Warren Buffett's Berkshire Hathaway boosts its stake in Amazon to more than $1 billion (AMZN, BRK.B)

Credit: Business Insider- Published 1 week ago
· *Warren Buffett-led Berkshire Hathaway raised its stake in Amazon by 11% in the second quarter, bringing its total investment to more than $1 billion, according to a regulatory filing.*
· *The same note showed Berkshire cutting its stake in Charter Communications by 5% and bumping its ownership of US Bancorp by 2.4%.*

Credit: The Street
Published 1 week ago -  00:42
3 Things to Watch: Futures Point to Recovery, Amazon, Walmart Help Lift Markets
U.S. futures are pointing to a solid open Thursday, August 15, as markets attempt to recover from an 800 point selloff of the Dow on Wednesday, August 14, as investors got spooked an inverted Treasury yield curve. Whether markets hang on to their early gains remains to be seen however, after China's Finance Ministry said that it would take "necessary action" to counter the U.S. latest trade threats. Shares of Walmart were rising sharply after the company beat analysts' top- and bottom-line estimates while also raising full year earnings guidance. The company reported its 20th consecutive quarter of U.S. growth, though it did say it had to slightly raise prices due to its exposure in China. Meanwhile, rival Amazon got a boost after Warren Buffett's Berkshire Hathaway announced that it increased its stake in the e-retailer by 11% in the second quarter. Premium Pick: Just How Low Could Interest Rates Go in This Environment? Jim Cramer: This Market Is About the Yield Curve, Not the Fundamentals Earnings Preview: Nvidia Earnings: 3 Things to Watch TheStreet Feature: Behind the Smile: Inside Walmart TheStreet Explains: How to Use a P/E Ratio When Picking Stocks Dog Days of Summer: Why Investors May Be Seeing the End of the Dog Days of Summer Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

You are here

Recent related videos from verified sources

Warren Buffett and Other Famous Entrepreneurs Reveal Their First Job Ever 00:58
Credit: GOBankingRates - Published 5 days ago 

Kraft Heinz writes down $1 bln 00:59
Credit: Reuters Studio - Published 2 weeks ago 

Jeff Bezos Sold Over 500,000 Amazon Shares Last Week And Almost Made $1B 00:33
Credit: Veuhub - Published 2 weeks ago 

Jeff Bezos Sells $1.8 Billion of Amazon Stock in 3 Days 00:56
Credit: Wibbitz Top Stories - Published 3 weeks ago 

Warren Buffett Wants You to Avoid Making This Mistake When Teaching Your Kids About Money 01:18
Credit: Buzz60 - Published 3 weeks ago 

How the Cloud Is Impacting Google and Amazon's Earnings 01:52
Credit: The Street - Published on July 26, 2019 

Google Beat on Earnings -- How Much of That Was Driven By YouTube? 01:03
Credit: The Street - Published on July 26, 2019 

You might like