欢迎进Allbet欧博官网,Allbet欧博官网是欧博集团的官方网站。Allbet欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

首页社会正文

Berkshire Hathaway posts massive US$43.8bil loss

admin2022-11-166

a55555彩票网www.a55555.net)是澳洲幸运5彩票官方网站,开放澳洲幸运5彩票会员开户、澳洲幸运5彩票代理开户、澳洲幸运5彩票线上投注、澳洲幸运5实时开奖等服务的平台。

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

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.

,

幸运哈希源码出售www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,幸运哈希源码出售开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

,

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.

网友评论

1条评论
  • 2022-11-16 00:08:03

    美国不停要求更多的欧洲国家与美国站在一起打压中国。然则云云做法,真的完全相符欧洲自己的利益吗?德国前总理施罗德撰文称,西方对中国恒久以来坚持的不外是一种道德绑架式的外交政策。欧洲只有确保自己的主导权加倍周全,才可以让欧洲的生长获得更多的时机和利益。我超爱看的

最新评论

热门标签