News Stocks 

Warren Buffett’s firm adds to Apple, Teva investments

“Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March” writes The Associated Press for seattletimes.com. Besides investments, Berkshire owns more than 90 companies, including insurance, retail, manufacturing, railroad and candy companies.OMAHA, Neb. (AP) — Investor Warren Buffett’s company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments.The Teva investment was just disclosed earlier this year and has grown to 43.2 million shares from 40.5 million in the…

Read More
News Stocks 

Berkshire boosts Goldman stake, confirms Apple purchase

“The changes were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of June 30” writes Midwest Communications Inc for 95kqds.com. Berkshire said it owned roughly 13.3 million Goldman shares worth $2.92 billion, a 21 percent increase in the number of shares over the 11 million it owned three months earlier. It also said it owned close to $47 billion of Apple stock, comprising about 252 million shares, up 5 percent from 239.6 million at the end of March. Source: 95kqds.com Share This:

Read More
Markets News 

Why Warren Buffett’s record-breaking cash stockpile should have investors very worried

“But it also means Berkshire Hathaway has set a record of its own: It now has the biggest cash balance in the firm’s storied history” writes Finanzen Net Gmbh for businessinsider.com. Mould points out — and indicates in the chart above — that Berkshire Hathaway’s cash balance has been an effective proxy for market levels over history. Source: businessinsider.com Share This:

Read More
Markets News 

Warren Buffett’s growing cash pile and the big read-in for investors

“The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around” writes Markets Reporter for marketwatch.com. Also read: Warren Buffett’s favorite metric suggests some serious pain awaits investors Berkshire’s growing mound of money comes as the stock market is just three weeks away from making history as the longest bull market on record.He noted that Berkshire Hathaway’s cash pile grew in 1998-99, just ahead of the bursting of a tech-stock bubble, then again in 2005 to 2007, as markets again became frothy.As…

Read More
Markets News 

Why investors should take note of Warren Buffett’s mounting hoard of cash

“The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around” writes Markets Reporter for marketwatch.com. Also read: Warren Buffett’s favorite metric suggests some serious pain awaits investors Berkshire’s growing mound of money comes as the stock market is just three weeks away from making history as the longest bull market on record.He noted that Berkshire Hathaway’s cash pile grew in 1998-99, just ahead of the bursting of a tech-stock bubble, then again in 2005 to 2007, as markets again became frothy.As…

Read More
News Stocks 

Profit surges at Warren Buffett’s Berkshire Hathaway

“Warren Buffett’s Berkshire Hathaway Inc. said second-quarter net earnings surged, boosted by insurance underwriting and a change to accounting rules” writes Nicole Friedman for marketwatch.com. Berkshire holds large stock investments, and their quarterly changes in value can have a big effect on Berkshire’s net income.Berkshire reported second-quarter net earnings of $12 billion, or $7,301 per Class A share equivalent, from $4.26 billion, or $2,592 a share, in the year-earlier period.Berkshire’s insurance business sits at the core of its moneymaking machine. Source: marketwatch.com Share This:

Read More
News Stocks 

Berkshire profit surges as insurance, other businesses gain

“Berkshire said second-quarter operating profit rose to $6.89 billion, or roughly $4,190 per Class A share, from $4.12 billion, or $2,505 per share, a year earlier” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand.He has spent some money on stocks, and Berkshire said it ended June with a $47.2 billion stake in iPhone maker…

Read More
News 

Buffett’s Berkshire offers loan to owner of former Sears properties

“The financing will help Seritage boost its role as a retail and mixed-use developer across the country, its chief executive, Benjamin Schall, said in a statement” writes Midwest Communications Inc for 95kqds.com. The real-estate trust, Seritage Growth Properties , was formed as a spin-out of some of Sears’ 235 top properties into a publicly traded company of its own in 2015.A term loan facility is a financial assistance program offered by a lending institution to help a company that requires operating capital, that has to be repaid within a time…

Read More
News Regulators 

Warren Buffett is in line for a multi-billion dollar windfall after stress tests on US banks

“A pass-mark on the stress tests effectively gives banks the all-clear to ramp up dividend payments and share buybacks” writes Business Insider Australia for businessinsider.com. The US Federal Reserve announced the results of its latest banking stress tests late last week, and most US banks passed with flying colours.The stress tests were introduced after the 2008 global financial crisis in order to ensure US banks were protected in the event of another liquidity squeeze. Source: businessinsider.com Share This:

Read More
News 

Atul Gawande, New Yorker’s prize-winning writer, tapped to head Amazon-led healthcare company

“I have devoted my public health career to building scalable solutions for better healthcare delivery that are saving lives, reducing suffering, and eliminating wasteful spending both in the US and across the world” reports fastcompany.com. In an amazing decision that won lots of praise, Atul Gawande—a New Yorker writer and surgeon who won a MacArthur fellow for his work conveying modern medical practices and ethics, was chosen to lead the new healthcare company set up by Amazon, JPMorgan, and Berkshire Hathaway.I’m thrilled to be named CEO of this healthcare initiative. Source:…

Read More