Will Biden’s Gas Tax Holiday Make a Difference?

Many economists say suspending federal taxes on gas will not significantly cut prices for consumers.

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Warren Buffett Faces Renewed Climate Change Challenge by Investors

Mr. Buffett has pushed back against investors who want to force Berkshire Hathaway to do more to reduce greenhouse gas emissions.

#alternative-and-renewable-energy, #berkshire-hathaway-inc, #buffett-warren-e, #electric-light-and-power, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #shareholder-rights-and-activism, #stocks-and-bonds

Who Is on the New Gates Foundation Board?

In the wake of Bill Gates and Melinda French Gates’s divorce, their foundation adds members to its new governing board.

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Berkshire Hathaway’s Profit Fell in the Third Quarter

The conglomerate’s results reflected the turmoil in financial markets and the broader slowdown in U.S. economic growth.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #munger-charles-t, #stock-buybacks, #stocks-and-bonds, #united-states-economy

Bill Gates Can Remove Melinda French Gates From Foundation in Two Years

Following their divorce, they will continue to work together for now at the foundation, which they gave an additional $15 billion in resources, and will add new independent trustees.

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Two-Year Trial Period for Gates Foundation After Divorce

Following their divorce, they will continue to work together for now at the foundation, which they gave an additional $15 billion in resources, and will add new independent trustees.

#buffett-warren-e, #gates-bill, #gates-melinda, #microsoft-corp, #philanthropy

Buffett Weighs In on Tax-Free Philanthropy

The Berkshire Hathaway chief, who has given away billions, asks whether donations should keep their special status.

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Warren Buffett Resigns from the Gates Foundation.

Mr. Buffett, a longtime friend of Mr. Gates, did not give a reason for his action, which comes weeks after the couple announced their divorce.

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Warren Buffett and the Myth of the ‘Good Billionaire’

There is no way to be a billionaire in America without taking advantage of a system predicated on cruelty.

#buffett-warren-e, #gates-bill, #high-net-worth-individuals, #income-inequality, #income-tax, #philanthropy, #propublica

Fat Cats on a Hot Tin Roof

Pay up, Monopoly Men; freeloading isn’t cool. 

#bezos-jeffrey-p, #buffett-warren-e, #income-inequality, #income-tax, #infrastructure-public-works, #tax-evasion, #taxation, #wealth-taxx

The Real Tax Scandal Is What’s Legal

The wealthiest Americans live by a different set of rules, lavishly spending money that isn’t taxed as income.

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The Gateses’ Public Split Spotlights a Secretive Fortune

Their marital estate is enormous and complex, containing assets as varied as stocks and farmland. Divvying it up could have implications for philanthropy.

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The Separate Worlds of Bill and Melinda Gates

They built an empire that was essential in the pandemic. Now, their impending divorce makes personal a shift that confidants say was well underway in their philanthropic roles.

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Berkshire Hathaway Shows a Rebound From the Pandemic

The company reported a nearly 19 percent year-on-year gain in the first quarter, as its subsidiaries — from railroads to energy companies to consumer brands — improved their performances.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #los-angeles-calif, #munger-charles-t, #omaha-neb

Warren Buffett Fights Proposals on Climate and Diversity

The Berkshire chief opposes shareholder proposals on climate and diversity.

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Warren Buffett Opposes Climate and Diversity Proposals for Berkshire

Berkshire Hathaway’s shareholders are expected to follow the chairman’s lead and reject demands for more disclosures.

#berkshire-hathaway-inc, #buffett-warren-e, #corporate-social-responsibility, #shareholder-rights-and-activism

These C.E.O.s Didn’t Sign Onto a Letter Defending Voting Rights

Hundreds of leaders and companies signed a letter opposing strict limits. They did not.

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Hundreds of Companies Unite to Oppose Voting Limits, but Others Abstain

Amazon, Google, G.M. and Starbucks were among those joining the biggest show of solidarity by businesses over legislation in numerous states.

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Berkshire Hathaway’s Earnings Slowed Last Year

But its results were bolstered by a soaring stock market in the fourth quarter, Warren Buffett said in his annual letter to investors.

#berkshire-hathaway-inc, #buffett-warren-e

Has Business Left Milton Friedman Behind?

The economist taught a generation of corporate leaders that profit should be their main motive. A new group of C.E.O.s begs to differ.

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Profits Rebound at Warren Buffett’s Berkshire Hathaway

Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.

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Doris Buffett, the Family’s ‘Retail Philanthropist,’ Dies at 92

Her younger brother, Warren, entrusted her with vetting requests after he announced his intention to donate nearly his entire fortune. “Warren loves to make money and I love to give it away,” she said.

#berkshire-hathaway-inc, #buffett-doris, #buffett-warren-e, #deaths-obituaries, #omaha-neb, #philanthropy

Stock Markets Ignore Bad News on Infections, Earnings

Daily virus cases are setting records and fears are rising that the economic recovery is fizzling. Investors seem unfazed.

#ambani-mukesh-d, #buffett-warren-e, #coronavirus-2019-ncov, #coronavirus-reopenings, #musk-elon, #united-states-economy, #washington-redskins

Warren Buffett Buys Pipeline in Biggest Deal for Years

The acquisition of a gas pipeline is Berkshire Hathaway’s largest in years, quelling investor anxiety about its recent drought of deal-making.

#berkshire-hathaway-inc, #buffett-warren-e, #coronavirus-2019-ncov, #dominion-energy, #mergers-acquisitions-and-divestitures, #natural-gas, #pipelines

How Berkshire Hathaway May Have Been Snookered in Germany

A unit of Warren Buffett’s empire paid an inflated price for a pipe maker that used fake sales to look profitable, an arbitration panel concluded. The firm was close to bankruptcy.

#arbitration-conciliation-and-mediation, #berkshire-hathaway-inc, #buffett-warren-e, #frauds-and-swindling, #germany, #mergers-acquisitions-and-divestitures, #precision-castparts-corporation, #schulz-wolfgang, #wilhelm-schulz-gmbh

Warren Buffett Isn’t Buying Anything

Unlike his spending spree during the 2008 financial crisis, the Berkshire Hathaway chief is keeping his wallet closed.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #j-crew-group, #shopping-and-retail

Warren Buffett’s Optimistic? Pessimistic? No, Realistic

Between the lines of “You can bet on America” were warnings not to be overconfident in predicting what the future might hold.

#banking-and-financial-institutions, #berkshire-hathaway-inc, #buffett-warren-e, #coronavirus-2019-ncov, #economic-conditions-and-trends, #united-states-economy

Berkshire Hathaway Lost $49.7 Billion in First Quarter Stung by Coronavirus

The huge loss reflects the hit that the crisis has inflicted on Warren E. Buffett’s vast conglomerate.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov

A Big, Once-Reliable Source of Investor Cash Is Drying Up

The losses aren’t coming just from the drop in stock prices. The effect of the dividend cuts sweeping through the market will hurt, too.

#banking-and-financial-institutions, #buffett-warren-e, #coronavirus-2019-ncov, #corporations, #economics-theory-and-philosophy, #mutual-funds, #private-equity, #quarantines, #recession-and-depression, #siegel-jeremy-j, #standardpoors-500-stock-index, #stock-buybacks, #stocks-and-bonds, #thaler-richard-h, #yardeni-edward

Some Companies Seeking Bailouts Had Piles of Cash, Then Spent It

They poured the money into stock buybacks and dividends. Now, those hurting from the pandemic want government aid.

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