Charlie Munger warns there are 'lots of troubles coming' because of 'too much wretched excess'
Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future.
Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, issued a dire warning about the future.
Global equity markets scaled fresh highs on Wednesday after China reported the lowest number of new coronavirus cases in two weeks, boosting hopes the epidemic will be contained and driving up the price of commodities sensitive to Chinese demand.
Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.
The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was cancelled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.
Companies with CEOs who make liberal use of positive words like "growth" during earnings calls outperform their counterparts, a study finds.
The Pentagon is likely to back restrictions to Huawei Technologies, reversing earlier opposition to a proposal meant to further crack down on U.S. exports to the blacklisted Chinese technology company, Politico reported on Wednesday.
MGM Resorts International's Chief Executive Officer Jim Murren will step down before completing his contract, the U.S. casino operator said on Wednesday.
Tesla Inc is recalling 15,000 Model X SUVs because of a potential issue that can lead to a loss of power steering assist that could make steering harder and increase the risk of a crash.
Wall Street closed at record highs on Wednesday as news that the coronavirus outbreak could be running out of steam kept buyers in the ring.
The Mobile World Congress (MWC), the annual telecoms industry gathering that draws more than 100,000 visitors to Barcelona, was canceled on Wednesday after a mass exodus by exhibitors due to fears over the coronavirus outbreak.
A U.S. Republican lawmaker on Wednesday urged California to fire the chief investment officer of its public pension fund, the nation's largest, citing what he called the CIO's "long and cozy" relationship with Beijing, and assailed the fund's investments in Chinese companies.
MGM Resorts International withdrew its forecast for 2020 on Wednesday, as it assesses the fallout of the coronavirus epidemic on its business.
Raytheon has received a subpoena from the U.S. Securities and Exchange Commission related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014, the U.S. weapons maker disclosed in a filing https://www.sec.gov/ix?doc=/Archives/edgar/data/1047122/000104712220000009/rtn-12312019x10k.htm on Wednesday.
South Korean car giant Hyundai Motor has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring.
U.S. Treasury Secretary Steven Mnuchin insisted on Wednesday that President Donald Trump's tax cuts will still pay for themselves over 10 years, even as the administration forecasts near-term deficits close to $1 trillion.