Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
If you own shares in New Residential Investment Corp. (NYSE:NRZ) then it’s worth thinking about how it contributes to… …read more […]
As the world grapples with the coronavirus outbreak, legendary investor Warren Buffett warns that fear could become an investor’s biggest obstacle. …read more […]
Yahoo Finance’s Editor-In-Chief Andy Serwer was on the ground at the Berkshire Hathaway 2020 Shareholders Meeting, and now he answers viewers’ questions about Warren Buffett. …read more […]
Shareholders might have noticed that Public Storage (NYSE:PSA) filed its first-quarter result this time last week. The… …read more […]
(Bloomberg) — The U.S. central bank expects to begin purchasing shares of eligible exchange-traded funds as part of its emergency lending programs in early May, according to the Federal Reserve Bank of New York.Lending through the Fed’s so-called secondary market corporate credit facility and primary market corporate credit facility via purchases of corporate bonds will begin soon thereafter, the New York Fed announced Monday on its website.“Additional details on timing will be made available as those dates approach,” it said.The credit facilities are backed by the more than $2 trillion economic relief package passed by Congress in March, to help …read more […]
Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry.
Czech carmaker Skoda Auto, part of the Volkswagen Group , reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit from the coronavirus outbreak would come in the second quarter.
If ever an example was needed of the old axiom “buy the rumor, sell the news,” then Gilead Sciences (GILD) could be used as its poster boy.Following a surge which saw the healthcare giant’s share price appreciate by 30% in 2020, the stock was sold off in Friday’s session, dropping nearly 4% following the release of the company’s earnings results. The sell off was triggered by a slew of downgrades from the Street.So, was Gilead’s Q1 earnings that bad? Nope, the company posted beats on both top and bottom line. Revenue of $5.55 billion indicated a 5.1% year-over-year increase and …read more […]
U.S. stocks opened lower on Monday following growing U.S.-China tensions about the origins of the coronavirus outbreak, while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.
Tyson Foods Inc expects to continue idling meat plants and slowing production because of the new coronavirus, the company said on Monday, signaling more disruptions to the U.S. food supply.
Shares in Avis Budget Group (CAR) dropped 7% in pre-market U.S. trading after the rental car company announced plans to raise $400 million in debt in a private offering.The stock plunged 7% to $12.94 in pre-market U.S. trading on Monday.Avis Budget Group said its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., will offer $400 million in aggregate principal amount of senior secured notes due 2025 in a private sale.The notes will be guaranteed by Avis Budget Group and certain of its U.S. subsidiaries, the company said. It intends to use the net proceeds from the …read more […]
U.S. stocks were set to fall on Monday as a U.S.-Chinese spat about the origins of the coronavirus outbreak worsened while billionaire Warren Buffett’s admission he had dumped his airline shares crushed major U.S. carriers.
Operating profit at Czech carmaker Skoda Auto, part of the Volkswagen Group , fell 25% in the first quarter to 307 million euros as the new coronavirus outbreak started to bite, the company said on Monday.
Luxury sports car maker Ferrari cut its 2020 core profit forecast on Monday due to disruption caused by the coronavirus pandemic, which it said would mainly hit second quarter results.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
