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‘Very disappointed’ over loss of visitors for Berkshire Hathaway meeting that will cost Nebraska millions: Gov. Pete Ricketts

If fans of Warren Buffett are miffed about a Woodstock of Capitalism they can’t attend in person, they can rest assured that Nebraska Governor Pete Ricketts isn’t thrilled either about the blow to the state’s tourist activity. …read more […]

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Buffett's Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

A year earlier, net earnings totaled $21.66 billion, or $13,209 per share. Quarterly operating profit, which Buffett considers a better performance measure, rose 6% to $5.87 billion, or about $3,624 per Class A share $5.56 billion, or about $3,388 per share. An accounting rule requires Berkshire to report unrealized stock losses and gains with earnings. …read more […]

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Tesla tumbles after Musk tweets stock too high

“Tesla stock price is too high,” Musk said on Twitter in one of several unusual messages, including ones quoting parts of the U.S. national anthem and that he would sell almost all his physical possessions. More than two hours after the tweets began, Tesla had not responded to requests for comment. Twitter declined to comment. …read more […]

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An $85 Billion Airline Rescue May Only Prolong the Pain

(Bloomberg) — Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up — 20,000 were announced in Europe this past week — a debate is raging over whether opening the spigot will do more than merely delay the inevitable.Some 80% of flight capacity remains idled, while a rebound in China has stalled, leading the International Air Transport Association to suggest the recovery will be a tortuous one. Given the financial impact and safety measures likely to be required, it could be …read more […]

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5-1-20

First quarter GDP took a hit, and it’s likely second quarter GDP will as well.
But, as Alexander Green explains, the market is already looking ahead to the third and fourth quarters. Here’s what investors understand that the experts don’t.

The post 5-1-20 appeared first on Investment U. …read more […]

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How Boeing went from appealing for government aid to snubbing it

In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The upsized deal, this year’s largest investment-grade bond issue and the sixth largest on record, surpassed Boeing’s expectations. It underscores how the Chicago-based company capitalized on U.S. government support, even without having to accept taxpayer money as aid. …read more […]

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How Boeing went from appealing for government aid to snubbing it

In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it. The upsized deal, this year’s largest investment-grade bond issue and the sixth largest on record, surpassed Boeing’s expectations. It underscores how the Chicago-based company capitalized on U.S. government support, even without having to accept taxpayer money as aid. …read more […]