US stocks dip as Buffett dumps airlines

US stocks dip as Buffett dumps airlines

The S&P 500 and Dow Jones indexes have retreated following a US-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett’s Berkshire Hathaway dumped its stakes in the sector. Delta Air Lines,...
US stocks dip as Buffett dumps airlines

RBA forecasts to overshadow rate decision

Economists expect the Reserve Bank to leave the cash rate at a record low 0.25 per cent as the economy struggles with the COVID19 crisis. JP Morgan Australia chief economist Ben Jarman does not expect a change when the RBA meets on Tuesday after two coronavirus-based...
US stocks dip as Buffett dumps airlines

Westpac to end support for coal by 2030

Westpac has pledged to end its financing of thermal coal projects by 2030, heartening activists and leaving ANZ as the only one of the big four banks not to set an exit date for its support of the fossil fuel. Australia’s second-biggest bank on Monday said in...
US stocks dip as Buffett dumps airlines

Flight Centre sales at 5-10% of normal

Flight Centre says it is continuing to win new corporate accounts and generating some sales despite the heavy travel restrictions in place. Total transaction volumes in April were about five to 10 per cent of normal levels, the company said on Monday. “There has...