Berkshire Hathaway (BRK-A, BRK-B) reported blockbuster earnings, with massive cash balances reaching $167.6 billion. CFRA Equity Research Vice President Cathy Seifert joins Yahoo Finance Live to discuss her outlook on the company. Seifert says "the numbers were decent" considering Berkshire's enormous size. She notes Berkshire has strong insurance, reinsurance and commercial business lines that help drive results. However, she points to potential stock pressure from weaker segments like their utility holdings. Seifert adds that the annual letter to shareholders "addressed" many investor concerns. But with Berkshire being so large, she notes "it's really difficult to move the needle" for a company of this scale. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Stock futures may be easing off the gas pedal ahead of this week's Personal Consumption Expenditures (PCE) index print. Walmart (WMT) is set to begin trading Monday morning after a 3-for-1 stock split that took effect on last Friday's market close. Lastly, Berkshire Hathaway (BRK-A, BRK-B) posts its second consecutive year of record annual profits, outlined in Chairman and CEO Warren Buffett's shareholder letter released on Saturday, February 24. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement. The potential lawsuits were disclosed in an annual report filed by PacifiCorp’s Iowa-based parent company, Berkshire Hathaway Energy, on Monday — two days after Buffett lamented the disappointing results at the conglomerate's utility division in his annual letter to Berkshire Hathaway shareholders.