(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire Hathaway’s B shares have rebounded 7.2% higher since their near-term closing low of $459.11 on August 4.At that point, they had dropped almost 15% in the wake of Warren Buffett’s surprise announcement in early May that he will be stepping down as CEO at the end of the year.That gives BRKB a YTD gain of 8.6%. (The A shares are up 8.5%)Zoom In IconArrows pointing outwardsZoom In IconArrows pointing outwardsAs Apple gains, Berkshire has…
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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of the market fared better, according to a new report.Despite the steady stream of headlines about eye-popping sales and soaring prices in Manhattan real estate, the median price per square foot for Manhattan condos is essentially flat from a decade ago, according to a report from Brown Harris Stevens. One in…
Timothy Mellon, seen outside an inspection train during a property tour in 1981. Exact date and location unknown.AP PhotoA mystery donor whose $130 million is meant to pay U.S. military during the government shutdown is Timothy Mellon, an heir to a renowned Gilded Age family, The New York Times reported Saturday, citing two people familiar with the matter.But Mellon’s donation works out to only about $100 per service member. And the donation might run afoul of the law, the Times noted.When President Donald Trump announced the donation at the White House on Thursday, he did not name the individual who…
Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above 6,800 for the first time ever before closing just below that level. Both stock benchmarks finished Friday with record-high closes. Propelling stocks on the final day of the trading week was an encouraging read on the consumer price index for September , which was released…
There are nearly 4 million health and personal care aides in the U.S.In fact, health and personal care aides were the most common job Americans held as of May 2024, earning an annual median salary of $34,000, according to a CNBC Make It analysis of the latest data available from the U.S. Bureau of Labor Statistics.Other common occupations held by Americans include retail salespeople, registered nurses, customer service representatives and fast food and counter workers, though the results vary slightly by geography.The most popular job in Chicago, the third-largest U.S. city by population, involves manual labor. Workers who move freight,…
Passive investing through exchange-traded funds may be losing its appeal.Tidal Financial Group Chief Revenue Officer Gavin Filmore finds many of his clients are no longer satisfied with buying popular ETFs tied to market indexes. “I think investors are looking beyond just the let’s call it the ‘VOO and chill approach’ where you just buy the index in an ETF, which is a great approach but they’re looking for diversification,” Filmore told CNBC’s “ETF Edge” this week.” “And they’re not finding it within the product or within the index, so they have to look beyond that.” Filmore refers to the Vanguard S&P 500…
Don’t feel guilty if you can’t make it to your kids’ after-school sports practices, says two-time Olympic gold medalist Abby Wambach.Leaving your kids with their teammates and coaches — without your supervision — can make them more resilient, conscientious and internally motivated athletes, the former U.S. Women’s National Team soccer star said in an Oct. 21 interview on NBC’s “TODAY Show.” All of those traits can help them grow up to become successful adults, parenting experts say.”Drop your kids off … Sit in your car, play on your phone, do whatever you want to do, read a book, go for a…
Intel delivered a third-quarter revenue beat , but Wall Street is still practicing caution when it comes to the tech stalwart. In its third quarter, the chipmaker posted revenue of $13.65 billion, which was higher than the $13.14 billion analysts polled by LSEG had expected. Intel’s adjusted earnings of 23 cents per share was not comparable to analyst estimates. In its fourth quarter, the company expects revenue to come in at $13.3 billion at the midpoint, slightly below forecasts of $13.37 billion. Intel expects adjusted earnings per share to come in at 8 cents, meeting current forecasts. Overall, analysts adopted…
People walk along a street amid rain caused by Tropical Storm Melissa, in Santo Domingo, Dominican Republic on Oct. 23, 2025.Eddy Vittini | ReutersTropical Storm Melissa neared hurricane strength Saturday and was expected to rapidly intensify this weekend, as forecasters warned of massive rainfall and life-threatening flooding and landslides in the northern Caribbean.An astounding 35 inches (89 centimeters) of rain was anticipated in southwest Haiti.The erratic and slow-moving storm has killed at least three people in Haiti and a fourth person in the Dominican Republic, where another person remains missing.Up to 25 inches (64 centimeters) of rain was forecast for…
Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025.Tom Brenner | The Washington Post | Getty ImagesThis is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Here are five key things investors need to know to start the trading day:1. Flat tireAll eyes were on Tesla yesterday, when the electric vehicle maker became the first Magnificent Seven company to report earnings for the new season. Investors weren’t impressed: Though quarterly revenue was higher than a year ago, snapping two down quarters, earnings per…
