The strong recovery in the stock market — and a surge in the value of Apple’s stock, in particular — drove a rebound in profits for Warren E. Buffett’s Berkshire Hathaway in the second quarter.
Berkshire on Saturday said it earned $26.4 billion in the second quarter, a turnaround from
FRANKFURT — Only a few weeks after Berkshire Hathaway bought what looked like an upstanding example of German engineering prowess, a manager in Warren Buffett’s widely admired corporate empire received an unsettling email.
“I have to get rid of something I witnessed in the last few months,” the anonymous author
Warren E. Buffett’s Berkshire Hathaway swung to a $49.7 billion loss in the first quarter, the conglomerate reported on Saturday, reflecting the toll that the coronavirus has inflicted on one of America’s best-known investors.
The loss — compared with a $21.7 billion profit during the same quarter a year ago
