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It’s no surprise that airline stocks have been among the hardest hit names as a result of the coronavirus pandemic. It’s hard for them to make money when no one is flying. American Airlines’ (NASDAQ:AAL) stock has shed over 60% since mid-February. Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A,BRK.B) has been hammered by its exposure to airline
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Steven Mnuchin, U.S. Treasury secretary, right, speaks beside U.S. President Donald Trump during a Coronavirus Task Force news conference in the briefing room of the White House in Washington, D.C., U.S., on Tuesday, March 17, 2020. Kevin Dietsch | Bloomberg | Getty Images Banks are scrambling to process a growing backlog of applications for the
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CNBC’s Jim Cramer said Wednesday that he and hedge fund billionaire David Tepper are not sure why the stock market has rallied in recent days while the coronavirus pandemic continues to upend daily life in the U.S. “I spoke to Dave Tepper yesterday and we were both kind of marveling, ‘Jeez it’s been bullish. Why?'” Cramer recalled on “Squawk on
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Carson Block Anjali Sundaram | CNBC Carson Block’s Muddy Waters Research announced Wednesday it has taken a short position in eHealth Inc., which owns a digital health insurance exchange.  Block, the firm’s founder, disclosed the position on CNBC’s “Squawk Box.“ Muddy Waters argues eHealth, with a stock market value of $3 billion as of Tuesday’s close,
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Take a look at some of the biggest movers in the premarket: Dick’s Sporting Goods (DKS) – The sporting goods retailer will furlough an unspecified number of workers starting April 12. It will pay workers until April 11, and provide health benefits throughout the furlough. A similar announcement comes this morning from Party City (PRTY),
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A pronounced economic slump sparked by the coronavirus outbreak has imperiled a popular investment strategy: buying dividend stocks. These stocks have traditionally been highly coveted during periods of market turbulence because they provide shareholders a dividend or a guaranteed return, typically paid out annually out of the company’s profits or reserves. That investment approach is
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