Business News
Warren Buffett’s Berkshire Hathaway sells some stake in Delta Air Lines
Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc .
Year: 2020
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Berkshire Hathaway sells part of Delta, Southwest airline stakes
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc . Berkshire is among the largest investors in the carrier. …read more […]
Business News
Fiat Chrysler postpones shareholders’ meeting and resolution on dividend to late June
Fiat Chrysler said on Friday it decided to postpone to late June its shareholders’ meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.
Business News
Big U.S. banks start accepting small business aid requests
Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation.
Business News
Exxon plays on virus worries in Baytown contract talks: union official
A union official said on Friday Exxon Mobil Corp is playing on economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery.
Business News
Kraft Heinz halts three plants but adds shifts for mac & cheese
Kraft Heinz Co has moved to halt production at three plants providing restaurant supplies but has added shifts at others to meet demand for packaged foods like macaroni and cheese amid the new coronavirus outbreak, its chief executive said on Friday.
Business News
Wall Street falls as coronavirus shreds U.S. payrolls
Wall Street’s main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
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Top unions call for closure of all Amazon warehouses — experts say it would be disastrous
A nationwide closure would be crushing for the company, crippling its distribution network amid a spike in demand for Amazon’s delivery service. …read more […]
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Oil Tanker Stocks: Is Now the Time to Invest?
Oil tanker stocks represent an important part of the shipping industry. They are also highly related to the energy industry due to the nature of their cargo. But does that mean you should invest in them?
Oil itself is a risky investment right now. Energy Expert David Fessler has recently explained why. Not only has the coronavirus affected the markets broadly, but the world is also dealing with a Russia-Saudi Arabia price war. That’s why he recommended getting out of oil right now.
On the other hand, my colleague Rob Otman has another take. He thinks a play on oil stocks that …read more […]
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Jobless rate will peak at 15 percent: Stifel Chief Economist
Stifel’s Chief Economist Lindsey Piegza joins Yahoo Finance Live to take a closer look into the March jobs report, the state of the U.S. economy, and what this all means for small business owners in light of coronavirus. …read more […]
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Feds Come to Rescue of Flyers With Hardball Mandate to U.S. Airlines on Refunds
U.S. airlines must refund passengers when they cancel flights due to the coronavirus pandemic, the federal government said Friday, a blow to at least two carriers that have been making it difficult for customers to recover their money. The pro-consumer move is consistent with the U.S. Department of Transportation’s usual policy, though there was some […] …read more […]
Business News
Richmond Fed’s Barkin: Employment numbers to get worse before getting better
U.S. employment numbers will get worse amid the ongoing coronavirus outbreak before getting better, Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News.
Business News
U.S. airlines face deadline to apply for federal payroll grants
U.S. passenger and cargo carriers and airport contractors faced a deadline of 5 p.m. EDT (2100 GMT) on Friday to tap the federal government for up to $32 billion in payroll grants to keep workers employed while they ride out the economic toll of the coronavirus on their business.
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The State of The Market – COVID 19: Is NOW the Time to Hold Gold?
The post The State of The Market – COVID 19: Is NOW the Time to Hold Gold? appeared first on Investment U. …read more […]
Business News
Wall Street falls as coronavirus cuts into U.S. payrolls
Wall Street’s main indexes fell on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, leaving little doubt that the economy is in a recession.