Finance
Berkshire Cash Hoard Scores Another Record as Earnings Gain
- Buffett’s cash pile rose to $189 billion amid scarce deals
- Conglomerate trimmed Apple stake; reveals Paramount losses
This article is for subscribers only.
Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses.
The firm’s hoard increased to $189 billion at the end of the first quarter, topping the record it set at year-end. The company also reported first-quarter operating earnings of $11.2 billion, versus $8.07 billion for the same period a year earlier.