The massive financial package is intended to flood the economy with cash in a bid to stem the impact of an intensifying coronavirus pandemic that has killed more than 1,050 people in the US and infected at least 69,000.
The Trump government wants to send cheques to its population within two weeks, which a senior US official said could total as much as US$1.2 trillion. “It’s going to be big, and it’s going to be bold,” US President Donald Trump said.
The paralysis of manufacturing in China due to the outbreak of coronavirus in Wuhan, Hubei province, which has spread worldwide, has led to forecasts of a global recession
Willis Towers Watson shareholders will receive 1.08 Aon shares for every Willis Towers Watson share they own. That values Willis Towers Watson’s equity at almost US$30 billion, a 16.2% premium to Friday’s closing price.
“People really have three basic alternatives, short-term cash, which is an option of doing something later, long-time bonds or long-term stocks. And stocks are cheaper than bonds,” Berkshire Hathaway chairman and CEO Warren Buffett said.
Two companies defied the trillions of dollars lost on global stock markets which is being caused by fears that the coronavirus is ruining business and economies
The Dow Jones Industrial Index plunged to its biggest fall in history as sharemarkets across the world suffered further losses with concerns growing that the coronavirus cannot be stopped
Toyota has been working with Pony.ai since 2019 on public autonomous vehicle testing. The new investment will see Toyota and Pony.ai “co-developing” mobility products like “mobility services.”
As Warren Buffett acknowledged, the issues of corporate leadership, succession and death is something of an "urgent" question at Berkshire Hathaway, given that he's 89 years old, and his vice-chairman Charlie Munger is 96.
The All Tech Index operates under an S&PDJI methodology and at launch will have 46 constituents with a combined market capitalisation of over A$100 billion. In total, there are more than 200 listed technology companies on the Australian Securities Exchange valued at almost A$115 billion.