It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
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Berkshire Hathaway sold $36.1 billion of stock in the third quarter, including several billion dollars of Apple and Bank of America stock.
Berkshire Hathaway slashed its stake in Apple by nearly 40%, helping grow the Omaha company’s cash pile to more than $270 billion.
The market appeared yawn-inducing at the broad index level, but there was a flurry of activity under the hood.
Berkshire Hathaway’s legendary investor admitted that he doesn’t have any idea how to put $189 billion of cash to effective use.
The Oracle of Omaha warned investors to not expect “eye-popping” performance in the coming years.
Occidental Petroleum, the oil giant in Berkshire Hathaway’s portfolio, announced it is acquiring CrownRock in a deal worth $12 billion.
Berkshire Hathaway’s third-quarter earnings report on Saturday revealed how Warren Buffett weathered the past three months.
The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.