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Mervin Sealy from Hickory, North Carolina, takes part in a protest rally outside the Capitol Building in Washington, October 5, 2011. Demonstrators were demanding that Congress create jobs, not make budget cuts during the protest.

US annualized gross domestic product to decline by 10-40% in 2nd quarter, SocGen says

Current US market turmoil is expected to trigger the "deepest quarterly pullback" in US post-war history, according to Societe Generale.

Delta plunges after Warren Buffett’s Berkshire Hathaway slashes its stake

The famed investor's conglomerate sold $314 million worth of the airline's stock last week.

A hedge fund made a 40% gain by calling the coronavirus sell-off and shorting stocks

Dymon Asia Capital had a moment straight out of "The Big Short" when it spotted red flags in Google searches and Chinese data.
Warren Buffett

Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

The famed investor made the disposals after taking a $5 billion hit on airline stocks in the first quarter.

Billionaire investor Bill Ackman posted an 11% gain in March after turning $27 million into $2.6 billion with coronavirus bets

Ackman's Pershing Square hedge fund bounced back from losses in January and February.

Warren Buffett’s Berkshire Hathaway took a $5 billion hit on its airline stocks last quarter

Shares in American, Delta, United, and Southwest plunged by an average of 52% as coronavirus hammered demand.

George Soros’ cofounder warns coronavirus will cause the ‘worst bear market in my lifetime’

"I am looking at life, and life is not such that we are all going to take the bus and take boats again."

Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues

The billionaire investor is reportedly eyeing distressed travel, lodging, and entertainment businesses.

Billionaire bond king Jeffrey Gundlach says coronavirus-fuelled market sell-off will worsen in April

"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.