business news

Berkshire cuts Apple investment by about 13%, Buffett hints that it’s for tax reasons

OMAHA, Nebraska — Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of…

Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion

Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled…

Why election polls were so wrong in 2016 and 2020 — and what’s changing to fix that

2014 was the first year Lonna Atkeson remembers receiving hate mail. Atkeson, a political scientist who researches election surveys and…

Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, ‘Poor Charlie’s Almanack’

OMAHA, Neb. — Warren Buffett’s annual shopping event, the pregame to Berkshire Hathaway‘s annual meeting, is wowing shareholders flocking here…

Guo Wengui chief of staff Yvette Wang pleads guilty to $1 billion fraud conspiracy in New York

The chief of staff to controversial exiled Chinese businessman Guo Wengui pleaded guilty in New York on Friday to a…

Immigrant workers are helping boost the U.S. labor market

The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age…

Talent war between family offices and Wall Street drives up salaries

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the…

Berkshire Hathaway’s big mystery stock wager could be revealed soon

Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…

Jobless rates rise in April for all racial groups except Black Americans

The unemployment rate for Black Americans fell in April, bucking the overall trend, according to data released Friday by the…