The University of Illinois made a prophetic insurance bet in 2017

U.S. universities are reeling from the chaos resulting from the coronavirus pandemic, and one dean’s far-sighted business move might help save his school a lot of money. In 2017, the Gies College of Business and the Grainger College of Engineering jointly took out a three-year contract with Lloyd’s of London to insure against a loss […]

Stock futures fall as concern over virus fallout mounts

Stock futures opened lower Sunday evening, as mounting concerns that companies would see lasting damage in the aftermath of the coronavirus pandemic spooked market participants. Famed investor Warren Buffett said during Berkshire Hathaway’s annual shareholder meeting...

‘Avoid using credit cards as a piggy bank’

Legendary investor Warren Buffett had some advice for the millions of Americans with credit card debt. “I think people should avoid using credit cards as a piggy bank to be raided,” the chairman and CEO Berkshire Hathaway (BRK-A, BRK-B) said during Berkshire...

PA pub owner on COVID-19

As the coronavirus continues to batter the U.S. economy, mom-and-pop operations are struggling to stay afloat despite the federal government’s efforts to distribute $659 billion in forgivable loans to small businesses. “It’s going to be a wash in the next six...