WASHINGTON (AP) — Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index climbed 3.4 percent to 112.4 last month. It's the fourth consecutive monthly gain. The index now stands at its highest level since May 2006.
3. US stocks end lower following late-day sell-off; oil gains - Friday, April 03, 2015
NEW YORK (AP) — U.S. stocks fell Tuesday as an early advance fizzled in the last hour of trading.
Energy stocks rose with the price of oil while consumer discretionary stocks were among the biggest decliners. Utility stocks also dragged down the major indices.
4. One (day)-and-done home sales drive buyers nuts - Friday, April 03, 2015
With the dismal winter behind us, and trees beginning to glow with greenery, many are hoping the spring will sprout some listings.
In the past few months, the lack of inventory and the market’s avaricious appetite have driven frustrated buyers to the point of anger. March Madness has a new meaning with buyers at wit’s end.5. HJ Heinz buying Kraft, building a $28 billion food giant - Friday, March 20, 2015
NEW YORK (AP) — H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about $28 billion.
The Kraft Heinz Co. will own Kraft, Heinz, Oscar Mayer, Ore-Ida and large stable of other brands. Eight of those brands have annual sales of $1 billion or more and five others log sales between $500 million and $1 billon every year.
6. US market indexes slump, extending declines to a 3rd day - Friday, March 20, 2015
NEW YORK (AP) — Investors dumped high-flying technology and biotech companies and sent the stock market down for a third straight day Wednesday.
Major indexes drifted lower in early trading, following news that orders for long-lasting U.S. goods sank last month. The selling gathered strength in the afternoon, with companies like Avago Technologies and Skyworks Solutions losing the most.
7. Buffett declines to clarify plan to eventually replace him - Friday, February 27, 2015
OMAHA, Neb. (AP) — Billionaire Warren Buffett won't end speculation about his eventual successor, but he reiterated that Berkshire Hathaway's board has a plan in place.
Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire shareholders over the weekend.8. Taking stock: Realtors running out of inventory in some areas - Friday, February 20, 2015
Richard Exton, the dean of real estate appraisers, well at least a tenured gentleman, spoke to a group pf Realtors recently and provided the data reflecting the current state of the real estate market.9. US stocks inch higher on earnings, merger news - Friday, November 07, 2014
NEW YORK (AP) — U.S. stocks are inching higher in afternoon trading Thursday as traders respond to generally positive corporate earnings results. DreamWorks soared on a report that Hasbro is trying to buy the movie company. The price of oil fell to a four-year low.10. US housing recovery appears to be back on track - Friday, August 22, 2014
WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.11. Berkshire Hathaway stock tops $200,000 - Friday, August 15, 2014
OMAHA, Neb. (AP) — The stock price of Warren Buffett's Berkshire Hathaway topped $200,000 for the first time Thursday.
Class A shares of Berkshire jumped past the milestone to an all-time trading high of $201,740 Thursday morning.12. US stocks creep higher following earnings news - Friday, August 08, 2014
NEW YORK (AP) — The U.S. stock market crept higher Thursday following a mixed batch of corporate news. In Europe, investors brushed aside more worrying news on the economy and nudged markets up.13. US stocks bounce back after worst week since 2012 - Friday, August 01, 2014
Solid earnings from Berkshire Hathaway and a bank rescue in Europe gave investors enough encouragement to send stock prices higher.
The market was coming off its worst week since 2012.
14. Stock market manages slight gain after choppy day - Friday, May 16, 2014
NEW YORK (AP) — Good results from retailers and demand for telecommunications shares market helped push the stock market to a small gain on Friday.
Telecoms rose the most among the 10 industries in the Standard & Poor's 500 index. Their jump followed news that Warren Buffett's Berkshire Hathaway made a new investment in Verizon Communications. Other big-name investors, including John Paulson, also reportedly took stakes. Verizon climbed $1.11, or 2 percent, to $49.07.
15. Warren Buffett praises General Motors' new CEO - Friday, May 02, 2014
OMAHA, Neb. (AP) — Investor Warren Buffett says General Motors' new CEO would do a great job running any business, and she is the best person to handle the company's recall problems.
