<center>**Three things**
![image.png](https://files.steempeak.com/file/steempeak/chronocrypto/U27KNXor-image.png)</center>
> by Titan | May 5th, 2020

>“Cash is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent.” Warren Buffett


>Here are your three things to know today:

>1. Equity markets digest comments from Warren Buffett’s annual meeting, which included clarity on his surprising recent lack of mega-dealmaking.

>Airline stocks took a tumble on Monday as the market digested the latest comments from Warren Buffett from his annual meeting for Berkshire Hathaway on Saturday.  During the meeting, the famed investor expressed regret at recent airline investments, caution on the broader economic outlook, and provided clarity on his surprising recent lack of mega-deals.  Buffett has been known to shrewdly deploy large amounts of cash during periods of market turmoil, but in March the Fed beat Buffett to the punch, cutting off his deal pipeline just as it began flowing with its historic stimulus actions.

>2. VCs are eyeing online grocery investments like never before as grocery delivery services struggle to keep pace with outsized consumer demand.

>According to FreshDirect CEO Jason Ackerman, venture capital appetites for investments in online grocery businesses are at unprecedented highs, driven by recent social distancing-related consumer demand.  Before the coronavirus outbreak, online penetration of grocery spending in the U.S. was only at 3 to 4%, making it one of the final open frontiers of e-commerce spending.  It’s fair to say that that number has since ticked up meaningfully, though it remains to be seen how much of that uplift will remain structurally in place after quarantine measures are eased. 

>3. Hertz stock continues to plummet as it circles bankruptcy, but Robinhood investors aren’t budging.

>Hertz (HTZ) fell 24% after hours Monday after reports emerged that the company hired an additional adviser to help it prepare for a potential bankruptcy filing.  The car rental business has hit a rough patch with the recent decline in travel-related rentals, which coincided with a spike in financing costs that caused it to miss a lease payment last week.  Despite the company’s recent woes (which have driven a 90% fall in its stock price since late February) the stock’s popularity amongst retail investors has skyrocketed, with the number of Robinhood investors holding the stock spiking nearly 3,200%.


**This is an Article from Titanvest** Hence the ""