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Buffett's Berkshire Hathaway earnings jumped 87% as it recovers from the pandemic

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Billionaire Warren Buffett's industrial and insurance conglomerate is typically considered a bellwether for the market, given the diverse businesses it owns, including Kraft Heinz, Geico, Duracell and more.

New York Berkshire Hathaway is recovering from a rough start to a year in which it was hard hit by the coronavirus. Its second quarter earnings, released Saturday morning, were up almost 87% from last year, and a big turnaround from its huge first quarter loss.

Billionaire Warren Buffett's industrial and insurance conglomerate is typically considered a bellwether for the market, given the diverse businesses it owns, including Kraft Heinz, Geico, Duracell and more. Berkshire had net earnings of $26.3 billion, or $16,314 per Class A share equivalent, from $14.1 billion, or $8,608 per Class A share in the year-earlier quarter.

 

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Why isn't he being investigated for how much his stock have gone up?

While Democrats obstruct & tear shit down, realDonaldTrump acts and never lets YOU down! ✅Payroll tax holiday ✅Student loan relief ✅Moratorium on evictions ✅$400/week in unemployment benefits Now Chuck & Nancy might sue to stop you from getting relief? Have at it, losers!

🤔GEICO

Someone page BernieSanders

How has his stock compared to Dow( about even), NASDAQ (way down) and S&P (too lazy to look but I imagine down)

As always the Rich get richer The Poor get poorer Having laid off 30% of it's work force How much of a pinch did Buffet feel do you think

And again, stock prices/earnings have fuck all to do with the economic recovery of the average citizen THAT DOESN’T OWN STOCK.

And he should be using the wealth to bring down the corrupt government's, world leaders, religious leaders, systems, laws, abusive cultural practices and social norms if he wants to make a positive difference

Thought Warren was in GITMO

iamhassaan we should’ve invested when it was 295K lol

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Buffett buys back a record $5.1 billion in Berkshire stock as operating earnings take a big hitBerkshire announced it bought $5.1 billion of its own shares during the second quarter as the pandemic dented the conglomerate's operations. He probabaly should have bought Tesla 😐 Smart move. Manipulation
Källa: CNBC - 🏆 12. / 72 Läs mer »

Buffett's Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolioInvestors are preparing for a variety of news in Berkshire Hathaway's second-quarter earnings report this weekend. The old man who capitulated and sold airlines at the absolute bottom, and then missed the historical V-shaped recovery ? No thanks . Buffet quit on America WarrenBuffett
Källa: CNBC - 🏆 12. / 72 Läs mer »

Berkshire Hathaway’s Profit Jumps as Market Rebound Boosts ResultsWarren Buffett’s conglomerate said its second-quarter earnings surged 86%, as a rebound in the stock market offset a profit decline in the company’s operations and a large write-down for Precision Castparts. Laughing all the way to the bank, with Besos, Zuckerberg and Trumps other crooked friends.... Precision Castparts has been disappointing - worth less than the 37B purchase price? trengriffin Fundamentals are broken Profits decline, but share values are up?
Källa: WSJ - 🏆 98. / 63 Läs mer »