Eugene Fama, the University of Chicago investing researcher, once again warned investors against the lure of active management.» Read More
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..
Several large U.S. banks reported slowing profit growth on Tuesday amid struggles with interest-rate pressures and rising loan losses, including from mortgages. Wells Fargo, the fifth-largest U.S. bank, bucked the trend, boosting profit 11% despite its large exposure to the struggling mortgage sector.
Wells Fargo reported a first-quarter profit a penny ahead of expectations Tuesday as strength in its community and wholesale banking businesses drove sales higher.
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.
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.
Friday's CNBC show--The Million Dollar Portfolio Challenge-"How To Win," had a live studio audience and took questions from contest players. One contestant wanted to know if putting his "bucks" into Berkshire Hathaway, and "letting Warren Buffett do all the work," was a good idea?
Billionaire Warren Buffett's holding company Berkshire Hathaway revealed Wednesday that it bought $774.3 million in U.S. Bancorp stock last year, adding to the bank holdings already in the company's $52.8 billion stock portfolio.