By Michael Foster
Markets have freaked out over the coronavirusaEUR"but thereaEURtms good reason to believe they have overreactedaEUR"I gave you a few of these reasons in my March 19 article.
Warren Buffett's holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has been able to produce jaw-dropping gains for its shareholders over the years by adhering to three basic principles:
General Electric Co's aviation unit plans to cut its total U.S. workforce by about 10%, Chief Executive Officer Larry Culp said on Monday, as airlines delay purchases amid the coronavirus pandemic. Culp also said he would forgo his salary for the rest of 2020.
The British pound weakened on Monday as investors rushed to buy the U.S. dollar amid the coronavirus pandemic, although new steps taken by the U.S. Federal Reserve to combat the impact of the crisis limited sterling's drop.
Social distancing efforts are lifting Hasbro's (NASDAQ: HAS) business. CEO Brian Goldner said in an interview with CNBC on Monday that consumers in many markets are snapping up its products as families look for ways to stay entertained at home.
(RTTNews) - Invacare Corp.(IVC), a manufacturer and distributor in its markets for medical equipment used in non-acute care settings, said it has suspended its fiscal 2020 guidance, citing uncertainty and variability of business operations in light of COVID-19.
(RTTNews) - Hoth Therapeutics, Inc. (HOTH) has reached an agreement with Voltron Therapeutics, Inc. to form a joint venture, to be named HaloVax, to commence preclinical studies for the development of vaccine prospects to prevent COVID-19. The studies are based upon VaxCelerate,
Cloud service provider Box Inc said on Monday it would appoint three new directors to its board as part of an agreement with activist investor Starboard Value LP.
The U.S. dollar fell back towards the day's lows against its rivals on Monday after the Federal Reserve said it would begin backstopping a wider range of credit, a move that fuelled a rally in risky currencies including the Australian dollar.
Millions of Americans are struggling financially as the COVID-19 outbreak continues to rip the U.S. economy apart. Small businesses are suffering in particular, with many having to lay off employees in conjunction with shutting down.
It's a sensitive time on the stock market these days with the coronavirus sending investors into a panic. That's bad news, especially for the cannabis industry where stocks are cratering to all-time lows. Many investments are down 60% or more. Exchange-traded funds (ETFs) are no
Swedbank's ability to pay the proposed dividend for 2019 will not be affected by the 4 billion Swedish crown ($383.17 million)sanction fee imposed by the Swedish financial watchdog, Swedbank's chairman said on Monday.
(RTTNews) - Ossen Innovation Co., Ltd. (OSN) reported preliminary net income attributable to Ossen for the full year 2019 to be $10.9 million, compared to $10.4 million, a year ago. Preliminary revenues are expected to be $138.9 million, compared to $136.1 million, last year.
The British pound weakened on Monday, heading back towards the 35-year lows hit last week as investors rushed to buy the U.S. dollar amid another round of panic about the economic hit from the coronavirus crisis.
The Swiss National Bank hiked its foreign currency interventions to their highest level since the Brexit referendum in 2016, data on Monday indicated, showing the central bank's determination to counter the Swiss franc's coronavirus-driven rise.
Keeping financial markets open is vital for the economy to function properly during the coronavirus epidemic, Steven Maijoor, chair of the European Union's markets watchdog, said on Monday.
Reuters
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22 minutes 37 seconds ago
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