Stocks typically get a boost in the trading session immediately after layoff announcements but cuts don't guarantee lasting gains. Read More...
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Warren Buffett Appears to Swipe at President Biden in Shareholder Letter
Berkshire Hathaway CEO Warren Buffett’s annual letter, released on Saturday morning, included the usual homespun wisdom that his shareholders have come to expect, with modest and self-effacing reflections on his own unearned luck and fallibility. In that section, Buffett discusses companies that buy back their own shares, which he describes as a benefit to shareholders—assuming the shares are bought at a reasonable price. Berkshire Hathaway bought back $7.9 billion of its own shares last year, a decrease from 2021.
