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☆ Warren Buffett at 93: All of the big moves from the still-active investing legend in the past year
▼ + stars: | 2023-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Before turning 93 on Wednesday, Warren Buffett made a number of astute moves in the past 12 months that helped push his conglomerate Berkshire Hathaway to an all-time high. Buying T-bills Buffett's massive cash hoard swelled to nearly $150 billion at the end of the second quarter. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month" T-bills, Buffett told CNBC. Ramping up Japan bet Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%. Occidental stake tops 25% Buffett also kept buying the dip in Occidental Petroleum , now owning a quarter of the oil giant.

Persons: Warren Buffett, Berkshire Hathaway, he's, Buffett, Treasurys, Chamath Palihapitiya, oilman Armand Hammer, NVR, Todd Combs, Ted Weschler, Benjamin Moore Organizations: Buffett, Berkshire, CNBC, Japan, Mitsubishi, Mitsui, Sumitomo, Social, Occidental, Occidental Petroleum, Clayton Homes, Berkshire Hathaway Energy Locations: Berkshire, Fitch's, U.S, Japan, Occidental, Horton

For investors who had expected more economic strife, sticking to those calls has become increasingly difficult. "It's going to take longer for rates to rally," said John Madziyire, senior portfolio manager and head of U.S. Treasuries and TIPS at Vanguard Fixed Income Group. "Recession or no recession, we think the probability of higher-for-longer interest rates is far greater than the likelihood of near-term cuts," credit investment firm Oaktree Capital said in a recent note. A re-acceleration in inflation could lead to higher rates than the market has priced in. Some are navigating the uncertainty by combining exposure to higher-yielding short term bonds with long-term bonds in case of a downturn.

Persons: –, Felipe Villarroel, John Madziyire, Oaktree Capital, Danielle Poli, Anthony Woodside, Woodside, Stephen Dover, Chip Hughey, Davide Barbuscia, Richard Chang Organizations: Bond, Federal Reserve, TwentyFour Asset Management, Bank of, Fitch's U.S, Treasury, Oaktree, Fund, Reuters, U.S, Franklin Templeton Investment Solutions, Truist Advisory Services, Vanguard, Thomson Locations: U.S, Oaktree

☆ House Budget Chair Rep. Arrington on Fitch downgrade: Both sides have some share of blame here
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Budget Chair Rep. Arrington on Fitch downgrade: Both sides have some share of blame hereHouse Budget Committee Chair Rep. Jodey Arrington (R-Texas) joins 'Squawk Box' to discuss the fallout from Fitch's U.S. rating downgrade, what can be done about government deficits and spending, and more.

Persons: Arrington, Jodey Arrington Organizations: Fitch, U.S Locations: Texas

☆ Blackstone CEO Stephen Schwarzman on Fitch downgrade: The numbers justify it, regrettably
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone CEO Stephen Schwarzman on Fitch downgrade: The numbers justify it, regrettablyBlackstone chairman and CEO Stephen Schwarzman joins 'Squawk Box' to discuss becoming the first private equity firm to hit $1 trillion in assets, real estate market, politics, Fitch's U.S. rating downgrade, and more.

Persons: Stephen Schwarzman, regrettably Blackstone Organizations: Fitch Locations: U.S

☆ Watch CNBC's full interview with Blackstone CEO Stephen Schwarzman
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Blackstone CEO Stephen SchwarzmanBlackstone chairman and CEO Stephen Schwarzman joins 'Squawk Box' to discuss becoming the first private equity firm to hit $1 trillion in assets, real estate market, politics, Fitch's U.S. rating downgrade, and more.

Persons: Stephen Schwarzman Blackstone, Stephen Schwarzman Organizations: Blackstone Locations: U.S

☆ Blackstone CEO Stephen Schwarzman on reaching $1 trillion milestone, real estate and economy
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone CEO Stephen Schwarzman on reaching $1 trillion milestone, real estate and economyBlackstone chairman and CEO Stephen Schwarzman joins 'Squawk Box' to discuss becoming the first private equity firm to hit $1 trillion in assets, real estate market, politics, Fitch's U.S. rating downgrade, and more.

Persons: Stephen Schwarzman Locations: U.S

☆ Two financial experts discuss the markets' road ahead following Fitch's U.S. credit downgrade
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo financial experts discuss the markets' road ahead following Fitch's U.S. credit downgradeJanet Mui, Head of Market Analysis at RBC Brewin Dolphin, and Joanna Gallegos, Founder of Bondbloxx, discuss the outlook for stocks and bonds following Fitch's downgrade of the U.S.' credit rating.

