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Warren Buffett: America's 1,300 newspapers have failed to become economically viable

Warren Buffett answers a question about Berkshire Hathaway's newspaper investments, noting that most newspapers haven't come up with a digital strategy that makes enough money.

  • The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs
    News
    MarketWatch

    The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs

    When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.

  • Business
    CNBC

    Goldman Sachs sees a correction coming for chipmakers but still likes Nvidia

    "We foresee a cyclical correction approaching and recommend investors to stay selective in Semis," Goldman Sachs said in a note Thursday. Nvidia is Goldman's top choice in the industry. Goldman Sachs warned clients about a downturn coming for the semiconductor sector, but still recommends some chip stocks.

  • Can Square (SQ) Keep the Earnings Surprise Streak Alive?
    Business
    Zacks

    Can Square (SQ) Keep the Earnings Surprise Streak Alive?

    If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Square (SQ). This mobile payments services provider has an established record of topping earnings estimates, especially when looking at the previous two reports. For the previous quarter, the consensus estimate was $0.05 per share, while it actually produced $0.06 per share, a surprise of 20%.

  • Russians Flock to Saudi Forum as Putin Downplays Khashoggi Case
    World
    Bloomberg

    Russians Flock to Saudi Forum as Putin Downplays Khashoggi Case

    A large delegation of Russian chief executives and at least one billionaire plan to attend Saudi Arabia’s Future Investment Initiative next week amid a raft of desertions from western companies in response to dissident journalist Jamal Khashoggi’s disappearance. Saudi officials deny involvement. “Why should we spoil our relationship with Saudi Arabia without understanding what had happened there?” Russian President Vladimir Putin told the Valdai foreign-policy forum in Sochi on Thursday.

  • Aurora Cannabis Gets License for Aurora Sky Facility
    Finance
    Market Realist

    Aurora Cannabis Gets License for Aurora Sky Facility

    Key Updates from the Cannabis Sector after Legalization in Canada (Continued from Prior Part) Aurora Sky license On October 17, Aurora Cannabis (ACB) (ACBFF) announced that it received sales licenses from Health Canada. Aurora Cannabis stated that with

  • 7 Stocks Warren Buffett Can’t Stop Buying
    Finance
    InvestorPlace

    7 Stocks Warren Buffett Can’t Stop Buying

    Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist and owns more than 60 companies.

  • Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage
    Finance
    Market Realist

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage Kinder Morgan’s third-quarter results Kinder Morgan (KMI) announced its third-quarter results on October 17 after the markets closed. The company announced an adjusted EPS of $0.21—up ~40%

  • Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'
    Finance
    Yahoo Finance

    Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'

    U.S. Treasury Secretary Steven Mnuchin tweeted Thursday that he will not be attending the Future Investment Initiative in Saudi Arabia next week. The news comes after prominent members of the world’s business community have been dropping out of Saudi

  • Finance
    Associated Press

    PPG Industries: 3Q Earnings Snapshot

    PITTSBURGH (AP) _ PPG Industries Inc. (PPG) on Thursday reported third-quarter earnings of $378 million. On a per-share basis, the Pittsburgh-based company said it had profit of $1.55. Earnings, adjusted for one-time

  • Cramer's lightning round: For growth and yield, go with V...
    KHC
    CNBC Videos

    Cramer's lightning round: For growth and yield, go with V...

    Jim Cramer speeds through his take on callers' favorite stocks, including his favorite pick for "decent growth with good yield."

  • Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back
    Business
    Motley Fool

    Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back

    Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. An upgrade assigned to the stock by Deutsche Bank appears to be the primary reason for the move. A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com.

  • Cramer: Buy FAANG now
    NFLX
    CNBC Videos

    Cramer: Buy FAANG now

    CNBC's 'Squawk on the Street' team discusses why Jim Cramer is bullish on FAANG stocks.

  • Jamal Khashoggi's brutal death brings to question an era of Bay Area tech investment
    Finance
    American City Business Journals

    Jamal Khashoggi's brutal death brings to question an era of Bay Area tech investment

    New details have emerged about the killing of journalist Jamal Khashoggi by Saudi agents — involving his beheading and dismemberment upon entering the Saudi consulate in Istanbul, Turkey — thanks to audio files described by Turkish officials. As evidence mounts of the Washington Post columnist’s gruesome death tied to Saudi Arabia, Bay Area tech companies, which have gobbled up billions in funding from the kingdom in recent years, could see that money river dry up as Saudi investment becomes increasingly toxic. President Donald Trump has criticized those rushing to condemn the nation, telling the Associated Press: "You know, you’re guilty until proven innocent." Yet even still, Japanese investor Softbank isn’t stomaching the brutal killing tied to its major investment fund so easily.

  • Is the Sell-Off in US Steel Stocks Overdone?
    Finance
    Market Realist

    Is the Sell-Off in US Steel Stocks Overdone?

    Is the Sell-Off in US Steel Stocks Overdone? US steel stocks US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight”

  • How the Recent Sell-Off Impacted AT&T’s Technical Indicators
    Finance
    Market Realist

    How the Recent Sell-Off Impacted AT&T’s Technical Indicators

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) AT&T’s moving averages Now let’s look at AT&T’s (T) technical indicators and compare them to its peers in the telecom space. The sell-off of AT&T stock in October saw

  • Business
    Fox Business

    Social Security falling short? Top ways to supplement retirement income

    While next year retirees will see the biggest bump in their Social Security checks since 2012, industry groups have cautioned it won’t be enough to cover rising lifestyle costs. The AARP and the Alliance for Retired Americans said the 2.8 percent jump in benefits would not be enough to keep up with increasing expenses related to health care, housing and prescription drugs, presenting a challenge to the many people who rely on the checks to live. “For today’s retiree, the pension is becoming more and more hard to come by, therefore many of today’s retirees depend on social security for a large part of their income stream,” John Iammarino, principal and founder of Securus Financial, told FOX Business.

