Taiwanese President Tsai Ing-wen is expected to stop over in the U.S. on Friday on her way back from visiting diplomatic allies in the Caribbean, a move that's sure to make...China Politicsread more
Libra and bitcoin are different in a lot of ways, from the technology behind them to the way they're used.Technologyread more
Stocks in Asia Pacific advanced in Friday afternoon trade, as comments from a U.S. Federal Reserve official led to rising expectations the central bank could ease monetary...Asia Marketsread more
Boeing will take a nearly $5 billion charge in the second quarter to compensate 737 Max customers as the planes remain grounded.Airlinesread more
Earlier, Williams delivered a speech at the annual meeting of the Central Bank Research Association in which he said, "It's better to take preventative measures than to wait...The Fedread more
The base version of the sports car will punch out 495 horsepower, 40 more than the seventh-generation car and enough to launch it from 0 to 60 in "less than three seconds"...Autosread more
Animation fans and Kyoto residents gathered at the site of Japan's worst mass killing in 18 years on Friday, offering flowers and prayers for the 33 people who died in an...Asia Newsread more
Trump said the USS Boxer destroyed Iran's drone in the Strait of Hormuz on Thursday in a "defensive action."Politicsread more
Microsoft beat on top and bottom lines, and guidance was just ahead of expectations, but the company's Azure growth is slowing down.Technologyread more
"We've seen Netflix stumble before, especially maybe after a price hike, but not quite like this," Jim Cramer says.Mad Money with Jim Cramerread more
They also voted to absolve themselves, their party and the voters who elected them – like the ones Trump inspired to chant "send her back" at a rally Wednesday in North...Politicsread more
Interest rates have created "irrational competition," mogul Warren Buffett reportedly concurred in a meeting with a top venture capitalist.
Bill Gurley, a general partner at Benchmark Capital, tweeted that he met with the CEO of Berkshire Hathaway this week. In a short conversation, Gurley and Buffett commiserated about interest rates:
Gurley told Buffett that his business, raising money to invest in start-ups, was being impacted by interest rates. Buffett's business, a conglomerate of household names, is, too, he said. The two agreed that it creates "irrational competition," according to Gurley.
Gurley didn't elaborate on the exact connection discussed between interest rates and competition.
But low rates have kept borrowing cheap and led to low returns in some asset classes, creating a phenomenon called "venture tourists " — who look from Wall Street to Silicon Valley in search of growth. Some investors have gone so far as to connect rising interest rates to previous technology bubbles.
Gurley himself has warned of other dangers within the venture financing space.
"In Silicon Valley boardrooms, where 'growth at all costs' had been the mantra for many years, people began to imagine a world where the cost of capital could rise dramatically, and profits could come back in vogue," Gurley wrote in his blog, "Above the Crowd." "Anxiety slowly crept into everyone's world."
It comes as the Federal Reserve is mulling a hike in interest rates, which have been historically low as the economy recovered from recession.
Buffett has said that raising interest rates will be a "tough decision " that may affect imports and exports very significantly. Berkshire Hathaway didn't immediately respond to CNBC's request for additional comment.