Berkshire Hathaway Lost $49.7 Billion in First Quarter Stung by Coronavirus

Berkshire Hathaway 3Q earnings

Warren E. Buffett’s Berkshire Hathaway swung to a $49.7 billion loss in the first quarter, the conglomerate reported on Saturday, reflecting the toll that the coronavirus has inflicted on one of America’s best-known investors. The loss — compared with a $21.7 billion profit during the same quarter a year ago — was driven by the… Continue reading Berkshire Hathaway Lost $49.7 Billion in First Quarter Stung by Coronavirus