In his 2018 shareholder letter, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett candidly announced why he and his investment team have been reluctant to put the company's record $128 billion in cash to work. Said Buffett:
Seniors who are eligible for Social Security can claim benefits as early as age 62, or as late as age 70. In fact, 70 technically isn't the cutoff for claiming benefits -- you can file after age 70 if you so choose, but there's no financial incentive to go that route.
(RTTNews) - European stocks sank to their lowest in almost four years on Thursday after
U.S. President Donald Trump banned travel from most of Europe to the United States for 30 days, intensifying investor fears about the economic fallout from the coronavirus.
Warren Buffett famously said when others are fearful it's time to get greedy. The COVID-19 coronavirus has sparked a wave of selling through the airline industry, with investors terrified today's industry leaders will soon go the way of Pan Am, Braniff, or TWA.
Two Republican senators on Thursday introduced a bill aimed at banning federal employees from using Chinese social media app TikTok on their government-issued phones, amid growing national security concerns around the collection and sharing of data on U.S. users with China's government.
Climate change commitments by banks, pension funds and asset managers face their first major test as markets reel from the twin shocks of coronavirus and a sliding oil price. The challenge looks formidable.
Gold prices rose on Thursday as investors shunned risky assets after the United States announced a travel ban from virus-hit Europe, exacerbating fears of a global economic downturn.
Sales at WH Smith's stores in British airports have slumped by 35% as the coronavirus outbreak curbs travel, potentially denting its profit by up to 40 million pounds ($51 million) this year, the British retailer said.
Safe-haven currencies were in demand on Thursday with the Japanese yen and the Swiss franc leading gains against the struggling dollar after U.S. President Donald Trump banned travel from Europe to stem the coronavirus.
Construction company Galliford Try overstated its net assets by 94 million pounds ($120 million) in 2018 and its accounts have been restated, Britain's audit watchdog said on Thursday.
Real estate adviser Savills Plc reported a 5.7% rise in full-year profit, helped by strong growth in its property management and consultation businesses.
China's Anbang Insurance Group Co Ltd, fresh from two years of government-led restructuring, has sold a 35% stake in Chengdu Rural Commercial Bank Co Ltd once valued at over $2 billion in its latest divestiture.
Yields on most Japanese government bonds (JGB) gained on Thursday, in line with U.S. Treasuries overnight, despite steep losses in stocks after the United States suspended travel from virus-hit Europe and the WHO declared the virus a pandemic.
(RTTNews) - Savills plc. (SVS.L), a real estate advisor, reported Thursday that its fiscal 2019 profit before tax increased 6 percent to 115.6 million pounds from last year's 109.4 million pounds.
In the sun-baked scrubland of northern Colombia's remote La Guajira province, a bitter quarrel rages between two neighboring Wayuu indigenous families, one of them seeking refuge from a humanitarian crisis across the border in Venezuela.
Reuters
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29 minutes 33 seconds ago
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