Seadrill Announces First Quarter 2024 Earnings Release and Conference Call

The Canadian Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last year's $35.5 billion, or $24,377 per A share. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encou
Barrons.com
‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.
Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday. Buffett also shot down speculation that Ted Weschler or Todd Combs, who together run about 10% of Berkshire Hathaway’s equity portfolio, had purchased the Paramount stake, taking responsibility for the investment himself. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett.
Simply Wall St.
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After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Each province has released their budget for the upcoming year and collectively are facing higher spending and record-size debt. Alberta and New Brunswick are the only provinces to publish balanced budget projections compared to eight of the 10 provinces reporting a surplus two years ago, when a strong national economy and high commodity pri
Deadline
Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest …
Reuters
Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
The Canadian Press
Five things to watch for in the Canadian business world in the coming week
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Associated Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
The Motley Fool
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GOBankingRates
Robert Kiyosaki: ‘Buy Gold, Silver, Bitcoin While You Still Can’
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Seadrill Announces First Quarter 2024 Earnings Release and Conference Call

Latest Stories

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.

Canadian Natural Resources (TSE:CNQ) Has Announced A Dividend Of CA$1.05

5 TSX Stocks With High Dividend Growth to Buy Now

Enbridge Inc. (TSE:ENB) Has A ROE Of 9.4%

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says

Mark Cuban’s 5 Best Passive Income Ideas

For 'the price of a new truck' you can buy a dream retirement home abroad — but consider these 3 things first

Oil Advances After Weekly Slump as Saudi Arabia Jacks Up Prices

Here's Why We Think Microsoft (NASDAQ:MSFT) Might Deserve Your Attention Today

Apple Stock Secrets: How To Make $500 a Month With Dividends

Provincial governments facing higher debts and more financial pressure

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Berkshire pares huge Apple stake as cash, operating profit set records

Five things to watch for in the Canadian business world in the coming week

Passive Income: How to Make $33 Per Month Tax-Free by Doing Nothing

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Smartest Dividend Stocks to Buy With $500 Right Now

Robert Kiyosaki: ‘Buy Gold, Silver, Bitcoin While You Still Can’