The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The "Oracle of Omaha" is now very much long the U.S. banking system. Berkshire's second- and third-largest holdings behind Apple are Bank of America and Wells Fargo. He increased the firm's Bank of America stake by 29 percent last quarter. Berkshire also added to its already large stakes in U.S. Bancorp, Goldman Sachs and Bank of New York Mellon last quarter, filings showed.
Shares of J.P. Morgan rallied 1.5 percent in after-hours trading following news of Buffett's new $4 billion stake, which was reported in the company's 13-F filing. The filing documents the company's holdings as of end of September. Berkshire slightly decreased its stake in Wells Fargo.
Buffett and J.P. Morgan CEO Jamie Dimon admire each other. Buffett has said he reads Dimon's annual shareholder letter for insights into the banking industry. Dimon is the longest-tenured of CEOs leading a major U.S. bank. The pair, along with Jeff Bezos of Amazon, in January announced a partnership to cut health-care costs and improve services for their U.S. employees.
Todd Combs, one of Buffett's investing lieutenants at Berkshire who first got the company involved in Apple, sits on the board of directors of J.P. Morgan.