Warren Buffett: US will do ‘fine under Donald Trump’

Jan 22nd 2017 4:46PM When renowned investor Warren Buffett, a vocal Hillary Clinton supporter, was asked about President Donald Trump during a recent interview with CNBC, he commented that the U.S. will be just fine because the country has the “secret sauce.” He also said, “America works… I’ve said this before. It’ll work wonderfully under…

The Trump effect on small businesses

Alberto Guglielmi/Getty Images Lisa Hall has mixed feelings about Donald Trump’s victory in the presidential election. The New York restaurant owner does not agree with all of his politics, but she feels squeezed by some burdens on her business and is optimistic Trump will help her and other small-business owners. Trump has vowed to lower…

Yemen central bank crisis raises new famine fears

Yemen central bank crisis raises new famine fears   LONDON/DUBAI, Oct 4 (Reuters) – Intensive care wards in Yemen’s hospitals are filled with emaciated children hooked up to monitors and drips – victims of food shortages that could get even worse due to a reorganization of the central bank that is worrying importers. With food…

Millennials aren’t spending money like their parents did

Business Insider (feedback@businessinsider.com) Sep 17th 2016 9:22AM Millennials are spending their money differently from their parents and grandparents. Gordon Smith, chief executive for consumer and community banking at JPMorgan, gave a presentation on Monday at the Barclays Financial Services Conference discussing the spending patterns of millennials. JPMorgan is especially focused on this group, and we’ve…

Ho-hum GDP report keeps lid on mortgages

Vstock LLC/Getty Images Today’s weak report on 2nd quarter gross domestic product is welcome news for mortgage shoppers. Real gross domestic product grew at an annual rate of 1.2% in the 2nd quarter, according to the Department of Commerce. The market expectation had been more like a 2.6% increase. RATE SEARCH: Shop today for a…

Supreme Court punts on consumer issues

Mark Wilson/Getty Images Court watchers had feared the February death of Justice Antonin Scalia would leave the Supreme Court in a 4-4 deadlock on numerous contentious issues. Instead, a more cautious court, which concluded its term Monday, appeared to go out of its way in several circumstances not to make sweeping judgments while a court…

“Europe is destroyed”: ISIS celebrates Brexit vote

Britain voted to leave the European Union Thursday, in a shocking move that’s already sent global markets tumbling and prompted Prime Minister David Cameron to announce his resignation. Watching the upheaval from the Brexit start to reverberate, supporters of the Islamic State are celebrating online in forums and social media, proclaiming “Europe is destroyed!” “At…