The airline business has been devastated by the COVID-19 pandemic, which caused travel demand to fall to near zero in March and April and has forced airlines to lever up to avoid bankruptcies. Delta is currently burning through about $30 million in cash per day, but that's down from $100 million at the height of the crisis.
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
Mayer's career can be boiled down to a single wrong keystroke.
You won't believe the amount of money that the bottler intends to return to shareholders.
Over the past six years, billionaire Bill Gates has spent more than $113 million purchasing Nebraska farmland and has taken out two loans totaling $700 million against it. Gates owns about 20,000 acres of farmland in Nebraska, where longtime friend and fellow billionaire Warren Buffett resides. The farmland is held by more than 20 shell companies. Why would one of the world's richest people need to take out a loan? Many high-net-worth individuals borrow against their assets if they need money th
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
Prepare yourself for a big shock.
Warren Buffett is selling his largest holding, and that's a huge deal.
Comments from Stanley Druckenmiller caused a quick plunge in the stock.
The company delivered blockbuster results, so why is the stock price plunging?
After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are 7.5% better than the estimates, a beat that’s well above the 6.7% decadal average. Scott Chronert, a U.S. equity strategist at Citigroup, comments on the broader