Berkshire Hathaway fourth-quarter operating earnings fall 8%, cash hoard swells to nearly $130 billion Berkshire Hathaway’s operating profits fell during the fourth quarter as inflationary pressures weighed on the conglomerate’s businesses. Berkshire Hathaway’s operating earnings totaled $6.7 billion in the fourth quarter of 2022, a release read Saturday. That’s down 7.9% from the year-earlier period when profits totaled $7.285 billion. Operating earnings refers to the total profits made from the businesses owned by the conglomerate. Earnings from Berkshire’s railroad, utilities and energy businesses came in at $2.2 billion in the fourth quarter of 2022, which is slightly down from the year-ago period. Meanwhile, the firm’s insurance-underwriting business fell to $244 million in the fourth
Twitter's new owner, Elon Musk, posted an informal poll Sunday asking users of the social media platform if he should step down as CEO. Musk claimed he will abide by the results of the poll, but it is unclear whether or not he will actually do so. The poll closed Monday morning with a majority of respondents calling for the billionaire to leave his post.
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Rocket Lab USA Inc. is hovering around $70, which is a key level where the stock has struggled before because sellers tend to step in there. It’s had strong momentum and good sentiment lately, so a breakout is possible, but it’s not guaranteed given valuation concerns and uneven profitability. If it pushes clearly above $70 with solid volume, it could continue higher toward the mid-$70s or beyond, but if it fails to hold that level, a pullback toward the mid-$60s is likely.
Tesla. the stock is no longer in a strong uptrend but trying to find a bottom, and right now there isn’t a clear one yet. The area around $350 is acting as a key support where buyers are attempting to step in, but if that level breaks, the next likely downside zone is in the low $300s, with deeper support closer to the high $200s. The weakness is being driven not just by technicals but also softer EV demand and rising competition, which is weighing on sentiment. For now, it looks more like a consolidation or base building phase rather than a confirmed rebound, meaning the stock may continue to move sideways or stay volatile until a clearer direction forms.