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Bank of America said its third-quarter profit rose 13% as higher interest rates helped the bank inch closer to meeting long-held profitability goals.
If stock markets die in euphoria, as Sir John Templeton once famously said, then what transpired on CNBC’s Halftime Report on Friday may be the closest to the sort of exuberance that might make the British ...
Billionaire investor Warren Buffett on Tuesday says Berkshire Hathaway is holding off on selling winning investments until it sees whether a Republican push to cut corporate taxes is successful.
Buffett normally buys stocks for the long term with less focus on tax issues. Berkshire has said it ended June with more than $135 billion of equity investments, which Buffett mainly controls and holds for the long term.
Warren Buffett, the chairman of Berkshire Hathaway Inc (Sao Paolo: BERK34.SA - news) , on Saturday (Shenzhen: 002291.SZ - news) faulted Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening, causing a scandal. Wells Fargo (Swiss: WFC-USD.SW - news) , whose largest shareholder is Berkshire with a 10-percent stake worth roughly $27 billion, gave employees too much autonomy to engage in "cross-selling" multiple products to meet sales goals, Buffett said. This "incentivized the wrong type of behavior," and former Chief Executive John Stumpf, who lost his job over the scandal, was too slow to fix the problem, Buffett said.
Gregory Abel, chief executive of the energy unit of Warren Buffett's Berkshire Hathaway Inc, was awarded $17.52 million in compensation last year, mainly in the form of a bonus, a regulatory filing shows. ...
Warrenn Buffett's letter came as the US grapples with a sharp controversy over President Trump's crackdown on the estimated 11 million undocumented people living in the country