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STOCKS NEWS 24 – Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in the four largest US airlines. Speaking at the annual shareholders’ meeting, Mr Buffett said “the world has changed” because of the coronavirus. He then said he had been wrong to invest in the airline industry. […]

COVID 19’s Impact on #Economy & Life Style#    

STOCKS NEWS 24 – HSBC on Tuesday said first quarter pre-tax profits almost halved as the banking giant was battered by the global coronavirus pandemic while it embarked on a major restructuring. The lender reported pre-tax profits of $3.2 billion, down 48 per cent from the same period in 2019, citing credit losses from clients

STOCKS NEWS 24 – Oil prices jumped in the afternoon of Asian trading hours on Wednesday following a report that showed a smaller than expected crude inventory build stateside. West Texas Intermediate for June delivery surged 14.75% to $14.16 per barrel. International benchmark Brent crude futures also added 4.5% to $21.38 per barrel. The moves came after data from

STOCKS NEWS 24 – After a strong run last year, the profitability of Singapore banks is expected to fall sharply in 2020. That’s due to the coronavirus pandemic, as well as a crash in oil prices that brought down some of the major energy traders in the Asian financial center. A glimpse of that earnings hit

STOCKS NEWS 24 – Stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight. Futures on the Dow Jones Industrial Average implied an opening gain of 250 points. S&P 500 and Nasdaq futures also pointed

Stocks News : In a period fraught with tensions with the U.S., China is trying to show it’s being serious about tackling fraud. Nasdaq-listed Luckin Coffee said Monday it was cooperating with regulators, following reports of government investigation into the company over recently disclosed financial fraud. The rare crackdown comes after an update to China’s securities law took effect in March. A

Stocks News : Oil prices fell almost 20% during early morning deals on Tuesday, extending Monday’s nearly 25% decline amid intensifying fears about dwindling storage capacity worldwide. At around 10:00 a.m. London time, West Texas Intermediate, the U.S. benchmark, slipped over 19%, or $2.5, to trade at $10.22 per barrel, while international benchmark Brent crude traded 4.5% lower

Stocks News : U.S. stock futures were higher on Tuesday, as oil prices continued to fall after plunging in the previous session. Dow futures implied a positive open of more than 200 points. S&P 500 and Nasdaq futures both pointed to gains at the open as well. The moves came as oil prices continued to

Stocks News: Countries like Australia, New Zealand and South Korea are among the few which managed to buck the trend and put a lid on the coronavirus outbreak, at least for now. Their success has boosted investor confidence and it’s showing in the strength of their currencies. With their economies re-opening again, their currencies have significantly jumped from earlier this

STOCKS NEWS 24 – Dr. Deborah Birx’s balancing act between science and President Donald Trump’s disinformation may be reaching the point of no return. The coronavirus task force official has been caught in an unenviable spot, juggling her public health mission and reputation with the need to stay in the good graces of Trump, who has shown both

STOCKS NEWS 24 – The first world leader known to have had coronavirus is now leading his nation’s response to it, and in a speech outside 10 Downing Street, the British Prime Minister had a clear message: Don’t give up on the lockdown yet. In his first remarks after returning to work Monday, Johnson acknowledged