Berkshire Hathaway

Warren Buffett talks Wells Fargo, Google and bitcoin

Warren Buffett
Photo: Johanned Eisele/AFP/Getty Images

A shareholder asked Warren Buffett at this year's annual Berkshire Hathaway meeting why the billionaire investor has “been so silent” about the scandal that plagued Wells Fargo starting in 2017. Buffett said: "It looks to me like Wells made some big mistakes," adding that the banking institution incentivized "the wrong behavior."

The backdrop: When it was revealed that Wells Fargo employees had opened more than a million unauthorized accounts, the Department of Justice launched an investigation into the companies handlings of wealth management, and the bank was fined for charging customers for unwanted insurance. Buffett also became the largest shareholder of Wells Fargo in 2017 with about 10% of the shares.

Warren Buffett-inspired game launches on Apple's App Store

Warren Buffett
Photo: Daniel Zuchnik/WireImage/Getty Images

Famed technophobe and billionaire investor Warren Buffett has a new game on Apple's App Store, inspired by his teenage newspaper route.

Details: The app "Warren Buffett's Paper Wizard" launched on Saturday, the day of the annual 2019 Berkshire Hathaway annual shareholder meeting. Users progress in the game by completing paper routes in Omaha and Cupertino, Calif. and collecting "Warren Bucks." Buffett's holding company Berkshire Hathaway has a reported $40 billion stake in Apple.