Charlie Munger (Trades, Portfolio) is an investor and the business partner of the world’s most famous investor, Warren Buffett (Trades, Portfolio), but he is also among the rarified group that cleaned up during the financial crisis. The fountain of wit, wisdom and ice-cold discipline got into the market at its most despairing and quietly made a small fortune, primarily on banks, which he....More>>>
BP (NYSE:BP) has been in the news quite a bit, especially with regard to its investment plans. News of the company’s plans in Australia surfaced earlier this week as BP announced it would withdraw from its position in the Great Australian Bight. Over the past few weeks, we have seen some news about BP’s other investments surface as well, particularly in India and Argentina. Could these....More>>>
Stocks inched upwardFriday after remarks by Federal Reserve Chair Janet Yellen pointed to a rate hike later this month.
The Dow andS&P 500 posted fractionalgains.The blue chips barelyfinishedhigher on the day, up 3 points and staying above 21,000, ending at 21,005.71.
Climbing 0.2% was the Nasdaq composite, to 5870.75.
At our meeting later this month, the committee will....More>>>
For years, the conventional wisdom was “pay off your mortgage as fast as you can!” For an entire generation, this mantra resulted in “note-burning parties.”
But prepaying your mortgage, while it can save you money on total interest, may not make sense for you in the long term. Homes aren’t really investments, so handing over extra money to a bank may not make....More>>>
Treasury yields inched higher Friday, but ended lower on the week as a combination of concerns about geopolitics and uncertainty about President Donald Trumps policy priorities helped to support buying in the perceived safety of government bonds.
On Friday, yields mostly ticked up for a second straight session as the so-called reflation trade was rekindled amid Trumps promise to reveal details....More>>>
Trump to Direct DOL to Delay Fiduciary Rule: Sources
Trump Issues Order to Knock Out 2 Regs for Every New One
Trump Order to Delay DOL Fiduciary Rule Said to Be Coming Soon
Ameriprise Financial says its net income rose 12% from last year to $400 million, or $2.46 per share, in the fourth quarter of 2016 — topping analyst estimates. Sales, though, fell 1% to $3.1 billion.