Today marks the first media day for United Airlines, an event highlighting the company's aircraft upgrades, multimillion dollar investments, and growing industry confidence. Yahoo Finance's Adam Shapiro filled Jen Rodgers in on some of his interview with United Airlines President Scott Kirby.
“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.”
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
Prepare yourself for a big shock.
Rivian (RIVN) reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Illinois, plant and trimmed its capital expenditure forecast.
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
Warren Buffett is selling his largest holding, and that's a huge deal.
Fortress Investment Group provides high-dollar financing for real estate developers. This group is planning to initiate one of the largest foreclosures in American history. The foreclosure targets the Cohen Brothers, who owe Fortress nearly $550 million in loans. Their asset portfolio spans from New York to Florida. For such a significant foreclosure, the method being employed is unique too. The typical foreclosure process is a lengthy one, involving court hearings, and resulting in the foreclos