Finance

Today, Berkshire Hathaway is massive conglomerate worth north of $785 billion with businesses and investments all around the world. This exceeded Charlie Munger’s wildest dreams. “I did not think we’d ever have … so many hundreds of billions in Berkshire,” Munger, the former vice chairman of Berkshire, said in his …

Charles Munger at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Charlie Munger, Warren Buffett’s righthand man for nearly six decades, was a shrewd investment genius in his own right, passing on rich investing wisdom for generations of investors to learn …

Tooga | Digitalvision | Getty Images Long delays to get a new U.S. passport have eased from earlier in 2023 but haven’t yet returned to their pre-pandemic baseline. As of Nov. 6, the U.S. State Department is processing routine passport applications in seven to 10 weeks, the agency said. It’s …

Team of millennial colleagues sharing ideas for new business start up, togetherness, innovation, diversity 10’000 Hours | Digitalvision | Getty Images More workers are getting access to a Roth savings option in their 401(k) plans. In 2022, 89.1% of employers that sponsor a 401(k) plan allowed workers to set aside …

Cautious investors piling into cash may want to consider other options. According to SPDR Exchange Traded Funds’ Matthew Bartolini, active management can also provide them with stability and income while creating more opportunities for upside. “Active fixed income has been really a consistent engine of support within the active [ETF] …

U.S. President Joe Biden and Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation summit in Woodside, California, on Nov. 15, 2023. Kevin Lamarque | Reuters BEIJING — U.S. President Joe Biden’s meeting with Chinese President Xi Jinping last week has set a bottom …

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation remains well above their goal, according to minutes released Tuesday.  The summary of the meeting, held Oct. 31-Nov. 1, showed that Federal Open Market Committee members still worry that inflation …

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. Florence Lo | Reuters BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the previous three months. The company’s U.S.-listed …

Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent it from deteriorating further, analysts said. Existing home prices …

Thomas Barwick | Digitalvision | Getty Images When it comes to dining, tipping at least 15% to 20% is traditional etiquette, say experts. It seems many Americans disagree. Almost 1 in 5, 18%, of people tip less than 15% for an average meal at a sit-down restaurant — and an …