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10 things you need to know before the opening bell

1 month ago   |   By Business Insider

Here's what you need to know before the markets open.
1. Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues. The billionaire investor is "circling the hardest-hit companies in the travel, lodging and entertainment sectors," The Wall Street Journal reported.
2. 'Soggy start to April': Stocks plunge as coronavirus ravages the US and hammers Asian manufacturing. President Donald Trump warned of a "very painful" two weeks to come, while Japanese and South Korean factory activity slowed sharply.
3. Billionaire bond king Jeffrey Gundlach says...
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Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues

Warren Buffett could bail out airlines, hotels, and casinos as coronavirus ravages their revenues

1 month ago   |   By Business Insider

Warren Buffett is monitoring some of the businesses being hammered by the novel coronavirus, The Wall Street Journal reported on Tuesday .
The billionaire investor is "circling the hardest-hit companies in the travel, lodging and entertainment sectors," sources told the newspaper.
Airlines, hotels, casinos, cinemas, and other businesses are suffering as people stay at home and authorities shut non-essential businesses to slow the pandemic's spread.
Buffett could deploy his Berkshire Hathaway conglomerate's $128 billion cash pile by investing in them or loaning them money.
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