In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Charlie Munger Lacy O’Toole | CNBC Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate
Charlie Munger at the Berkshire Hathaway press conference on April 30, 2022. CNBC The investing community lost one of its pillars Tuesday with the death of Berkshire Hathaway vice chair Charlie Munger, according to Ariel Investments’ Charles Bobrinskoy. He was a “true master of investing,” Bobrinskoy, the firm’s vice chair, said on CNBC’s “Closing Bell:
After decades of underfunding, West Virginia dramatically closed its pension funding gap, according to a recent report from Pew Charitable Trust. The state, which had the poorest funding ratio in the entire nation in 2000, reduced its debt burden by 90% over the decades, marking one of the most impressive turnarounds amid a national trend
The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF. Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC) futures trading than the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Charlie Munger, the vice-chair of Berkshire Hathaway, died at the age of 99 on Tuesday morning at a California hospital, the US investment conglomerate announced. Warren Buffett, Berkshire’s chief executive, said in a short statement
Your browser does not support playing this file but you can still download the MP3 file to play locally. Markets have rallied almost 11 percent in November, in part on expectations that the Fed is done raising rates. Today on the show, we look at the Fed’s likely pause and how investors are responding. Also
Municipal yields dropped up to another seven basis points led by strong secondary trading Tuesday while an $875 million competitive general obligation deal from Illinois took focus in the primary. U.S. Treasuries made gains and equities ended mixed. Municipal triple-A curves saw yields fall four to seven basis points, depending on the curve while USTs
As employers recognize the link between employee health and productivity, office wellness programs and initiatives are evolving from a mere perk to a fundamental part of workplace culture and design. Extending beyond the traditional scope of healthcare, these amenities include a holistic approach towards physical, mental, and emotional health that tenants have come to expect—and
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A top CIA official posted a pro-Palestine image on Facebook two weeks after Hamas attacked Israel, in a rare public political statement by a senior intelligence officer on a war that has sparked dissent within
The Utah Associated Municipal Power Systems has dropped plans to build a first-of-its-kind nuclear plant amid dwindling support from cities on the hook to pay for the electricity. UAMPS, comprised of 50 municipally owned power systems across six Western states, was working with Oregon-based NuScale Power, LLC, to launch the nation’s first small modular reactor
Puerto Rico’s economic future is strong, Gov. Pedro Pierluisi said in a televised interview that bondholders said means the Puerto Rico Electric Power Authority can afford to pay them more. On Monday morning, PREPA bondholder GoldenTree Asset Management and PREPA bond insurer Syncora Guarantee presented Pierluisi’s statements to U.S. District Judge Laura Taylor Swain, who
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a professor of International Relations emeritus at Sciences-Po (Paris) and a former senior adviser to the United Nations secretary-general Before October 7, the world saw Israel as a start-up nation, with a
Claustrophobic rooms, lowered voices, rice rations and threats: a picture is emerging of the distress and discomfort of life in the hands of Hamas, after the Palestinian militant group began releasing women and children as part of a temporary truce deal with Israel. Speaking publicly in the week that dozens of captives were released, relatives
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors
A townhouse for sale in the Upper East Side neighborhood of NYC. Adam Jeffery | CNBC Higher mortgage rates appear to be doing very little to cool home prices. Nationally, prices were 3.9% higher in September compared with the same month a year earlier, up from a 2.5% annual gain in August, according to the
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. The dollar hit a three-month low on Tuesday and US Treasury yields slid as investors grew increasingly confident that the US Federal Reserve will start cutting interest rates by mid-2024. The US currency slid
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. There is no scope to cut UK interest rates “anytime soon”, a Bank of England policymaker has warned, echoing warnings from senior officials that borrowing costs will remain at or near their current level
A team of public finance bankers focused on healthcare has left Citigroup Inc. for rival Jefferies Financial Group after the firm’s executives have mulled closing the municipal banking department altogether, according to people familiar with the matter. The group of about 10 bankers departing for Jefferies includes managing directors Brian Carlstead, Ben Klemz, and Katherine
David Paul Morris/Bloomberg U.S. regulators’ swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits. That’s the assessment of two Federal Reserve Bank of New York researchers writing in a
Declining enrollment and fiscal constraints were cited by Moody’s Investors Service in a one-notch downgrade of Issaquah School District 411 in King County, Washington. The school district’s outlook was also revised to stable from negative, according to Monday’s ratings report. The district has roughly $670 million of general obligation unlimited tax (GOULT) debt. The Moody’s
Anyone who has ever had the privilege of living on the waterfront will tell you that this is living. The new house has a big waterfront view on Oswego Lake. LUXE On the western edge of Oregon’s Oswego Lake is an exclusive district known as the Gold Coast. The neighborhood enjoys access to recreational and