Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty
1. Berkshire's operating earnings fell 14% to $9.64 billion this quarter. 2. Insurance-underwriting profits declined 48.6%, significantly impacting overall earnings. 3. Tariff uncertainties create risks and may affect future profitability. 4. Berkshire's cash reserves reached a record $347 billion amidst challenging market conditions. 5. Year-to-date, BRK-A shares are up 19% while S&P 500 is down 3.3%.