In the past year, Berkshire Hathaway has purchased a $1.7 billion stake in Apple. Although the position is relatively small compared to other marketable securities held by Buffett and Munger, there are numerous reasons why the legendary holding company is starting to take a position.
A federal appeals court on Monday cleared the way for American Express Co to block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge in Brooklyn erred in February 2015 in finding that American Express' "anti-steering" rules violated federal antitrust law. Underlying the case were the fees that merchants pay to process transactions, which the U.S. government estimated at more than $50 billion a year, and which can be passed along to cardholders in the form of higher prices.
Berkshire Hathaway Inc. (BRK-B)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||145.13 x 1000|
|Ask||145.40 x 500|
|Day's Range||144.01 - 145.38|
|52wk Range||123.55 - 151.05|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||14.06|
|Avg Vol (3m)||3,217,745|
|Dividend & Yield||N/A (N/A)|