Reported about 17 hours ago
Warren Buffett's Berkshire Hathaway reported a significant decline in profits, earning $4.6 billion in the first quarter, impacted by $860 million in insurance losses related to Southern California wildfires. As thousands gathered for the shareholders meeting in Omaha, Buffett noted that operating earnings fell 14% to $9.6 billion. While the company faces challenges from geopolitical events and tariffs, its various business sectors, including BNSF railroad, showed resilience despite overall profit declines in insurance underwriting.
Source: YAHOO