Tag Archives: Hathaway

[ad_1] Warren Buffett’s Berkshire Hathaway Inc is being hit by the coronavirus pandemic, posting a record quarterly net loss of nearly $ 50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said that the majority of its more than 90 businesses have faced “relatively …

[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 …