Buffett's firm reports $44B loss but its businesses thrive

Buffett's firm reports $44B loss but its businesses thrive

Buffett’s firm reports $44B loss but its businesses thrive OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation and rising interest rates. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments forced it to report a loss of nearly $44 billion, or $29,754 per Class A share. That is down from $28.1 billion, or $18,488 per Class A share, a year ago. The stock prices of three of Berkshire’s biggest investments — Apple, American Express and Bank of America — all fell significantly during the second quarter. But those …
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