Earnings

Warren Buffett’s Berkshire Hathaway reports a $128 billion cash pile

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Warren Buffett, chairman and CEO of Berkshire Hathaway Inc

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Berkshire Hathaway on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett’s inability to deploy the conglomerate’s cash.

Berkshire benefited as resilience in consumer spending helped cause U.S. economic growth to slow less than expected, offsetting a contraction in business investment.

But rising stock prices are still impeding Buffett’s efforts to find places to invest.

Berkshire ended September with a record $128.2 billion of cash,…



Source cnbc.com

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