Few people can say they’ve received stock advice straight from legendary investor Warren Buffett himself. But back in 1999, Buffett sold his 20-year-old wallet to the highest bidder for $210,000, with all proceeds going to Girls Inc., a charity that supports young girls in Omaha. To sweeten the deal, he included the name of a […]
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Shares of Mondelez erased earlier gains Wednesday after investing legend Warren Buffett suggested Kraft Heinz isn’t interested in buying the snack company. Mondelez’s stock was trading about 0.7 percent higher in the morning. It fell 3.1 percent after Buffett’s remarks and was down 1.81 percent midday. Buffett’s Berkshire Hathaway is Kraft Heinz’s largest shareholder, owning […]
Read moreWhen President Donald Trump predicted that his policies would spur growth of 3 percent or more, a lot of economists didn’t take him seriously. They may now. The latest figures on the economy show that breakout economic growth may not just yet be at hand, but it’s certainly within reach. A revision to second-quarter gross […]
Read moreBillionaire investor Warren Buffett told CNBC on Wednesday that U.S. economic growth does not feel like 3 percent. The 3 percent threshold is what President Donald Trump and his administration want to achieve for gross domestic product growth. The government reported on Wednesday that GDP increased at a better-than-expected 3.0 percent annual rate in the […]
Read moreThe markets will rise or fall depending on whether President Donald Trump stays on message during his speech in Missouri about tax reform, CNBC’s Jim Cramer said Wednesday. In an address Wednesday, Trump is expected to tout tax cuts as a way to help workers and the middle class in an economy “rigged” against them, […]
Read moreMarkets hate unpredictability. Yet, since the election of Donald Trump, investors are faced with massive doses of it every day. Few of us ever conceived of a United States president lashing out in tweets about everything from his “beleaguered” Attorney General to a “Low I.Q. Crazy” TV journalist who was “bleeding badly from a face-lift.” […]
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A widely followed research analyst said Amazon‘s acquisition of Whole Foods Market will add to the e-commerce giant’s bottom line, quickly. In his first note to investors since the buy-out of the organic grocery chain became official on Monday, Mark Mahaney of RBC Capital Markets raised his estimate for Amazon’s 2018 profit by 10 percent. […]
Read moreVeteran retail analyst Dana Telsey said the retail sector is undergoing dramatic changes in the era of big data and e-commerce, but will survive. CNBC’s Mike Santoli spoke with Telsey, who leads a top research and consulting firm focused on retail, in an exclusive interview for CNBC PRO. Santoli asked her about the sector’s outlook […]
Read moreVeteran retail analyst Dana Telsey shared her thoughts on the future of the sector and revealed her favorite stock picks in an exclusive interview for CNBC PRO with Mike Santoli. On Amazon’s affect on the sector: “I think one of the things you can see is that brand names matter. And brands being able to […]
Read moreCheck out which companies are making headlines before the bell: H&R Block — The tax preparation firm lost 62 cents per share for its latest quarter. That matched forecasts, with revenue above consensus. H&R Block typically reports losses in quarters outside of its seasonal tax business. Bank of America – The bank now has Berkshire […]
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