The Oracle of Omaha is shaking things up this year with a rule change to his March Madness bracket challenge. What Happened: In past years, billionaire Warren Buffett offered thousands of employees who work at various companies owned by Berkshire Hathaway Inc BRKBRK the chance to win $1 billion — if they get a perfect…
Apple Inc. AAPL continues to trade at elevated valuation levels despite Warren Buffett‘s Berkshire Hathaway Inc. significantly reducing its stake in the iPhone maker, according to a prominent market analyst. What Happened: Lawrence McDonald, founder of Bear Traps Report, highlighted concerns about Apple’s current price-to-sales ratio in a post on X on Sunday. “Think about…
The world’s top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session. What Happened: According to the Bloomberg Billionaires Index, Tesla Inc. TSLA CEO Elon Musk led the losses, with his net worth dropping from…
Berkshire Hathaway Inc. BRK BRK has amassed a staggering $325 billion cash reserve, its largest ever, and nearly double the previous year’s balance. This coincides with a record high in Warren Buffett’s favored valuation metric: the stock market’s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market…
MicroStrategy Inc. MSTR co-founder Michael Saylor said that Warren Buffett’s Berkshire Hathaway Inc. BRK was destroying billions of dollars in capital by not utilizing the huge hordes of cash at their disposal to invest in Bitcoin BTC/USD. What Happened: During a podcast with Patrick Bet-David, Saylor drew attention to the company’s massive $325 billion cash…
Warren Buffett, the legendary investor, has made a significant move by reducing his stake in Apple Inc. AAPL and other stocks, generating a whopping $97 billion in gains for his company, Berkshire Hathaway Inc. BRK BRK. What Happened: Buffett, last week, disclosed that he continued to cut his position in Apple and other stocks in…
Tesla Inc. TSLA CEO Elon Musk on Saturday reflected on the company’s stock jump over the past week, terming it a “rollercoaster.” What Happened: “The stock market is wild, sort of rollercoaster. I think Warren Buffett has a lot of good sayings. One is, ‘Having a publicly traded company is like having someone stand outside…
Legendary investor Warren Buffett is known for his history of strong gains for Berkshire Hathaway Inc BRKBRK that often beat the broader stock market indexes. Buffett is also known for his sharp wit and quotable quotes that many in the investing community refer to on a daily, weekly or monthly basis. Benzinga recently put some…
One of the world’s largest insurance companies seemingly ended its coverage of the Tesla Inc TSLA Cybertruck, before a clarification averted tensions between two of the most valuable companies run by two of the richest people. What Happened: According to a report from Torque News, Geico dropped the Tesla Cybertruck from its coverage. Geico is…
Warren Buffett, widely considered the greatest investor of all time, is one of the richest people on the planet, but you wouldn’t know that based on the clothes he wears, the car he drives — or even the house he lives in. What To Know: The legendary investor is well known for living well below his means,…