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Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty

  • Berkshire Hathaway reported a significant drop in operating earnings during its annual meeting held on Saturday morning in Omaha, Nebraska.
  • This decline stemmed from $860 million in insurance losses linked to policies written before the Southern California wildfires and market impacts from tariff uncertainties.
  • The company earned $4.6 billion in the first quarter, down from $9.6 billion last year, while holding $347.7 billion in cash amid limited investment opportunities.
  • Shareholders, including thousands gathered at the meeting, focused on Buffett’s views about tariffs and why he maintains the large cash reserve, reflecting their top concerns.
  • The results highlight investor caution as Buffett, aged 94, faces questions about capital deployment amid economic uncertainty and potential challenges ahead.
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Forbes broke the news in United States on Saturday, May 3, 2025.
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