United Airlines will cut approximately 30% of its management in October of 2020 due to the global spread of the coronavirus. United Airlines Chief Communications Officer Josh Earnest joins Yahoo Finance’s On The Move to discuss the company’s response to the pandemic, lagging demand for air travel, and the future of the airline industry. …read more […]
Burger King is trialling an app for ordering food and booking a table at its outlets in Italy, as it seeks to persuade locals it is safe to eat out again after more than two months of coronavirus lockdown.
Drugstore chain Walgreens Boots Alliance Inc said it would resume standard operating hours at most of its stores across the United States, beginning Tuesday.
The coronavirus crisis is putting new pressure on big pharma to contain price inflation related to potential treatments and vaccines. …read more […]
We have been telling our readers not to invest in the S&P 500 ETFs and instead invest in the top 5, top 10, or top 20 hedge fund stocks because these large-cap stocks historically outperformed index funds. Warren Buffett doesn’t like hedge funds because of their high fees and recommends index funds. However, investors don’t […] …read more […]
Chicago Federal Reserve President Charles Evans said on Tuesday it’s “reasonable” to expect the U.S. economy to return to growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a shrinking import bill, suggesting the novel coronavirus outbreak was upending the global flow of goods and services.
Lufthansa shareholders on Tuesday agreed to not distribute 298 million euros ($323 million) in retained profits as a dividend for 2019, as the airline enters the final stretch of negotiations for a 10 billion euro bailout.
A gauge of global stock markets snapped a three-day losing streak on Tuesday as moves to ease major economies out of their coronavirus lockdowns lifted the outlook for growth and helped give international oil prices a sixth day of strong gains.
The union that represents U.S. hourly workers at Detroit automakers gave its tacit approval on Tuesday for the companies to restart production amid the coronavirus pandemic, after Fiat Chrysler said it expected to reopen its North American plants on May 18. The United Auto Workers union has been negotiating with Fiat Chrysler Automobiles NV (FCA) , General Motors Co and Ford Motor Co over how and when to safely restart U.S. production after widespread lockdowns aimed at curbing the spread of the novel coronavirus. …read more […]
We have been telling our readers not to invest in the S&P 500 ETFs and instead invest in the top 5, top 10, or top 20 hedge fund stocks because these large-cap stocks historically outperformed index funds. Warren Buffett doesn’t like hedge funds because of their high fees and recommends index funds. However, investors don’t […] …read more […]
Another insightful Berkshire Hathaway shareholders meeting has come and gone. And we got an answer to one big question. Why did Warren Buffett sell airline stocks? Berkshire sold its stake in the top four U.S. airlines.
That included the sale of Delta Air Lines (NYSE: DAL), American Airlines (Nasdaq: AAL), Southwest Airlines (NYSE: LUV) and United Airlines (Nasdaq: UAL). Beforehand, Warren Buffett’s company owned roughly 10% in all four airline stocks. So this was a big portfolio move.
Before we jump into why this happened, it might be good to review some of Warren Buffett’s timeless wisdom from over the years. You …read more […]
Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it’s “reasonable” to expect a return to economic growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views.
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