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Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices

Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now "unraveling.""It's so easy to overdo a good idea. ... Look what happened to Robinhood from its peak to its trough. Wasn't that pretty obvious that something like that was going to

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Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a "gambling parlor."Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages."Wall Street makes money, one

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From Dairy Queen to Brooks Running, Berkshire Hathaway’s businesses seeing an impact from inflation

Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways.In March, the Federal Reserve's preferred inflation gauge rose 5.2%, and the central bank is starting to raise interest rates, trying to thread the needle

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Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCBerkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate's fourth biggest equity holding.The "Oracle of Omaha's" Chevron investment was

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Berkshire earnings decline in the first quarter on slowing economic growth, stock market pullback

Warren BuffettGerry Miller | CNBCWarren Buffett's Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy.The company's net earnings came in at $5.46 billion, down more than 53% from $11.71 billion in the year-earlier period.Berkshire's operating earnings — which

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Gold falls this month; Fed meet, Akshay Tritiya to guide prices in May

Gold was on a rollercoaster ride this month and ended lower, marking its first such decline in three months in April. Price rose in the early half of the month but lost momentum close to $2,000/oz level and corrected sharply to near $1,870/oz level before moving back close to $19,00/oz

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Here’s what it’s like to attend Warren Buffett’s shopping carnival for shareholders

Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCBerkshire Hathaway shareholder meeting's pregame is nothing short of an extravaganza.Thousands of Berkshire shareholders flocked to Omaha, Nebraska, this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors

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Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger

Warren Buffett is set to kick off Berkshire Hathaway's annual shareholder meeting Saturday on a high note, with the "Oracle of Omaha" finally back in the deal-making game and the conglomerate's outperforming stock crossing a key milestone.With tens of thousands of shareholders in attendance, this year's "Woodstock for Capitalists" will return

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