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Berkshire posts record operating profit as rising rates boost Buffett's returns

Berkshire Hathaway on Saturday posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Rising interest rates, and better results at the Geico car insurer, allowed Berkshire's insurance businesses to generate more money in the second quarter, with profit up 38% and interest and other investment income growing sixfold. But while operating profit topped $10 billio...
United States New York Ira Iosebashvili Alistair Bell Angus Macswan Edward Jones
Source: aol.com

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