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Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion - TL;DR CNBC

Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion

Publishing timestamp: 2024-05-04 11:45:09


Summary

Berkshire Hathaway reported a surge in operating earnings in the first quarter, with a 39% increase to $11.22 billion. The company's cash holdings also reached a record high of $188.99 billion, leading to speculation about potential major acquisitions. Warren Buffett will address shareholders at the upcoming annual meeting.


Sentiment: POSITIVE

Tickers: BRK.A

Keywords: business newsstock marketsberkshire hathaway incbreaking news: marketswall streetearningsinvestment strategymarkets

Source: https://www.cnbc.com/2024/05/04/berkshire-hathaway-brka-earnings-q1-2024.html


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