My firm has bought 1st Amazon shares, says Buffett

Philanthropist Warren Buffett at the Forbes Media Centennial Celebration at Pier 60

Results excluded operating earnings tied to Berkshire's 26.7 percent stake in Kraft Heinz Co because the food company has not released its own audited quarterly results, Buffett told reporters before the annual meeting.

"I'm a card-carrying capitalist", Buffett said.

GEICO, the USA auto insurer known for its mascot, a green, British-accented gecko, was one of Buffett's first big moves. The news led to Amazon shares surge 2.3 per cent in the pre-market trade on Friday.

Buffett, whose 54-year investment career has made him one of the richest men in the world, has previously hailed Amazon founder Jeff Bezos and last year Berkshire announced a joint healthcare venture with Amazon and JPMorgan Chase. Buffett has repeatedly praised Amazon and its CEO Jeff Bezos in the past. Previous year he dumped the last of his stake in IBM, blaming some of the troubles at the company on Amazon.

Читайте также: Guardiola hails ‘legend’ Aguero as Man City inch closer to title

The Berkshire Hathaway 2019 Annual Shareholders Meeting kicked off early Saturday morning with Warren Buffett and Charlie Munger delivering welcome statements.

Buffett's assistants did not immediately respond to a message seeking comment. Although Buffett has always been a fan of Amazon, he has never bought shares of Amazon. One exception was International Business Machines Corp. Approaching $1 trillion valuation once more, Apple stock is up more than 32% this year. His US$10 billion investment in the computer giant in 2011 was a curiosity for Berkshire Hathaway and it did not end well.

We spoke to folks at Brooks Shoes, who showed off its footwear designed for shareholders, which happen to be the same ones they gave Warren Buffett. On February 14, the entire FAANG (Facebook, Amazon, Apple, Google, and Netflix) pack closed with losses despite the NASDAQ Composite (QQQ) closing in the green. Knowing this, a headline that Berkshire Hathaway was buying shares in Amazon would understandably generate interest in the markets.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог



Latest news

‘Avengers: Endgame’ midnight crowd might have been exposed to measles, officials warn
Health officials are urging anyone who believes they were exposed to check their vaccine record and call their doctor for advice. The disease is highly contagious and spreads through the air when an infected person coughs or sneezes.

Nets’ D’Angelo Russell cited for marijuana possession at LaGuardia Airport
The NBA did not comment Thursday about the bust, but previous cases showed Russell might be penalized. TMZ reports that the basketball player had a "breakout season".

Facebook Announces Release Date For Oculus Quest and Oculus Rift S
It is also possible to order a $499 version of the Oculus Quest with 128 GB of storage, while the $399 version has 64GB. Quest also features Oculus Insight with four built-in sensors to offer full positional, six degree-of-freedom tracking.

Trump says decision on McGahn testimony coming
While House Democrats have already asked Mueller to testify, Senate Democrats, as the minority in that chamber, are more limited. Nadler's letter capped a week of escalating confrontation between Barr and Democrats in the House and Senate.

Whale Discovered With Harness Could Be From Russian Military
The US Navy's Marine Mammal Program uses trained bottlenose dolphins and sea lions for a variety of search and recovery missions. Video shared by an employee of Norway's Directorate of Fisheries shows authorities in the water with a Beluga whale.

Julian Assange starts extradition fight from United Kingdom prison
The Swedish claims against Assange date back to 2010, when he was at the centre of a global storm over WikiLeaks' exposures. The offense carries a maximum penalty of five years behind bars, but Assange's legal team fears more charges will follow.

Facebook Bans Alex Jones, Farrakhan, Yiannopoulos And Other 'Dangerous' Figures
Yiannopoulos, another alt-right social media star, publicly praised McInnes this year, and Loomer appeared with him at a rally. While this new ban won't please some free speech advocates, it does clear up where Facebook stands on the subject.

India cyclone: 800,000 evacuated from eastern districts as landfall nears
Bangladesh disaster management chief Mohammad Hashim said that 3,600 cyclone shelters had been opened in 13 coastal districts. Local media reports say there are more than 850 shelters in the state that can accommodate around one million people.

Key takeaways from AG Barr's testimony, Mueller's letter
Barr did". "This is exactly what I was concerned about: that he would be more the president's lawyer than the people's lawyer". For most of Wednesday, Barr underwent at times scathing questioning by Democratic senators on the Senate Judiciary Committee.

Europa League semifinal scores: Arsenal, Chelsea closing in on championship matchup
Sarri has had to draft in Cesar Azpilicueta to fill in at centre-back to ease some of their troubles. But we want to get to the Champions League through the Premier League.

The Best Looks From the 2019 Billboard Music Awards Red Carpet
She will compete for top artist along with Drake - who will also attend - Post Malone, Ariana Grande and Travis Scott. Taylor already did that back on her Fearless tour.

China urges UK not to discriminate against Huawei in 5G development
Lui acknowledged security risks must be taken seriously, but can't "be allowed to incite fear" or hurt cooperation. The highly controversial decision was reportedly made at a meeting of Britain's National Security Council.

85-Year-Old Japanese Emperor Abdicates The Throne
Legend has it that Japan's ruling dynasty was founded by the Emperor Jimmu, whose accession is traditionally dated to 660 BC. President Donald Trump's message said America and Japan will renew the bonds of friendship in the new era.

Google parent's shares dive as YouTube changes, competition hurt revenue
Digital advertising through the Google search engine, Youtube video-sharing network and other platforms drive its profits. Google CEO Sundar Pichai reiterated those remarks, saying that the entire industry was facing "year-on-year headwinds".

To Discourage Migration, Trump Orders Asylum Seekers Pay Fees to Apply
Trump also wants to charge asylum-seekers to process their asylum and employment authorization applications. Under U.S. law, asylum seekers that have a credible fear of return can seek review in immigration courts.

Other news