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Warren Buffett’s Berkshire Hathaway raked in more than $3 billion from its Goldman Sachs bailout

The famed investor's company threw the bank a $5 billion lifeline in 2008, but only cashed out last quarter.
The spread of the coronavirus disease (COVID-19) in London

The UK economy shrank 5.8% in March, the fastest drop in history — and it’s only going to get worse

UK's economy shrank at the fastest rate since the 2008 financial crisis in the first quarter of 2020, the Office for National Statistics said.

Warren Buffett has weathered multiple market crashes. Here are his 10 best quotes about investing in tough times.

"When hamburgers go down in price, we sing the "Hallelujah Chorus" in the Buffett household."
Traders are a blur of activity as they work on the main trading floor of the New York Stock Exchange early in the trading session, December 9, 2008.

One measure of market stress is mirroring its 2008 moves — and calls for a 2nd dip before recovery

The index dropped from February to March before retracing half of the plunge in April. It's 2008 trend suggests another month of declines is coming.

‘A fool’s game’: 4 economists break down what it’s like forecasting the worst downturn since the Great Recession

"I come at this with a huge amount of humility as anyone should. These numbers have been a moving target," said Heidi Shierholz of the EPI.
A man wearing a protective mask walks across Waterloo Bridge in front of the City of London financial district during rush hour, as the number of Coronavirus cases grow around the world, in London, Britain, March 17, 2020.

A hedge fund manager who dominated the last financial crisis posted a 26% loss during March’s violent sell-offs, new report says

Ali Lumsden posted a 73% gain betting against the mortgage market in 2007, but his securitized credit positions recently soured amid the pandemic.
President Donald Trump, center, Senate Majority Leader Mitch McConnell, a Republican from Kentucky, left, and Senator Roy Blunt, a Republican from Missouri, arrive for the weekly Senate Republicans policy luncheon on Capitol Hill in Washington, D.C.

The $2 trillion coronavirus rescue package is more than double the size of Obama’s stimulus plan — but it may only salvage the economy for...

The relief bill may be only a down payment toward restoring the nation's economic health if the outbreak stretches into the summer.

Coronavirus could plunge the global economy into a ‘Greater Depression,’ ‘Dr. Doom’ economist warns

"The best economic outcome that anyone can hope for is a recession deeper than that following the 2008 financial crisis."

Trump wants to restart the US economy ASAP because he’s afraid the tanking stock market will hurt his reelection chances, new report says

Trump has long touted the economy as his main argument for reelection. The pandemic threatens to upend that dynamic.

An investor who started her career right before the 1987 stock crash breaks down the parallels she sees with today’s coronavirus-stricken market...

Market movements in the last few weeks have felt like "an ugly mashup" of what happened in 1987, after 9/11, and in 2008, Liz Ann Sonders said.