By Isabel Coles in Mosul, Iraq and Ghassan Adnan in Baghdad Updated May 12, 2018 6:50 p.m. ET 82 COMMENTS Iraqis went to the polls Saturday but in lower numbers than the past, reflecting disillusionment with a political elite they blame for years of corruption and mismanagement that enabled the rise of Islamic State. The unpredictable election pitted moderate candidates favored by the U.S. against Iran-backed leaders, presenting a test for how President Donald Trump’s withdrawal from the Iran nuclear pact will affect the region’s politics. Results aren’t expected until Monday, and the country’s prime minister will be chosen during ensuing negotiations to form a governing coalition, which could take months. With about 92% of the counts voted late on Saturday night, less than 45% of eligible Iraqis had voted for candidates for 329 parliament seats, authorities said, less than in Iraq’s three previous national elections since the U.S.-led … [Read more...] about Low Turnout Reported in Iraqi Election as U.S. and Iran Vie for Influence
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OMAHA, Neb. (Reuters) - Billionaire Warren Buffett on Saturday said it is not likely that the United States and China will come to loggerheads on trade, saying the two countries would avoid doing “something extremely foolish.” Warren Buffett, CEO of Berkshire Hathaway Inc, talks to a reporter in the exhibit hall at the company's annual meeting in Omaha, Nebraska, U.S., May 5, 2018. REUTERS/Rick Wilking “The United States and China are going to be the two super-powers of the world, economically and in other ways, for a long, long, long time,” Buffett said at Berkshire Hathaway Inc’s (BRKa.N) annual shareholders’ meeting in Omaha, Nebraska. “We have a lot of common interests and like any two big economic entities, there are times when they’ll be tensions, but it is a win-win situation when the world trades,” Buffett said. “We will have disagreements with each other (both Democrats and Republicans) and we’ll have … [Read more...] about Buffett says U.S. and China will avoid ‘something extremely…
By Trevor Hunnicutt and Jonathan Stempel OMAHA, Neb. (Reuters) - Billionaire Warren Buffett on Saturday said it is not likely that the United States and China will come to loggerheads on trade, saying the two countries would avoid doing "something extremely foolish." "The United States and China are going to be the two super-powers of the world, economically and in other ways, for a long, long, long time," Buffett said at Berkshire Hathaway Inc's <BRKa.N> annual shareholders' meeting in Omaha, Nebraska. "We have a lot of common interests and like any two big economic entities, there are times when they'll be tensions, but it is a win-win situation when the world trades," Buffett said. "We will have disagreements with each other (both Democrats and Republicans) and we'll have disagreements with other countries on trade," Buffett said about a trade war. "It is just too big and too obvious for that the benefits are huge and the world is dependent on it in a major way for its … [Read more...] about Buffett says U.S. and China will avoid ‘something extremely foolish’ on trade
Last Updated Jun 19, 2009 2:06 AM EDT In a recent Wall Street Journal article, David Weidner explained how hedge funds are now driving the market and why that hurts buy-and-hold investors. When looking at the evidence, however, that claim doesn't seem to hold up. Weidner's main point is that large traders who control the volume are controlling stock prices. He points to General Motors stock as a prime example, as share prices are still trading around $1.50 despite the company being in bankruptcy. Here's what Weidner wrote: "Before the machines and the shorts took over Wall Street, stocks were evaluated by an underlying company's prospects. Buy-and-hold investing ruled the day. Investors such as Warren Buffett and Bill Miller were the models. Those fellows are a far cry from this generation's masters of the universe. Traders are in charge now. They rule the market." Weidner continued: "The buy-and-hold guys are still there, but lately they've been less successful than their hedge-fund … [Read more...] about Does Buy-and-Hold Investing Still Work?
