Airline stocks suffered big losses on Monday, after data from the US Transportation Security Administration showed that travel demand declined last week to break a streak of 12-week increases from the bottom. of COVID-19 in mid-April. The drop in demand comes as the number of new cases of COVID-19 in …
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Barstool Sports founder and goofy trader Dave Portnoy was excited last month to call Warren Buffett a “jerk” after the Berkshire Hathaway BRK.B, -0.13% The boss downloaded the shares of his airline and missed a big rebound in the hit sector. According to Shane Parrish of the popular blog Farnam …
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The tyranny of gigantic tech stocks, which has supported the US equity market since March, had a major impact this week. For months, the most valued e-commerce and technology companies have staged an almost unrelenting rally during a public health crisis that has caused tremendous pain in the national and …
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Text size Photograph by Andrew Burton / Getty Images BlackRock’s second-quarter earnings increased 22% to $ 7.85 per share higher than expected, while net flows plummeted during the period of market uncertainty. The increase in earnings partly reflected a lower share count after BlackRock (BLK) repurchased part of PNC Financial …
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How much of your retirement savings are you currently gambling with the fortune of just six companies? If you have them on an S&P 500 SPX, -0.14% Stock index fund, the answer is: about a quarter. That’s what the so-called “FANMAG” —Facebook FB, -0.70%, Apple AAPL, -0.46%, Netflix NFLX, -7.44%, …
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