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
Apple Holding Keynote Event on Monday Night
Apple's 8pm ET event Monday will revolve around its iMAC computer lineup of products which are expected to contain its new faster and three next-generation silicon chip.
McDonald's Posts Better-Than-Expected Third-Quarter Profits & Sales
McDonald's reported better-than-expected profit and sales in the third quarter.
Stocks Set to Close Lower for October Ahead of Fed Decision, Key Jobs Data
Major stock indexes are slated to close lower this month as investors brace for the Federal Reserve's rate decision and ahead of new jobs data.
FDA Issues Alert For Some Eye Drop Products
The Food and Drug Administration issued an alert and specifically mentioned 26 eye drop products from a number of brands.
Pharmacy Workers Plan Nationwide Walkout
Workers at a number of pharmacy chains nationwide were planning a walkout Monday and going through Wednesday.
Biden Signing Wide-Range Executive Order on Artificial Intelligence
President Joe Biden on Monday will sign a sweeping executive order to guide the development of artificial intelligence — requiring industry to develop safety and security standards, introducing new consumer protections and giving federal agencies an extensive to-do list to oversee the rapidly progressing technology.
Be Well: Allure Magazine's Top Beauty Products
Beauty tips from Allure Magazine.
Study: The 10 Best States for Millennials
A new study finds where millennials live can affect how well they can do.
Apple Holding Keynote Event Monday Night
Apple's latest keynote event will be live-streamed on its website, YouTube and Apple TV At 8 p.m ET.
