Warren Buffett’s Berkshire Hathway reports a $2.7 bn loss as Stock Holdings fall

Berkshire Hathaway, the conglomerate run by Warren E. Buffett, reported a loss of USD 2.7 billion again.

Some analysts believe that the company must divulge more information regarding its strategies since many of Berkshire’s businesses face challenges and how the company plans to overcome these challenges

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LOSS

In the second quarter, too, Berkshire had reported a USD 44 billion loss, with a quarterly loss, as reported on Saturday

The company is almost the backbone of the American economy, and hence the many forces that have battered the American economy have also had a hand in affecting the profitability of the company.

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1989

Besides investing in the oil sector, Berkshire also purchased over 120 million shares of printer maker HP Inc.

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