Berkshire Hathaway’s operating earnings surge 71% with record cash pile
1 month ago

Berkshire Hathaway’s operating earnings surge 71% with record cash pile

CNN  

CNN — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. “We were aided by a predictable large gain in investment income as Treasury Bill yields improved and we substantially increased our holdings of these highly-liquid short-term securities,” Buffett said. For the fourth quarter, Berkshire’s cash ballooned to a new high of $334.2 billion, up from $325.2 billion in the third quarter, after reducing shares last year in Apple and Bank of America. “At 94, it won’t be long before Greg Abel replaces me as CEO and will be writing the annual letters,” Buffett said in the letter.

Billion Buffett Berkshire Quarter Rose  pile  buffett  underwriting  soon  berkshire  operating  quarter  rose  record  71  billion  hathaways  shares  earnings  cash  surge  reported

History of this topic

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares
1 month ago

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not without reason either - his Berkshire Hathaway …

Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter
1 month ago

Warren Buffett offers lessons on investing in his annual Berkshire Hathaway letter

Associated Press  

— Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons. And never forget that we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.” ___ On the future of Berkshire’s well-read annual report: “At …

Warren Buffett advises Donald Trump to ‘spend wisely’ in Berkshire Hathaway’s annual letter to shareholders: 10 Points
1 month ago

Warren Buffett advises Donald Trump to ‘spend wisely’ in Berkshire Hathaway’s annual letter to shareholders: 10 Points

Live Mint  

Billionaire investor Warren Buffett, while celebrating another success of his multinational conglomerate Berkshire Hathaway, offered some advice to US President Donald Trump in his annual letter to shareholders on Saturday, February 22. Buffett sent a cautionary message to the US government in his letter to Berkshire Hathaway shareholders, urging the country to ‘spend wisely’, maintain a stable currency and care …

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’
1 month ago

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’

Live Mint  

American multinational conglomerate Berkshire Hathaway's chief executive officer, Warren Buffett, disclosed in his annual report that the firm's cash pile for the year ended 2024 was at $334.2 billion, a rise in cash reserve for the 10th consecutive quarter. While our ownership in marketable equities moved downward last year from $354 billion to $272 billion, the value of our non-quoted …

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates
1 month ago

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates

Live Mint  

Berkshire Hathaway Q4 Results: Warren Buffett's Berkshire Hathaway Inc announced its fourth quarter results on Saturday, February 22, reporting a surge of 71 per cent in its operating profit to $14.5 billion, mostly driven by the investment income and insurance business amid high interest rates. The Omaha, Nebraska-based empire's fourth-quarter operating profit hit a record $14.53 billion, or $1,010 per …

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares
6 months, 3 weeks ago

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares

Daily Mail  

Warren Buffett's Berkshire Hathaway has become the first non-tech company to reach a $1 trillion valuation. Warren Buffett's Berkshire Hathaway has reached a market capitalization of $1 trillion 'This is significant at a time when Berkshire represents one of the few remaining conglomerates in existence today.' Berkshire Hathaway is a sprawling business empire with a $285 billion stock portfolio that …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake

LA Times  

Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha. Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter

Associated Press  

— Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, …

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day
7 months, 3 weeks ago

Warren Buffett’s Berkshire Hathaway sells Bank of America shares for 12th straight day

Hindustan Times  

Warren Buffett sold shares of Bank of America Corp. for the 12th straight day, trimming his conglomerate’s massive stake in the lender by a total of 8.8% — or $3.8 billion — since mid-July. In the latest disposals, his Berkshire Hathaway Inc. reaped $779 million selling stock on July 30 through Aug. 1, according to a regulatory filing late Thursday. …

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America
8 months, 1 week ago

Warren Buffett's Berkshire Hathway sells $1.48 billion stake in Bank of America

Hindustan Times  

Warren Buffett’s Berkshire Hathaway sold about 34 million shares of Bank of America Corp. for $1.48 billion, as per a public filing. Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett invested $5 billion in the bank in 2011 in exchange for preferred stock and …

Warren Buffett just lost $4.5 billion because of this stock market decision
9 months, 2 weeks ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up
10 months, 1 week ago

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Warren Buffett's secret stock …

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
10 months, 3 weeks ago

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

Associated Press  

— Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class …

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first quarter profits …

Investment lessons from Buffett’s letter to shareholders
1 year ago

Investment lessons from Buffett’s letter to shareholders

New Indian Express  

Operating profit over net profit: According to Buffett, operating profit – profits earned purely from core operations of the company – is a better gauge of the company’s financial health. Buffett says while net profit is reported more as a mandatory accounting practice, and is even widely transmitted, Berkshire Hathaway is more comfortable with operating profit. “The primary difference between …

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
1 year, 1 month ago

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
1 year, 1 month ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain
1 year, 3 months ago

