Berkshire Hathaway reported a 4% year-over-year drop in second quarter operating earnings to $11.16 billion, according to CNBC. Gains in railroads, energy, manufacturing, and retail offset declines in insurance underwriting. The company warned of potential widespread impacts from escalating U.S. tariffs under Trump’s trade policies, citing “considerable uncertainty” in global markets. Buffett’s cash reserves stood at $344.1 billion, just below the $347 billion recorded at the end of March. Berkshire sold $4.5 billion in equities during the first half of 2025, marking its 11th consecutive quarter as a net seller. This marks the first earnings release since Warren Buffett confirmed plans to step down as CEO by year-end, with Greg Abel named as his successor.
