Category: Warren

Warren Buffett: ‘American magic’ will spur US economic recovery – Breitbart
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Warren Buffett: ‘American magic’ will spur US economic recovery – Breitbart

Washington (AFP) – Billionaire investor Warren Buffet said Saturday he’s confident the US economy will bounce back from its pummeling by the coronavirus pandemic because “American magic has always prevailed.” The 89-year-old made the sanguine prediction about the world’s largest economy as his holding company Berkshire Hathaway reported first-quarter net losses of nearly $50 billion.…

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Warren Buffett Still Preparing for a Market Crash With $137 Billion Cash Pile
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Warren Buffett Still Preparing for a Market Crash With $137 Billion Cash Pile

Warren Buffett is still sitting on a $137 billion cash pile. Instead of “buying the dip” Berkshire Hathaway went selling in Q1. That’s a gloomy stock market prophecy from the Oracle of Omaha. The 2020 bear market isn’t over yet. Berkshire Hathaway’s (NYSE:BRK.A) first-quarter report for 2020 proves Warren Buffett expects another stock market crash…

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Warren Buffett Is Quietly Calling the Stock Market’s Bluff
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Warren Buffett Is Quietly Calling the Stock Market’s Bluff

The S&P 500 has rallied off its lows despite bad economic data. Warren Buffett continues to add on to his $128 billion cash stockpile. Buffett’s Berkshire Hathaway is poised to make a tremendous fortune should the markets collapse. Warren Buffett has been remarkably quiet during this time of historic turmoil. The legendary investor has a…

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Elizabeth Warren Endorses Joe Biden for President
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Elizabeth Warren Endorses Joe Biden for President

Sen. Elizabeth Warren (D-MA), a former 2020 candidate who quit the Democrat primary race last month, endorsed former Vice President Joe Biden for president on Wednesday morning. “Joe Biden has spent nearly his entire life in public service. He knows that a government run with integrity, competence, and heart will save lives and save livelihoods. And we can’t…

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Warren Buffett May Become World’s Richest Man – He Just Needed Another Crisis
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Warren Buffett May Become World’s Richest Man – He Just Needed Another Crisis

Warren Buffett is in the business of saving companies to make a profit. The Oracle of Omaha looks to apply the same strategy as the novel coronavirus strangles multiple sectors of the economy. While helping businesses, Buffett’s enormous cash reserves allow him to make significant acquisitions. In 2008, Warren Buffett dethroned Microsoft co-founder Bill Gates…

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Warren Buffett Is About to Benefit From a $50 Billion Airlines Bailout
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Warren Buffett Is About to Benefit From a $50 Billion Airlines Bailout

U.S. airlines are in dire straits as a result of the coronavirus global pandemic. Berkshire Hathaway has a significant stake in four major U.S. airlines. A previous bailout earned Warren Buffett $10 billion five years after the fact. The coronavirus global pandemic has heavily impacted the travel industry. U.S. airlines, including those owned by Berkshire…

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