Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist.  “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
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A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year ago, as production disruptions weighed on its results.  The company also said that it has secured a $1.5 billion
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Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said the drugmaker will invest more than $437 million in a
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How do you pour a beer? Turns out this popular pouring method — that results in little to no foam — is completely wrong. And can actually cause stomach issues! Max Bakker, a Master Cicerone (think a sommelier for beer) and High-End Educator at Anheuser-Busch InBev shows the correct technique. ————————————————– Follow BI Video on
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The coronavirus pandemic has overturned most aspects of daily life, not least the way we work. For many, that has brought with it a period of great uncertainty and possible job insecurity. But for aspiring entrepreneurs, it has also created a window of opportunity, according to the author of bestselling business book The Lean Startup.
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Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
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The FT’s Guy Chazan explains how mass testing has managed to stem the death toll in one of Europe’s most heavily populated nations. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to suggest videos. ►
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Fake videos and audio keep getting better, faster and easier to make, increasing the mind-blowing technology’s potential for harm if put in the wrong hands. Bloomberg QuickTake explains how good deep fakes have gotten in the last few months, and what’s being done to counter them. Video by Henry Baker, Christian Capestany
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Elon Musk, CEO of Tesla and SpaceX. Peter Parks | AFP | Getty Images Elon Musk is having issues with conference calls lately. Thursday afternoon, the SpaceX CEO unexpectedly spoke up during a NASA conference call on Thursday, after the agency’s Administrator Jim Bridenstine was asked about Musk’s recent comments on the coronavirus pandemic. On Wednesday
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Warren Buffett Gerry Miller | CNBC Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.  “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American
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Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday.  That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies but is facing pressure from the Covid-19 pandemic.  
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Donated food and supplies from TSA workers for airport workers who are on reduced hours and/or paychecks, April 30, 2020. Source: TSA The steep decline in air travel caused by the Covid-19 pandemic has triggered layoffs, furloughs and shortened work hours for airport employees and contract workers ranging from wheelchair attendants and baggage handlers to
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Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price.  “We have not done anything, because we don’t see anything that attractive to
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