Reported 1 day ago
Berkshire Hathaway reported a decline in revenue for its consumer goods division due to increased tariffs from President Trump's trade policies. The conglomerate's consumer products group, including brands like Fruit of the Loom and Brooks Sports, experienced a 5.1% revenue drop in the second quarter compared to the previous year. Despite some businesses seeing growth, overall operating income also fell by 4% during the same period.
Source: YAHOO