Charlie Munger's close friend and confidant, Li Lu, recently penned a tribute to the late investor. Warren Buffett's business partner was uniquely committed to morality and fairness, Li said. Munger showed the world it's possible to live virtuously while embracing capitalism, Li said. A close friend and confidant of Charlie...

Federal surveys measuring prices, job openings, and other stats have been seeing declining response rates. That's concerning for markets that have become ultra-sensitive to economic data because it affects Fed policy. Investors need to be more cautious when reacting to official statistics, former Fed economist Claudia Sahm said. Inflation. Jobs....

Top retailers in recent quarters have complained of the costs of "shrinkage." It's a phenomenon that includes theft ranging from small-time shoplifting to bigger retail crime schemes. An expert says it's problem for investors and consumers, and it could get worse during the holidays. Retailers in recent quarters say they're...

With the job market holding up and inflation cooling off, 2024 is set to be a great year for the stock market.

Bank of America strategists broke down the five biggest lessons for investors and the economy from 2023. The US economy navigated aggressive Fed rate hikes, China struggled, and bond vigilantes returned. For investors, 2023 marked the end of "TINA" and introduced alternatives to equities. Through 2023, surging interest rates have...

Nvidia's unofficial corporate mantra is that it is just 30 days from going out of business, which stems from the its near-death experience in 1996.

US housing market affordability will improve in 2024, but challenges will remain, Realtor.com said. Home prices will drop, but the decline in mortgage rates will be limited. The lock-in effect from rates will persist, bringing little relief to the market's lack of supply. Some relief is coming for the housing...

Nelson Peltz is launching a second proxy battle at Disney, ramping up the pressure on CEO Bob Iger. The activist investor's fund, Trian Partners, said it would take its "case directly to shareholders." The statement comes after Disney rejected Peltz's request for seats on the board. Nelson Peltz signaled he...

Saudi Arabia may "flush" the market with a flood of supply that would sink prices, an expert said. That comes as OPEC+ concluded its latest meeting where members pledged voluntary production cuts without giving firm commitments. Meanwhile, US crude output has been on a tear this year, hitting new record...

The safety-trade of 2022 has been largely reversed this year as investors pile into tech stocks. This can be seen in Dividend ETF flows, which have fallen off a cliff in 2023 from a record in 2022. Popular dividend ETFs have badly lagged the broader stock market this year as...

US stocks jumped Friday despite Jerome Powell's attempt to dampen rate-cut hopes. The Fed chair said it would be "premature" to guess when policy might ease. He also acknowledged policy is "well into restrictive territory," suggesting the tightening cycle is over. US stocks rose on Friday, building on last month's...

A senior US diplomat said that sanctions against Russia will likely stay in place through the decade. Geoffrey Pyatt told the Financial Times that the restrictions aim at curbing Moscow's energy revenue by half. This will help limit Russia's ability to rearm for future aggression, he said. The US will...

It's time for a correction in the stock market, according to Wells Fargo investment strategist Chris Harvey. Harvey said the US consumer is about to tap out and the Federal Reserve won't be cutting interest rates anytime soon. "The VIX is at 13, everyone's really happy, and it's time for...

The Saint Petersburg stock exchange broke into chaos this week after a filing said the exchange was bankrupt. The filing was submitted by fraudsters, the exchange said in a statement. The turmoil briefly sent some shares plunging to their lowest-ever price. One of Russia's main stock exchanges descended into chaos...

After a strong 2023, investors biggest question is whether the stock market rally can continue next year. Business Insider has compiled a comprehensive list of Wall Street's 2024 stock market outlooks. From recessions to bull markets, here's what the top analysts expect for the S&P 500 next year. After a...

The "buy" signal flashing in stocks is dead, according to Bank of America. The bank pointed to its Bull & Bear contrarian indicator, which is in neutral territory. That's because stocks are nearing overbought levels, with 62% of global indexes passing key thresholds. The "buy" signal flashing in the stock...

Some crypto-linked names have gained over 250% this year, and bitcoin itself has climbed more than 130%.

The S&P 500's 8.9% rally in November was its 18th strongest month since 1950, LPL Financial said. Seasonal tailwinds, falling bond yields, solid earnings, and expectations for Fed rate cuts helped fuel the rally. LPL's chief strategist said historical trends point to a bullish six months ahead. The stock market's...

Bearish sentiment in the market has dropped to 19.6%, according to a recent AAII survey. Market pessimism is "unusually low." That's often followed by below average six-month returns in the S&P 500. "When extremes in bearish sentiment are reached, it's normally wise to be patient on initiating new positions," Fundstrat...

JPMorgan issued its 2024 stock market forecast, and it's the most bearish on Wall Street. The bank set a 4,200 price target for the S&P 500, representing potential downside of 8%. "Equities are now richly valued with volatility near the historical low, while geopolitical and political risks remain elevated." JPMorgan...