Theron Mohamed

Li Lu, hailed by Charlie Munger as the "Chinese Warren Buffett," praised the late investor for taking a moral approach to making money.

A record 8.54 million Chinese borrowers are blacklisted for not paying their debts, the FT reported.

Buffett-backed Occidental is reportedly among the top bidders for CrownRock, raising the prospect it may turn to Berkshire Hathaway for funding again.

Mark Zuckerberg sold about $190 million worth of Meta Platforms stock in November, SEC filings show. Meta shares have surged by 166% this year, virtually erasing losses in 2022.

JPMorgan's Jason Hunter sees the S&P 500 slumping to around 3,500 points by next summer, and says the "odds are stacked in favor of a hard landing."

The S&P 500 is likely to tumble 23% to 3,500 points by mid-2024, JPMorgan's charts guru says. Jason Hunter, the bank's head of technical strategy, views a US recession as very likely.

Charlie Munger bemoaned not investing in Amazon early, and wished he bet bigger on Apple. Warren Buffett's late sidekick, who passed on Tesla, said Elon Musk is talented but takes big risks.

Apple's stock price has surged by almost 50% this year to near-record highs, boosting the value of Berkshire Hathaway's stake to eye-watering levels.

Morgan Stanley's stocks chief issued a wary outlook for stocks in 2024. Mike Wilson cited the market's reliance on the "Magnificent Seven," which face challenges next year.

Big Tech stocks face tough comparisons and muted earnings growth next year, and the Fed may limit rate cuts if recession doesn't hit, Mike Wilson said.