Warren Buffett is ready to step down as the CEO of multinational conglomerate Berkshire Hathaway. Buffet announced his decision while speaking at the company’s annual shareholder meeting on Saturday.
Buffet said that the only Berkshire board members who were informed about the decision were his...
Warren Buffett’s Berkshire Hathaway continues to trim Apple stock from its portfolio. Berkshire’s third-quarter earnings have shown that the conglomerate sold around 25% of the iPhone maker’s shares it held previously.
Buffett started investing in Apple back in 2016 and eventually bought so many shares...
Warren Buffet’s multinational conglomerate Berkshire Hathaway recently continued to reduce its stake in Bank of America, selling $760 million worth of shares in early September. This brought Berkshire’s sales of BofA’s stock to around $7 billion since July.
No one really knows why Buffet and...
Warren Buffett’s Berkshire Hathaway has slashed its large holdings of Bank of America stock. In a regulatory filing made this week, Berkshire revealed the conglomerate sold 34 million BofA shares for $1.48 billion.
The sale comes after the BofA stock jumped 7.28% this past month...
American investor and businessman Warren Buffett made another significant donation to charity on Friday, confirming his reputation as the largest philanthropist in the world. Buffet donated $5.3 billion in shares of his conglomerate Berkshire Hathaway to five charities.
The biggest donation, consisting of around $4...
For the past three regulatory filings, Warren Buffett’s Berkshire Hathaway has been keeping one of its stock holdings confidential. Now, the conglomerate revealed that the secret stock has been the insurance company The Chubb Corporation.
In a regulatory filing made on Wednesday, Berkshire revealed that...
