Jim Rogers needs little introduction. He’s the man behind the Quantum Fund – one of the most successful hedge funds of all time. Jim is an investing legend, best-selling author and Guinness World Record holder. So when he speaks, smart investors listen. I recently sat down with Jim for our Asia Wealth Virtual Summit to … Read more
Billionaire investor Warren Buffett told CNBC Monday that Berkshire Hathaway investment managers Ted Weschler and Todd Combs have trailed the S&P 500 by a “tiny bit” since each joined the company. However, the Berkshire chairman and CEO points out that they’ve done better in the market then he has over the same periods of time. … Read more
The Federal Reserve is likely near the end of interest rate increases and the program to reduce the bonds it holds on its balance sheet, St. Louis Fed President James Bullard said Thursday. “I think the message from my point of view is the normalization process in the United States is coming to an end,” … Read more
A Chinese state-run newspaper claimed in an editorial published late Tuesday that the U.S. faces greater pressure to resolve its ongoing trade war with China because failed negotiations would likely have major consequences for stocks worldwide. On Tuesday, the S&P 500 rose after U.S. President Donald Trump again indicated the world’s two largest economies might … Read more
Walmart reported on Tuesday earnings and revenue for the holiday quarter that topped analysts’ expectations, as its e-commerce sales surged 43 percent thanks to more shoppers using its online grocery delivery service and spending more per trip. CEO Doug McMillon said “a favorable economic environment” has been helping Walmart grow sales and take market share … Read more
I’m going to tell you about three more emotional responses to watch out for – and how to overcome them – when you invest… Confirmation bias Everyone likes being proven correct. Most people look for information and insight to confirm what they already believe – and avoid information that challenges their pre-existing beliefs. Often, even … Read more
The fourth-quarter stock market meltdown continued to reverberate with investors in January, with many fleeing to cash and dumping risk despite a sharp rebound during the month. Bank of America’s Merrill Lynch’s latest fund manager survey, which gauges where global pros are positioning, showed the biggest net overweight position in cash since January 2009, just … Read more
Apple just released iOS 12.1.4 which includes a fix for a group FaceTime bug that let people eavesdrop on conversations even if they never answered a call. The bug went viral last week after a 14-year old discovered that, while group FaceTiming with friends on his iPhone, he was able to hear someone who hadn’t … Read more
Twitter reported earnings for its fourth quarter 2018 Thursday, posting revenue and GAAP earnings per share that beat estimates and monthly active users that roughly met analyst expectations. The stock was bouncing around following the news, but then fell about 7 percent after providing light guidance. Here’s what Twitter reported: Earnings per share: 31 cents … Read more
Oil prices mostly held earlier losses on Wednesday after weekly government data showed a rise in U.S. crude stockpiles. Crude futures fell earlier after an industry report suggested a larger rise in crude inventories, while concerns about the impact on global supplies of U.S. sanctions on Venezuela faded. Benchmark Brent crude slipped 21 cents to … Read more