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Live from Omaha, it’s Warren Buffett!

It’s what we all needed to hear: “Nothing can stop America” — Warren Buffett’s way of saying, “We will get through this.” Saturday evenings aren’t normally the ideal time for tuning into a multi-hour investor conference, especially after being cooped up all week working from home due to the Covid-19 pandemic. But mere minutes into the live-streamed Berkshire Hathaway Inc ...

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Covid aid scams could have been avoided

Almost every scam is a little bit funny, even when linked to the deadly serious coronavirus. Consider BuzzFeed’s latest installment in the genre: The site reported that Yaron Oren-Pines, an electrical engineer in Silicon Valley, managed to make millions of dollars selling ventilators he apparently never had and never could supply. Three days — three days! — after he tweeted ...

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Oil’s recovery could take decades, not years

Who knows what the new normal for oil demand will be once Covid-19 is firmly in the rear view mirror? It is likely to be lower than it was in 2019, and it could be that way for many years. That’s going to create overcapacity throughout the oil supply chain and weigh on prices. While signs are emerging that we ...

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