MARKET MAYHEM: Warren Buffett’s Berkshire Hathaway reported a $43.76 billion loss in the second quarter as the value of the company's investments plummeted, in what was a tumultuous quarter for the markets.
They all fell significantly during the second quarter, but rebounded during the third quarter, boosting the value of Berkshire’s portfolio since the end of the quarter.
Berkshire did report a $487 million pretax underwriting loss at Geico, which reported bigger auto claims losses because of the soaring value of vehicles and ongoing shortages of car parts.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Warren blasts GOP's 'political gamesmanship' after Dems reportedly ditch COVID tests for key voteDemocratic Sen. Elizabeth Warren dismissed claims from Republicans that coronavirus testing has been eased in order to ensure more Democrats can vote on the Inflation Reduction Act.
Read more »
Sens. Sanders, Warren set to give billionaires free pass after years of knocking tax loopholes for wealthySens. Bernie Sanders and Elizabeth Warren are likely to vote in favor of the Inflation Reduction Act after a history of criticizing wealthy Americans who use carried interest loopholes.
Read more »
Berkshire Hathaway Reports Operating Earnings Surge, But Posts Big Investment Loss Amid Market RoutBerkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth.
Read more »
Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble By Reuters*BERKSHIRE HATHAWAY POSTS $43.8 BILLION LOSS AS STOCK HOLDINGS TUMBLE IN Q2 - $BRK.A $BRK.B
Read more »
Vue Cinemas’ Chain: Fall In Ticket Sales Cuts Company Value In Half To $785BnThe Vue International Cinema chain has reduced its valuation by approximately half to around £650million ($785.6million). The Times reports that the company is being restructured in a deal that has…
Read more »
Musk: Twitter deal should proceed if proof of real accounts are givenElon Musk says if Twitter can provide its method of sampling 100 accounts and how it confirms that they are real, his $44 billion deal to buy the company should proceed on its original terms
Read more »