Disney's three streaming services each has a clear target audience, an analyst said. DIS stock rose to lead the Dow's advance. Read More...
Warren Buffett Sounds Off on Bank Stocks, Streaming, and His Successor
In Warren Buffett’s first extensive comments since Berkshire Hathaway annual meeting last April, the CEO discussed his distinctive hands-off management style, his decision to sell most of Berkshire’s bank stockholdings, and his surprisingly downbeat view of the streaming business and Paramount Global, given that Berkshire is the company’s largest shareholder. Buffett’s comments from Japan on Japanese stocks and the U.S. banking system in the CNBC interview Wednesday generated headlines, but he had plenty more to say about a wide range of topics that should interest investors in Berkshire Hathaway (ticker: BRK.A, BRK.B). Berkshire’s Class A shares are up 4.3%, at $488,350, year to date.