Warren Buffett’s Berkshire boosts Amazon bet, attracts Ackman

17 Août, 2019, 15:41 | Auteur: Auguste Feret
  • Berkshire Hathaway boosts stake in Amazon 11%

Warren Buffett's Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11 per cent during the second quarter, as USA stock indexes traded near record highs.

According to the filing made by Berkshire Hathaway, the company now owns 537,300 shares in Amazon and it has a total value of $1.02 billion. The company boosted its bet on US Bancorp by 2.4% to a stake valued at $6.9 billion as of June 30.

This story has not been edited by Firstpost staff and is generated by auto-feed. However, in a new development, it has emerged that Warren Buffett's Berkshire Hathaway has made a decision to raise its stake in the world's biggest e-commerce company. It also cut investment in Charter Communications by 5%, even after the cable company's stock surged 14% during the quarter. Berkshire officials don't generally comment on these quarterly filings.

Berkshire sold its 31% stake in USG, a wallboard maker that was acquired by the German company Knauf KF in April, after Buffet labeled it a disappointing two-decade investment. The famous investor-duo also hasn't pursued any major acquisitions in recent years. Berkshire liquidated about $1 billion more worth of stocks in Q2 than it purchased during the first quarter of 2019.

Accused Sydney CBD stabber formally charged
Her mother Joanne told Nine News Ms Dunn was a "beautiful, loving woman who had studied at university and travelled widely" . The 24-year-old also enjoyed travels through Fiji and Europe, visiting the latter with Australian owned tour group Contiki.

Matt LaFleur: Not a necessity to see Aaron Rodgers in preseason
Instead, DeShone Kizer , Tim Boyle and Manny Wilkins struggled against a defence that a year ago was ranked No. 1 in the NFL. As if Green Bay Packers fans needed another reason to love their star quarterback, Aaron Rodgers has given them a big one.

Démission du directeur général Rupert Hogg — Cathay Pacific
Les États-Unis ont mis en garde Pékin contre une répression des manifestants. Mais le risque de nouvelles échauffourées est réel.

While he could have tried to oust executives and board members - something he has done at companies ranging from Canadian Pacific to Chipotle - Ackman said it made more sense to just leave.

In the past, Buffett has mostly avoided tech stocks because he said he didn't understand them well enough to invest in them. In this regard, it is interesting to note that Berkshire Hathaway increased its stake when the company's shares were trading at record highs.

Berkshire's stock price is more than 12% below its record high set in October.

"These structural competitive advantages of Berkshire's insurance business are enduring and will likely further expand", Ackman wrote, adding that Buffett should also be known as the "world's greatest insurance company architect and CEO".


  • Kristen Wiig Got Engaged to Her Longtime Boyfriend Avi Rothman

    Rothman is a writer, actor, producer and director who trained at the Groundlings theater in L.A., where Wiig also trained. Kristen first sparked engagement rumours in May after she was spotted wearing an eye-catching diamond on her ring finger.
    Hong Kong protesters kick off new weekend of rallies

    Hong Kong protesters kick off new weekend of rallies

    Mobilized through social media, the Stop Riots in Hong Kong rally was predominantly made up of Chinese students living Down Under. Meanwhile, a second pro-Hong Kong rally was held in Melbourne's CBD after protesters clashed with Chinese nationalists overnight.
    Slipknot showgoer dies after reportedly collapsing outside of mosh pit

    Slipknot showgoer dies after reportedly collapsing outside of mosh pit

    During the video, you can hear Taylor address the crowd. "No one is fucking getting hurt on my fucking watch". Other attendees commented that Richard was seen having a great time, and talking up other concertgoers.
  • Ruiz Jr. balks at fighting Joshua in Saudi Arabia

    Ruiz Jr. balks at fighting Joshua in Saudi Arabia

    World heavyweight boxing champion Andy Ruiz Jr wants his December title rematch with Anthony Joshua in NY instead of Saudi Arabia. Of course but it's gonna be on my terms and our terms, we're gonna bring it back here in the United States'.
    L'étrange nouvelle publicité de Cristiano Ronaldo (vidéo)

    L'étrange nouvelle publicité de Cristiano Ronaldo (vidéo)

    La suite est plutôt surprenante puisque Ronaldo se lance dans une petite chorégraphie étonnante sur un rythme enjoué. Seulement, sa dernière apparition dans une opération marketing paraît spéciale, pour ne pas dire ridicule.
    ‘No first use’ of nukes policy is open to review: Rajnath

