Wednesday, May 12, 2021
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Stocks making the biggest moves midday: Verizon, DraftKings, Gap & more

A general view of the Draft Kings sign on the right field wall during the Major League Baseball game between the Philadelphia Phillies and the Toronto Blue Jays on September 20, 2020 at Citizens Bank Park in Philadelphia, PA.Rich Graessle | Icon Sportswire | Getty ImagesCheck out the companies

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Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices

Warren Buffett at Berkshire Hathaway's annual meeting in Los Angeles, California. May 1, 2021.Gerard Miller | CNBCWarren Buffett is seeing inflation among Berkshire Hathaway's collection of businesses as the economic recovery from the Covid pandemic kicks into high gear."We are seeing very substantial inflation," the Berkshire chairman and CEO

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Stocks making the biggest moves in the premarket: Estee Lauder, Meredith Corp., DraftKings & more

Take a look at some of the biggest movers in the premarket:Estee Lauder (EL) – The cosmetics maker reported quarterly earnings of $1.62 per share, 30 cents a share above estimates. Revenue came in slightly below forecasts, however, as sales of Estee Lauder's higher-end products were impacted by people

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Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

Charlie Munger at Berkshire Hathaway's annual meeting in Los Angeles California. May 1, 2021.Gerard Miller | CNBCBerkshire Hathaway Vice Chairman Charlie Munger's distain toward bitcoin has only intensified amid the digital asset's record run this year."Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session

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Berkshire Hathaway’s operating earnings jump, Buffett continues to buy back stock

Warren Buffett.Gerald Miller | CNBCBerkshire Hathaway's operating earnings rebounded as the conglomerate's businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace.Berkshire reported operating income of $7.018 billion in the first quarter, up 20%

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Berkshire’s annual meeting is Saturday with Buffett and Munger together again, shares at a record

Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019.Johannes Eisele | AFP | Getty ImagesWarren Buffett will kick off Berkshire Hathaway's annual shareholder meeting this Saturday riding high, with shares of the conglomerate at

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Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record

Warren Buffett.Gerald Miller | CNBCWarren Buffett's net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs.Berkshire's Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to more than 14%. That put the "Oracle of Omaha"

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Warren Buffett owns more of a Chinese electric car company than General Motors

Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show.Evelyn Cheng | CNBCBEIJING — Warren Buffett's Berkshire Hathaway conglomerate has a larger stake in Chinese electric automaker BYD than it does of General Motors, according to a

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Stocks making the biggest moves in the premarket: Hilton Grand Vacations, J&J, NRG Energy & more

Take a look at some of the biggest movers in the premarket:Hilton Grand Vacations (HGV) – The timeshare company posted a wider-than-expected loss for its latest quarter, while revenue was also below Wall Street forecasts. Hilton Grand Vacations said the pandemic has created a challenging environment but said 85%

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