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1 min read
RH stock plunges 8% after Warren Buffett's Berkshire Hathaway dumps its entire stake in the home furnishings company
RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earni…
Matthew Fox
1 min read
Upscale homeware brand RH, which sells $5,000 dining tables and $10,000 couches, admits its pricing was 'arrogant'
Gary Friedman, the CEO of the upscale homeware store, admitted that the company has become "too arr…
Mary Hanbury
2 mins read
The US housing market is tanking - and the banking fiasco could make things worse, RH CEO Gary Friedman says
Home sales and mortgage refinancing have plunged as soaring interest rates continue to hammer deman…
Theron Mohamed
2 mins read
RH CEO Gary Friedman sounds the alarm on mortgage costs, rate hikes, and luxury-home sales - after invoking 'The Big Short' in a previous warning
Friedman underlined the risks of inflation, record house prices, and rising interest rates in March…
Theron Mohamed
2 mins read
RH's CEO gave a no-nonsense breakdown of the 'chaotic' challenges facing businesses right now: 'I've never been more excited. I've also never been more uncertain.'
In a wide-ranging earnings call, Gary Friedman summarized what it's like to manage the headwinds fa…
Insider Inc.
2 mins read
RH falls 13% as furniture retailer reports mixed earnings results and CEO warns of 'big short' style economy
"I couldn't be more excited, but I couldn't be more uncertain, and that's just the story," RH CEO G…
Matthew Fox
2 mins read
Billionaire investor Dan Loeb trumpeted his bets on Buffett-backed RH, crypto, and private companies in his Q2 letter
Loeb's Third Point fund joined Warren Buffett's Berkshire Hathaway as a RH shareholder last year, a…
Theron Mohamed
2 mins read
Warren-Buffett backed RH stock has skyrocketed 1,600% in 4 years - and just hit a record high
"RH has outperformed Apple, Amazon, Google, Facebook, Nike, Starbucks, LVMH, Home Depot, Hermes, an…
Theron Mohamed
2 mins read
Warren Buffett's best-performing stock over the past 3 months isn't Apple or Amazon. It's a luxury furniture company.
Restoration Hardware shares have more than doubled since the start of May, easily outpacing Apple's…
Theron Mohamed
3 mins read
My baby needed 6 blood transfusions while in the womb. The postpartum depression didn't hit me until I knew he was OK months later.
Rh incompatibility in pregnancy led to Courtney Yeager's postpartum depression: Her son needed 6 bl…
Kelly Burch
2 mins read
One unintended consequence of the unaffordable housing market: Crashing furniture sales
Furniture retailers like Williams-Sonoma and RH have reported weak earnings amid a two-decade high …
Phil Rosen
2 mins read
A luxury-furniture CEO warns that 'the housing market is collapsing at a level I haven't seen since 2008'
RH CEO Gary Friedman is known for his candid commentary, but other industry leaders believe the out…
Robert Davis
4 mins read
This investor holds $74 million in Tesla stock. Here's why he's bullish on the future of Elon Musk's EV company.
Insider's Phil Rosen sits down with top money manager Ross Gerber, who explains why the future of T…
Phil Rosen
2 mins read
These are the top 10 holdings of Berkshire Hathaway's $325 billion stock portfolio
The top 10 positions held in Berkshire Hathaway's portfolio make up a massive 90.2% of its $325 bil…
Matthew Fox
2 mins read
Who is Rex Heuermann, the 59-year-old architect arrested in connection to the Gilgo Beach killings?
Rex Heuermann was arrested and charged with murder on Friday in connection to the Gilgo Beach killi…
Sonam Sheth
2 mins read
Warren Buffett's Berkshire Hathaway reveals a nearly $1 billion stake in Capital One - and confirms it sold Taiwan Semiconductor and 2 bank stocks last quarter
Warren Buffett and his team bet on Capital One, exited Taiwan Semiconductor, and rejigged what's in…
Theron Mohamed
1 min read
Warren Buffett stocks: Here are Berkshire Hathaway's 5 best-performing shares of 2023
So far this year, standout names from Berkshire Hathaway's portfolio include Nu Holdings and Paramo…
Phil Rosen
2 mins read
US stocks trade lower as debt ceiling showdown outweighs strength in mega-cap tech
The Biden administration said the President would cut his upcoming trip to Asia short and come home…
Matthew Fox
1 min read
Emergency door opened by mistake, Tejasvi Surya apologised, says Scindia on Indigo row
It is alleged that Tejasvi Surya accidentally opened the emergency exit of a flight from Chennai to…
ANI
1 min read
Warren Buffett's Berkshire Hathaway reveals it built a $4 billion stake in Taiwan Semiconductor - and added Jefferies to its stock portfolio
Buffett's company boosted its Chevron and Occidental Petroleum bets last quarter, and reduced its w…