The March-quarter operating earnings for Warren Buffett\u2019s Berkshire Hathaway, which reported a 6 per cent increase to $5.87 billion, \u201chave little meaning for forecasting the next year,\u201d Buffet said at the company\u2019s annual shareholders meeting on Saturday. Hathaway reported $49.7 billion loss in the first quarter of 2020 amid Covid-19 outbreak. \u201cI don\u2019t know the consequences of shutting down the U.S. economy\u2026For some period, certainly during the balance of the year but maybe much longer\u2026our operating earnings will be considerably less than if the virus hadn\u2019t come along,\u201d said Buffet.<\/p>\n
While the Berkshire Hathaway\u2019s three biggest ventures including the BNFS railroad, insurance, and the energy business have been in a \u201creasonably decent\u201d situation but its other businesses (such as the home furnishing store chain Nebraska Furniture Mart and chocolate and candy maker See\u2019s Candies) have been \u201ceffectively shut down,\u201d he said, to contain the virus spread.<\/p>\n","protected":false},"excerpt":{"rendered":"
The March-quarter operating earnings for Warren Buffett\u2019s Berkshire Hathaway, which reported a 6 per cent increase to $5.87 billion, \u201chave little meaning for forecasting the next year,\u201d Buffet said at the company\u2019s annual shareholders meeting on Saturday. Hathaway reported $49.7 billion loss in the first quarter of 2020 amid Covid-19 outbreak. \u201cI don\u2019t know the consequences of shutting down the U.S. economy\u2026For some period, certainly during the balance of the year but maybe much longer\u2026our operating earnings will be considerably less than if the virus hadn\u2019t come along,\u201d said Buffet. While the Berkshire Hathaway\u2019s three biggest ventures including the BNFS […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-349440","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349440","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=349440"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349440\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}