With 10-year U.S. Treasury yields breaking through 2.5 percent, the question many investors are asking (not for the first time) is whether this is the end of the bull run for fixed income. Fixed-income heavyweights are also wading into the discussion with investors such as Bill Gross suggesting the bond bear market is indeed here. […]
Read moreThere was no malice in Warren Buffett‘s prediction that the craze over bitcoin and other cryptocurrencies won’t end well, CNBC’s Jim Cramer said Wednesday. Earlier in the day, the chairman and CEO of Berkshire Hathaway told CNBC that he would “never have a position in” cryptocurrencies and said he believes “that they will come to […]
Read moreTom Donohue, president and CEO of the U.S. Chamber of Commerce, warned on Wednesday about a growing global hostility to technology — U.S. tech in particular — saying that it could severely damage the U.S. economy, its companies and consumers. In the annual “State of American Business” speech, Donohue said technology “is not a single, […]
Read moreLegendary investor Warren Buffett said the market is not yet saturated for Apple iPhones — counting himself as a notable holdout. “When I actually buy it, it’s all over folks. The last person has bought it,” Buffett joked. Berkshire Hathaway is the fifth-largest Apple shareholder, with 134 million shares worth about $23 billion, according to […]
Read moreWarren Buffett’s right-hand man, Charlie Munger, blasted the frothiness in venture capital funding and bitcoin. During a phone interview on CNBC’s “Squawk Box” on Wednesday, Munger was asked if bitcoin was a bubble. “Yeah sure [on bitcoin] and venture capital, too,” Munger replied. “There are always bubbles … that are going to end badly.” On […]
Read moreThe chairman of a U.S. Senate committee overseeing business issues asked Apple to answer questions about its disclosure that it slowed older iPhones with flagging batteries, according to a letter seen by Reuters on Wednesday. The California-based company apologized over the issue on Dec. 28, cut battery replacement costs and said it will change its […]
Read moreThere is much more at stake in this earnings season than usual. The great marginal mover of stock prices last year— the hope of tax cuts — has now become a reality. Prices are at historic highs across the board, in most sectors, in all market caps, and not just in the U.S. It is […]
Read moreBillionaire investor Warren Buffett told CNBC on Wednesday the recent craze over bitcoin and other cryptocurrencies won’t end well. “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending,” the chairman and CEO of Berkshire Hathaway said. “When it happens or how or anything else, I […]
Read moreWarren Buffett believes the corporate tax reform bill is very bullish for stockholders. The tax overhaul, which President Donald Trump signed into law last month, lowers the corporate tax rate to 21 percent from 35 percent. “The tax act is a huge factor in valuation,” he said on CNBC’s “Squawk Box” on Wednesday. “You had […]
Read moreFor Jean-Paul Agon, 2018 is set to be a milestone year. Not only does it mark his 12th year as chief executive of L’Oreal Group, it is also his 40th anniversary working at the cosmetics conglomerate. Even after four decades, the CEO and chairman can still remember his first day “very well,” telling CNBC that […]
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