Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.» Read More
Wow--we've gotten posts from all three guest bloggers today as this one from Timothy Sykes wraps it up. You certainly have some food for thought. Here's Timothy: Many contestants have been asking why I advocate such a seemingly risky strategy by focusing on chart plays with upcoming earnings. The answer, like my strategy, is rather simple.
Hey everyone. Guest blogger James Altucher is back with his latest stock pick for the contest. Here it is with his reasons: Coming up with stocks good enough for the CNBC is brutal. You have to come up with stocks that are: good companies or at least have the perception of being good companies even if they are going through short-term problems, and..
Hey everyone. Here are some of the emails that we've gotten recently that I thought I would share. As you can see, there are some different opinions covering just about everything. For those of you asking about "improved" weekly leader stats, please see below.
Warren Buffett isn’t the only one interested in railroads. Activist shareholders are eyeing railroad operator CSX, which could be contributing to Wednesday’s surge in the stock, CNBC’s David Faber reported.
Mexican telecom magnate Carlos Slim has quietly overtaken investor Warren Buffett as the world's second-richest man and is close to wresting the top spot from Bill Gates, Forbes magazine reported Wednesday.
After a few years (or decades) covering financial markets, you gain the ability to predict with uncanny insight how certain events might affect trading that day. You also gain the ability to get it completely wrong. We knew that Iranian officials would be coming out with a statement regarding the country’s controversial nuclear program, and we know that oil traders are mega-sensitive these days about Iran, especially following the recent capture and release of British military personnel. A sure sign of higher prices for oil, right? Nope. ...
Nearly half the world’s population subsists on $2 per day, according to the World Bank. But Professor Jeffrey Sachs, director of the Earth Institute at Columbia University, has a quick fix solution: He told “Street Signs” that small donations from the world’s richest would do more to end poverty than all the combined governmental aid -- which is falling short. ... “We have about a thousand people who have about three and a half trillion among them on the Forbes [billionaires] list,” Sachs said....
Warren Buffett's Berkshire Hathaway has bought large stakes in two other North American railroad companies besides Burlington Northern Santa Fe, CNBC's Liz Claman has learned. Berkshire recently acquired a 10.9% stake in Burlington Northern Santa Fe , becoming the railroad company's largest shareholder.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
Warren Buffett and Alan Greenspan offered sharply different views on government regulation of U.S. capital markets, reflecting the divisions among many business and government leaders who gathered in Washington for a high-level conference on U.S. competitiveness.
Stock market veterans often point out that the worry spotlight shines on different concerns at different times -- some legitimate, some not, some short-lived, and some long-lasting. You may have already forgotten that the first market meltdown a few weeks back was caused by the big drop in the Chinese market -- a concern that seems to have disappeared from the radar at the moment. Not so the subprime loan market woes.
Warren Buffett told CNBC’s Liz Claman Thursday, after the release of his eagerly anticipated annual shareholder letter, that he’s deeply concerned about U.S. trade problems and predicts more weakness for the dollar.
Mother Nature was good to Warren Buffett in 2006.Berkshire Hathaway reported higher full-year profit Thursday, helped by gains in its core insurance operations -- a welcome relief from two years of billion-dollar payouts for hurricane claims.
Searching for nuggets of wisdom from the Oracle of Omaha.
Wall Street would be set for a dampened opening even without the rain that's falling on New York City this morning. Stocks look ready to drop on the opening but so far without the look of fury that set up yesterday's wild morning selloff. Europe is mostly weaker, though the UK market was slightly higher. Asian markets were mostly lower overnight but China was up 1.2% and Hong Kong also moved higher.
The Billionaire Next Door: Warren Buffett
CNBC's Liz Claman Interview with Warren Buffett
It's fitting that billionaire investor Warren Buffet is from Nebraska, a state known for the slogan, "The Good Life."
Here at the breaking news desk, we have a pretty good handle on what’s news, but sometimes the fact that news is going to happen becomes the news itself. Usually, when I start off the daily blog with a statement like that, the reaction is a universal “What? Speak English!”. But stay with me here, because this one involves the forthcoming investment proclamations of one Warren Buffett, the world’s second richest man.