Month: February 2020

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It’s another busy week ahead. The continued spread of the coronavirus and last week’s dire PMI numbers out of the U.S could get things off to a bad start… …read more […]

The technology index’s closing price reversal top and its subsequent confirmation led to a shift in momentum to the downside. This means were likely to see a further break into the retracement zone at 9344.25 to 9245.50. …read more […]

In his annual letter to Berkshire shareholders, Buffett defended Berkshire’s foray into stocks, which comes amid a four-year drought since its last major acquisition that has left Berkshire sitting on $128 billion of cash. Berkshire did step up repurchases of its own stock, buying back roughly $2.2 billion in the quarter. “I am delighted with the increased commitment to share repurchases,” said Thomas Russo, a partner at Gardner, Russo & Gardner, which invests $13 billion, of which 13% is in Berkshire. …read more […]

(Bloomberg) — Global economists are continuing to grapple with a new and unexpected threat to economic growth, leaving them scrambling to assess how quickly commerce can recover from the impact of the coronavirus.Research by Bloomberg Economics shows China is slowly getting back to work, with the economy running at 50%-60% capacity in the week to Feb. 21 and forecast to jump from Feb. 24. Still, the spread of the virus is starting to ripple into supply chains across the world, and showing up in data across Asia and Europe.In more conventional economic matters, policy makers from the U.K., Canada, Europe …read more […]

(Bloomberg Opinion) — Investors looking for an angle on the coronavirus crisis have naturally landed upon the online education sector in the hopes that tens of millions of quarantined school kids will turn such providers into profit-making machines on par with China’s hottest internet companies.Almost every mainland province and city has pushed back the starting date of the spring term by weeks. Most students haven’t seen the inside of a classroom since Lunar New Year in late January. Not wanting to be left behind, students, their schools and parents have turned to online alternatives, including options not offered by traditional …read more […]

Boeing found debris in the fuel tanks of about 35 aircraft, a company spokesman confirmed on Friday. A person familiar with the matter told Reuters that more than 50% of the undelivered 737 MAX jets inspected thus far have had debris found in them. …read more […]

(Bloomberg) — The U.S. raised its travel warning to Japan as Iran, Italy and South Korea all reported additional deaths from the coronavirus.The spread of the virus outside its origin in China stoked fear that the window to prevent a pandemic may be closing. The World Health Organization, which has a team traveling to the epicenter in Wuhan, said the situation in Iran is “very worrisome” because of the lack of a direct link to China.Cases in northern Italy climbed to 51. Passengers from the Diamond Princess cruise ship returned to the U.K.South Korea reported 229 new cases and Yonhap …read more […]

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to Berkshire shareholders to assure they should not worry about the future of the company, which is “100% prepared” for when he and 96-year-old Vice Chairman Charlie Munger are no longer around. “I do think it’s on the right path,” said James Armstrong, president of Henry H. Armstrong Associates in Pittsburgh, which invests …read more […]

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Debris has been found in the fuel tanks of 70% of grounded Boeing 737 Max jets that have been inspected by the company, Boeing confirmed on Saturday. Inspectors found the debris in 35 out of about 50 jets that were inspected. Boeing temporarily halted production last month because the planes were grounded after crashes in Indonesia and Ethiopia that killed 346 people. …read more […]

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