Berkshire Reports Drop in Earnings, Mainly From Investment Losses
Berkshire Hathaway, the conglomerate run by Warren E. Buffett, reported a sharp drop in first-quarter earnings on Saturday as the company felt the effects of a declining stock market and braced for potential hits from President Trump’s trade policies. The company reported $9.6 billion in operating income, Mr. Buffett’s preferred measure, down 14 percent from