‘We don’t see anything that attractive’

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Warren Buffett

Gerard Miller | CNBC

Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. 

“We have not done anything, because we don’t see anything that attractive to do,” said Buffett, chairman and CEO of Berkshire Hathaway, from the company’s annual shareholder’s meeting in Omaha, Nebraska. “Now that could change very quickly or it may not change.”

Berkshire had a record $137 billion in cash and equivalent instruments by the end of March, according to the company’s latest 10-Q filing. 

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Buffett’s Berkshire posts nearly $50 billion loss as coronavirus causes pain

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(Reuters) – Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo

Berkshire said most of its more than 90 businesses are facing “relatively minor to severe” negative effects from COVID-19, the illness caused by the novel coronavirus and now punishing the global economy,

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Tesla to extend furlough for some employees by another week: internal email

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FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Tesla Inc (TSLA.O) told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San Francisco vehicle-assembly plant, according to an internal email.

“For furloughed employees, unless you are contacted by your manager about a start date, you will remain on furlough until further notice, at least for another week,” the company’s in-house counsel Valerie Capers Workman said

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‘Nothing can basically stop America’

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Warren Buffett

Gerry Miller | CNBC

Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic. 

“Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American miracle, the American magic has always prevailed and it will do so again.”

More than 1 million coronavirus cases have been confirmed in the U.S., according to Johns Hopkins University. The outbreak has led to states shutting down their economies, which has resulted in unprecedented

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