Home Tags Markets
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.
Declines across the energy, consumer discretionary, and industrial sectors will most-significantly weigh on the broad index, Goldman said.
The US is not headed for a depression and it makes sense to buy stocks at current prices, according to the chief strategist of JPMorgan’s $2 tri...
David Kelly says the market may dip further from here, but for long-term investors, stocks could offer good value even if you are pessimistic about the economy.
‘A taste of things to come’: Italian services activity plunges to 11-year low as national lockdown weighs
The survey results indicate an "extremely challenging time for the Italian economy."
‘The Big Short again’: A hedge fund boss and Warren Buffett disciple posted a 40% gain during the market meltdown
"The crash was coming with or without the coronavirus pandemic."
"We hit 3M hard today after seeing what they were doing with their Masks."
Bank of America slashes its S&P 500 price target by 16% to the lowest on Wall Street, cites ‘deepest post-war recession’ on record
Still, "panic selling is a recipe for losing money: the best days typically follow the worst days," said Savita Subramanian of Bank of America.
The Fed is powerless to stop the market’s riskiest debt from getting downgraded and defaulting, Goldman says
The bank's baseline scenario sees the 12-month trailing default rate jumping to 13% through 2020 and $555 billion in bonds downgraded to junk status.
The banking titan warned that policymakers may not be going far enough in their efforts to stimulate growth.
Largely indiscriminate selling through March leaves firms with "still-solid fundamentals" poised for major gains in a bullish rally, the bank said.