Warren Buffett fully supports Apple’s plan to buy back more of its own shares. On Tuesday, the smartphone maker announced a new $100 billion stock buyback program. “From our standpoint we would love to see Apple go down in price,” he said at the Berkshire Hathaway 2018 annual shareholder meeting […]
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Facebook’s dating app has one important feature that its industry-leading rivals don’t
Facebook is launching a dating feature inside its core app for users who are single — and it looks like the service will feature at least one main difference from its rivals: Connecting people through shared events. It’s a feature that aims to distinguish the company not just from the […]
Why Albertsons sees Plated’s meal kits as the way to lure in new customers
Meal kit delivery services have been heating up over the past few years. Companies such as Blue Apron and Plated have been offering customers convenience by delivering all the ingredients for dinner plus the recipe straight to their doorstep, taking the store out of the equation. Now, meal kit companies […]
Warren Buffett says bitcoin is ‘probably rat poison squared’
Warren Buffett is still not a fan of investing in bitcoin. The Oracle of Omaha reiterated his negative view on the cryptocurrency, according to CNBC’s Becky Quick. Tweet Link Bitcoin is “probably rat poison squared,” he said. Buffett is presiding at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. […]
Buffett doubles down on doing business with gun owners, and Berkshire’s crowd erupts in applause
Omaha, Neb. — Berkshire Hathaway chairman Warren Buffett answered questions on a wide range of topics at the company’s annual shareholder meeting in Omaha on Saturday, including U.S.-China trade relations and the threat of data breaches to businesses. But his answer to a question about doing business with gun owners […]
Warren Buffett responds to Elon Musk’s criticism: ‘I don’t think he’d want to take us on in candy’
Warren Buffett disagrees with Elon Musk’s assessment of one of his main investing tenets. Buffett has long advised investors to look for companies that have a “moat,” or enough of a buffer around them to maintain a competitive advantage over industry peers in terms of brand strength and business model. […]
Here’s what mid-level compensation looks like at Amazon, Facebook, and other tech companies
A middle-of-the-pack employee at Facebook makes more than 8 times as much as Amazon‘s median employee. The revelation of that stark difference comes courtesy of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which required companies to disclose the ratio between their median paid employee’s compensation and their CEO […]
Special Counsel investigators reportedly interview Trump confidante Tom Barrack
Investigators working for special counsel Robert Mueller have interviewed one of President Donald Trump’s closest friends and confidants, California real estate investor Tom Barrack, The Associated Press has learned. Barrack was interviewed as part of the federal investigation of possible collusion between the Trump campaign and Russia in the 2016 […]
Warren Buffett: US and China will avoid an ‘extremely foolish’ trade war
Warren Buffett predicts the U.S. and China will avoid a serious trade conflict. “I don’t think either country will dig themselves into something that precipitates and continues any kind of real trade war,” he said at the Berkshire Hathaway 2018 annual shareholder meeting Saturday. “There will be some back and […]
Wells Fargo’s problems are issues every other company has to deal with, Buffett says
Wells Fargo’s fake accounts scandal is an example of a problem that is bound to plague companies over time, billionaire investor Warren Buffett said Saturday — but how management responds to the issue is what really matters. Buffett’s Berkshire Hathaway is Wells Fargo‘s biggest shareholder, with a stake it began […]