The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies. The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states,…
BECKY QUICK: We are sitting down right now with Warren Buffett, the chairman of Berkshire Hathaway, who, for the first time in 60 years, has been watching all of this from the audience instead of being onstage. And last year at this time, Warren, you surprised everyone with the announcement that you were stepping down…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire shares suffer longest losing streak in more than 7 years Shares of Berkshire Hathaway have lost ground for eight consecutive days. It…
Warren Buffett, Bill and Melinda Gates Lacy O’Toole | CNBC But in a major article this week, the Times says that over the past two years, “there has been a growing backlash from the billionaires who are its target donors,” including a “quiet campaign by one pro-Trump tech billionaire to destroy it.” Peter Thiel tells the Times he has privately…
The stocks erased some of those losses to end the week down around 1.2%. CNBC.com’s Yun Li quotes Keefe, Bruyette & Woods analyst Meyer Shields as saying he views “both the resumed share repurchases and Greg’s commitment to annual buying as positives, but they don’t change the earnings challenges at units like GEICO or Berkshire Hathaway…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Abel: Berkshire’s culture and values ‘remain unchanged and will continue into perpetuity’ In his first letter to Berkshire Hathaway shareholders, new CEO Greg Abel…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire was a net seller of stocks in Buffett’s final quarter as CEO Zoom In IconArrows pointing outwards Berkshire has sold Apple shares…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway’s new CEO likes the surprise course reversal announced this week by the new CEO of Kraft Heinz. In the food company’s Q4 earnings…
We’re through the busiest part of the earnings season storm, with most of the world’s biggest tech firms already in. Nonetheless, this week brings numbers from two more portfolio names — plus, three important economic reports. According to FactSet, nearly three-quarters of the 59% of S & P 500 companies that have reported quarterly results…
Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Big Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting…
