Without government relief measures including a $2 trillion aid package, a 'recession' would be an optimistic description of the coronavirus-related economic fallout in the US, Stephen Schwarzman tells FOX Business' Maria Bartiromo.
Gauges of market volatility have reached some of their highest levels since the Black Monday crash of 1987, and investor Mohamed El-Erian said there's more to come.
Attendance at the Omaha, Nebraska, event will be limited to Buffett himself, possibly Munger and several Berkshire employees
Trading in interest-rate futures tracked by the CME Group indicates a 50 percent chance the Fed will slash rates another 50 basis points when its monetary policy committee meets on March 18, mirroring the emergency cut on March 3
The central bank lowered its benchmark fed funds rate by 50 basis points, the largest reduction since the 2008 financial crisis.
The carmaker's shares slid 26 percent to $667.99 in their worst-week since public trading of the company's stock began.
The New York-based lender's decision follows a similar move at rival Goldman Sachs, which said in December it wouldn't provide financing for oil exploration or development in any part of the Arctic.
Interest margins have been curbed at banks across the U.S. have been curbed in the past year as the Federal Reserve lowered its benchmark short-term rate 75 basis points to a range of 1.5 percent to 1.75 percent.
The Vermont independent isn't the first presidential candidate to describe himself as hated. Then-President Roosevelt expressed similar sentiments in his 1936 re-election bid.
About $53.7 billion of the 2019 profit was due to appreciation in the value of the Omaha, Nebraska-based company's stock holdings, which regulators now require Berkshire to include in its bottom line even though Warren Buffett didn't cash in on the gains by selling shares.