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Warren Buffett made a classic rookie investing blunder when he sold Berkshire’s airline holdings in April. He panic-sold the stocks, right before the industry bottomed out in May. The big four U.S. airlines have soared since then, posting gains of up to 100%. When Warren Buffett dumped all
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Billionaire trader Bill Ackman revealed that Pershing Square sold its entire stake in Warren Buffett’s Berkshire Hathaway. Buffett has had a terrible year, and Ackman’s move is yet another sign that the veteran tycoon may be well past his best. Berkshire Hathaway has underperformed the stock market by a
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Mark Zuckerberg overtakes Warren Buffett en route to become the world’s third-richest person. Zuckerberg’s fortune soars as Facebook stock prints fresh all-time highs. Facebook’s stock is soaring despite controversial reports about its ‘divisive’ algorithms. Mark Zuckerberg is now the third richest person on the planet as shares of Facebook
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There's a lot of action happening in enterprise-grade blockchains. Big Blue's preferred chain, Hyperledger, is being tapped by three energy grid operators, a new consortium to establish digital identities for public and private organizations and has been shown to perform better than expected in a medical supply chain pilot.You're reading Blockchain
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Berkshire Hathaway increased its position in Delta by about 1.4%. Wall Street analysts have been warning against buying amid the stock market rout. Warren Buffett is not one to follow the herd. The coronavirus disease outbreak has ravaged airline stocks in the wake of global flight cancellations. While everyone
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Major Berkshire Hathaway holdings including Apple and Delta Airlines are massively exposed to the coronavirus outbreak. Warren Buffett’s company is also heavily exposed to banks and financials, which will be squeezed if Fed cuts interest rates this month. Buffett has little hedge protection against effects of the coronavirus on
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Elizabeth Warren and her supporters believe she can remain “in the race” to the convention despite her lack of any real success. Her plan? Outlast her rivals and poach their supporters when they drop out. To achieve this, Warren has to roll back her “grassroots” principles. She’s doing so
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Warren Buffett warned about the overvalued stock market. While Wall Street analysts scratched their heads, S&P 500 bulls ridiculed him. A longtime Berkshire shareholder jumped ship. Buffett was right about the stock market all along. They don’t call him “The Oracle of Omaha” for nothing. Now that the stock
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Key industries like manufacturing in China, Japan, and South Korea are on the decline. Warren Buffett’s $130 billion cash pile will put Berkshire in a strong position to make big acquisitions. The patience of Buffett is starting to pay off for investors. Manufacturing is slowing down and major economies
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The mystery that has haunted the crypto community for years… days… is finally resolved.We may never know the true identity of Satoshi Nakamoto, but we just cracked the second greatest mystery in the history of Bitcoin (BTC): what happened to the Bitcoins that Justin Sun supposedly gifted to Warren
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