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Gallup: Family of four needs an average $58,000 a year
NEW YORK, Nov. 7 (UPI) -- Warren Buffett considered the third quarter a good time to go shopping for stocks, a Berkshire Hathaway regulatory filing revealed.
In July, August and September, Buffett's investment firm bought $20 billion in stocks, a significant increase from the second quarter, when Berkshire Hathaway bought $3.6 billion in stocks and the first quarter, when the firm spent $1 billion, CNNMoney reported Monday.
Buffett's biggest shopping day for the third quarter was the first day of trading after Standard & Poor's cut the U.S. credit rating, for the first time ever, from a triple A rating to AA+.
The S&P 500 index dropped more than 6 percent, which Buffett said later was "like buying on sale."
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| Additional Business News Stories | |
SAN ANTONIO, May 20 (UPI) --
BP has take "a significant step" toward selling a California oil refinery and regional retail networks to Tesoro Corp. after getting U.S. federal approval.
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WASHINGTON, May 20 (UPI) --
Commercial space activities may soon utilize a NASA launch pad at the Kennedy Space Center in Florida that was designed for the Apollo space program.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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