Berkshire Hathaway Profits Soar By 41% and Break Previous Records

This past Friday, Berkshire Hathaway provided its second-quarter earnings report and profits soared by 41% to reach a record high. This reflects substantial gains in investments, plus improved manufacturing, retail and service business results. “It’s clear that Warren Buffett’s bet on the US economy is paying off,” said Michael Yoshikami, the president of Destination Wealth …

Continue reading ‘Berkshire Hathaway Profits Soar By 41% and Break Previous Records’ »

Buffett’s Exxon Mobil Shares Lower on Earnings Weakness

Exxon Mobil Corp.’s shares reacted early on Thursday when the company reported its fourth-quarter earnings. Ultimately, the earnings were down by about 16%, and this was mostly because of weaker than expected margins in its refining operations as well as lower production. The company still made a $8.35 billion worth of profit, which otherwise equates …

Continue reading ‘Buffett’s Exxon Mobil Shares Lower on Earnings Weakness’ »