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Business News

Southwest CEO says mechanics deserve new contract, but company wants ‘flexibility’

Southwest Airlines Co’s mechanics, who have been in labor contract talks for more than six years, deserve a new deal that makes them among the best paid in the airline industry, but the low-cost U.S. carrier needs “more supplier flexibility” in return, the company’s chief executive said.

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Business News

Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter

Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy.

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Trading Ideas

Africa’s Astonishing Growth and Unstoppable Bull Market

Mention developing economies… and China and India likely come to mind. It’s true both countries are growing fast. But China is nearly a developed nation, and India isn’t too far behind.

To find the fastest-growing economies, you’d have to travel to Africa.

More than a dozen of the fastest-growing economies in the world are located in Africa. Chief among them is Ethiopia. The East African nation has seen an incredible 10% average annual gross domestic product (GDP) growth in the past decade.

It’s not just Ethiopia that’s booming either…

Senegal’s GDP is growing at 7%, the Ivory Coast’s is growing at 8% and the …read more […]