STORY: From a tough quarter for Warren Buffett, to bragging rights for Disney, this is the Week in Numbers. First up…
$43.8 billion was the second-quarter loss at Warren Buffett’s Berkshire Hathaway. It was hit by the slide in U.S. stock prices, but Buffett says investors shouldn’t sweat over short-term market moves.
$50 billion was the first-half loss at SoftBank’s flagship Vision Fund. The Japanese investment giant has been battered as the value of its tech holdings soured.
Later in the week it set out plans to shore up its finances by selling a big part of its Alibaba stake.
Less than $4 is the cost of a gallon of gasoline in the U.S. It’s the first time in months the price has been below that level, and the big drop drove an inflation surprise.
Consumer prices in July were flat, raising market hopes that the Fed won’t have to hike rates quite so fast.
WealthWise Financial chief Loreen Gilbert is among the optimists:
“We believe that inflation peaked in June, is coming down now and will continue to come down.”
$6.9 billion is the value of Tesla shares sold by Elon Musk. The billionaire says he has to get ready in case a court forces him to go through with a deal to buy Twitter.
And 221 million is the number of people subscribing to Disney streaming services now. That puts it a few hundred thousand ahead of Netflix, giving Mickey Mouse’s firm top spot in the streaming wars.