Berkshire Hathaway’s Profit Drops in the Third Quarter

Berkshire Hathaway, the holding company led by billionaire investor Warren E. Buffett, reported a sharp decline in the third quarter on Saturday, reflecting turbulent financial markets and a slowdown in the US economy. cases. Profits fell a third to $10 billion from $30 billion in the same three months of 2020, when the economy was …

Berkshire Hathaway Recovered from the Bad Effects of the Pandemic

Berkshire Hathaway, the conglomerate led by Warren E. Buffett, recovered significantly from the dire economic effects of the pandemic in the second quarter, reporting $28.1 billion on Saturday. net earningsrose from $26.3 billion a year ago. The biggest gains were in rail, utilities and energy jobs, which saw significant declines in 2020 as the pandemic …