Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close

Is Your Vehicle on the "Most Hackable" List?

My first car was a bone-stock 1929 Ford Model A coupe that has been in the family since it was new.

My late grandfather – a machinist on the Lehigh Valley Railroad – drove the car as his everyday vehicle until the late 1940s. My Dad restored the car in his mid-teens and drove it through his high-school years.

And I did the same…

  • Warren Buffett

  • Warren Buffett, the "Oracle of Omaha," Tells German Audiences That the U.S. Economy is in a Deep Recession By William Patalon III Executive Editor Money Morning/The Money Map Report The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel. The United States is "already in […] Read More...
  • Dueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett's Housing Expert Sees Rebound Under Way From Staff Reports When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around. Jim Rogers, a best-selling author who co-founded the famed […] Read More...
  • Leading Candidate to Succeed Warren Buffett Relinquishes Role at Berkshire Subsidiary By William Patalon III Executive EditorMoney Morning/The Money Map Report David Sokol, widely viewed as the leading candidate to eventually replace investing guru Warren Buffett as the chief executive officer of Berkshire Hathaway Inc. (BRK.A, BRK.B), is changing jobs. Sokol announced that he plans to step down as CEO of the MidAmerican Energy Holdings Co., […] Read More...
  • Oracle of Omaha Discloses Annual Salary By Jennifer Yousfi Managing Editor For the 27th year in a row, Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett received an annual salary of $100,000. In addition, Buffett received no bonus or stock options for heading up one of the most successful investment vehicles in the world, as Berkshire Hathaway profit increased 20% in […] Read More...
  • The Oracle of Omaha Makes His Newest Pronouncement: The U.S. is in a Recession From Staff Reports According to economists, the U.S. economy isn't in a recession. Don't tell that to Warren Buffett. Buffett, the billionaire investor known as the "Oracle of Omaha," says he's seen a "significant slowdown" in the businesses that are part of his company, Berkshire Hathaway Inc., (BRK.A, BRK.B) – which tells him that the […] Read More...
  • Berkshire's Buffett Warns Government To Back Off When it Comes to Regulating the Global Cash Barons By William Patalon III Executive Editor Money Morning/The Money Map Report Critics of sovereign wealth funds say there are sinister motives behind the multibillion investments the state-run investment pools are making in U.S. and European companies. Investing guru Warren Buffett says that theory is bunk. And we agree. In his Feb. 29 letter to shareholders, […] Read More...
  • Warren Buffett's Berkshire Hathaway Crafts Deals for Kraft Foods and GlaxoSmithKline By William Patalon III Executive Editor Money Morning/The Money Map Report Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) has taken an 8.6% stake in Kraft Foods Inc. (KFT), making it the foodmaker's biggest shareholder. In a regulatory filing made late last week, the Omaha-based Berkshire also revealed that it had acquired a $76.1 million stake […] Read More...
  • Foreclosure Freeze and Warren Buffet's Bond Proposition Cause Stocks to Soar By Jason Simpkins Associate Editor U.S. stocks rallied for the second straight day yesterday (Tuesday) – posting their biggest gains so far this month – on news that major U.S. lenders would put a freeze on foreclosures, and major bond insurers were considering a Warren Buffet-sponsored bailout. After rising more than 200 points in early […] Read More...
  • Buffett Offers to Bail Out Bond Insurers, Markets Rally By Jason Simpkins Associate Editor Warren Buffett, entrepreneur and chairman of Berkshire Hathaway Inc. (BRK.A, BRK.B), offered yesterday (Tuesday) to assume responsibility for $800 billion of municipal bonds guaranteed by MBIA Inc. (MBI), Financial Guaranty Insurance Company, and Ambac Financial Group Inc. (ABK). "We offered to take over the liabilities for the whole $800 billion […] Read More...
  • How Buying Like Warren Buffett Can Boost Your Portfolio Profits By Jason Simpkins Associate Editor In investing, it's a taboo practice to follow the leader. Unless that leader is Warren Buffett. An old investing adage holds that following the masses is a formula for generating stock-market losses. Independent thinking is the key to superior returns. The exception is Buffett, the so-called "Oracle of Omaha," the […] Read More...
  • Buffett's Fourth Quarter Investment Blitz By Jason Simpkins Associate Editor Warren Buffett, chairman of the renowned Berkshire Hathaway Inc. (BRK.A, BRK.B), was able to sneak a few last minute deals in just before the ball dropped to end 2007. Putting his $45 billion cash reserves to use, Buffett has once again displayed the patience of a polar bear, tempered with […] Read More...
  • Three Ways to Profit Alongside Warren Buffett By Martin Hutchinson Contributing Editor For all you global investors out there, riddle me this: What has investment guru and Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett recently bought 20 of that we should be looking to invest in ourselves? Corporate jets? No. While a famously frugal man, he's owned several hundred of them, […] Read More...
  • Rio Sends BHP Packing; Shares Still Skyrocket 23% By Mike Caggeso Associate Editor BHP Billiton Ltd. (BHP), the world's largest mining company, said it would continue pursuing its takeover of Rio Tinto PLC (RTP) after an undisclosed bid was rejected. Rio Tinto released a statement saying its board considered the proposal and "concluded that it significantly undervalues Rio Tinto and its prospects." In […] Read More...
  • Warren Buffett and Berkshire Hathaway Purchase Stakes in 20 South Korean Firms, Including POSCO By William Patalon III Managing Editor Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett yesterday (Thursday) paid his first visit to South Korea, where the billionaire U.S. investor has invested in 20 companies, including a 4% stake in the country's Number One steelmaker, POSCO Ltd. (PKX), South Korea's Yonhap news agency said. In an email […] Read More...
  • Would Buffett Give China Mobile a Thumbs Up or Down? By Mike Caggeso Associate Editor China Mobile Ltd.'s (NYSE:CHL) 30% nine-month profit growth is just as impressive as it is worrying – to Warren Buffett at least. The world's largest mobile-phone operator credited rapid subscriber growth and gains in value-added businesses for its growth, which has handed investors 120% gains on the company's stock since […] Read More...