US EditionBerkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
OMAHA, NEBRASKA, AUG 2 – Berkshire Hathaway's 4% earnings decline follows a $3.76 billion Kraft Heinz writedown amid shifting consumer preferences and strategic merger reconsiderations.
- Berkshire Hathaway reported a 4% dip in second-quarter operating earnings and warned of potential negative impacts from U.S. tariffs on its businesses and investments.
- The conglomerate's cash holdings fell slightly to $344.1 billion, and it did not repurchase any stock despite a 10% share price decline.
- Berkshire took a $3.8 billion hit on its stake in Kraft Heinz, and its subsidiaries like Fruit of the Loom and Jazwares saw revenue declines due to trade uncertainties and tariffs.
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The share price of Kraft Heinz has declined steadily in recent years in the face of disappointing business developments. Investor Warren Buffett is now pulling the tear line. A write-down of 3.76 billion dollars is due.
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Total News Sources56
Leaning Left13Leaning Right6Center18Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 35%
C 49%
R 16%
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