Buffett on the Economy, Politics
Airtime: Mon. Mar. 1 2010 |
Legendary investor Warren Buffett, chairman and CEO of Berkshire Hathaway, talks to CNBC about the economy and politics.
Airtime: Mon. Mar. 1 2010 |
Legendary investor Warren Buffett, chairman and CEO of Berkshire Hathaway, talks to CNBC about the economy and politics.
Following the same path as Japan, China will face an inevitable collapse within the next decade or so, says George Friedman, CEO of Stratfor. He tells CNBC’s Martin Soong that a country’s growth rate doesn’t represent health.
US tech bellwether Intel reported a near quadrupling of profit in the first quarter. It also raised its full-year margins outlook. “We’re delighted with the performance, to see a record Q1 on the back of a tough 2009,” Graham Palmer, UK MD at Intel, said Wednesday. “From a European perspective, we exceeded our expectations.”
Profit at Randgold Resources jumped 83% in the first-quarter of 2010 compared to the previous year. Mark Bristow, CEO of Randgold Resources, expects a strong performance in the final quarter.
About 180 class-action law suits have been filed against BP as a result of the Gulf oil spill. Robin Greenwald from Weitz & Luxenberg is filing two suits against the oil major and spoke to CNBC about the cases.
“I think interest rates forever in the US will be at zero. By zero I mean below the rate of inflation,” Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Thursday. Faber also said that the Chinese economy will slow down, but avoid a crash.
Former New Jersey Governor Jon Corzine is back on Wall Street as the new chairman and CEO of MF Global. He discusses his new role with CNBC.