Charlie Munger says the U.S. commercial property market is in trouble: FT report

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCCharlie Munger believes there is trouble ahead for the U.S. commercial property market.The 99-year-old investor told the Financial Times that U.S. banks are packed with "bad loans" that will be vulnerable...

Read more...

U.S. bank deposits are safe

Paul Morigi | Getty Images Entertainment | Getty ImagesWarren Buffett said Americans should not be concerned about their bank deposits in the wake of the latest financial shock in the sector and the government would ensure no depositor in this country lost a dime."People shouldn't be worried about losing...

Read more...

Warren Buffett’s Berkshire Hathaway scoops up more Occidental shares on the oil dip

Warren Buffett 's Berkshire Hathaway has snapped up more shares of Occidental Petroleum , taking advantage of sliding oil prices amid the spreading banking crisis. The Omaha, Nebraska-based conglomerate bought 7.9 million shares in multiple trades on Monday, Tuesday and Wednesday, a new regulatory filing showed. The average price...

Read more...