Warren Buffett, Wells Fargo’s biggest fan, says the Federal Reserve is making him reduce his stake in the embattled bank.
Buffett’s Berkshire Hathaway (BRKB) disclosed in a regulatory filing on Wednesday that it sold 7.1 million shares of Wells Fargo (WFC) for $384 million this week. It intends to sell an additional 1.7 million shares of Wells soon.
Warren Buffett. Image source: The Motley Fool.
Since the beginning of 2016, Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) has seen the value of the seven bank stocks in its investment portfolio increase by $5.6 billion, or 10.8%.
That’s a lot of money, butwhen you compare it to how blue-chip bank stocks performed more generally, something interesting sticks out. While Berkshire’s....More>>>
Emily Varnam wants to protect the environment and eschew big business, so she tries to buy local food, dresses in secondhand clothing and doesn’town a car.
The27-year-olddoula also chooses her feminine hygiene products based on her personal philosophies.
She no longer uses tampons and other products made by giant consumer products companies, opting instead for more natural, eco-friendly....More>>>
The fourth quarter of 2016 was the first quarter since the second quarter of 2014 that Macau’s gaming market grew at all. And the signs of life have given new hope to gaming investors with exposure to the world’s biggest gaming market.
But Las Vegas Sands Corp. (NYSE:LVS) may not have had as strong a quarter as competitors like Melco Crown Entertainment Ltd (NASDAQ:MPEL) and Wynn....More>>>
31% Cut in Social Security Benefits Needed by 2031: CBO
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The Best and Worst ETFs of 2016: Morningstar
U.S. charities and foundations are on edge about how the stated policies of the incoming Trump administration and the Republican-majority Congress will play out in the coming year.
Nonprofit groups could see the....More>>>
By Brenda Bouw
Concierge services. Treadmill desks. “Free-address” seating with no assigned spots. Large, open collaborative spaces. These are just some of the physical characteristics of the modern workplace.
CBRE Amsterdam Office, Credit: Aveq
While they may sound like (optional) employee perks and simple design tweaks, such changes to the look....More>>>
The Q4 2016 earnings report formid cap proppant and fracking stock U.S. Silica Holdings Inc (NYSE: SLCA)is scheduled for after the market closes onWednesday (February 22nd). Proppant and fracking stockswere crushed by low oil prices; but with oil prices stabilizing, drilling activity coming back to the oil patches.
A technical chart for mid cap U.S. Silica Holdings shows a nice uptrend....More>>>
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AK Steel Holding Corporation (NYSE: AKS) shares are trading higher by $0.14 (4.6 percent) at $4.24 in Monday's session. Investors took note....More>>>