Buffett said on CNBC on Monday that he was impressed with Mary Barra when he met her at a conference last fall.16. Buffett says economy continues to grow steadily - Friday, February 28, 2014
OMAHA, Neb. (AP) — Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic about the future.
Buffett appeared on the business cable channel CNBC Monday morning after releasing an upbeat annual letter to his Berkshire Hathaway shareholders over the weekend. Buffett is chairman and CEO of the Omaha, Neb., conglomerate.17. Are you really bidding against yourself? - Friday, February 14, 2014
“I am not going to bid against myself.” That’s a popular sentence these days, and a growing number of real estate buyers and sellers delight in their utterance of this proclamation.18. Facebook's Mark Zuckerberg biggest giver in 2013 - Friday, February 07, 2014
SEATTLE (AP) — Mark Zuckerberg and his wife, Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock, valued at more than $970 million, to a Silicon Valley nonprofit in December.19. Consider selling momentum, buying contrarian - Friday, January 17, 2014
The S&P 500 has been the world’s performance bell cow since the great recession on the relative strength of the U.S. economic recovery.
The S&P 500 has outperformed the MSCI All World ex USA All Cap Index by 17 percent over the last year, 11 percent annualized over the last three years, and 5 percent annualized over the last five years.20. Buffett says allowing US default would be idiocy - Friday, October 11, 2013
OMAHA, Neb. (AP) — Billionaire Warren Buffett said Wednesday it would be idiocy for the nation's leaders to allow the United States to default on its bills.
Buffett is a renowned investor who leads the Berkshire Hathaway conglomerate. He appeared Wednesday on CNBC.21. Combined net worth of America's richest rises - Friday, September 13, 2013
NEW YORK (AP) — Life is good for America's super wealthy.
Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.
22. Stocks slip on a quiet day on Wall Street - Friday, August 02, 2013
NEW YORK (AP) — A quiet day of trading left stock indexes mixed Monday.
There was little in the way of news to shake the market out of a summertime stupor, other than a report from the Institute for Supply Management that the U.S. service sector expanded in July, helped by a rise in new orders.
23. Buffett gives 5 charities $2.6B in Berkshire stock - Friday, July 05, 2013
OMAHA, Neb. (AP) — Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc. stock as part of his overall plan to give away his fortune gradually.24. Treasury to sell 30 million shares of GM stock - Friday, May 31, 2013
DETROIT (AP) — The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.25. Stocks close lower on Fed stimulus worries - Friday, May 31, 2013
NEW YORK (AP) — The Federal Reserve guessing game threw the markets for another loop Tuesday.
Comments from a Fed official raised expectations that the Fed could start easing off its support for the economy soon, sending the stock market sharply lower in the late afternoon. The market recovered in the last hour of trading to end with slight losses.
26. Stocks rise as lackluster reports ease Fed concern - Friday, May 24, 2013
NEW YORK (AP) — A pair of lackluster economic reports eased concern that the Federal Reserve would pull back on its economic stimulus, pushing stocks higher on Wall Street.
The number of Americans filing for unemployment benefits rose and an initial estimate of first-quarter economic growth was revised slightly lower. That suggests the U.S. economy may still need some time to recover from its funk and that the Fed will keep up its $85 billion in monthly bond purchases.
27. Buffett says Federal Reserve has boosted stocks - Friday, May 03, 2013
OMAHA, Neb. (AP) — Investor Warren Buffett says the Federal Reserve's efforts to keep interest rates low have helped the stock market soar, but the improving economy also plays a role.
Buffett appeared Monday morning on the cable channel CNBC after a weekend full of events for Berkshire Hathaway Inc. shareholders.28. Buffett: bonds are terrible investments today - Friday, May 03, 2013
OMAHA, Neb. (AP) — Billionaire Warren Buffett says he doesn't like owning bonds right now, and he doesn't think average investors should either.
Buffett said on CNBC on Monday that bonds are a terrible investment at the moment and owners of long-term bonds may see big losses when interest rates eventually rise.29. Buffett says women key to nation's prosperity - Friday, May 03, 2013
OMAHA, Neb. (AP) — Billionaire Warren Buffett is optimistic about America's economic future because the nation has begun to unleash the potential of women.
