Buffets Berkshire Hathaway posts $50 bn loss in coronavirus impact

Buffets Berkshire Hathaway posts $50 bn loss in coronavirus impact

An accounting rule requires Berkshire to report unrealized stock losses and gains with earnings. This causes huge swings in Berkshire’s net results that Buffett considers meaningless Topics Berkshire Hathaway   |   Warren Buffett’s Berkshire Hathaway  |   Coronavirus Reuters  |  Jonathan Stempel  Last Updated at May 2, 2020 20:32 IST Warren Buffett’s Berkshire Hathaway…

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Warren Buffet’s Berkshire told to divest from coal trade

A New York City official has asked Warren Buffett’s Berkshire Hathaway to sever ties with the coal industry citing it as the “smart thing to do” given its impact on the environment.According to a statement released by Comptroller Scott Stringer on April 24, he has sent letters to Berkshire, American International Group Inc and Liberty Mutual, on behalf of…

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