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Finance

Warren Buffett makes big donation before Thanksgiving, assures shareholders Berkshire is built to last

Warren Buffett donated more than $870 million in Berkshire Hathaway stock to four family foundations before Thanksgiving, assuring investors in a letter…
Economy

‘Funflation’ drives sporting event ticket prices up a whopping 25%

Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…
Finance

Legendary value investor’s firm launches new fund targeting ‘quality’ stocks

Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm’s first active ETF: the…
Finance

Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself

Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded…
Finance

Burberry shares sink 9% as luxury spending slowdown bites

LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will…
Finance

Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul

Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
Finance

UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’

UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
Finance

New fund bets big on Eisenhower-era stocks

Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known…
Finance

IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica

Warren Buffett reportedly traded stocks in his personal account that his conglomerate Berkshire Hathaway was buying and selling, a practice…
Finance

UBS resumes selling the bonds at the heart of Credit Suisse controversy

UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…