Buffetts

Here's the problem under the hood of Warren Buffett's Berkshire Hathaway

Here’s the problem under the hood of Warren Buffett’s Berkshire Hathaway

It’s Midterm Day in America, so get your gun ready (where the law allows), get your local election lawyer to dial quickly, and break out the popcorn. United States, United States. More on that later. The company lost $2.7 billion in the third quarter, although its earnings are notoriously volatile and the losses were driven …

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Buffett's Berkshire loses money as stocks and Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …

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Rising interest rates boost Warren Buffett's Berkshire Hathaway earnings

Rising interest rates boost Warren Buffett’s Berkshire Hathaway earnings

Warren Buffett’s Berkshire Hathaway is quickly becoming one of the main beneficiaries of the sharp rise in US interest rates, as its fortress-like balance sheet begins to generate hundreds of millions of dollars in revenue for the sprawling conglomerate. The interest the company earns on its $109 billion cash nearly tripled from a year earlier …

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