Author: CapitalGainsFund

May 3

These photos show thousands flocking to New York's parks over the weekend after Mayor de Blasio said that good weather 'is very much a threat to us'

People are seen on Sheep Meadow in Central Park during the coronavirus pandemic on May 2, 2020 in New York City. Noam Galai/Getty Images Warm spring weather caused thousands of people to rush to New York City’s parks this weekend, despite stay-at-home orders.  But most of them appeared to be observing social distancing rules in […]
May 3

Key Words: ‘We do not know exactly what happens when you voluntarily shut down a substantial portion of your society’ Buffett says

“ ‘We do not know exactly what happens when you voluntarily shut down a substantial portion of your society.’  ” That’s Warren Buffett, Chairman and CEO of Berkshire Hathaway, on Saturday offering his first public statements since the coronavirus pandemic ravaged the stock market and economy, putting a record number of people—some 30 million and counting—out of […]
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 […]