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain

Associated Press  

— Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter …

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 4 months ago

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well

Associated Press  

— Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. That’s why Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can …

Berkshire Hathaway shares hit record as operating profit crosses $10 billion
1 year, 7 months ago

Berkshire Hathaway shares hit record as operating profit crosses $10 billion

Live Mint  

Billionaire investor Warren Buffett-led Berkshire Hathaway share price hit a record on Monday after the company’s quarterly operating profit rose above $10 billion for the first time. Berkshire Hathaway share price rallied 3.41% or $18,320 to $551,920, lifting the market value of the conglomerate to about $799 billion. In 2023 so far, Berkshire Hathaway shares have rallied 18%. Berkshire Hathaway …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 7 months ago

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well

Associated Press  

— Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire’s revenue jumped to $92.5 billion from last year’s $76.2 billion thanks largely to …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 8 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 10 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 10 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Warren Buffett predicts earnings decline across Berkshire Hathaway units
1 year, 10 months ago

Warren Buffett predicts earnings decline across Berkshire Hathaway units

Live Mint  

Warren Buffett, who’s economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. “The majority of our businesses will report lower earnings this year than last year,” Buffett said, before crowds of thousands at the event on Saturday. Berkshire is often seen …

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report
1 year, 10 months ago

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report

Live Mint  

Billionaire and ace investor, Warren Buffett's Berkshire Hathaway sees over a 5-folds jump in net earnings for the first quarter of 2023, driven by gains from stocks such as Apple Inc. Also, higher income from investment boosted the operating profit. Net earnings attributable to Berkshire Hathway's shareholders skyrocketed by 536.27% to $35.5 billion in Q1 of 2023, as compared to …

Profits jump at Buffett's company ahead of annual meeting
1 year, 10 months ago

Profits jump at Buffett's company ahead of annual meeting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Part of this year's investment gains included a $2.4 …

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock
1 year, 10 months ago

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Saturday said its first-quarter profit totaled $35.5 billion, reflecting gains from common stocks such as Apple Inc, while higher income from investments bolstered operating profit. "Even though I've gone for 32 or 33 years, it's enjoyable, uplifting, and you're always learning something new," Paul Lountzis, who makes Berkshire his largest investment at Lountzis Asset …

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know
2 years, 1 month ago

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know

Live Mint  

— Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, and all investors benefit from them as long as they are made at the right prices. Buffett used part of his annual letter to Berkshire Hathaway shareholders Saturday to tout the benefits of repurchases that fiery Wall Street critics like …

Buffett’s firm keeps selling BYD shares despite past praise
2 years, 2 months ago

Buffett’s firm keeps selling BYD shares despite past praise

Associated Press  

— Warren Buffett’s company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares, leaving it with 13.97% of the Hong …

Warren Buffett’s firm reports $2.7B loss on investment drop
2 years, 4 months ago

Warren Buffett’s firm reports $2.7B loss on investment drop

Associated Press  

— Warren Buffett’s company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Buffett has long said he believes Berkshire’s operating earnings are a better measure of the …

Buffett’s firm buys more Apple shares while betting on oil
2 years, 7 months ago

Buffett’s firm buys more Apple shares while betting on oil

Associated Press  

— Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. But Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Chevron, Ally Financial, Activision Blizzard, Paramount Global and several other stocks. Berkshire’s …

Warren Buffett now owns over 20% in this oil and natural gas company
2 years, 7 months ago

Warren Buffett now owns over 20% in this oil and natural gas company

Live Mint  

More shares of Occidental Petroleum Corp were purchased by Warren Buffett's Berkshire Hathaway Inc, surpassing the 20 percent ownership required to record a portion of the oil company's earnings alongside its own and potentially generating billions of dollars in profit. With the acquisitions, Berkshire now owns 188.4 million Occidental shares, or 20.2% of the reported shares outstanding, for a total …

Warren Buffett’s Berkshire Hathaway reports $44B loss but its businesses thrive
2 years, 7 months ago

Warren Buffett’s Berkshire Hathaway reports $44B loss but its businesses thrive

Live Mint  

: Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation and rising interest rates. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments …

Warren Buffett tells shareholders about spending $51 billion
2 years, 10 months ago

Warren Buffett tells shareholders about spending $51 billion

Associated Press  

— Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Buffett said Berkshire was able to take advantage of the fact that Wall Street is largely run like a “gambling …

Buffet’s Berkshire sees 53% drop in first quarter income, operating results flat
2 years, 10 months ago

Buffet’s Berkshire sees 53% drop in first quarter income, operating results flat

Live Mint  

Warren Buffett's Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp. Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit was little changed from a year earlier, with some businesses able to fend off supply chain disruptions. The …

Buffett invests big chunk of Berkshire Hathaway's cash
2 years, 10 months ago

Buffett invests big chunk of Berkshire Hathaway's cash

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first-quarter earnings fell …