  • Why MannKind Corp. Soared 16.4% Tuesday
    Business
    Motley Fool

    Why MannKind Corp. Soared 16.4% Tuesday

    After MannKind Corp. (NASDAQ: MNKD) announced that it closed on its planned collaboration agreement with United Therapeutics (NASDAQ: UTHR), its shares rallied 16.4% on Tuesday. MannKind only has one Food and Drug Administration (FDA)-approved drug to its name, Afrezza, an inhalable insulin. Afrezza was launched in 2015 and sales have been far shy of optimistic pre-launch forecasts.

  • Don't Fall Into These 2 Yield Traps: This Stock Is a Better Buy
    Business
    Motley Fool

    Don't Fall Into These 2 Yield Traps: This Stock Is a Better Buy

    For example, USA Compression Partners LP (NYSE: USAC) and CSI Compressco LP (NASDAQ: CCLP) offer investors yields of 12% and 13%, respectively, but they provide a niche service, and results can be volatile. Leverage can be great when things are going well, but can cause problems when times are tough.

  • Intel restructures manufacturing organization
    Finance
    American City Business Journals

    Intel restructures manufacturing organization

    Chip giant Intel is restructuring its technology and manufacturing business group as it chases more connected device markets and grapples with delays on its next chip generation. In a memo to employees, reviewed by the Business Journal, Group President and Chief Engineering Officer Murthy Renduchintala described splitting the technology and manufacturing business into three groups. The three new groups are technology development, manufacturing and operations and global supply chain.

  • Nokia in Q3 2018: Why Analysts Are Estimating Lower
    Finance
    Market Realist

    Nokia in Q3 2018: Why Analysts Are Estimating Lower

    Nokia (NOK) is expected to announce its third-quarter earnings on October 25. Analysts expect revenue of $6.4 billion compared to $6.46 billion in Q3 2017, indicating a year-over-year decline of 1%. Revenues for Ericsson (ERIC) and Juniper Networks (JNPR) are expected to fall 4.2% and 6.5%, respectively, in their current quarters.

  • Bears in for a Tough Ride after Alcoa’s Third-Quarter Earnings
    Finance
    Market Realist

    Bears in for a Tough Ride after Alcoa’s Third-Quarter Earnings

    Alcoa (AA), the leading US-based aluminum producer, released its Q3 2018 earnings yesterday, October 17, after the close of markets (XME). Alcoa’s Q3 earnings were better-than-expected, and the stock was trading sharply higher in after-market trading yesterday. Alcoa reported revenues of $3.39 billion in the third quarter.

  • GE to pay penalty if falls short of French job pledges: ministry
    Business
    Reuters

    GE to pay penalty if falls short of French job pledges: ministry

    General Electric's new CEO told France's finance minister on Wednesday that it would stick to his predecessor's French job pledges or pay a penalty, the Finance Ministry said. Former CEO John Flannery warned French Finance Minister Bruno Le Maire in June that the target was "out of reach", and the government raised the possibility of fines worth 50,000 euros ($57,570) for each job not created. GE's new CEO Larry Culp, who took up his post at the start of the month, told Le Maire in a meeting on Wednesday that France remained a strategic country for the company, the ministry said in statement.

  • Pricing boost helps Philip Morris quarterly results to beat estimates
    Business
    Reuters

    Pricing boost helps Philip Morris quarterly results to beat estimates

    Philip Morris International (PM.N), maker of Marlboro cigarettes, maintained its full-year guidance on Thursday after higher pricing helped it to report better than expected quarterly sales and profit. Philip Morris is pinning its hopes for the future on its IQOS device, which heats tobacco instead of burning it, thereby producing a vapour instead of smoke. Shares in Philip Morris also fell this week after rival British American Tobacco (BATS.L) cut its full-year revenue target for cigarette alternatives such as vaping pens and tobacco heating devices, citing a flat market in Japan and a product recall in the United States.

  • 'It's Not a Republican Problem.' Mitch McConnell Blames Entitlements for Rising U.S. Deficits
    Politics
    Fortune

    'It's Not a Republican Problem.' Mitch McConnell Blames Entitlements for Rising U.S. Deficits

    Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House. “It’s disappointing but it’s not a Republican problem,” McConnell said in an interview with Bloomberg News when asked about the rising deficits and debt.

  • Is Tilray a Better Marijuana Stock to Buy Than Aurora Cannabis?
    Business
    Motley Fool

    Is Tilray a Better Marijuana Stock to Buy Than Aurora Cannabis?

    Marijuana users are cheering the legalization of marijuana for recreational use in Canada, but it's not just pot advocates who are excited. Investors are also upbeat because the recreational market for marijuana represents a massive opportunity for sales growth for leading Canadian cannabis companies, including Tilray Inc. (NASDAQ: TLRY) and Aurora Cannabis (NASDAQOTH: ACBFF). Medical marijuana has been legal in Canada for years, and while medical marijuana sales total in the hundreds of millions of dollars annually, the potential market opportunity associated with recreational use is significantly bigger.