 2024-05-16 | 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 EmailFinal Trades: Bank of America, CrowdStrike, Citigroup & Berkshire HathawayThe Investment Committee gives you their top stocks to watch for the second half.

Persons: Berkshire Hathaway Organizations: Bank of America, CrowdStrike, Citigroup, Berkshire

☆ Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The company said it now expects net income of roughly $7 billion, down from a range of $7 billion to $7.5 billion. Walmart — Shares rallied nearly 6% after the company reported adjusted first-quarter earnings of 60 cents per share, topping the 52 cents expected from analysts polled by LSEG. Chubb — Shares of the insurance company advanced nearly 4% after Warren Buffett's Berkshire Hathaway revealed Chubb was the confidential stock the conglomerate had been purchasing for two straight quarters. Berkshire bought nearly 26 million shares for about $6.7 billion, making it the second-largest holder in Chubb, according to a regulatory filing. GameStop , AMC — The meme stocks retreated for a second day following a speculative rally in the beginning of the week.

Persons: Chubb, Warren Buffett's Berkshire Hathaway, Goose, GoodRx, Raymond James, Samantha Subin, Alex Harring, Yun Li, Pia Singh Organizations: European Union, Facebook, Deere — Deere, Walmart —, LSEG, Revenue, Walmart, Berkshire, GameStop, AMC, UBS, AIG, Nippon Life Locations: Corebridge

☆ Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Under Armour — The sportswear maker's Class A shares slumped 11% and its Class C stock fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armour now expects earnings in the range of 18 cents to 21 cents while analysts polled by FactSet had forecast 59 cents. Cisco Systems also hiked its 2024 revenue guidance, saying it now expects revenue of $53.7 billion at the midpoint of a range. Meme stocks — Shares of AMC and GameStop extended losses following the revival of the meme stock movement on Monday and Tuesday. Baidu reported CNY 31.51 billion ($4.7 billion) of revenue, topping the CNY 31.34 billion expected by analysts, according to StreetAccount.

Persons: Armour, FactSet, Goose, Warren Buffett's Berkshire Hathaway, Chubb, Deere, GoodRX, Raymond James, John Ransom, Coupang, Tesla, — CNBC's Michelle Fox, Hakyung Kim, Sarah Min, Samantha Subin, Jesse Pound Organizations: Walmart, Wall, LSEG, Revenue, —, Berkshire, Cisco Systems, AMC, GameStop, Deere, Company, Baidu, UBS, ISI, European Union, Facebook Locations: Krakow, Poland, The Seattle

☆ The church of Warren Buffett: Why thousands of investors flock to Omaha to be near the investing genius
▼ + stars: | 2024-05-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +10 min

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. A shopping extravaganzaFor many shareholders, the annual meeting is less about buy-and-hold investing and more about, well, buying. Judith Lieber clutches were among the items on sale at Borsheim's in Omaha, Nebraska. The CHI Health Center before the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. Warren Buffett poses with Martin, the Geico gecko, ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 3rd, 2024.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Charlie Munger, I've, I'd, Borsheim's, Judith Lieber, Ryan Ermey, Diane Cunningham Redden, —, Clayton, Brooks, Sarah Min, who'd, She'd, they'd, James Eddins, Greg Abel, Carol Loomis, David A, Charlie, Guy Spier, Spier, Charlie Munger's, Doerthe Obert, Martin Organizations: Berkshire, Berkshire —, Oracle, CNBC, Nebraska Furniture Mart, IWC, CHI, Buffett, Squishmallows, Berkshire Hathaway, CHI Health, Apple, Harlem Globetrotters, Grogen, Aquamarine Fund, Grogan Locations: Omaha , Nebraska, Berkshire, England, Woodstock, Omaha, Geico, Nebraska, Borsheim's, China, Australia, Cincinnati , Ohio, Diane Cunningham Redden Cincinnati , Ohio, Columbus , Nebraska, Fairhope , Alabama, Zurich

☆ Chubb is 'ideal fit' for Warren Buffett's investment style, says Deutsche Bank
▼ + stars: | 2024-05-16 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's purchase of a 6.4% stake in Chubb makes perfect sense as the insurer checks all the boxes of the Oracle of Omaha's investment criteria, according to Deutsche Bank. "We believe that Chubb is an ideal fit for Warren Buffett's investment philosophy, characterized by high-quality business with strong [returns on equity], a robust economic moat, a proven track record of compounding returns, and a distinguished management team," Deutsche Bank analyst Cave Montazeri wrote in a note to clients. Buffett's Berkshire Hathaway unveiled a $6.7 billion stake in Zurich-based Chubb in a new regulatory filing, ending months of speculation over the identity of the secret stock pick. Deutsche Bank said Chubb has a disciplined approach to underwriting and capital allocation and, in the near term, should benefit from earned pricing above loss costs, strong investment income and growth in its international operations. CB ALL mountain Chubb Deutsche Bank has a buy rating on Chubb and a 12-month price target of $278, implying a 10% gain from Wednesday's close of $252.97.

