Berkshire Hathaway would have been wiser to outsource investing advice to hedge funds rather than hire a manager whose experience is concentrated in one sector, another fund's manager told CNBC Tuesday.
Cramer’s predicting a boost in earnings estimates across the board for 2011.
Warren Buffett's Berkshire Hathaway revealed tonight (Monday) that Todd Combs, a 39-year-old hedge fund manager from Connecticut, will "soon be joining Berkshire as an investment manager." That instantly launches the relatively unknown investor into the spotlight as a leading contender to eventually succeed Buffett as manager, or one of the managers, of Berkshire's vast portfolio.
With the announcement that the Singapore Stock Exchange plans to acquire its Australian counterpart, it is clear that Asia’s growing role as the financial center of the world is gaining strength.
Lacking any big surprises, the markets may seem to be on cruise control in the coming week, as investors await the U.S. mid-term election and the Fed's November meeting.
Find out why the bulls could be facing serious headwinds for the next 10 days.
Stocks closed modestly higher after a see-saw session as the dollar rose, and investors absorbed the meaning of a large batch of earnings reports and economic news. Home Depot and United Technologies rose, while Bank of America and Alcoa fell.
What follows is a roundup of corporate earnings reports for Thursday, Oct. 21.
Stocks rose out of negative territory after rallying earlier in the sessions as the dollar rose, and investors absorbed the meaning of a large batch of earnings reports and economic news. Home Depot and United Technologies rose, while Bank of America and Caterpillar fell.
Third-quarter earnings results could be producing a paradigm shift for US companies, in which multinationals fuel an economic recovery that strictly domestic companies cannot.
Stocks pared gains, although remained higher, after several positive earnings reports gave investors a reason to believe the U.S. economy is improving, even as they digested a mixed batch of economic reports. Home Depot and McDonald's rose, while Bank of America fell.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Stock index futures pointed to a higher open for Wall Street with another set of earnings in the spotlight and as investors digested data showing China's growth cooled in the third quarter even as inflation edged higher.
The fast food giant reported third-quarter profit and revenue Thursday that beat analysts expectations, with comparable sales increasing globally.
Headlines on jobless claims and the Philadelphia Fed survey compete with a rush of earnings news Thursday.
Stocks closed sharply higher Wednesday, nearly wiping out losses from the previous session, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and DuPont rose, BofA fell.
Stocks lost a little ground in the final minutes of trading, but were still significantly higher, after the Federal Reserve reported it has seen "modest signs of growth" in the economy and as investors focused on strong earnings reports and a slide in the dollar. Boeing and Intel rose.
Coke and other multinationals are surging as the dollar plunges. But how long will the easy money trade of buying companies with high foreign sales keep working?
It's been 23 years since the infamous stock market crash of October 19, 1987, which became known as "Black Monday." What began in Hong Kong, and spread to other parts of the world, including the United States, caused the Dow to drop 508 points, or nearly 23 percent.
Despite their dominant position in the US marketplace, the Taco Bells, Burger Kings and Pizza Huts of the nation have had their share of bad ideas. Click to see 15 noteworthy fast food failures.