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Thanks to COVID-19 shutdowns, America’s middle class may be suffering — American small business owners may be gasping for last breaths, limping on last legs — but the billionaire class is making out like a bandit. “America’s billionaires saw their wealth increase by 20%, or $584 billion, roughly since the beginning of the pandemic,” according …
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After making billions on the pandemic in March, Bill Ackman is on the lookout for a new investment. The founder and CEO of Pershing Square Capital Management has reportedly filed for what’s known on Wall Street as “a blank-check IPO” — or a public offering meant to raise money for an acquisition or merger. In …
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Billionaire Warren Buffett may have a toxic mess on his hands. Benjamin Moore — the giant paint company owned by Buffett’s Berkshire Hathaway — “illegally buried hazardous waste” on a potentially contaminated property in Los Angeles and then tried to hide evidence of its involvement, according to an explosive new lawsuit. In the suit, filed …
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Bill Ackman told investors that his hedge fund has sold its $1 billion stake in Warren Buffett’s Berkshire Hathaway. The hedge-fund billionaire, a longtime outspoken Buffett acolyte, explained that the move was made to give his fund, Pershing Square Capital Management, the cash it needs to make the kind of investments that the 89-year-old Buffett …
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Warren Buffett took a call from comedy legend Bill Murray during Berkshire Hathaway’s virtual annual meeting on Saturday, prompting a serious discussion on income inequality. Murray, a Berkshire shareholder known for his role in films like “Caddyshack” and “Ghostbusters,” submitted his question through a moderator at this year’s remote event, according to CNBC. “This pandemic …
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Airline stocks took a nosedive Monday after investing icon Warren Buffett said he dumped his company’s stake in the four major US carriers. Shares in American Airlines, Delta Air Lines and United Airlines each plunged at least 14 percent Monday after the billionaire Berkshire Hathaway boss said his conglomerate has completely abandoned its investments in …
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Berkshire Hathaway annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers. The meeting and surrounding festivities that Buffett calls “Woodstock for Capitalists” normally draw more than 40,000 …
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Hedge fund billionaires like Nelson Peltz are looking to mimic Warren Buffett’s strategy of investing in distressed companies through preferred shares as the coronavirus wreaks havoc on the economy, The Post has learned. Large hedge funds like Peltz’s Trian Partners and Howard Marks’ Oaktree Capital Management have been scouring the globe for opportunities to plow …
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Extraordinary times call for extraordinary measures. It’s time for the brightest in business to use the bulging billions on their balance sheets to help save the US economy. A consortium of Apple, Warren Buffett and JPMorgan need to lead us out of this mess by pooling $200 billion and leveraging resources for the good of …
Thanks to COVID-19 shutdowns, America’s middle class may be suffering — American small business owners may be gasping for last breaths, limping on last legs — but the billionaire class is making out like a bandit. “America’s billionaires saw their wealth increase by 20%, or $584 billion, roughly since the beginning of the pandemic,” according …
