US EditionBerkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
OMAHA, NEBRASKA, USA, AUG 2 – Berkshire Hathaway’s Q2 earnings fell 3.8% due to a $3.8 billion Kraft Heinz writedown amid changing consumer tastes and tariff-driven uncertainties, net income dropped 59%.
- 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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Denver GazetteReposted by 
Washington Examiner
Washington ExaminerBerkshire Hathaway writes down Kraft Heinz investment
Berkshire Hathaway reported a $3.76 billion write-down for its shares in Kraft Heinz during its second quarter. This write-down reveals Berkshire Hathaway’s admission that its initial investment into the food conglomerate was overvalued and is now correcting course. Berkshire Hathaway…
·Denver, United States
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Warren Buffett's Berkshire Hathaway subscribes $3.76 billion to its stake in Kraft Heinz. The company's net profit fell by 59 percent. Buffett plans to resign as CEO.
·Munich, Germany
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Increased participation. Berkshire Hathaway halves the net profit, weighs the dollar The food giant in difficulty due to the weight of inflation on spending and the desire of families to choose healthier foods.
·Italy
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Coverage Details
Total News Sources82
Leaning Left20Leaning Right8Center26Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 37%
C 48%
15%
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