Coronavirus Augurs a World of Pain for Stock Market Whiz Warren Buffett

Major Berkshire Hathaway holdings including Apple and Delta Airlines are massively exposed to the coronavirus outbreak. Warren Buffett’s company is also heavily exposed to banks and financials, which will be squeezed if Fed cuts interest rates this month. Buffett has little hedge protection against effects of the coronavirus on the stock market. Warren Buffett may …

Dow Jones Rally Has Even the Biggest Bulls Fearful, And It’s a Bad Sign

The Dow Jones rally is heating up so fast it has big bulls on Wall Street worried. Low earnings growth and the over-confidence of investors signal that a pullback is likely. Top money managers expect the stock market to return to fair value in the short-term. The Dow Jones Industrial Average (DJIA)’s longest-running bull run …

Was Warren Buffett Right Again? Stocks Crumbled Days After He Walked Away From a Deal

The U.S. stock market plunged in a sharp 2-day correction. Warren Buffett has been frugal throug the past year, unable to complete major deals. He walked away from a $6 billion deal days before the market pulled back. Analysts have struggled to understand the rationale behind Warren Buffett-led Berkshire Hathaway’s $128 billion cash reserve. Now, …

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 …

Alex Rodriguez’s Investment Acumen Impresses Warren Buffett

One of the world’s most successful investors, Warren Buffett of Berkshire Hathaway, sent baseball legend Alex Rodriguez a gift via the media. Warren Buffett lauded Alex Rodriguez’s business sense. That could mean great things for A-Rod. Hello London! So happy to be here. Can’t wait for @RedSox vs @Yankees at London Stadium Saturday on @MLBONFOX & …

Tron CEO’s $4.6M Lunch Is in July in San Francisco

By CCN Markets: Tron CEO Justin Sun has set July 25 as the date for his $4.6 million lunch with billionaire investor Warren Buffett. And it’s going to take place in Silicon Valley instead of Manhattan, as originally scheduled. Justin Sun’s Bid Was Record-Setting Sun made the announcement on Twitter, where he revealed that he …

Justin Sun Says Warren Buffett Has Been ‘Misled’ on Crypto & Blockchain

By CCN: Tron Founder Justin Sun rocked Wall Street when he made the winning bid for the coveted lunch with billionaire investor Warren Buffett. In one fell swoop, he was able not only to capture the attention of bitcoin-hater Buffett but also CNBC’s Becky Quick, who until now has echoed the sentiment of her golden …

Tech-Averse Warren Buffett’s Company Wolfs $900 Million in AMZN Stock

By CCN: By the end of Wednesday’s trading, Warren Buffett’s company Berkshire Hathaway had a stake in Amazon’s stock worth $904 million, an SEC disclosure reveals. To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon’s stock only puts Berkshire Hathaway in control of 0.1% of the e-commerce giant’s …

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 …

Warren Buffett Buys the Slump on Dubai’s Plummeting Property Market

By CCN.com: Billionaire investor Warren Buffett has announced plans to enter Dubai’s real estate market. His company, Berkshire Hathaway, is surprisingly eyeing an expansion into Dubai at a time when the region’s real estate market is slumping. Boom and Bust Cycles Ever since the oil slump of 2014, Dubai’s economy never fully recovered. Prices have …