    ‘No first use’ of nukes policy is open to review: Rajnath

    The timing of the veiled threat comes particularly on the heels of spiraling tensions between the two nuclear-armed neighbors. Parrikar, who died previous year , had said India was a responsible nuclear power and 'it would not use it irresponsibly'.
  • Afghan govt seeks guarantees from US

    Afghan govt seeks guarantees from US

    Roggio continued, adding of the Taliban that "whatever counterterrorism guarantees they give are garbage, that is a big lie". Even in kickstarting that effort, the top U.S. diplomat said that Trump remains committed to a "conditions-based drawdown".
    U.S.  advances sale of F-16 fighters to Taiwan

    U.S. advances sale of F-16 fighters to Taiwan

    The chairman and ranking member of the House Foreign Affairs Committee, Reps. House Foreign Affairs Committee Chairman Eliot L.
    FDA approves new drug for deadly tuberculosis

    FDA approves new drug for deadly tuberculosis

    T he TB Alliance was formed to come up with better treatments, and i t has been working on the new drug since 2002. Treatment for drug-susceptible TB lasts 6 months.
  • Neymar devrait rester, ce journaliste climatise tout le monde — PSG

    Neymar devrait rester, ce journaliste climatise tout le monde — PSG

    Ney est réticent à signer quoi que ce soit, mais il semble déjà clair que Florentino Pérez a en tête une signature du Brésilien cet été.
    Brooklyn Nets confirm sale of controlling interest to Joe Tsai

    Brooklyn Nets confirm sale of controlling interest to Joe Tsai

    Altogether, Tsai is going to be spending about $3.3 billion for the team and the Barclays Center - which is setting a record. Alibaba Group Executive Vice Chairman Joseph Tsai is upping his ownership stake in the Brooklyn Nets .
    Local Fox reporter Nancy Parker among 2 killed in plane crash

    Local Fox reporter Nancy Parker among 2 killed in plane crash

    She was a fixture on New Orleans television for more than 20 years. "Our thoughts and prayers are with them". The plane went down about a half-mile away from New Orleans' Lakefront Airport.


'French Spiderman' scales Hong Kong skyscraper with 'peace banner'
He was banned from climbing buildings in the former British colony for a year last August. It was the third time Robert climbed the Centre, which is owned by Cheung Kong Holdings.

China vows immediate retaliation if United States proceeds with new tariffs
Trump's tariff delay coincided with recession fears in US markets sending stocks to their biggest one-day loss since October. Trade Representative said it would delay the tariffs on some products, including popular consumer goods, until December 15.

Brésil, Tite justifie la sélection de Neymar
Il s'entretient aussi avec Ricardo, son préparateur physique personnel, et s'entraîne normalement avec son club. Je souhaite qu'il prenne la meilleure décision pour son venir. "Ce n'est pas à moi de me prononcer".

Steve Bullock buys domain mocking reports of Donald Trump seeking Greenland purchase
President Donald Trump is expected to meet with senior U.S. officials to review a potential peace plan with Taliban. On Thursday, The Wall Street Journal reported that "in meetings, at dinners and in passing conversations, Mr.

Warren Beating Biden and Bernie in Iowa
Kamala Harris at 8%, and former representative Beto O'Rourke tied at 5% with Mayor Pete Buttigieg to round out the top six. The Sanders' campaign is dismissing the poll; claiming the media has largely turned on Bernie since 2016.

New England Patriots: Tom Brady will never be a coach
In the meantime, Brady is preparing to make a run toward his seventh championship ring. This isn't a surprising response from Brady.

Alessia Cara impersonates Billie Eilish, Amy Winehouse on 'Tonight Show'
Alessia Cara is back and ready for more. "I love you", she laughed and apologized before beginning her impression. You can also watch Alessia Cara perform with Juanes on The Tonight Show Starring Jimmy Fallon below.

Lakers: Cousins terrassé par une blessure au genou !
Il devait être l'une des pièces maîtresses des nouveaux Lakers version LeBron James - Anthony Davis pour la saison 2019-2020 . La nouvelle recrue des Los Angeles Lakers souffre d'une rupture des ligaments croisés et voit sa saison déjà terminée.

La société Deliveroo quitte l’Allemagne : 1000 livreurs précaires sur le carreau
Toutefois, " l'entreprise n'exclut pas de revenir sur le marché à l'avenir ". Racontez-nousFaut-il boycotter les plateformes de livraison de repas?

Rashida Tlaib's grandmother says she's 'proud' of her pro-Palestinian stance
Later, Trump said the two lawmakers were "very anti-Jewish and very anti-Israel". "They are a disgrace", the president stated . On Thursday, Tlaib asked the interior minister for permission to go there so she could visit her grandmother.