Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
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Britain’s Prince Harry speaks at Windsor Castle in Berkshire, Britain May 6, 2019. Steve Parsons | Pool | Reuters Goldman Sachs is in discussions to feature Prince Harry as a guest speaker for its interview series “Talks at GS,” according to a person with knowledge of the situation. The Duke of Sussex will likely want
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9:31 am: Dow jumps 200 points to a record high The Dow Jones Industrial Average climbed 202 points at the open, hitting a
A woman wears a protective mask as she rides a bicycle on February 11.2020 in Wuhan. Hubei province, China. Flights, trains and public transport including buses, subway and ferry services have been closed for the twentieth days. Getty Images This is a live blog. Please check back for updates. All times below are in Beijing
Catherine Delahaye If you want a tax credit for paying your nanny, you’ll have to get right with the IRS first. Hiring a caregiver for one infant child costs an average of $596 per week, according to data from Care.com. On a monthly basis, the payment is on par with many mortgages: $2,384. Moreover, in
An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour shares plummeted Monday morning after the company reported sales that missed analysts’ estimates during the holiday quarter. Providing its 2020 outlook, Under Armour also said it expects the coronavirus outbreak in China to lower sales
The outbreak of the coronavirus is a “true black swan” for the oil and energy market, and as crude prices continue to move lower the worst may not be over yet, Ned David Research said in a note to clients Monday. Analyst Warren Pies noted that the outbreak has reduced Chinese demand for oil by
Kang-ho Song, Hye-jin Jang, Woo-sik Choi, So-dam Park in the movie “Parasite.” Source: Parasite In “Parasite,” the South Korean thriller that took home four Oscars Sunday night, including the award for best picture, the tension between rich and poor is on full display, juxtaposing the luxury and abundance of the haves with the hardship and
Chinese men wear protective masks as they walk in a nearly empty shopping street on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Check back for updates. 8:41 am: Sanders nomination would raise Trump reelection odds: Raymond James Though conventional wisdom in the 2020 election cycle thus
A woman sits outside wearing a protective mask on February 9, 2020 in Wuhan, China. Flights, trains and public transport including buses, subway and ferry services have been closed for eighteenth days. The number of those who have died from the Wuhan coronavirus, known as 2019-nCoV, in China has climbed to 813. Stringer | Getty
Ryan Reed became a technical support specialist at IBM after graduating last year from the tech firm’s apprenticeship program. Photo credit: IBM. Ryan Reed was having a tough time. The 38-year-old, a resident of Raleigh, North Carolina, had been trying for months to land a job in technology, a passion dating to his days as
Uber stock rose in extended trading on Thursday after the company announced a fourth-quarter loss that was narrower than analysts had expected and moved its EBITDA profitability forecast forward. The company’s shares spiked as much as 10% after hours when CEO Dara Khosrowshahi said on the company’s earnings call that the company was moving its
A customer pushes a cart of outdoor items past a membership desk at a Costco Wholesale Corp. store in Naperville, Illinois. Daniel Acker | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click .) The deadly coronavirus continues
Much has been written about black truffle hunting in the French countryside, where Perigord truffles, or tuber melanosporum, thrive below oak and hazelnut trees. But little is discussed about how these “black diamonds” are traded before they reach the hands of fine dining chefs around the world. The interior of a black truffle is lined
A frozen section of the Ross Sea at the Scott Base in Antarctica on November 12, 2016. Mark Ralston | AFP | Getty Images Antarctica just broke its hottest temperature ever recorded at 64.9 degrees Fahrenheit as climate change continues to accelerate, according to measurements from an Argentinian research station thermometer. The reading was taken
A Chinese woman wears a protective mask as she walks in a nearly empty and shuttered commercial street on February 7, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 10:08 am: Toyota to extend plant closures in
Aimstock | Getty Images It’s the gift that everybody wants: the ability to get a do-over when you make a mistake. In golf, it’s called a mulligan, or the chance to redo a stroke. With Social Security, it’s called a withdrawal of application. However, the circumstances under which you can exercise this option are limited.
Canada Goose brand parkas in a store in New York. Noam Galai | WireImage | Getty Images Canada Goose said on Friday lower store traffic in China and travel restrictions due to the coronavirus epidemic would impact its revenue and lead to a smaller profit in 2020, sending its shares down 4%. The virus outbreak
CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started
Apple CEO Tim Cook speaks about the Apple Watch during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. REUTERS/Mason Trinca Mason Trinca | Reuters The Apple Watch outsold the entire Swiss watch industry in 2019, according to a new report. Market research firm Strategy Analytics estimates that Apple shipped 30.7 million
Twitter (TWTR) – Twitter earned an adjusted 25 cents per share for the fourth quarter, 4 cents a share below estimates. Revenue came in above forecasts, however, and monetizable active daily users jumped 21% from a year ago to a record. Cigna (CI) – The insurance company reported quarterly profit of $4.31 per share, 11
The view of the WuhanKeting in Wuhan, central China’s Hubei Province. Wuhan in central China’s Hubei Province started converting three existing venues, including a gymnasium and an exhibition center, into hospitals to receive patients infected with the novel coronavirus (2019-nCoV), the headquarters for the epidemic control said late Monday. Getty Images This is a live
Research shows that kids who learn to manage money when they’re young will be able to better handle their finances as adults. Yet, up until recently, only 17 states required high school students to take a class in personal finance. Now, a new report from the Council for Economic Education found that the number of
General Motors CEO Mary Barra Bill Pugliano | Getty Images DETROIT – General Motors is scheduled to report fourth-quarter earnings before the market opens on Wednesday. Here’s what Wall Street expects, according to Refinitiv consensus estimates: Adjusted earnings: 1 cent a share Revenue: $31.036 billion Wall Street’s attention is expected to be on the Detroit
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Elon Musk got $4.5 billion richer overnight, as Tesla’s share price continues to surge. Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 9:06: Dow set to pop 400 points at the open Dow futures were up by 380 points,
Chinese residents line up to get a free protective mask at a local pharmacy on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 6:43 am: China’s Hubei province confirms additional 64 deaths and 2,345 cases
Foreign travelers wearing masks walk past a departures information board at Beijing International Airport in Beijing, China as the country is hit by an outbreak of the new coronavirus, February 1, 2020. Jason Lee | Reuters When the market makes big moves, you might be tempted to make big decisions. However, having a one-size-fits-all approach
A Columbia Sportswear Company sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening