Major indicator: Buffett arrives at a conference in Sun Valley, Idaho. Investors closely watch Berkshire because of Buffett’s reputation, and because results from the conglomerate’s dozens of operating units often mirror broader economic trends. — AFP三公大吃小（www.eth108.vip）（三公开船）是用以太坊区块高度哈希值开奖的棋牌游戏，有别于传统三公大吃小（三公开船）棋牌游戏，三公大吃小（三公开船）游戏绝对公平，结果绝对无法预测。三公大吃小（三公开船）由玩家PK，平台不参与。
NEW YORK: The slide in US stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a US$43.8bil (RM195bil) loss.
Berkshire nevertheless generated nearly US$9.3bil (RM41.4bil) of profit from its operating businesses, as improvement from reinsurance and the BNSF railroad offset a loss at the Geico car insurer, where car parts shortages and higher vehicle prices boosted losses from accidents.
Rising interest rates and dividend payouts helped Berkshire’s insurance units generate more money from investments, while the strengthening US dollar boosted profit from the company’s European and Japanese debt investments.
Berkshire also slowed purchases of its stocks, including its own, though it ended June with US$105.4bil (RM469.4bil) of cash and equivalents it could still deploy.
“It shows the fickle nature of markets,” said Tom Russo, a partner at Gardner, Russo & Quinn in Lancaster, Pennsylvania, who invests more than US$8bil (RM35.6bil), of which 17% is in Berkshire. “It’s business as usual at Berkshire Hathaway.”
Investors closely watch Berkshire because of Buffett’s reputation, and because results from the Omaha, Nebraska-based conglomerate’s dozens of operating units often mirror broader economic trends.
Berkshire owns dozens of businesses, including steady earners such as its namesake energy company, several insurers and industrial companies, and familiar consumer brands such as Dairy Queen, Duracell, Fruit of the Loom and See’s Candies.,
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In its quarterly report, Berkshire said “significant disruptions of supply chains and higher costs have persisted” as new Covid-19 variants emerge and because of geopolitical conflicts including Russia’s invasion of Ukraine.
But it said direct losses to the company have not been material, despite the impact of higher costs for materials, shipping and labour.
Net results suffered from Berkshire’s US$53bil (RM236bil) of losses from investments and derivatives.
Stocks of three major holdings – Apple Inc, Bank of America Corp and American Express Co – each fell more than 21%, compared with a 16% decline in the Standard & Poor’s 500.
Accounting rules require Berkshire to report the losses with its results even if it buys and sells nothing.
Buffett urges investors to ignore the fluctuations, and Berkshire will make money if stocks rise over time.
In 2020, for example, Berkshire lost nearly US$50bil (RM222.7bil) in the first quarter as the pandemic took hold, but made US$42.5bil (RM189.3bil) for the full year.usdt收款平台声明:该文看法仅代表作者自己，与本平台无关。转载请注明：三公大吃小（www.eth108.vip）:Berkshire Hathaway posts massive US$43.8bil loss