Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak. Several have grounded many flights and ditched their financial outlooks.
The mayor of Omaha, Nebraska said on Wednesday that Warren Buffett would prefer to wait until one month before Berkshire Hathaway Inc’s annual shareholder weekend to decide whether to change its plans because of the coronavirus outbreak.
The World Health Organization on Wednesday formally declared the coronavirus a worldwide pandemic, as the pathogen continues its inexorable spread. …read more […]
Saudi Arabia has asked state agencies to submit proposals for cuts of at least 20% to their budgets in a fresh austerity drive to cope with a sharp drop in oil prices, four sources familiar with the matter said.
Lenore Hawkins – Tematica Chief Macro Strategist is quarantined in Italy and describes the surreal scene to Yahoo Finance’s On the Move. Empty streets and shuttered windows is the norm as the entire country is on lockdown, reporting over 10k coronavirus cases. …read more […]
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]
Is Tesla Inc. (NASDAQ:TSLA) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have […] …read more […]
California Attorney General Xavier Becerra’s office will not appeal a court’s decision that a merger of wireless carriers Sprint and T-Mobile can go forward, his office said on Monday.
The Trump administration is “looking at” investments in Chinese military companies by the California Public Employees’ Retirement System (CalPERS), U.S. National Security Adviser Robert O’Brien said on Wednesday.
Warren Buffett sat down with Yahoo Finance Editor-in-Chief Andy Serwer to discuss the market volatility, saying “If you have to be open second by second, they react to news in a big time way”. Yahoo Finance’s On the Move panel discusses. …read more […]
U.S. consumer prices unexpectedly rose in February but could drop in the months ahead as the coronavirus outbreak depresses demand for some goods and services, outweighing price increases related to shortages caused by disruptions to the supply chain.
Boeing Co is planning to draw down the rest of a $13.8 billion loan it agreed last month, a source told Reuters on Wednesday, as the coronavirus outbreak adds to pressure on the U.S. plane-maker due to the grounding of its 737 MAX jets.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term bonds. Investors who agreed with […] …read more […]
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (this article). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […] …read more […]
Top fund manager BlackRock Inc said on Wednesday it cast an advisory vote against the pay of executives at chipmaker Qualcomm Inc, , and against a compensation committee member, citing a concern that a one-time stock award was “not aligned” with shareholder interests.
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