Warren Buffett said in this year’s Berkshire Hathaway annual letter that he was wrong before he was right about calling a bottoming in the housing market — “dead wrong” — but now he will be right, finally, in saying the corner is turning, or about to be turned in the housing market. In other words, parsing Buffett’s words on housing is a fool’s errand for an investor. Take building materials company USG Corp. Read More
JPMorgan Chase is copying every move of American Express in its bid to court affluent consumers, a strategy that recently subjected the bank to a bit of ribbing from a top executive at the credit card company. Read More
The discipline mid-size companies have developed since the financial crisis to maintain and grow cash reserves bodes well for future growth. That’s one takeaway from a new American Express/CFO report, which surveyed 325 senior finance executives about their top financial challenges. Read More
In February, Warren Buffett made waves when he explained why an IBM share lull would benefit his $10.3 billion stock holding. After Wells Fargo and Bank of America passed Tuesday’s Federal Reserve stress tests, Buffett’s point may also apply to his biggest bank investments. Read More
Since March 2009, the Dow Jones Industrial Average has recovered about 84 percent of its losses during the financial crisis, while the S&P 500 index has erased about 78 percent of its bear-market losses. Read More
Just a few weeks after Twitter announced it’ll allow anyone to buy ads, starting with American Express small businesses, it's partnering with AmEx again, this time to turn everyday cardholders into marketers, in exchange for discounts. Read More
Representatives from all the major advertising agencies, plus the likes of Unilever and Nissan all turned out to hear about the new tools Facebook is launching for brands to better connect with consumers. Read More