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Warren Buffet’s Berkshire Hathaway sells off airline stocks, airline industry hit hard by virus

April 6, 2020 admin Comments Off on Warren Buffet’s Berkshire Hathaway sells off airline stocks, airline industry hit hard by virus

Warren Buffet’s company Berkshire Hathaway sold off millions of dollars in shares from airline companies Delta Air Lines and Southwest Airlines, after the coronavirus pandemic slammed the airline industry. Yahoo Finance’s On The Move panel breaks down the latest. …read more […]

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Carnival Sells 8 Percent Stake to Saudis After Dire Financial Warning

April 6, 2020 admin Comments Off on Carnival Sells 8 Percent Stake to Saudis After Dire Financial Warning

Carnival Corp. stealthily filed its first quarter earnings on Friday, giving insight into a company on its knees as it faces an unprecedented crisis, and disclosing a long list of risk factors to its business going forward. The world’s largest cruise company — which has found itself at the epicenter of the Covid-19 crisis with […] …read more […]

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Jamie Dimon’s letter to shareholders: ‘We assume that it will include a bad recession’

April 6, 2020 admin Comments Off on Jamie Dimon’s letter to shareholders: ‘We assume that it will include a bad recession’

JPMorgan Chase CEO Jamie Dimon says “there should have been a pandemic playbook” to tackle the COVID-19 crisis, and explains that the lack of preparation is part of a larger set of problems the country is facing. Yahoo Finance’s Julia La Roche joins the On The Move panel to discuss. …read more […]

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Business News

Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids – CEO

April 6, 2020 admin Comments Off on Exclusive: Qatar Petroleum not scaling down LNG expansion despite delay in bids – CEO

Qatar Petroleum will postpone the start of production from its new gas facilities to 2025 due to a delay in the bidding process, but is not downsizing the world’s largest liquefied natural gas project despite concerns of a mounting glut, its chief executive told Reuters.

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Wayfair Surges Most Ever Amid Online Furniture Spending Spree

April 6, 2020 admin Comments Off on Wayfair Surges Most Ever Amid Online Furniture Spending Spree

(Bloomberg) — Wayfair Inc. soared as much as 51% after the online home-goods retailer said first-quarter net revenue growth would at least meet its forecast and that the sharp sales increase at the end of March has continued into April.The shares posted their biggest intraday jump ever Monday, climbing as high as $76.47.In a business update, the company said the gross revenue growth rate more than doubled toward the end of last month, and that demand has been seen across most home goods categories in all of its markets. The outlook gave it some breathing room after Wayfair said just …read more […]

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Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants

April 6, 2020 admin Comments Off on Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants

RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.S. Treasury for government assistance. “We took these actions to ensure our airline has a future, and to give us time to ‘hit pause'” while it seeks Treasury grants and “other sources of financial assistance that will allow us to weather the coronavirus pandemic and emerge successfully once it has passed.” In a letter posted Sunday, RavnAir Chief Executive Dave Pflieger said the airline was working to “resume the vital air service …read more […]