Finance
Warren Buffett’s Berkshire Got a Boost From High Interest Rates
- Apple third-quarter stock drop will drive stock portfolio loss
- Conglomerate is scrutinized as proxy for US economic health
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Warren Buffett’s Berkshire Hathaway is poised to show that persistently high interest rates have helped the conglomerate more than they hindered it.
The Omaha, Nebraska-based firm owns operations spanning railroad and energy to candy and insurance, making it particularly susceptible to higher interest rates that can crimp demand. But it also holds a vast cash pile parked largely in short-term Treasury bills, a haul being burnished by elevated interest rates amid Federal Reserve efforts to contain inflation.