He also admits that buying into the airlines was a mistake as Berkshire posts a $50 billion loss for the first COVID outbreak quarter.
The Canadian fund pulled the plug on its volatility strategies following significant losses, sources say.
GE's total revenue fell almost 8% and the company warned the damage would worsen in the next three months.
United surprised Wall Street with a narrower quarterly loss as it attempted to manage “the most disruptive global crisis in the history of aviation.”