Warren Buffett's Berkshire Hathaway sold more than $6 billion in stock in April, its first-quarter earnings show
Business

Warren Buffett's Berkshire Hathaway sold more than $6 billion in stock in April

The billionaire investor's company was widely expected to deploy a chunk of its $128 billion cash pile last quarter, but instead its reserves grew to $137 billion by the end of March. "The amount of investment gains/losses in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules,"

finance markets stocks insurance berkshire-hathaway investing warren-buffett q1-earnings

Sat May 02 - Businessinsider

Related Articles

Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person
Business
Elon Musk Gains $8 Billion to Become World’s Fourth-Richest Person

Elon Musk’s financial upswing shows no signs of slowing. The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s fortune has grown by $57.2 billion this year, the second-biggest increase on the index after Amazon.com Inc. founder Jeff Bezos’s.

technology business markets wealth valuation sp-500-index amazoncom-inc tesla-inc pursuits elon-reeve-musk bernard-arnault mark-elliot-zuckerberg billionaires space-exploration-technologi

Tue Aug 18 - Bloomberg
Asian markets rise, though Nikkei sinks after Japan’s record contraction
Business
Asian markets rise, though Nikkei sinks after Japan’s record contraction

Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. The Nikkei 225 in Tokyo NIK, -0.82% fell 0.8% after the data showed the world’s third-largest economy shrank 27.8% from a year earlier in the three months ending in June.

investing securities foreign-exchange-news commodity financial-market-news money forex-markets article_normal hang-seng-index nikkei-225-index investingsecurities commodityfinancial-market-news moneyforex-markets first_publish_headlineasian-markets-rise though-nikkei-sinks-after-japans-record-contraction headlineasian-markets-rise spasx-200-benchmark-index auxjo shanghai-composite-index cnshcomp hkhsi jpnik spnzx-50-gross-index nznz50gr ftse-straits-times-index sgsti taiwan-taiex twy9999

Mon Aug 17 - Marketwatch
US posted the worst-ever GDP plunge
Business
US posted the worst-ever GDP plunge

US GDP dropped 32.9% in the second quarter, the worst ever posted in the Q2. Economists surveyed by Dow Jones had been looking for a drop of 34.7% but still, it was the worst drop ever, with the closest previously coming in mid-1921. The report comes amid a recession that began in February and pulled first-quarter growth down 5%. On a quarterly basis, the Q2 decline was 1.8%

us economy markets gdp

Thu Jul 30 - CNBC
China tries to find a new economic partner in South Korea
Business
China tries to find a new economic partner in South Korea

According to the latest media reports, South Korea and China are set to hold bilateral talks on the economy later this week. The talks will be held on Saturday in Qingdao, eastern China, where deputy ministers of the two sides will hold annual economic cooperation talks, South Korea’s Yonhap news agency said. The meeting comes amid escalating China-US trade and security tensions

china us economy markets korea

Thu Jul 30 - AA