Warren Buffett’s Berkshire Hathaway says it repurchased $5.1 billion of its own stock during Q2.
as the coronavirus pandemic dented operations for Warren Buffett's conglomerate.
Berkshire Class A and Class B shares plunged more than 19% in the first quarter and lagged the S&P 500 during the second quarter with declines of more than 1%. Berkshire's investments in public markets gained $34.5 billion in the quarter. That gain caused overall second-quarter net earnings to surge to $26.3 billion, up from $14.1 billion a year ago. However, unrealized gains from investments quarter to quarter are volatile and Buffett himself warns investors not to focus on that overall net earnings figure.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Shares of Buffett's Berkshire Hathaway rise after conglomerate buys back a record amount of stockShares of Berkshire's Class B stock gained 0.9% before the bell following news of record buybacks at Warren Buffett's conglomerate.
Weiterlesen »
UK prime minister says schools must open in SeptemberBritish Prime Minister Boris Johnson said reopening schools in September was a social, economic and moral imperative and insisted schools would be able to operate safely despite the coronavirus pandemic.
Weiterlesen »
U.S. stock futures slip after Trump orders coronavirus reliefU.S. stock index futures dipped late Sunday, after President Donald Trump on Saturday issued executive orders on coronavirus aid that were quickly dismissed...
Weiterlesen »
Stock market news today: Dow, S&P react to Trump orders, China, virus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Weiterlesen »