Warren Buffett, chairman and CEO of Berkshire Hathaway and the world’s second richest man, had a lot to say to CNBC’s Squawk Box and Becky Quick on Tuesday. The “Oracle of Omaha” discussed his new purchase of truck stop company Flying J, but that was just the beginning. He also touched on: Why stock valuations […]

Just the idea that Janet Yellen is now more likely to be replaced by a more hawkish Fed chairman is bullish for the dollar. Jens Nordvig, CEO of Exante Data, said the tide turned last week, when news emerged on who was interviewed by President Donald Trump for Fed chair. The two names were Kevin […]

Susquehanna Financial Group downgraded MGM Resorts and cut its price forecast on the casino resort operator’s shares after the recent attack in Las Vegas, but remained positive on the company in the long-term. The analyst cited the possibility for occupancy and pricing shifts in the near-term, based on historical patterns. She lowered her estimate for […]

The chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday that passive investing works in any market environment and so he’d be willing to wager again against active investing for the next 10 years. A decade ago, the billionaire investor made a million dollar bet that the S&P 500 will beat a basket of […]

The world’s biggest oil producers, Russia and Saudi Arabia, have announced a $1 billion fund to invest in energy projects — marking another chapter in the blossoming economic and political partnership between the two countries. The latest deal will see Russia and Saudi Arabia strengthen their cooperation in oil, gas, electricity and renewable energy, Russian […]

The chairman and CEO of Berkshire Hathaway Warren Buffett said Tuesday he is very optimistic over the future of Bank of America. CNBC’s Becky Quick asked the billionaire investor which bank stock was his favorite. “What’s your favorite child?” Buffett joked on CNBC’s “Squawk Box” adding, “Bank of America has done a sensational job under […]

There is something vaguely unsettling about the explosive growth of exchange-traded funds and the passive investing strategies they employ. It might be a sense of nostalgia: We are witnessing the twilight of stock- and bond-picking fund managers who get paid to beat the market. Or it might be a fear that the giant herds of […]

Check out which companies are making headlines before the bell: Lennar – The homebuilder reported quarterly profit of $1.06 per share, five cents a share above estimates. Revenue also topped forecasts. Home deliveries were up 12 percent from a year earlier, with new orders up eight percent. MGM Resorts – Susquehanna downgraded the stock to […]

Billionaire Warren Buffett told CNBC on Tuesday stock market valuations make sense with interest rates where they are. Rates have been a “powerful factor” in equities values, he said. The chairman and CEO of Berkshire Hathaway, who appeared on CNBC’s “Squawk Box,” said stocks are going to outperform bonds. “I can’t remember decision we ever […]

Russell Investments never thought stocks would rally 13 percent this year by October. The firm, which has $277 billion in assets under management, came into 2017 with a year-end price forecast of 2,100 on the S&P 500, 19 percent below current levels. “We’ve certainly been surprised by the resilience of the US market more from […]