Buffett says Berkshire can handle $400 billion mega-catastrophe

Warren Buffett says: Bring it on. In his annual letter to shareholders of Berkshire Hathaway Inc , Buffett said "no company comes close" to his conglomerate in its ability to financially withstand even a mega-catastrophe that causes $400 billion of insurance losses. Buffett said the odds of such a catastrophe in any year is just 2 percent, but that Berkshire would lose only about $12 billion, a sum more than offset by annual profits from its non-insurance businesses.

Democrats’ Memo Released Countering GOP Account of Russia Probe

The House Intelligence Committee released a rebuttal by House Democrats to a Republican memo alleging bias and misconduct by the FBI and Justice Department early in their investigation of Russian election ...

Berkshire boosts liability estimate on AIG reinsurance contract

In its annual report, Berkshire said the increase, to $18.2 billion, was made in the fourth quarter, and was based on higher-than-expected loss payments reported by AIG. Berkshire also boosted a related deferred charge asset by $1.7 billion, and estimated its year-end net liability under the contract was $10.7 billion. The January 2017 contract called for Berkshire's National Indemnity Co to take on many of the long-term risks in AIG's property and casualty portfolio, sometimes known as "long-tail" exposure, in exchange for $10.2 billion upfront.

Congress releases redacted, declassified Democratic memo

A redacted, declassified memo released by Democrats on the House intelligence committee Saturday aims to counter a narrative that Republicans on the committee have pushed for months — that the FBI and ...

White House report critical of fuel tax, questions if truckers are paying enough

You probably shouldn't buy the 2017 Lexus RX 350 F Sport

CNBC reviews the 2017 Lexus RX 350 F Sport.

These 3 Dividend Stocks Offer Shares at a Discount

Find out how a dividend reinvestment plan can help you.