Broker Newswire
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Online Trading
    • Cryptocurrencies
    • Stocks
  • Markets
    • Earnings
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Saving money
    • Retirement
  • Economy
  • Tech
    • Enterprise
    • Internet
SUBSCRIBE
No Result
View All Result
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Online Trading
    • Cryptocurrencies
    • Stocks
  • Markets
    • Earnings
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Saving money
    • Retirement
  • Economy
  • Tech
    • Enterprise
    • Internet
No Result
View All Result
Broker Newswire
No Result
View All Result
Home Markets

Warren Buffett’s Berkshire Hathaway increases operating profit despite the crisis

by Nelson Beard
May 2, 2020
2 min read
0
Warren Buffetts Berkshire Hathaway increases
Share on FacebookShare on Twitter

The Berkshire Hathaway investment company of US star investor Warren Buffett significantly increased its operating profit in the first quarter despite the corona crisis.

Compared with the previous year’s figure, the result in the three months to the end of March climbed by around six percent to 5.9 billion dollars (‘5.3 billion), as Berkshire Hathaway announced in Omaha on Saturday. Revenues in the famous insurance line showed strong growth.

However, Berkshire’s net result was a record loss of $50 billion as the recent stock market turbulence took many stocks slowly into the red. However, this figure is not considered an appropriate indicator of business performance, as it is distorted by the reporting of unrealized investment gains and losses and fluctuates enormously. By way of comparison: In the same period last year, there was a surplus of 21.7 billion dollars here.

RELATED STORIES

Bitcoin and crypto spending is allowed by PayPal Now

Bitcoin and crypto spending is allowed by PayPal Now

October 23, 2020
Forestry: The price of wood

Forestry: The price of wood is falling sharply in the Corona crisis

June 12, 2020

However, the pressure on the 89-year-old Buffett to invest in the high cash reserves of Berkshire Hathaway is not diminishing in the crisis. At the end of the quarter, the stock market guru was sitting on cash and cash equivalents of 137 billion dollars, almost 10 billion more than a quarter earlier. The financial markets have been eagerly awaiting his next big deal for years. Buffett has been struggling with acquisitions for a long time, as valuations are too high for him.

Concerning the Corona crisis, the investor legend has so far remained relatively muted, but that could change this weekend. His supporters eagerly awaited what Buffett will say about the situation in the financial markets at the annual general meeting of Berkshire Hathaway on Saturday evening (CEST). Known as the “Capitalists’ Woodstock,” the event, which usually attracts tens of thousands of pilgrims to Omaha, Nebraska, can only be held on the Internet this time because of the pandemic.

Create your Web Presence with Namecheap

Recent Posts

  • Bitcoin and crypto spending is allowed by PayPal Now
  • The event in the live stream: Apple releases 5G-capable iPhone – Business
  • Volkswagen thriller: An unpopular supplier, audio recordings and a dead man
  • Tencent and WeChat also affected: Why Trump’s TikTok ban could harm Silicon Valley
  • Hacker attack on Twitter: “Group of young people” is supposed to be behind the attack on the social media platform

Category

  • Acquisitions
  • Broker Related
  • Earnings Reports
  • Economy
  • Enterprise
  • General
  • Internet
  • Investing
  • IPO News
  • Latest News
  • Layoffs
  • Markets
  • Online Trading
  • Opinion
  • OTC Markets
  • Penny Stocks
  • Personal Finance
  • Retirement
  • Saving money
  • Stocks
  • Technology

About Us

Broker Newswire (BN) is an exciting new online publication, which targets finances, brokers, mortgage and markets. BN, which is the nation’s leading provider of real estate, finance and market news and analysis.

  • About
  • Advertise
  • Privacy & Policy
  • Feedback

© 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Latest News
  • Investing
    • Acquisitions
    • Broker Related
    • Cryptocurrencies
    • Online Trading
    • Stocks
  • Markets
    • Earnings Reports
    • OTC Markets
    • Penny Stocks
  • Personal Finance
    • Retirement
    • Saving money
  • Economy
  • Tech
    • Enterprise
    • Internet
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.