Buffett's views on the role of women appeared online Thursday in an editorial he wrote for Fortune magazine (http://cnnmon.ie/ZBFiri).30. Chinese automakers struggle against global rivals - Friday, April 12, 2013
SHANGHAI (AP) — These should be good times for Chinese automakers as they prepare to show off their latest models at the Shanghai auto show.
Their home market is the world's biggest and growing. But independent automakers such as Chery and Geely are being squeezed by bigger, richer global rivals including General Motors and Nissan that have moved into turf the Chinese makers considered their own: low-priced models for local tastes. Domestic brands account for less than half of their own market.31. AP sees slight revenue decline in 2012 - Friday, April 12, 2013
NEW YORK (AP) — The Associated Press said Monday that its revenue declined slightly in 2012 because U.S. elections and the Olympics drew less interest than expected, but it was largely successful in replacing lost revenue with increased sales of video and photos.32. Burger King CEO to take Heinz reins after deal - Friday, April 05, 2013
PITTSBURGH (AP) — Burger King CEO Bernardo Hees will take the top job at Heinz following its acquisition by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.33. Forbes: Slim world's richest for 4th year in a row - Friday, March 01, 2013
NEW YORK (AP) — Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.34. Buffett: Stocks are good buy; ketchup is forever - Friday, March 01, 2013
Warren Buffet says stocks are a good investment, long-term government bonds are a dumb one, and ketchup is forever.
The billionaire investor covered a range of topics in a CNBC interview on Monday, including his purchase of ketchup maker Heinz, the "meat ax" of automatic budget cuts, and what's going to happen when the Federal Reserve stops pumping money into the economy.35. Quiet period could lead to frisky phase - Friday, February 22, 2013
Buyer Intent Building By some analysis, the last two weeks have exhibited the lowest stock market volatility since 1986.
While sideways markets are boring, they also reduce anxieties. On average, since 1980, the S&P 500 experienced intra-year declines of 15 percent.36. Buffett's firm dips into $23B Heinz ketchup deal - Friday, February 08, 2013
NEW YORK (AP) — Billionaire Warren Buffett is dipping into the ketchup business as part of a $23.3 billion deal to buy H.J. Heinz Co., uniting a legend of American investing with a mainstay of grocery store shelves.37. Stocks end little changed after Fed rally fizzles - Friday, December 07, 2012
NEW YORK (AP) — Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out.
The Dow Jones industrial average closed down 2.99 points at 13,245.45. It had risen as much as 81 points after the Fed said earlier in the day that it would extend a bond-buying plan and keep interest extremely low.38. Gates, Buffett again top Forbes' billionaires list - Friday, September 14, 2012
NEW YORK (AP) — Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.39. Buffett says general economy slowing this summer - Friday, July 13, 2012
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast with what he has been saying for a couple years. Buffett has said the economy was gradually improving since the fall of 2009 in every area except businesses related to housing.40. JPMorgan Chase launches rally; Dow closes up 204 points - Friday, July 13, 2012
NEW YORK (AP) — JPMorgan Chase blew away a cloud of concern hanging over the banking industry Friday and set off a rally in stocks. Relieved investors drove up bank stocks, ended a six-day losing streak for the market and sent the Dow Jones industrial average up 204 points, the best day this month.41. Buffett says general economy slowing this summer - Friday, July 06, 2012
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast with what he has been saying for a couple years. Buffett has said the economy was gradually improving since the fall of 2009 in every area except businesses related to housing.42. Buffett says odds of a US recession 'very low' - Friday, June 01, 2012
WASHINGTON (AP) — The U.S. economy isn't likely to slip back into a recession, despite recent economic reports signaling the recovery has lost momentum, Warren Buffett said.
