Dow Futures Rocket but Warren Buffett’s $128 Billion Skips Overpriced Market

Dow Jones Industrial Average (DJIA) futures rocket 117 points on Monday thanks to US-China trade optimism. But billionaire Warren Buffett remains cautious of market prices, pulling out of an acquisition deal after being outbid. Berkshire Hathaway still sits on a record $128 billion cash pile, reluctant to enter a frothy market. Dow Jones Industrial Average …

Warren Buffett’s Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?

As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what’s keeping Berkshire buoyant despite the $3 billion Kraft Heinz writedown in Q1. That resulted in a $4.3 billion …

Tron’s Justin Sun Prepares Media Extravaganza for Warren Buffett Lunch

 Given the already high-profile nature of Justin Sun’s upcoming lunch with billionaire Warren Buffett, you might think he would play his cards close to the vest. Not Sun, who is milking the auction prize for all it’s worth. He announced on social media that he’s selected San Francisco’s Quince, a “three-Michelin starred restaurant in…historic Jackson …

Buffett’s Berkshire Scammed Out of $340 Million by Solar Ponzi Fraud

By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend. In the filing, the holding …

Elon Musk, Warren Buffett Spar After Berkshire Billionaire Disses Tesla

By CCN: Billionaire Elon Musk joked about Warren Buffett after the Berkshire Hathaway chairman dissed his plans to launch Tesla insurance and said he’d bet against it. At the Berkshire Hathaway annual shareholders meeting this weekend, Buffett questioned the wisdom of a Tesla insurance product, which Musk plans to launch soon. Warren Buffett: I’d Bet …

Warren Buffett Is Wrong on Cannabis And It’s Hurting Coca-Cola’s Stock

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: “There’s something …

Amazon Stock Jumps After ‘Idiot’ Warren Buffett Reveals Berkshire Stake

By CCN: Billionaire Warren Buffett gave Amazon stock a jolt today after revealing that he owns AMZN shares and was “an idiot” for not investing in the e-commerce giant sooner. As of this writing, Amazon stock was trading at $1,961, up 3.19%, on above-average volume of 4.85 million shares. Average daily trading volume is 4.17 …

Warren Buffett Buys Amazon Stock; is ‘Rat Poison’ Bitcoin Next?

By CCN.com: Berkshire Hathaway just bought its first Amazon shares, Berkshire founder and CEO Warren Buffett revealed to CNBC Thursday night. On the eve of an annual Berkshire shareholders meeting in Omaha, Buffett told CNBC that someone at Berkshire’s asset management desk just invested in some Amazon shares, but “it wasn’t me.” “One of the …

The Best Way To Know Bitcoin Is A Conservative Investment

Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)… Here’s the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, “probably rat poison squared” even, as Warren Buffet …