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 —
Investing
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
William “Bill” Gerstenmaier in his former role as NASA Associate Administrator for Human Exploration and Operations. NASA/Bill Ingalls SpaceX is only a couple of months away from its first attempt at launching astronauts and the company has brought in one of the foremost experts in human spaceflight to help it do so successfully. William Gerstenmaier,
The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the growth of the social media giant’s advertising business. In particular, Pivotal Research Group analyst Michael Levine said he believes a slowdown in advertising from direct-to-consumer brands could spell bad news for Facebook. Instagram and Facebook are the most popular places
Tourists take a picture with the market bull near the New York Stock Exchange in New York City. Spencer Platt | Getty Images For decades investing legend Bob Farrell was a top Wall Street strategist known for predicting changes in overall stock market direction. Farrell, 88, was the chief stock market analyst and senior investment
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
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images TD Ameritrade‘s millennial investors were attracted to a somewhat surprising stock in January: ExxonMobil. “One of the most bought stocks by our millennials,” JJ Kinahan, the brokerage firm’s chief market
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
A new client recently told us that he didn’t want to own Boeing. He did not cite the two planes that crashed or Boeing’s enormous consumption of fossil fuels. His primary concern was the integrity of its management. We mentioned that a new management has taken over the company, but he responded that that there
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look