Speaking at the 25th anniversary dinner of the Economic Club of Washington late Tuesday, the billionaire investor said he sees the odds of a renewed recession as "very low."43. Buffett's Berkshire to buy Media General papers - Friday, May 18, 2012
NEW YORK (AP) — Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.44. Buffett's Berkshire to buy Media General papers - Friday, May 11, 2012
NEW YORK (AP) — Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.45. Stocks fall on Europe, worrisome economic reports - Friday, May 11, 2012
NEW YORK (AP) — Stocks slipped Thursday after a couple of downbeat economic reports from the U.S. and unease over Europe overshadowed positive earnings from the largest American retailer and an encouraging jobs report.46. Buffett says investors shouldn't act on headlines - Friday, May 04, 2012
OMAHA, Neb. (AP) — Billionaire Warren Buffett says he avoids buying into businesses like Facebook because it's too hard to estimate what they might be worth.
Buffett said on CNBC on Monday that he doesn't really have an opinion on Facebook and Google because it's hard to determine their value and how they will fare in the future.47. Buffett says stocks, homes are fairly cheap now - Friday, February 24, 2012
OMAHA, Neb. (AP) — Billionaire Warren Buffett said Monday that stocks remain relatively cheap compared to other investments as the economy continues to improve. He also said that the company he heads is prepared to replace him whenever the need arises.48. Close but not quite for the Dow in push for 13,000 - Friday, February 24, 2012
A burst of selling at the closing bell drove the Dow lower after it hovered around the milestone for most of the afternoon. The average finished the day about 19 points shy of the mark.
The Dow broke through 13,000 several times last week but hasn't closed above that level since May 19, 2008, four months before the fall of Lehman Brothers investment bank and the worst of the financial crisis.49. Buffett gave $42M in stock to 8 unnamed charities - Friday, January 27, 2012
OMAHA, Neb. (AP) — Billionaire Warren Buffett donated stock in his company worth $41.6 million to eight unnamed charities during the second half of 2011.
Buffett revealed the donations Wednesday in a year-end update on his Berkshire Hathaway Inc. stock holdings.50. Buffett hints about new US stock investments - Friday, November 11, 2011
OMAHA, Neb. (AP) — Investor Warren Buffett says his company bought $10.7 billion of IBM stock this year, about a 5.6 percent stake.
Buffett revealed the new investment during an interview on CNBC Monday. Buffett's company, Berkshire Hathaway Inc., will file a full quarterly update on its U.S. stock portfolio Monday afternoon.51. Ex-Goldman board member surrenders in trading case - Friday, October 21, 2011
NEW YORK (AP) — A former Goldman Sachs board member surrendered to federal authorities Wednesday to face criminal charges stemming from a massive hedge fund insider trading case.
Rajat Gupta was taken into federal custody, but the charges were not immediately disclosed.52. GE 3Q profit rises 18 percent - Friday, October 21, 2011
NEW YORK (AP) — General Electric Co. said Friday that its third-quarter profit rose 18 percent as its lending business continues to rebound.53. Bank of America shares soar after Buffett invests $5 billion - Friday, August 19, 2011
CHARLOTTE, North Carolina (AP) — Warren Buffett's Berkshire Hathaway is investing $5 billion in Bank of America, sending its shares soaring by 24 percent.
Buffett said Thursday he had called Moynihan to ask about investing because he considered Bank of America to be a strong company with good leadership.54. Buffett sees risks in failing to hike debt ceiling - Friday, July 01, 2011
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett says Congress is playing a dangerous game by considering not raising the U.S. debt ceiling.
The CEO and chairman of the conglomerate Berkshire Hathaway Inc. said Thursday on the cable TV network CNBC that there is no way to tell what might happen if the debt limit is not increased, but it's a dangerous idea.55. Wal-Mart remains atop Fortune 500 list - Friday, April 29, 2011
NEW YORK (AP) — Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.56. Departing Berkshire exec wants to start own firm - Friday, March 25, 2011
OMAHA, Nebraska (AP) — The high-ranking Berkshire Hathaway executive who suddenly resigned this week says he wants to start his own investment firm patterned after Warren Buffett's company.
David Sokol appeared on CNBC Thursday, one day after Buffett announced that Sokol had resigned. Many investors believed that Sokol had been the leading candidate to eventually replace Buffett as Berkshire Hathaway's CEO.