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  • Call of the week: CAT downgraded on concern Trump infrastructure plan won't pass

    Deutsche Bank downgraded Caterpillar from buy to hold and slashed its price target on the stock to $106.

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  • A 27-year-old with $181,000 in the bank explains the simple calculation that keeps him from overspending
    Business
    Business Insider19 hours ago

    A 27-year-old with $181,000 in the bank explains the simple calculation that keeps him from overspending

    At just 27 years old, the blogger behind the Money Wizard — who goes by the pen name Sean online — has banked more than $181,000. "Probably what's most driving me [to retire early] — I just want freedom," he told Business Insider. Ultimately, Sean's philosophy for building wealth is based on calculating the value of his time, in dollars.

  • How big is bitcoin, really? This chart puts it all in perspective
    Business
    MarketWatch37 minutes ago

    How big is bitcoin, really? This chart puts it all in perspective

    Bitcoin burst into our financial consciousness like a fiery comet, setting the internet ablaze with visions of upending the existing global money system. Yet, by its nature as a cybercurrency, whose legitimacy only exists in the ether, its credibility leaves much room for debate. HowMuch.net on Wednesday put things into perspective and demonstrated that for all the buzz and excitement bitcoin has generated, it still has a long way to go to be even remotely relevant. The current value of all the bitcoin BTCUSD, +0.33%   in the world is worth about $41 billion, according to the cost-estimating website. That is undoubtedly more money than most Americans will ever see in their lifetime. But when

  • Buffett partner Charlie Munger says Al Gore is ‘an idiot’ but became rich with this strategy
    News
    CNBCyesterday

    Buffett partner Charlie Munger says Al Gore is ‘an idiot’ but became rich with this strategy

    Warren Buffett's top lieutenant, Charlie Munger, told a small group of investors that the simple strategy of buying only service company stocks made former Vice President Al Gore very wealthy. "Al Gore has come into you fellas business. Hedge fund manager Whitney Tilson in one of his email newsletters pointed to the YouTube videos of Munger's informal question-and-answer session held after the Journal meeting, and other investors have confirmed the subject matter of the talk.