Buffett's Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises | ||
Saturday, 2 May 2020 ()
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. |
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Credit: CBS Dallas Digital - Published
American Airlines Posts $2.2 Billion Loss During Coronavirus Pandemic 00:34American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. Katie Johnston reports. |