OMAHA — Berkshire Hathaway reported a sharp rebound in its third-quarter operating profit, driven by a massive surge in its insurance business, the conglomerate said Saturday. However, with CEO Warren Buffett finding few attractive opportunities in the market, the company’s cash reserves swelled to a record $381.6 billion as it refrained from share repurchases for the…
Tag: Warren Buffett
Berkshire Hathaway posts dip in Q2 earnings, warns of tariff fallout
OMAHA: Berkshire Hathaway reported a slight decline in second-quarter operating earnings Saturday, as Warren Buffett’s conglomerate flagged growing risks from escalating U.S. tariffs. Operating profit from the company’s core businesses — including insurance, railroads, energy and retail — fell 4% year-over-year to $11.16 billion. The dip was largely driven by weaker insurance underwriting, though other…
Why Investors Are Flocking to Short-Term Bonds Amid Economic Uncertainty
Investors are currently favoring short-term bonds due to their lower volatility and stable yields amid economic uncertainty. The 3-month Treasury Bill yields over 4.3%, while the 2-year and 10-year Treasuries offer 3.9% and 4.4%, respectively. ETFs like iShares 0-3 Month Treasury Bond ETF (SGOV) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) have attracted over $25 billion in inflows…