Berkshire Hathaway's First Quarter Earnings Report
Berkshire Hathaway reported a significant increase in operating earnings in the first quarter, with its cash holdings reaching a record high. The conglomerate posted an operating profit surge of 39% to $11.22 billion, led by gains in insurance underwriting and investment income. The company's cash hoard hit $188.99 billion, reflecting Buffett's challenge in finding major acquisition targets.