Billionaire investor Warren Buffett told CNBC on Monday that if someone invested $10,000 in an index fund back in 1942, it would be worth $51 million today. “The best single thing you’ve could have done on March 11, 1942 — when I bought my first stock — was buy an index fund,” Buffett told CNBC’s […]
Read moreCarlyle Group is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of the matter said, in a deal that adds to the record levels of funds seeking deals in the region. The private-equity giant had initially targeted a fund of $5 billion but raised its expectations following […]
Read moreTalks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States, and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process. Discussions in Washington will center on rules of origin that govern what percentage of […]
Read moreCurrency, United States Finance
It’s ‘embarrassing’ to hold cash but there are few alternatives, says investment manager
High valuations across different assets classes are posing very few alternatives to investors, one investment manager told CNBC, adding he would rather sit on cash. The surge in valuations, mostly seen throughout 2017, has made equities, bonds and currencies more expensive for those who want to invest in these categories. As a result, some money […]
Read moreCurrency, United States Finance
After one year in office, productivity should be the focus for Macron; says former bank governor
French President Emmanuel Macron has to focus on improving productivity levels as the next step in a series of reforms, a former governor of the Bank of France told CNBC Monday. Macron, who won the final round of the French presidential race a year ago, has so far managed to fulfil two of his campaign […]
Read moreEuropean markets are expected to tick higher on Monday, boosted by a solid session seen out of Asia and crude markets. Looking to Europe, the CAC is expected to open 22 points higher at 5,538, while the DAX is poised to start the day up 58 points at 12,877, according to IG. Peripheral markets such […]
Read morePositive developments from the Korean Peninsula will be good news for stocks in the region — and a couple markets in particular, according to a bank strategist on Monday. U.S. President Donald Trump and North Korean leader Kim Jong Un have both indicated their willingness for a summit. Sean Yokota, head of Asia strategy at […]
Read moreSupply is tight, prices are soaring and mortgage rates are rising. That shouldn’t exactly add up to a happy housing market, and yet, it does. Consumer confidence in housing jumped to its highest level on record in April, according to a monthly sentiment index from Fannie Mae. Of the index’s six components, only the share […]
Read moreCelebrating “the end of history” and trying to “manage” China’s unstoppable ascent, America, with very little help from Europe, has been on a crucial mission to defend and reinforce the centuries-old system of Western governance based on democracy, rule of law and respect for human rights. In the process, inadequate attention to U.S. foreign trade […]
Read moreFederal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, but that so far it fits within the existing regulatory framework. “We are paying a lot of attention … within […]
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