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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