Reported 28 days ago
Berkshire Hathaway reported a $3.76 billion write-down on its investment in Kraft Heinz, reflecting the struggles of the brand and challenges in the overall market. The firm's operating profit fell by 4% due to declining insurance premiums and market volatility, resulting in a 59% drop in net income. Despite holding a significant cash reserve and selling more stocks than it bought for 11 consecutive quarters, investors are concerned about Berkshire's lack of new investments and the potential impact of rising tariffs on its businesses.
Source: YAHOO