Warren Buffett’s Company Reports Q1 Loss Of $50 Bln
May 2, 2020
Hard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday.
The company, based in Omaha, Nebraska, called the setback “temporary” but said it could not reliably predict when its many businesses would return to normal or when consumers would resume their former buying habits.