Charlie Munger reportedly warns of trouble for the U.S. professional assets marketplace

Key Details

Charlie Munger reportedly thinks there is issues ahead for the U.S. commercial property marketplace.
The 99-calendar year-aged investor instructed the Financial Periods that U.S. banking institutions are packed with “bad financial loans” that will be vulnerable as “terrible occasions appear” and residence costs drop.
“It truly is not nearly as lousy as it was in 2008,” he told the Monetary Occasions in an job interview. “But issues takes place to banking just like difficulties comes about in all places else.”

Resource

Finance

Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ’s Wholesale Club and more

November 21, 2024

Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Nvidia beat on top and bottom lines for the third quarter, posting adjusted earnings of 81 cents per share on revenue of $35.08 billion. Analysts polled by LSEG […]

Finance

Stocks making the biggest moves premarket: Snowflake, Nvidia, BJ’s Wholesale and more

November 21, 2024

Check out the companies making headlines before the bell. Snowflake – Shares surged more than 21% following the company’s better-than-expected third-quarter results and strong guidance. Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of […]

Finance

Baidu posts 3% drop in third-quarter revenues, beating market expectations

November 21, 2024

Key Points Chinese tech company Baidu on Thursday reported better-than-expected revenue and profit for the third quarter. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Source