Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Berkshire Hathaway reports a significant profit drop due to writedown on Kraft Heinz stake.
Warren Buffett's Berkshire Hathaway reported a 59% drop in second-quarter profits to $12.37 billion, largely due to a $3.76 billion writedown on its Kraft Heinz investment.
Despite the writedown, operating earnings were only slightly down at $11.16 billion.
Most of Berkshire's businesses, including insurers and railroads, performed well amid economic uncertainty.
Kraft Heinz, facing challenges from shifting consumer preferences, is exploring strategic options, potentially including spinning off parts of its portfolio.
65 Articles
Berkshire Hathaway informa de una caída significativa en las ganancias debido a la reducción de la participación en Kraft Heinz.