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
Consumer Confidence Drops to 5-Month Low
Consumer Confidence Drops to 5-Month Low
Paychecks Grow Faster Than Expected in Q3
Paychecks Grow Faster Than Expected in Q3
Samsung Posts Better-Than-Expected Operating Profit
Samsung reported better-than-expected operating profits in the third quarter.
Apple Announces New M3 Chips
Apple's latest event announced new Mac products and new chips and the company's latest line of Macbook Pros and iMacs were unveiled.
Stocks Dip Amid Slew of Earnings Reports, Ahead of Fed Decision
Stocks fell in the opening session Tuesday as earnings reports continued to pour in and as investors brace for the Federal Reserve's interest-rate decision on Wednesday.
Stretching Your Dollar: How to Get Health Insurance as A Freelance Worker
What to Know About Open Enrollment
Consumers Keep Spending Despite High Prices and Wwn Gloomy Outlook. Can it Last?
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.
FDA Says WanaBana Fruit Puree Pouches May Contain Dangerous Levels of Lead
The U.S. Food and Drug Administration is warning parents and caregivers not to buy or serve certain pureed fruit pouches marketed to toddlers and young children because the food might contain dangerous levels of lead.
How Extreme Weather May Have Affected Pumpkins You Picked for Halloween
Some pumpkin farmers in the West, particularly wholesalers in places like Colorado and New Mexico, are feeling the pinching effects of drought.
