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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Hard-hit by the market rout surrounding the coronavirus pandemic, Berkshire Hathaway, the holding company of Warren Buffett, has reported first-quarter net losses of nearly $50 billion, it reported Saturday. The celebrated billionaire, considered one of the world's savviest investors, said a better measure of the company's performance was its operating earnings, which exclude investments and are less subject to sharp fluctuations. By that measure, Berkshire Hathaway saw growth to $5.9 billion from $5.55 billion a year earlier. The brutal drop in the net -- to a loss of $49.75 billion from a profit last year of $21.7 billion -- resulted primarily from the drop in value of its wide-ranging portfolio of investments amid fears over the economic impact of the global pandemic. A year earlier, the conglomerate reported profits of $15.5 billion. Buffett had predicted that a 2018 accounting rule would create "wild and capricious swings" in the company's reported profits or losses. Vog/etr/bbk/dw
schema:headline	Warren Buffett's company reports Q1 loss of $50 bln
schema:mentions	Holding company Berkshire Hathaway Warren Buffett Billionaire Pandemic Coronavirus Fundamental analysis Data warehouse Chaebol Vog
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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