Persons: Janet Mui, Joanna Gallegos Organizations: RBC, Bondbloxx, U.S

☆ Sen. Joe Manchin on Fitch's U.S. rating downgrade: We have a fiscal runaway train
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Joe Manchin on Fitch's U.S. rating downgrade: We have a fiscal runaway trainSen. Joe Manchin (D-W.Va.) joins 'Squawk Box' to discuss the fallout from Fitch's U.S. credit rating downgrade, what leaders in Washington need to do, and more.

Persons: Email Sen, Joe Manchin, Sen Organizations: Email, Fitch's U.S Locations: Fitch's, Washington

☆ Former Sen. Pat Toomey on Fitch's U.S. downgrade: We are on an unsustainable fiscal path
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Sen. Pat Toomey on Fitch's U.S. downgrade: We are on an unsustainable fiscal pathFormer U.S. Senator Pat Toomey (R-Pa.) and former U.S. Senator Heidi Heitkamp (D-N.D.) join 'Squawk Box' to discuss the fallout from Fitch's U.S. rating downgrade, what can be done about the growing debt, and more.

Persons: Former Sen, Pat Toomey, Heidi Heitkamp Organizations: Former, Fitch's U.S, U.S

☆ Warren Buffett says he’s not worried about Fitch’s U.S. downgrade
▼ + stars: | 2023-08-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Warren Buffett tours the floor ahead of the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, NE. Warren Buffett shrugged off Fitch's U.S. credit rating downgrade, noting it doesn't change what his conglomerate, Berkshire Hathaway , is doing at the moment. On Tuesday, Fitch lowered its long-term foreign currency issuer default rating for the U.S. to AA+ from AAA. Buffett noted these concerns are valid, and the Oracle of Omaha said he doesn't agree with everything the federal government is doing. "The dollar is the reserve currency of the world, and everybody knows it," Buffett said.

Persons: Warren Buffett, Berkshire Hathaway, Treasurys, Buffett, CNBC's Becky Quick, Fitch, it's Organizations: Berkshire Hathaway, Berkshire, AAA, Oracle, Treasurys Locations: Omaha, Fitch's, Berkshire, U.S

☆ 'The stabilization could be ephemeral,' Cramer warns
▼ + stars: | 2023-08-03 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks mixed Wait for Dreamforce Watch Amazon 1. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, it's, Dreamforce, Salesforce, Jim, he'll, Jim Cramer's Organizations: CNBC, Qualcomm, PayPal, Nasdaq, Club, Nvidia, Devices, Amazon Web Services, AMD

☆ Morning Bid: Time for tech
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

The American flag flies over the U.S. Treasury building in Washington, U.S., January 20, 2023. U.S. Treasury yields and the dollar are clinging to nine-month peaks, while the VIX is headed for its biggest week-on-week gain since March. This will shift investors' focus to the use of artificial intelligence to augment Apple's growth. Policy makers are attempting a balancing act; trying to fight inflation without fanning recession risk. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jim Bourg, Karin Strohecker, BoE, Thomas Barkin, Christina Fincher Organizations: U.S . Treasury, REUTERS, Apple, U.S, Treasury, Nasdaq, Services, Bank of England, Moderna, Hasbro, Labor Department, Commerce Department, PMI, Federal Reserve Bank of Richmond, Graphics Reuters, Reuters, Thomson Locations: Washington , U.S, U.S, Europe

☆ Now's a good time to trim Big Tech stocks and cycle back into broader markets: BMO's Carol Schleif
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow's a good time to trim Big Tech stocks and cycle back into broader markets: BMO's Carol SchleifCarol Schleif, BMO Family Office CIO, joins 'Squawk Box' to discuss Fitch's U.S. long-term rating downgrade, the latest market trends, and more.

Persons: Carol Schleif Carol Schleif Organizations: Big Tech, BMO Family, U.S

☆ First Republic's strategic options "very challenging" - Fitch
▼ + stars: | 2023-04-25 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

NEW YORK, April 25 (Reuters) - First Republic Bank's (FRC.N) strategic options are "very challenging" because any potential sale is unlikely without the lender taking big writedowns on its mortgage loan book and securities portfolio, analysts at Fitch Ratings said on Tuesday. "The options are very challenging and probably very costly, especially for shareholders. The bank said it was "pursuing strategic options" to strengthen the bank, without providing details. "There are still more downside risks until some clarity emerges on what their strategic options can be," Wolfe said. First Republic's total investment securities stood at $34.8 billion at the end of March, rising 9.8% from the fourth quarter, it said on Monday.

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