Author: CapitalGainsFund

May 3

Key Words: Buffett says he dumped entire stake in airline-sector stocks: ‘I just decided that I’d made a mistake…The world changed for airlines’ amid coronavirus

Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking on Saturday in Omaha, Neb., at Berkshire’s annual shareholder meeting, which was held virtually due to […]
May 2

Market Snapshot: Dow closes 600 points lower to wipe out weekly gains after Trump threatens China tariffs, earnings disappoint

Stocks closed sharply lower Friday in an ugly start to the month of May as investors showed disappointment with earnings from big tech companies and with President Donald Trump’s threat to impose import tariffs on China in retaliation for its handling of the COVID-19 pandemic. How did the major indexes fare? The Dow Jones Industrial […]
May 2

Key Words: ‘Don’t be fooled!’ A 40% drop could hit by next year after this bear-market rally fades, veteran economist warns

“ ‘Don’t be fooled by the recent rebound in stocks; the investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression.’ ” That’s A. Gary Shilling, longtime economist and president of A. Gary Shilling & Co., delivering his gloomy take in a recent op-ed published on Bloomberg News. “This […]