Warren Buffett released the most widely anticipated shareholder letter of the year on Saturday and discussed how Berkshire Hathaway’s business fared throughout 2019. In the letter, consistently published each year for decades, Buffett urged investors to focus on their companies’ operating earnings instead of obsessing over quarterly or yearly losses or gains. He also discussed the speculative nature of equity trading, the recent difficulty in finding a big acquisition target, his faith in Berksh

3:58 pm: Virus cases surge in South KoreaThe number of coronavirus cases tripled in South Korea on Saturday, according to the Korea Centers for Disease Control and Prevention, with the number of confirmed cases in the country surging to 433 from 156 over a 24-hour period. The surge in cases adds to fears among health officials that the virus, which has spread to 28 countries, could turn into a global pandemic. More than half of the cases in South Korea are connected to the Shincheonji Church of

Democratic presidential candidate Sen. Bernie Sanders (I-VT) speaks during a campaign rally at University of Nevada February 18, 2020 in Las Vegas, Nevada. Already, about 75,000 votes have been cast, according to state party officials. Nevada Democrats under scrutiny after Iowa debacleThe Nevada Democratic Party is doing everything it can to avoid the stunning tech failure that doomed the Iowa caucuses earlier this month and marred the results of the first nominating contest. Last cycle, Latino

And yet more than 3,000 people in the state were served arrest warrants arising from an unpaid loan between September 2017 and September 2018, according to a new report on payday loans by the Consumer Federation of America. Each year, 12 million Americans use short-term, high-interest rate “payday” loans. Interest rates on storefront payday loans are, on average, almost 400%. Many people find themselves in “debt-traps,” borrowing payday loan after payday loan, and forced to skip basic living exp

People fill out paper ballots during early voting at the Culinary Workers union Monday, Feb. 17, 2020, in Las Vegas. As results trickled in, reports emerged from a handful of locations that confusion about the vote-counting rules — and how early voting factored into the final tallies — was also delaying the process. The Nevada Democratic Party has asked the presidential campaigns to send staffers to different locations to expedite the check-in process or even act as precinct chairs, according to

Warren Buffett says stocks are the place to be invested in for the long haul if interest rates and corporate taxes remain near current levels. Stocks got off to a hot start in 2020, with the S&P 500 and other major U.S. averages reaching all-time highs. Last year, the S&P 500 surged more than 28% to keep the longest bull market in U.S. history going. The market got another jolt at the end of 2017, when the Trump administration slashed the U.S. corporate tax rate to 21% from 35%. He noted that oc

Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. Read it below. Download the letterSubscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Curl is among a broad swath of executives within Silicon Valley who are avid fans of Lord of the Rings, or LOTR for short. The three books were “The Fellowship of the Ring,” “The Two Towers” and “The Return of the King,” collectively “The Lord of the Rings” by J.R.R. “I’ll reference ‘Lord of the Rings’ things a lot, and I want them to understand what I’m saying.” Curl is among a broad swath of executives in Silicon Valley who are avid fans of “The Lord of the Rings,” or LOTR. Evernote Creative D

Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, which highlighted the stocks the Oracle of Omaha is most heavily invested.

Senator Bernie Sanders, an Independent from Vermont and 2020 presidential candidate, speaks during a campaign event in Las Vegas, Nevada, U.S., on Friday, Feb. 21, 2020. Joe Buglewicz | Bloomberg via Getty ImagesSen. Bernie Sanders will win the Nevada Democratic caucus, NBC News projected Saturday, strengthening his early pole position in the race for the presidential nomination. A volunteer tallies the votes during the Nevada caucuses to nominate a Democratic presidential candidate at the caucu

China’s central bank will take further steps to support the virus-hit economy, including releasing more liquidity and lowering funding costs for firms, a vice governor of the bank told state media. We are confident and able to offset the impact of the epidemic,” Liu told the newspaper. Liu reiterated that the central bank will not resort to “flood-like” stimulus. “We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s econom

That’s particularly true of Tokyo’s handling of the Diamond Princess, a cruise ship stuck in quarantine off the coast of Yokohama as growing numbers of its 3,700 passengers and crew fell sick or were evacuated. Prime Minister Shinzo Abe should be basking in the limelight this year in the run-up to the 2020 Tokyo Olympics. Instead, the virus outbreak that has spread from China to even remote parts of Japan has Abe and his ruling Liberal Democratic Party playing defense. As of Friday, Japan had re

India’s Prime Minister Narendra Modi (L) attends a meeting with US President Donald Trump during the G20 Osaka Summit in Osaka on June 28, 2019. “He will raise these issues, particularly the religious freedom issue, which is extremely important to this administration,” the official said. Trump, who is due in India on Monday, will talk about the two countries’ shared traditions of democracy and religious freedom, the senior administration official said in a conference call on Friday ahead of the

Organizers for the Tokyo 2020 Summer Olympics have postponed training for volunteers because of the spread of the coronavirus in Japan. Training was scheduled to be held starting Saturday but will be rescheduled, the organizing committee said in a statement released late Friday. Some investors are starting to worry the epidemic could scupper the Olympics, which are scheduled to start in Tokyo on July 24. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U

“After over 72 hours of treatment, the case has shown positive health developments. A total of 145 passengers from the cruise ship arrived in Malaysia last Friday. The woman and her 85-year-old husband were the only ones to have shown symptoms after screening. The discovery of one confirmed case from the cruise ship prompted Malaysia to bar Westerdam from entering the country, and to turn away any cruise ships that had departed or transited any port in China. The Westerdam arrived in Cambodia la

The Yangtze River luxury cruise ship “Blue Whale” set sail from Chongqing and arrived in Wuhan, providing comfortable temporary accommodation for medical workers. China is bringing in seven cruise ships to house medical workers in Wuhan, state media said on Saturday, at a time when such ships are under scrutiny after hundreds of passengers on the Diamond Princess liner in Japan contracted the coronavirus. The first of these ships, the Blue Whale, arrived in Wuhan, the epicenter of the outbreak,

4:22 pm: South Korea says most confirmed cases stem from two clustersThe Korea Centers for Disease Control and Prevention (KCDC) said that 277 of its 346 confirmed cases stem from two clusters — a church and a hospital. Nearly half of South Korea’s confirmed cases stem from the Shincheonji Church of Jesus in the southeastern city of Daegu. —WangThe Yangtze River luxury cruise ship “Blue Whale” set sail from Chongqing and arrived in Wuhan, providing comfortable temporary accommodation for medical

Becoming a ‘supersaver’ in your Individual Retirement Account may be easier if you take it paycheck by paycheck. And maxing out this retirement account is more common than you may think. Around 36% of U.S. households use an IRA to save for retirement, according to the Investment Company Institute. But if you break down what you’ll need to save from each paycheck, it can seem more manageable. For older savers looking to hit $7,000, you’ll need to save $269.23.

In 2011, Katya Libin and Amri Kibbler both gave birth to daughters. Soon after, their idea for a business was born: HeyMama, a nationwide community of working moms. In January 2020, HeyMama announced it had raised $2 million in seed funding to continue growing. HeyMama founder Katya Libin. Katya Libin Co-founder of HeyMama3.

A 1099 tax form is an umbrella term for documents that report various types of income you may receive throughout the year. Types of 1099 tax formsThere are more than a dozen different kinds of 1099 forms, which cover some common and pretty uncommon sources of income. Form 1099-G. You may get this document if you received money from the government, including for unemployment compensation and tax refunds or credits. Tax documents that arrive late or are missing in action are the fourth-largest con