Last Updated Jan 22, 2010 9:35 AM EST As 2009 showed us, no one has a clear crystal ball that tells us when to be in and out of the market. That's why it's important to understand that jumping in and out of the market is more likely to do harm than good, especially when you consider that some of the markets' biggest gains have come when they were least expected. The Largest Gains Often Come When Least ExpectedWhile there were some pundits who may have called the timing of the bear market correctly, I'm not aware of anyone who predicted that a great bull market would begin on March 10. And that shouldn't surprise anyone. Markets have often provided their greatest returns when least expected. Consider that from July 1932 through June 1933 (right in the midst of the Great Depression), the S&P 500 Index (then the S&P 90) returned 163 percent. Here are some other examples: Bad Market Good Market September 1929-June 1932 -83 July 1932-June 1933 +163 September 1933-March 1935 … [Read more...] about Lessons from 2009: Unexpected Bursts and Staying Invested
(MoneyWatch) A USA TODAY article earlier this week proclaimed stocks have gone nowhere in the past 13 years. The article stated: The S&P 500 hit a bull market high of 1527.46 in March 2000. It closed at 1518.20 Friday. The point: From a pure price perspective, the benchmark index has lost money over the past 13 years. That lousy performance discredits buy-and-hold investing, says Zimmermann (technical analyst at United-ICAP). AP gets market return wrong again Proof investors remain wary of stocks Financial media hypothesis Well, before you bury long-term buy and hold investing, let's look at some facts. Is it true that the S&P 500 index has gone nowhere since the turn of the century? It's absolutely true and completely misleading. The chart below shows the S&P 500 index compared to a buy and hold total stock market index fund. Though the S&P 500 index went nowhere, the index fund with dividends reinvested survived two 50 percent stock plunges and, as of last … [Read more...] about Buy and hold investing discredited?
A week after Britain's shocking vote to leave the European Union, markets seem to have pushed the pause button. After a two-day spree of near panic selling that wiped out an unprecedented $3 trillion from global markets, investors, analysts and pundits in the U.S. and abroad spent the week following the vote collectively revising their knee-jerk reactions to what has become known as the "Brexit" vote. Markets closed out the week just a hair below their pre-vote level, with the S&P 500 index rebounding from a 5.3 percent drop to finish just 10 points below where it started. A week after Britain's historic "leave" vote, what's the outlook for markets and the economy? Is the sky really falling, or are there opportunities, if not silver linings, for investors? Here are five ways markets are rethinking the impact of the unprecedented move by an EU member to begin unravelling the nearly 60-year-old project to bring peace and prosperity to Europe. 1. EUROPEAN FALLOUT The impact will vary … [Read more...] about 5 ways U.S. and global markets are rethinking Brexit
CNBC's Jim Cramer says that suitability, or the concept that certain stocks are right for some investors but wrong for others, can last investors a long time once they figure out what's right for them. But after college, during which the "Mad Money" host does not recommend investing or putting away money at all, "things get less and less suitable," he said. Once you are in the real world, it is critical to start saving, whether it is through an employer-provided 401(k) plan or a self-run Individual Retirement Account, Cramer said, adding that he prefers the latter because it lets you individually pick stocks. At this point, investors should start putting together the mix between index funds and individual stocks in their portfolios. "There's too much risk in individual stocks to just … [Read more...] about Cramer’s advice for investing in your 20s, 30s, 40s and beyond
Over the past 15 years Kentucky's state government has gradually invested millions of dollars in private industry through Commonwealth Seed Capital, a low-profile limited liability company, in an effort to support job-creating startup businesses.Since its inception in 2001, the company has received about $41.8 million in public funds, investing much of it in Kentucky-based companies developing innovative ideas in fields such as bioscience and advanced manufacturing.Investing in early-stage businesses often involves a high degree of risk, but it can pay off big – if a company's vision pans out.According to a brief 2016 annual report, the most recent available, CSC has invested in 47 startup companies and 18 Funds since 2001. CSC said about two-thirds of companies currently in its portfolio are increasing employment and generating revenue, but offered few specifics. A separate audited financial statement shows a net loss on investment income of more … [Read more...] about Kentucky’s effort to invest public money in private businesses flies under the radar
Bolstered by vows to improve the economic woes of St. Lucia, the island nation’s United Workers Party was victorious in last week’s elections, defeating the incumbent St. Lucia Labor Party and putting businessman and former Tourism Minister Allen Chastanet in office as prime minister. The United Workers Party win Monday — 11 government seats to Labor's six— removed Labor Party leader Kenny Anthony from the prime minister post, Reuters reported. Chastanet — who was sworn in Tuesday — has promised to reduce high unemployment rates and remove an unpopular sales tax instituted under the Anthony administration. Congratulations poured in for Chastanet and his party from groups such as the Organization of Eastern Caribbean States Commission, which was “heartened by the peaceful conduct of the elections and commends the electorate and the political parties for the restraint and high level of maturity which was manifested throughout … [Read more...] about CARIBBEAT: St. Lucia elects new prime minister who vows tax cuts and a healthier economic outlook for the nation