Warren Buffett‘s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
Month: July 2020
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases. “The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines on Thursday told staff it has more than 20,000 employees it doesn’t need for its reduced fall schedule as the carrier and its competitors face weak demand for air
Military veterans, like many Americans, are struggling to find work as the coronavirus pandemic stretches on. While vets’ June unemployment rate is lower than the overall number, at 8.6% compared to 11.1% for the general population, it is still at more than double the number reported in March, the Military Times said. The Labor Department survey
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions
Las Vegas casino owner Derek Stevens said Thursday that although social distancing protocols are limiting the amount of people inside his casinos, sales in June were higher than a year ago. “What’s really surprising is actually our slot numbers, our table numbers, are up, and in some areas up dramatically,” Stevens said on CNBC’ “Squawk
Jocko was in and we asked him about his favorite gear. He talked about GPS, night vision goggles, radios, and even grenade launchers. MORE MILITARY CONTENT: How Marine Recruits Battle Their Fear Of Heights At Boot Camp What New Navy Plebes Go Through On Their First Day At Annapolis Navy SEALs Reveal Misconceptions About The
In a nation where space is at a premium, the Dutch are leaders in creating environmentally-friendly buildings. From repurposed redundant structures to modular, transportable studios and floating neighborhoods, the FT’s Helen Barrett explores three completely different approaches to sustainability. ► To learn more, visit our website – https://rethink.ft.com/ ► Watch more videos from this series
kate_sept2004 Pandemic first-aid kit You need seven things, according to Jeff Weinstein, a paramedic and medical operations supervisor for Global Rescue, which provides medical and crisis response service to travelers. It’s likely you already have three: masks, hand sanitizer and disinfectant wipes. Carry isopropyl alcohol wipes and use them to wipe down your phone. Major smartphone
A pedestrian stands in front of a Manhattan condominium building in New York. Mark Abramson | Bloomberg | Getty Images Manhattan apartment sales in the second quarter saw their biggest decline in three decades — and the worst quarter on record — as the real estate lockdown and urban flight after the Covid-19 crisis put
One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities. LeoPatrizi Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Netflix announced recently that it would transfer $100 million of its cash
Justin Paget | Getty Images Children diagnosed with Covid-19 pediatric multisystem inflammatory syndrome, or PMIS, may develop new neurological problems without any of the respiratory issues commonly associated with the virus, according to a study published Wednesday in the Journal of the American Medical Association. Researchers examined 27 children with Covid-19 PMIS, who were previously healthy, between
If you’re hoping to score a good deal on a new car during July Fourth sales events, it will be a mixed bag. While manufacturers and dealerships are offering special deals on some models to prop up sales amid the pandemic, inventory is down due to coronavirus-related disruptions in manufacturing. “We’ve seen incentives continue to
The internet Musk believed the internet, nascent in the ’90s, would “fundamentally change humanity,” he said on the podcast. “I would not regard this as a profound insight but rather an obvious one,” Musk said. He compared the internet to the human nervous system: “If you didn’t have a nervous system, you wouldn’t know what’s
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images This is a live blog. Please check back for updates. 9:54 am: Economy is ‘roaring back,’ says Trump President Donald Trump said the economy is
The worst of the U.S. coronavirus outbreak will end by January either with a vaccine or because enough people in the country will have already been infected and have some immunity to it, former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC on Thursday. The restrictions and guidance implemented to curb the spread
swissmediavision The seemingly endless nationwide pandemic lockdown has resulted in a lot of pent-up travel demand. As the second major long holiday weekend of summer gets underway, people looking to celebrate Independence Day are getting in their cars and campers for road trips — deemed by many a safer bet than air or cruise travel.
The Dallas Mavericks suffered a devastating loss to the Miami Heat in the 2006 NBA Finals, when the Mavericks won the series’ first two games only to their championship hopes slip away after falling to the Heat in four straight games. It was only a few years into Mark Cuban’s ownership of the Mavericks, and
The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount
2021 Dodge Durango SRT Hellcat Fiat Chrysler Fiat Chrysler is purifying its Dodge performance brand by increasing the offerings of its muscle cars and Durango SUV, while discontinuing a minivan and crossover for the 2021 model year. The automaker unveiled Thursday a new “Hellcat SRT” model of the 2021 Durango SUV, which it is calling
Lawmakers are giving cash-strapped entrepreneurs more time to apply for emergency funding. But the effort might be insufficient to keep business owners afloat. The Paycheck Protection Program, the forgivable loan program that was established through the federal CARES Act, was originally intended to cover eight weeks of payroll costs, plus mortgage interest, utilities and rent
From self-guided fall foliage tours to weekends at the lake, booking a secluded cabin is an easy way to avoid crowds this autumn. Cabins today come in every incarnation imaginable, from traditional log designs to modern wonders, and in sizes ranging from palatial estates to one-room shacks located smack in the middle of a pond.
U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for
A driver for an independent contractor to FedEx Corp. pushes a cart with packages for delivery in New York, U.S., on Monday, Nov. 26, 2018. Christopher Lee | Bloomberg | Getty Images Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post
Moderna‘s stock fell by as much as 9.4% in midday trading Thursday after a report said the biotech company’s late-stage trial for a potential coronavirus vaccine will be delayed, possibly by a few weeks. The company, which is working with the National Institutes of Health, was expected to begin a phase 3 trial with 30,000 participants for
President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. Chip Somodevilla/Getty Images The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June.
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million
According to Kevin O’Leary, people spend too much money on things they don’t need – like a $2.50 cup of coffee ”is such a waste of money,” he says. The smart thing to do with your money is invest it, according to O’Leary. In fact, “the biggest money mistake people make today is they don’t put
Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank. “I have found it so amazingly easy to recruit minority candidates — African American, women — and promote them very easily because I focus on talent,” Reynolds said on “Halftime
Macy’s at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California. Robin L Marshall | Getty Images Macy’s said Wednesday it swung to a first-quarter loss, in line with its previously announced estimates, as the coronavirus pandemic helped slice sales nearly in half. Chief Executive Jeff