Warren Buffett’s Berkshire Hathaway stock price reaches $500,000 for first time
3 years ago

Warren Buffett’s Berkshire Hathaway stock price reaches $500,000 for first time

Live Mint  

The share price of Warren Buffett's Berkshire Hathaway Inc reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation. The Omaha, Nebraska-based company's market value is approximately $731 billion, ranking sixth in the United States, and Buffett's 16.2% stake makes him the world's …

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway
3 years, 10 months ago

Warren Buffett says US economy’s unexpected strength benefits Berkshire Hathaway

Live Mint  

Warren Buffett said on Saturday that Berkshire Hathaway Inc is being lifted by a U.S. economy faring far better than he predicted early in the coronavirus pandemic, though investor euphoria is making it hard to deploy cash. Speaking at Berkshire's annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal …

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals
4 years ago

Buffett’s Berkshire opposes shareholders’ climate change, diversity proposals

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Monday urged the rejection of shareholder proposals that annual reports be produced about its efforts to address climate change and promote diversity and inclusion. Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee Berkshire's non-insurance and insurance operations and whose pay Buffett sets, were each awarded $19 million, unchanged from 2019. Berkshire's dozens …

Warren Buffett's wealth jumps to $100BN as he joins 'mega rich' billionaire's club
4 years ago

Warren Buffett's wealth jumps to $100BN as he joins 'mega rich' billionaire's club

Daily Mail  

Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months. The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg. Warren Buffett has hit …

Warren Buffett joins $100bn club, highlighting K-shaped recovery
4 years ago

Warren Buffett joins $100bn club, highlighting K-shaped recovery

Al Jazeera  

Berkshire Hathaway Chairman Warren Buffet has seen his net worth blow past the $100bn mark on the Bloomberg Billionaires Index, underscoring a K-shaped US recovery that saw more than eight million Americans fall into poverty in the second half of 2020. The Berkshire Hathaway Inc. chairman’s wealth jumped on Wednesday to $100.4 billion, according to the Bloomberg Billionaires Index. That’s …

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High
4 years ago

Warren Buffett's Fortune Tops $100 Billion After His Stock Hit Record High

News 18  

Investor Warren Buffett’s fortune surged above $100 billion Wednesday when shares of his company hit a record high at over $400,000 apiece. Berkshire’s shares have generally been increasing over the past two weeks since Buffett released his annual letter to shareholders late last month. Buffett’s fortune, which is mostly tied to his ownership of 248,734 Class A shares, topped $101 …

Warren Buffett again encourages investors to bet on America
4 years ago

Warren Buffett again encourages investors to bet on America

Associated Press  

— Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Buffett said one of his biggest investments last year was the $25 billion repurchase of Berkshire’s own shares. One of Berkshire’s hardest-hit businesses last year was aviation parts manufacturer Precision Castparts, …

Warren Buffett’s Berkshire snaps up record $24.7 bn of own stock
4 years, 1 month ago

Warren Buffett’s Berkshire snaps up record $24.7 bn of own stock

Live Mint  

Warren Buffett’s Berkshire Hathaway Inc. bought back a record $24.7 billion of its own stock last year and said there’s more to come, as the conglomerate struggled to find other ways to deploy its enormous pile of cash. The company’s purchase of $9 billion of shares in the fourth quarter matched a record set in the previous three-month period, Buffett …

Profit up 87% at Buffett’s firm, but virus slows businesses
4 years, 7 months ago

Profit up 87% at Buffett’s firm, but virus slows businesses

Associated Press  

— Warren Buffett’s company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact of the coronavirus pandemic. Berkshire Hathaway Inc. said Saturday that it earned …

Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown
4 years, 7 months ago

Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown

Live Mint  

Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett's conglomerate. Operating profit fell 10%, cushioned by a temporary bump at the Geico auto insurer, as the pandemic caused "relatively minor to severe" damage to most of Berkshire's more …

Profit up 87% at Warren Buffett’s firm, but virus slows businesses
4 years, 7 months ago

Profit up 87% at Warren Buffett’s firm, but virus slows businesses

Live Mint  

Warren Buffett's company reported an 87% jump in its second-quarter profit as the paper value of its investment portfolio increased with the stock market, but it took a roughly $10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact of the coronavirus pandemic. Berkshire Hathaway Inc. said Saturday that it earned $26.3 …

Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks
4 years, 10 months ago

Warren Buffett's Berkshire posts nearly $50 billion loss hit by coronavirus; says made 'a mistake' investing in airline sector stocks

Firstpost  

Berkshire’s stock price has fallen 1% in 2020, compared with a 12% drop in the Standard & Poor’s 500, despite Warren Buffett’s prediction that Berkshire would outperform in down markets. Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering …

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