{"id":349383,"date":"2020-05-04T10:39:44","date_gmt":"2020-05-04T05:09:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349383"},"modified":"2020-05-04T11:55:11","modified_gmt":"2020-05-04T06:25:11","slug":"buffets-berkshire-hathaway-posts-50-bn-loss-in-coronavirus-impact","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/buffets-berkshire-hathaway-posts-50-bn-loss-in-coronavirus-impact\/","title":{"rendered":"Buffet&#8217;s Berkshire Hathaway posts $50 bn loss in coronavirus impact"},"content":{"rendered":"<p>Warren Buffett&#8217;s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.<\/p>\n<p>Berkshire said most of its more than 90 businesses have faced &#8220;relatively minor to severe&#8221; negative effects from Covid-19, the illness caused by the novel coronavirus, with revenue slowing considerably in April even at businesses deemed &#8220;essential.&#8221;<\/p>\n<p>The BNSF railroad saw shipping volumes fall, Geico set aside money for car insurance premiums it doesn&#8217;t expect to collect, and some businesses cut wages and furloughed workers. Retailers such as See&#8217;s Candies and the Nebraska Furniture Mart closed stores.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett&#8217;s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said most of its more than 90 businesses have faced &#8220;relatively minor to severe&#8221; negative effects from Covid-19, the illness caused by the novel coronavirus, with revenue slowing considerably in April even at businesses deemed &#8220;essential.&#8221; The BNSF railroad saw shipping volumes fall, Geico set aside money for car insurance premiums it doesn&#8217;t expect to collect, and some businesses cut wages and furloughed workers. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-349383","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349383"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349383\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}