Buffett's Berkshire posts loss as stocks fall, operating profit rises

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Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier. Operating...

- Warren Buffett's Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.

Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier. Here is a strategy to earn high-yield tax-free passive income while reducing risk. The post Passive Income: How to Earn an Average of $475 Per Month the CRA Won’t Touch appeared first on The Motley Fool Canada.Canadian utility stocks like Fortis Inc have been proven dividend achievers. The post Dividend Investors: Top Canadian Utility Stocks for November 2023 appeared first on The Motley Fool Canada.Shares of Algonquin Power & Utilities are down over 65% from all-time highs.

Apple’s services segment continues to record healthy gains, increasing 16.3% for the September quarter to reach a record $22.3 billion, while it also reported a 2.8% lift in iPhone sales. Overall, Apple posted revenue of $89.50 billion and net income of $22.96 billion , translating to earnings per share of $1.46, for …CALGARY — Canadian pipeline giant Enbridge Inc. has signed a deal to purchase seven existing renewable natural gas facilities in Texas and Arkansas for US$1.2 billion.

 

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