Warren Buffett, Berkshire Hathaway suffer $80 billion coronavirus loss - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Warren Buffett's Berkshire Hathaway may have racked up over $80 billion in losses across its 10 largest equity holdings as coronavirus hammered the stock market.

The billionaire investor's conglomerate took a $27 billion hit on its Apple stock, and a $15 billion hit on Bank of America. The famed investor's conglomerate saw an average share-price decline of 43% across its top 10 stocks between February 20 — when the coronavirus sell-off started — and midday on March 23. These calculations are based on Berkshire's last portfolio disclosure and assume it hasn't changed its positions since the end of December.

Apple's stock price plunged 32% in the 32-day period, cutting the value of Berkshire's 5.6% stake in the tech titan by about $27 billion. Shares in its second-biggest holding, Bank of America, dived 48% — erasing more than $15 billion of Berkshire's investment in the lender.

I said pull out one

Yugansh99

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether. Ya think lortyvon L’augmentation des taxes est là
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Loss of smell and taste may be hidden symptom of COVID-19 - Business InsiderA sudden loss of smell or taste could mean you have the coronavirus, even if you have no other symptoms. I still taste my good french food. Thanks god. God bless Italy they zre really struggling New symptom got now what’s really we on this is a major issue with panic now how can you isolate the symptom and fear ehhh Hahaha Courteous enough not humiliate people .... ... I prefer rectifying such in private. Kenyan
Source: BusinessInsider - 🏆 729. / 51 Read more »