Chief among the reasons for the gloomy outlook is a belief that the Fed will continue hiking rates and keep them above neutral longer than markets had anticipated as recently as a week ago
Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer
The firm's shares fell 9.5 per cent at 1:13 pm in New York after the announcement
Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed
At 06:22 a.m. ET, Dow e-minis were down 407 points, or 1.29%, S&P 500 e-minis were down 53 points, or 1.35%, and Nasdaq 100 e-minis were down 169 points, or 1.42%
The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%
Energy stocks outperform broader market; big banks, travel shares lead declines
Longer-term real rates remain deeply negative in many regions, supporting elevated prices for riskier assets
Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.
The United States has in recent days received a taste of the types of disruptions that the virus has wrought in other countries, including Italy and South Korea.
In a statement, the US Fed said it was cutting rates by a half percentage point to a target range of 1 per cent to 1.25 per cent
GE fell 5.9 per cent to $17.90 in the largest daily volume in two years
Labor Department non-farm payrolls data shows that U S employers added 161,000 jobs last month and boosted wages for workers