The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
The chairman and CEO of Warren Buffett said Tuesday that passive investing works in any market environment and so he'd be willing to wager again against active investing for the next 10 years.
A decade ago, the billionaire investor made a million dollar bet that the S&P 500 will beat a basket of fund of hedge funds over the next 10 years, ending this year. He will likely win that bet by a large margin.
The S&P 500 "will absolutely kill every one of the fund of funds," Buffett said on CNBC's "Squawk Box." "Passive investment in aggregate is going to beat active investment because of fees."
The investor explained if you don't pay 2 percent or 3 percent of fees to financial advisers, the your payoff for investing in the broad market will be "very good" over time.
When asked if he just got lucky with the timing of the bet, the Buffett said "the date of the start has nothing to do with it."
He said is willing to do another bet on active versus passive as long as anybody wants to put up "a significant percentage of their net worth" on the wager.
Buffett joined CNBC from Omaha, Nebraska — home of Berkshire and where Purpose Built Communities was holding its annual conference.