Buffett's Berkshire loses money as stocks, Hurricane Ian offset higher demand
Source: Reuters
Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses.Operating profit, meanwhile, rose by 20%, as Berkshire benefited from increased demand and prices for new home sales, industrial products and energy,…