Wall Street is dangerously overestimating Fed rate cut odds, investor who oversees $135 billion in bonds warns

Wall Street is dangerously overestimating Fed rate cut odds, investor who oversees $135 billion...

David Leduc believes too many investors are on the wrong side of the bond trade. Leduc, chief investment officer of Mellon's active fixed-income team, blames it on a disconnect between Wall Street and the Federal Reserve. "If you look at Fed Funds futures, they're still pricing in about a 50% chance of a rate cut…
Here are two cool iPhone camera tricks you’re probably not even using

Here are two cool iPhone camera tricks you’re probably not even using

Close up on iPhone camera Jaap Arriens | NurPhoto | Getty Images You don't need to be a professional photographer to take some pretty cool shots with your iPhone. You just need to know where to look on the device so that you're using the right options to get the best shot. This isn't about…
Warren Buffett: If a bank needs a government bailout, the CEO and spouse should lose ‘net worth’

Warren Buffett: If a bank needs a government bailout, the CEO and spouse should...

Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC OMAHA, Neb. — Berkshire Hathaway Chairman and CEO Warren Buffett thinks CEOs of failing banks should lose literally everything they're worth. "If a bank gets to where it needs government assistance, the responsible CEO should lose his net worth and his spouse's…
Buffett hints at possible successors, but 88-year-old CEO largely avoids the issue again

Buffett hints at possible successors, but 88-year-old CEO largely avoids the issue again

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters OMAHA, Neb. — 88-year-old Warren Buffett gave Berkshire Hathaway shareholders another hint about who his successor (or successors)…
Executive turnover at Kraft Heinz continues as chief marketing officer departs

Executive turnover at Kraft Heinz continues as chief marketing officer departs

Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz's U.S. chief marketing officer,  Eduardo Luz, is leaving the company as executive turnover continues at the embattled food giant. Kraft Heinz announced last month its long-time CEO Bernardo Hees is stepping down on June 30 and will be replaced by Miguel Patricio, Anheuser-Busch InBev's…
Warren Buffett says Berkshire’s purchase of high-flying Amazon was still ‘value investing’

Warren Buffett says Berkshire’s purchase of high-flying Amazon was still ‘value investing’

Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Berkshire Hathaway's Amazon bet seems to stray from Warren Buffett's value investing style, but the Oracle of Omaha said the e-commence giant still meets…
Berkshire Hathaway will get ‘a little more liberal in repurchasing shares,’ Charlie Munger says

Berkshire Hathaway will get ‘a little more liberal in repurchasing shares,’ Charlie Munger says

Berkshire Hathaway Chairman Warren Buffett and Vice Chairman Charlie Munger are seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Scott Morgan | Reuters Berkshire Hathaway vice chairman and Warren Buffett's longtime partner Charlie Munger hinted that the company may be a little more aggressive in buying back its…
Trump says Kim Jong Un ‘does not want to break his promise’ despite North Korea’s latest launches

Trump says Kim Jong Un ‘does not want to break his promise’ despite North...

U.S. President Donald Trump walks with North Korean leader Kim Jong Un during a break in talks at the U.S.-North Korea summit in Hanoi on February 28, 2019. Saul Loeb | AFP | Getty Images President Donald Trump said Saturday that a deal with North Korea 'will happen,' hours after the South Korean military said…
Warren Buffett says auditor hasn’t approved Kraft Heinz’s financials: ‘There’s something going on’

Warren Buffett says auditor hasn’t approved Kraft Heinz’s financials: ‘There’s something going on’

Warren Buffett, CEO of Berkshire Hathaway, attends the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett said Kraft Heinz is in a dispute with its auditor, so Berkshire Hathaway doesn't have the food company's financials. "The auditor, which is Pricewaterhouse[Coopers] in this case, hasn't…
‘I could actually plan my life’: What student debt forgiveness would mean for borrowers

‘I could actually plan my life’: What student debt forgiveness would mean for borrowers

U.S. Sen. Elizabeth Warren (D-MA) speaks at the National Forum on Wages and Working People Ethan Miller | Getty Images When Elizabeth Warren released her sweeping student debt forgiveness proposal last month, many borrowers imagined how their lives would transform if their loan balance shrank or disappeared. "Emotionally, it's the biggest thing in the back…

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‘This is not a peace plan’: Palestinians shun Bahrain conference

‘This is not a peace plan’: Palestinians shun Bahrain conference

The Palestinian leadership has not been consulted about a US-led conference in Bahrain next month in support of Washington's Middle East peace plan, Palestinian Prime Minister Mohammad Shtayyeh said. Washington announced the conference on Sunday, describing it as the unveiling of the first part of US President Donald Trump's long-awaited proposal for solving the Israeli-Palestinian conflict.…
Some Republicans unsettled by Trump’s sweeping claims of immunity

Some Republicans unsettled by Trump’s sweeping claims of immunity

The handling of Robert Mueller's conclusions motivated one Republican lawmaker, Rep. Justin Amash of Michigan, to call for the president's impeachment over the weekend. | J. Scott Applewhite/AP Photo Senior House Republicans are breaking with Donald Trump over the president’s legal claims that Congress can’t investigate whether a commander-in-chief violated the law. That view, advanced…
DR Congo: President Tshisekedi names new prime minister

DR Congo: President Tshisekedi names new prime minister

President Felix Tshisekedi has named Sylvestre Ilunga Ilukamba as the new prime minister of the Democratic Republic of the Congo (DRC). The move was announced on Monday by presidential spokesman Kasongo Mwema Yambayamba, who said Ilukamba was appointed under a political agreement between Tshisekedi and his predecessor, Joseph Kabila. Ilukamba was previously the head of the DRC's national railway company. He also…