News Formal

Legendary investor Warren Buffett's company posts $44bn loss

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

Sharp dip in headline loss, but 39% rise in operating profit 😲⬇️

Warren Buffett, who is chairman and chief executive of Berkshire Hathaway - Andrew Harrer/Bloomberg

Its stock portfolio fell in value to $328bn, down from $391bn at the end of March. Three of its major holdings – Apple, Bank of America and American Express – each fell more than 21pc. The business also slowed its investments in new stocks to $6.2bn in the quarter, down from $51.1bn between January and March, when it ploughed money into oil companies. Berkshire Hathaway bought back $1bn worth of its own shares in June.

The performance of his company is closely watched because of Mr Buffett’s reputation for investing long term and calling the market correctly.owns dozens of businesses, including its eponymous energy operations and manufacturing companies, and consumer companies such as Duracell batteries, Fruit of the Loom underwear and See's Candies. Because of its breadth it is also regarded by many investors as a bellwether, mirroring broader economic trends.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

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

Japan's GPIF posts $28 billion investment loss in Q1 on market turbulenceTOKYO : Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) in April-June, the second consecutive quarter of negative return. The world's largest pension fund lost 1.91 per cent during the three months, trimming its overall assets t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's GPIF posts $28 billion Q1 investment loss on market turbulenceTOKYO :Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.The world's largest pension fund lost 1.91 per cent for t
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »