economy
Berkshire Shares Suffer Longest Losing Streak in More Than 7 Years
Shares of Berkshire Hathaway have lost ground for eight consecutive days. It is their longest losing streak since December of 2018.
TL;DR
- Berkshire Hathaway's Class A and B shares have fallen for eight consecutive days, the longest losing streak since December 2018.
- The stock's decline is attributed to broader market downturns caused by rising energy prices and global uncertainty.
- Berkshire has made a significant investment of $1.8 billion for a nearly 2.5% stake in Tokio Marine Holdings, Japan's oldest insurance company.
- This new partnership includes collaboration in reinsurance and strategic investment sourcing.
- Berkshire's insurance chief Ajit Jain expressed optimism about long-term opportunities arising from the partnership.