Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

May 2, 2020 admin Business News Comments Off on Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses.

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Source:: Reuters – Business News