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Warren Buffett: Buffett’s Berkshire Takes $ 69 Billion Hit on Stock Portfolio in First Quarter, Transfers Money to Treasuries

05/03/2020 Business

[ad_1] NEW DELHI: Legendary investor Warren Buffett, led by Berkshire Hathaway, bled badly in the March quarter thanks to a massive blow from the coronavirus crisis, and the company transferred some money from the stock to the safety of American treasures. The Omaha-based company reported a huge loss of $ …

Berkshire Hathaway Q1 Results: Buffett’s Company Records Record Net Coronavirus Loss and Increases Operating Profit

05/02/2020 Business

[ad_1] Warren Buffett’s Berkshire Hathaway Inc posted a record net loss of nearly $ 50 billion on Saturday when the coronavirus pandemic hit its investments in common stock, but operating profit increased even when COVID-19 damaged its businesses. Berkshire’s first-quarter net loss totaled $ 49.75 billion, or $ 30,653 per …