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 […]
A bomb threat was made against a China Airlines cargo flight – AFP The Anchorage airport, Alaska’s largest, temporarily shut on Saturday to inbound traffic because of a bomb threat against a China Airlines cargo flight bound for Asia. The cargo plane diverted to Ted Stevens Anchorage International Airport early in the morning after leaving […]
Hi Catey, I’m 65 and my wife is 61. I’m working and plan to retire at 71. My question is should my wife take her Social Security benefits next year and then get 50% of mine added to hers when I retire? Or wait? She makes about $50,000 and I make 8x that amount. Thanks. […]
Dear Catey, I currently have about $315,000 in retirement savings and am 38 years old. I have about $30,000 in consumer debt (this is the only debt we carry, no car payment or mortgage) — about $24,000 of which is an unsecured loan that I’m paying about 10% interest on; the rest is on credit […]
An altercation over coronavirus tests broke out between federal immigration detainees and officers at a detention center in Massachusetts, ending with three detainees sent to a hospital and $25,000 in damage to the center, authorities said. The incident Friday at the C. Carlos Carreiro Immigration Detention Center in Bristol County also sparked calls for an […]
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 […]
How much worse can it get? More than 30 million Americans—about one-sixth of the U.S. workforce—have now been laid off in the last six shattering weeks. One in six. It’s almost impossible to grasp such a mind-numbing figure. And while layoffs have hit both younger and older workers, it’s a good bet that when the […]
Will the U.S. stock market retest bear-market lows put in on March 23? That is perhaps the most prevalent question on Wall Street. And while there’s no way of knowing the answer for sure, if history is any guide, when the stock-market slips into a bear market, typically defined by a decline of at least […]
“ ‘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 […]
The IRS started cutting stimulus checks in mid-April, and it’s already gotten money to nearly 90 million people. That’s good news for everyone who’s received the payments and now has $1,200 in hand to use as they see fit as the country copes with the coronavirus outbreak and its massive health and financial consequences. But […]