Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty
- Berkshire Hathaway reported operating earnings of $4.6 billion for the first quarter on Saturday in Omaha, Nebraska, marking a significant decline from last year.
- This drop results from $860 million in insurance losses linked to policies before the Southern California wildfires and a major investment value decline amid tariff concerns.
- Thousands of shareholders gathered to hear Warren Buffett discuss the impact of tariffs and his decision to hold $347.7 billion in cash as of the quarter's end.
- Berkshire's earnings were down 14%, with Buffett sitting on a large cash pile, while investors asked about tariffs and cash usage, topics Buffett had earlier avoided addressing directly.
- The earnings decline and cash accumulation highlight uncertainty in finding attractive investments, and investors anticipate Buffett’s guidance amid ongoing tariff-related market pressures.
126 Articles
126 Articles
Buffett says US shouldn't use trade as weapon as Trump has done
OMAHA, United States — Investor Warren Buffett told thousands of Berkshire Hathaway shareholders Saturday that the United States shouldn’t use “trade as a weapon” and anger the rest of the world like President Donald Trump has done with his tariffs that roiled global markets.. “It’s a big mistake in my view when you have 7.5 […]...Keep on reading: Buffett says US shouldn't use "trade as a weapon" as Trump has done with tariffs
Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Trump has done with tariffs
Warren Buffett’s company reported just over one-third of last year’s profit Saturday morning just as thousands of Berkshire Hathaway shareholders streamed into an Omaha arena to listen to the revered investor answer questions.
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