Tagged: Wall Street

Warren Buffett, 81, has been diagnosed with prostate cancer, his Berkshire Hathaway company announced Tuesday afternoon. The cancer is at Stage 1, according to MarketWatch. The billionaire investor's condition is not life-threatening, he says.

Buffett send a letter to Berkshire Hathaway shareholders to inform and reassure them. Here's the text of that letter:

Steven Rattner — the "car czar" when the Obama administration was restructuring the auto industry in 2009 — today spoke in favor of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

But it wasn't exactly a double thumbs up.

On a panel at an ideas conference in New York City, Rattner noted that before the financial crisis began in 2008, Wall Street was the "global leader in finance. ... But of course, it got out of control."

It's beginning to feel frothy in Silicon Valley. Here are a few numbers: