Market crash still two years away but a ‘nasty’ 10 percent correction in the offing, says strategist

Investors should be prepared for a “nasty” market correction in two months’ time as central banks appear set to stick with low interest rates for longer than expected, a former prominent Credit Suisse research head told CNBC on Monday. “I think...

Berkshire profit falls as underwriting loss offsets railroad gains

Warren Buffett’s Berkshire Hathaway on Friday reported a 15 percent drop in second-quarter profit, as lower investment gains and a loss from insurance underwriting offset improvement in its BNSF railroad business. Operating profit also fell short of analyst...

Shown the door, older workers find bias hard to prove

For more than four decades, manufacturing was the only work Donetta Raymond knew. Fresh from high school, she followed her father to the factory floor because, she said, “It was the best-paying job around.” Starting as a sheet metal mechanic, Ms. Raymond...