Round 1 of the bank stress tests are in, and it looks like banks are going to be returning a lot of excess capital to shareholders in the form of dividends and share buybacks. Yahoo Finance's Alexis Christoforous is joined by Keith Bliss of Cuttone and Company from the floor of tRead More »
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.
(A Sears store seen in 2014 in Coral Gables, Florida.Joe Raedle/Getty Images) Sears Holdings is closing 20 more stores in the US, in addition to the 245 closings that had already been announced this year. The company announced the latest closures to
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. In his "No-Huddle Offense" segment, Cramer said that sometimes, hubris can be a virtue. That was certainly the case with Oracle (ORCL) , which soared 8.5% today after the company's earnings exceeded expectations and its conference call made analysts sit up and take notice. Cramer said Oracle's management deserved to celebrate their performance on the call. The company finally got it right and is accelerating growth and expanding margins. Oracle can provide lessons to IBM (IBM) , which is mounting a similar turnaround, but is not yet in a position to celebrate. On Real Money, Cramer talks about the competitors