U.S. airline shares tumble as Buffett sell-off adds to worries

(Reuters) – Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway (BRKa.N) offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry. U.S.

Pandemic slams Asia's factories, activity hits financial crisis lows

SYDNEY (Reuters) – Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand. A series of Purchasing

Dollar edges up, Asian stocks slip as U.S.-China tensions flare

SINGAPORE (Reuters) – The dollar inched higher, stock markets struggled for traction and oil fell on Monday as a U.S.-China spat over the origin of the coronavirus put the brakes on optimism about an economic re-start as countries around the

Buffett says coronavirus cannot stop America

(Reuters) – Warren Buffett on Saturday gave an upbeat assessment of the United States’ ability to withstand crises, even as he acknowledged that the coronavirus pandemic could have a wide range of impacts on the economy. The 89-year-old Buffett spoke

Wall Street selloff resumes after Trump's China tariff threat

(Reuters) – U.S. stocks fell on Friday after President Donald Trump threatened to impose new tariffs on Beijing over the coronavirus crisis, while business warnings from Amazon.com and big oil firms highlighted the pain inflicted by global lockdowns. Trump’s threat