Charlie Munger, vice chairman of Berkshire Hathaway, told the Financial Times that the U.S. commercial property market is in trouble. “It’s not nearly as bad as it was in 2008,” he said. “But trouble happens to banking just like trouble happens everywhere else.”
Share:
More In Business
Las Vegas Union Ratifies Contract for 100K Employees
Las Vegas Union Ratifies Contract for 100K Employees
Ford to Resume Building Michigan Electric Vehicle Battery Plant Delayed by Strike, but Scale It Back
Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.
Stanley Tumbler Survives Car Fire
The marketing slogan for Stanley Tumbler flask products is built for life and it looks like one video proves that to be true after a woman showed her burned-out car on TikTok along with her Tumbler cup, which was left undamaged.
Nvidia Earnings Due Later Tuesday After Record Trading
Nvidia's stock closed at an all-time high Monday at above $504 a share, ahead of the company's latest quarterly earnings report which is due out later Tuesday.
Tech CEOs Ordered to Testify About Child Exploitation
The CEOs of three popular tech companies have been subpoenaed by the Senate Judiciary Committee, which ordered the heads of Discord, Snap and X to testify at a hearing on protecting children online.
Elon Musk's X Sues Media Matters
'X' owner Elon Musk says he is suing watchdog group Media Matters after the group published an analysis writing that the social media company was placing advertisements from several brands next to anti-Semitic content.
Stocks Fall Amid Retail Financials, Ahead of Fed Minutes and Nvidia Earnings
Stocks fell amid disappointing retail earnings reports and ahead of financial statements from Nvidia and H-P as well as Fed minutes.
Nvidia to Report Earnings After Yesterday's Record Close
Nvidia to Report Earnings After Yesterday's Record Close
Some X Shareholders Calling for Musk to Be Suspended
Some X Shareholders Calling for Musk to Be Suspended