Persons: Warren Buffett's, Chubb, Warren, Cave Montazeri, Berkshire Hathaway, Montazeri, — CNBC's Michael Bloom Organizations: Oracle, Deutsche Bank, Berkshire, Securities and Exchange Commission, Chubb Deutsche Bank, ISI, Alleghany Corp Locations: Zurich, U.S, Omaha, Berkshire

☆ Warren Buffett's Berkshire Hathaway made a number of changes in its equity portfolio last quarter
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett unveiled Chubb as his secret buy and Berkshire Hathaway's equity portfolio had some other changes in the first quarter, according to a new regulatory filing. Firstly, the Omaha-based conglomerate tweaked his energy exposure last quarter, adding to its Occidental Petroleum holding slightly and trimming the Chevron stake. Berkshire has been steadily increasing its Occidental bet since it first took a position in the first quarter of 2022. It was previously disclosed that Buffett trimmed Berkshire's Apple holding by 13% in the first quarter. Other than these changes, Berkshire's top 10 holdings remained unchanged last quarter.

Persons: Warren Buffett, Chubb, Buffett Organizations: Berkshire, Occidental Petroleum, Chevron, Occidental, HP, Paramount Locations: Omaha, Berkshire, Louisiana, Pacific

☆ Lawrence Cunningham talks Berkshire Hathaway's investment in Chubb
▼ + stars: | 2024-05-15 | 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 EmailLawrence Cunningham talks Berkshire Hathaway's investment in ChubbHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Lawrence Cunningham, Chubb, Brian Sullivan, “ Organizations: Berkshire, CNBC

☆ Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Insurer Ace Limited acquired the original Chubb in 2016 for $29.5 billion in cash and stock, and the combined company adopted the Chubb name. His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth $6.7 billion. Warren Buffett finally revealed his secret stock pick in a new regulatory filing, and it's insurer Chubb . Mystery unveiledBerkshire has been keeping this purchase secret for three quarters straight. Berkshire was granted confidential treatment to keep the details of one or more of its stock holdings confidential.

Persons: Warren Buffett, Chubb, Evan Greenberg, Maurice Greenberg Organizations: Berkshire, Ace, American International, Berkshire Hathaway, Alleghany, Chevron, Verizon Locations: Omaha , Nebraska, Zurich, The Omaha, Berkshire, Markel, Omaha

☆ Warren Buffett thinks taxes are on the way up. Why selling stocks in advance may not be a good call
▼ + stars: | 2024-05-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

That's because the amount of money that's converted is subject to ordinary income tax – which can be as high as 37%. Even for those who are taxed at a lower rate, a sufficiently large conversion might bump them into a higher tax bracket. Long-term capital gains taxes have three tiers, depending on an investor's income: 0%, 15% and 20%. In a higher tax environment, "tax loss harvesting will become more important, and doing it in a performance-neutral way," said Jerrod Pearce, a certified financial planner and partner at Creative Planning in Overland Park, Kansas. Don't sell highly appreciated assets to generate cash if you're donating to charity.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, Trump, Tim Steffen, Baird, Roth, Steffen, that's, Jerrod Pearce Organizations: Creative Planning, Mutual Locations: Berkshire, Washington, Overland Park , Kansas

☆ Warren Buffett downsized his Apple stake for tax reasons. Here's what it means
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett surprised many by selling a significant portion of his gigantic Apple stake, and his reason for the sale was even more surprising. Buffett, who trimmed Berkshire Hathaway's Apple holding by 13% in the first quarter after reaping enormous gains, suggested that the sale was for tax reasons. He implied the sale could be a means of avoiding an even higher tax bill down the road if tax rates rise to help plug a ballooning U.S. fiscal deficit. There's no special tax rate for capital gains in a corporation as they become part of the entity's income. Corporate income tax rate The corporate tax rate in the U.S. averaged 32.1% from 1909 to 2024, with a peak of 52.8% in the late 1960s, according to the Internal Revenue Service.

Persons: Warren Buffett, Buffett, There's, Kelly Gillette Organizations: Apple, Treasury Department, U.S, Internal Revenue Service, Armanino LLP, Apple Berkshire, Berkshire Locations: Berkshire, Omaha, Texas

☆ Warren Buffett's company reveals its mystery bet is a nearly $7 billion stake in insurance giant Chubb
▼ + stars: | 2024-05-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett's secret stock is Chubb, an insurance giant. Berkshire Hathaway quietly built a 6.4% stake in under nine months, worth $6.7 billion as of March. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Buffett's company initially purchased 8.1 million Chubb shares worth $1.7 billion at the end of September, then boosted the position to 20.1 million shares valued at $4.5 billion at December's close. It raised the bet to 25.9 million shares worth $6.7 billion at the end of March, SEC filings revealed on Wednesday.

Persons: Warren, Berkshire Hathaway, Buffett, —, Warren Buffett Organizations: Berkshire, Apple, Service, Berkshire Hathaway, Chubb, SEC, Business

☆ Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
▼ + stars: | 2024-05-15 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Chubb became Berkshire's ninth biggest holding at the end of March, according to a new regulatory filing. AST SpaceMobile — Shares rocketed 33%. Cisco Systems — Shares jumped nearly 5% after the IT giant reported fiscal third-quarter adjusted earnings of 88 cents per share on revenues of $12.70 billion. The results topped analysts' estimates for earnings of 82 cents per share on revenues of $12.53 billion, according to LSEG. Palo Alto Networks — The cybersecurity company saw its stock rise 1% after announcing it will buy cloud security software assets from IBM .

Persons: Chubb, Berkshire Hathaway, Riley, Hawkins —, — CNBC's Scott Schnipper Organizations: AST, Cisco Systems —, Riley, Management, Alto Networks, IBM, Palo Alto Locations: Zurich, Los Angeles, Hawkins — The Minnesota, Palo

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