The limited information that follows in this press release is not adequate for making an informed investment judgment.
Approximately $6.6 billion was used to purchase shares of Class A and Class B common stock during the first quarter of 2021.
Berkshire presents its results in the way it believes will be most meaningful and useful, as well as most transparent, to the investing public and others who use Berkshire’s financial information.
Although the investment of insurance and reinsurance premiums to generate investment income and investment gains or losses is an integral part of Berkshire’s operations, the generation of investment gains or losses is independent of the insurance underwriting process.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.
With results in from more than half of the S&P 500 companies, earnings are now expected to have risen 46% in the first quarter from the previous year, compared with forecasts of 24% growth at the start of the month, according to IBES data from Refinitiv.
Warren Buffett’s Berkshire Hathaway Inc said on Saturday its earnings are rebounding from the worst effects of the COVID-19 pandemic and that it has extended its aggressive stock repurchases with $6.6 billion of new buybacks.
AstraZeneca said its COVID-19 vaccine sales were $275 million in the first-quarter and it is on track to deliver 200 million doses a month from April, as better-than-expected results and a second half growth forecast boosted its shares.
The pitch is the first time Pat Gelsinger has publicly put a figure on how much state aid he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing.
Indeed, Berkshire said many businesses are enjoying “considerably higher” earnings and revenue, while others such as the Precision Castparts aircraft parts unit still struggle.
market with its VinFast line of cars and hoping that electric SUVs and a battery leasing model will be enough to woo consumers away from homegrown market leaders like Tesla and General Motors Co.
Sign up hereEconomic activity in India picked up speed last month, signaling it was well on the road to recovery before a new wave of coronavirus infections derailed progress.The needle on a dial measuring so-called animal spirits moved a notch higher for the first time in six months in March, based on the three-month weighted average numbers of eight high-frequency indicators tracked by Bloomberg News.While last month’s score — helped by faster exports and improved liquidity — cements a solid showing in the January to March quarter, fresh activity curbs amid the world’s worst Covid-19 outbreak in India merit a real-time reading of the economy using other indicators.A basket of of high-frequency, alternative and market indicators pointed to a sharp slump in services activity in the week to April 25, Abhishek Gupta, India economist at Bloomberg Economics, said in a note Wednesday.Here are the details of the animal-spirits dashboard:Business ActivityActivity in India’s dominant services sector moderated in March after expanding the previous month at its quickest pace in a year.
uses each year, with similar boosts to aluminum and copper demand.MeatIt’s been a tough year to be in the meat business, from devastating Covid outbreaks to the deadly pig disease that hit Germany and is roaring back in China.And as crop prices surge, farmers rearing poultry, pigs and cattle are among the first to get squeezed by the eye-watering run-up in grains.
Global stocks have been on a tear, buoyed by fiscal stimulus – mainly from the United States – the expected vaccine-driven economic recovery and robust earnings, putting the MSCI world equity index on track for its best monthly performance since November.
It’s also been one of the more controversial ones: Many countries paused their rollout of the jab when it emerged that it can, in some rare cases, cause blood clots.
Meanwhile, Credit Suisse Group AG’s Jonathan Golub raised his forecast for the stock benchmark, citing a “red-hot economy fueling earnings.”Still, for Ralph Bassett, head of North American equities at Aberdeen Standard Investments, companies have done so well that the market is getting to a point where a lot of that optimism may be priced in.“The setup is very good, but with multiples where they are, the upside risks are just really becoming less likely at this stage,” he said.The S&P 500 has had better months, but never before has a rally been so widespread, according to one measure tracked by Bloomberg.